Daily Dispatches

Pressure mounts for UK and EU rate cuts


By Chris Cook
Financial Times, London
Sunday, November 2, 2008


British and EU monetary policymakers are facing mounting pressure to slash interest rates to historic lows.

Spectre of deflation lurks as global demand drops


By Peter S. Goodman
The New York Times
Friday, October 31, 2008


Sinclair helps you take metal off exchanges; he'll do it too


6p ET Friday, October 31, 2008

Dear Friend of GATA and Gold:

GMAC aims to become bank, tap U.S. Treasury for cash


By Jonathan Stempel
Thursday, October 30, 2008


NEW YORK -- GMAC LLC, the money-losing auto finance and mortgage provider, on Thursday confirmed it was seeking to become a bank holding company and said it plans to overhaul and slash its debt load, barely four months after completing a $60 billion refinancing package.

IMF denies selling or leasing gold this year


6:45p ET Thursday, October 30, 3008

Dear Friend of GATA and Gold:

In response to an inquiry from GATA, the International Monetary Fund today told the office of U.S. Rep. John B. Larson, D-Connecticut, that it has not sold, leased, or lent gold this year and, indeed, has not done so since 1999.

The IMF referred Larson's office to three documents for further information.

Fed official can see interest rates close to zero


By Vivien Lou Chen
Bloomberg News
Thursday, October 30, 2008


SAN FRANCISCO -- Federal Reserve Bank of San Francisco President Janet Yellen said the central bank may cut the benchmark interest rate close to zero percent from the current 1 percent level should the economy remain weak.

Japan's desperate bid to kick-start economy


By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, October 30, 3008


AngloGold, Newmont CEOs cite gold production decline


5:40p ET Thursday, October 30, 2008

Dear Friend of GATA and Gold:

John Peterson: War of the (gold) worlds


3:48p ET Wednesday, October 29, 2008

Dear Friend of GATA and Gold:

Wanted: Investors for film on gold's role as money


By James West
Monday, October 27, 2008

The campaign of disinformation and perception management continuously undermining gold's natural role in the financial universe inflicts damage on the economy, the scope of which we are now finally understanding.

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