Daily Dispatches

Another large decline in gold hedging

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By Nicholas Larkin
Bloomberg News
Friday, November 7, 2008

http://www.bloomberg.com/apps/news?pid=20601116&sid=aaMpDG7Hzo3g

LONDON -- Gold miners reduced forward sales contracts by 2.3 million ounces in the third quarter to 16.5 million ounces, London-based researcher VM Group said.

Eric Sprott: Cash or gold?

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7:23p ET Thursday, November 6, 2008

Dear Friend of GATA and Gold:

Credit swap inventory was grossly incomplete

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Credit Swap Disclosure Obscures True Financial Risk

By Shannon D. Harrington and Abigail Moses
Bloomberg News
Thursday, November 6, 2008

http://www.bloomberg.com/apps/news?pid=20601109&sid=a0CcmxJQnS7A&refer=h...

Rubin won't return to Treasury, boosting Summers' chances

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Rubin Removes Himself for Consideration at Treasury

By Michael McKee
Bloomberg News
Thursday, November 6, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=a.T1Wv5QZHRU&refer=h...

Big interest rate cuts in Britain and Europe

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By Ralph Boulton
Reuters
Thursday, November 6, 2008

http://www.reuters.com/article/newsOne/idUSTRE49N5VU20081106

LONDON -- Britain slashed borrowing costs by a surprising 1.5 percentage points on Thursday and the European Central Bank (ECB) also cut rates as part of concerted efforts to revive world commerce and ward off deep recession.

Lance Lewis: Mother of all short squeezes for gold?

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10:07p ET Wednesday, November 5, 2008

Dear Friend of GATA and Gold:

Speculation about a short squeeze on the December gold contract on the New York Commodities Exchange continues to percolate, this time in some analysis by Lance Lewis at Minyanville, "Mother of All Short Squeezes for Gold?," which you can find here:

http://www.minyanville.com/articles/gold-libor-3M-comex/index/a/19867

Venezuela takes control of Crystallex project

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From Reuters
Wednesday, November 5, 2008

http://www.reuters.com/article/marketsNews/idUSN0531130420081105

CARACAS, Venezuela -- Venezuela will take over Canadian miner Crystallex's Las Cristinas gold project, one of Latin America's largest, the latest move by President Hugo Chavez to bring key industries into the hands of the state.

Financial Times: Be ready to print money like crazy

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Ways Out of the Liquidity Trap

From the Financial Times, London
Monday, November 3, 2008

http://www.ft.com/cms/s/0/cb770c3e-a9f3-11dd-958b-000077b07658.html?ncli...

Having unleashed deflation, Fed mulls how to get inflation back

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Deflation Risk Boosts Inflation Target Case

By Krishna Guha
Financial Times, London
Tuesday, November 4, 2008

http://www.ft.com/cms/s/0/2d47d156-aaac-11dd-897c-000077b07658.html

WASHINGTON -- The risk of deflation could lead Ben Bernanke to approach the new administration and Congress next year about adopting an ­inflation target at the Federal Reserve, some experts believe.

Credit swaps are no problem, their inventors and managers insist

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Credit Swaps Said to Total Near $34 Trillion

By Shannon D. Harrington
Bloomberg News
Tuesday, November 4, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=aItLK7lFfmPA&refer=h...

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