Daily Dispatches

Indian customers lured by gold's lower price


By Javier Blas and Shyamantha Asokan
Financial Times, London
Friday, September 5, 2008


LONDON -- Gold demand in India is booming as retail consumers in the yellow metal's biggest importer return to the market after a 20 per cent fall in the price of bullion.

China's central bank is short of capital


By Keith Bradsher
The New York Times
Thursday, September 4, 2008


HONG KONG -- China's central bank is in a bind.

Banks reel as ECB redraws funding rules


By Ralph Atkins, Anousha Sakoui, and Paul J. Davies
Financial Times, London
Thursday, September 4, 2008


Bank stocks in Europe and the UK fell sharply and the risk of owning their debt leapt on Thursday after the European Central Bank declared a crackdown on abuses of its bank liquidity operations.

U.S. must buy more assets to prevent 'tsunami,' bond manager Gross says


By Jody Shenn
Bloomberg News Service
Thursday, September4, 2008


NEW YORK -- The U.S. government needs to start using more of its money to support markets to stem a burgeoning "financial tsunami," according to Bill Gross, manager of the world's biggest bond fund.

Troubled lenders' junk swaps with Bank of England soar


Lenders May Have Tapped Bank Scheme for L200 Billion

By Philip Aldrick
The Telegraph, London
Tuesday, September 9, 2008


Ted Butler challenges CFTC to detail biggest silver short


2:30p ET Tuesday, September 2, 2008

Dear Friend of GATA and Gold (and Silver):

Silver market analyst Ted Butler today elaborates on his disclosure of the recent hyper-concentration of the short position in the silver market, speculating that it was a U.S. government operation. Butler writes:

Peter Brimelow: Radical gold bugs say manipulation will fail


By Peter Brimelow
Tuesday, September 2, 2008


NEW YORK -- Down but not out.

The radical gold bugs have taken some body blows recently, but they're still fighting, and gold is still struggling back.

James Turk: Uptrends continue for gold and silver


10p ET Monday, September 1, 2008

Dear Friend of GATA and Gold:

World Gold Council responds to failure of commodity market regulation


World Gold Council and Damas Launch 2008 'Generation Gold' Youth Campaign

From AMEInfo.com, Dubai
Monday, September 1, 2008


Gene Arensberg: Banks' huge shorting of gold, silver looks like manipulation


9:30a ET Sunday, August 31, 2008

Dear Friend of GATA and Gold (and Silver):

Resource Investor's Gene Arensberg seems convinced in his latest "Gold Gold Report" that the recent enormous shorting of gold and silver by a few banks was a market manipulation and likely a currency intervention inspired by the U.S. government.

Arensberg writes:

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