Daily Dispatches

Financial Times lets GoldMoney's Turk mock paper gold

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View of the Day: Gold Dances to Its Own Tune

Financial Times, London
Thursday, November 5, 2009

http://www.ft.com/cms/s/0/5274693a-ca1d-11de-a5b5-00144feabdc0.html?ncli...

Gold's recent surge to record highs has not been accompanied by the usual market actions explaining its advance -- instead, different factors are at work, says James Turk, chairman of GoldMoney.

Domestic gold cheaper than IMF's, ex-China bank adviser says

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By Zhou Xin and Tom Miles
Reuters
Thursday, November 5, 2009

http://in.reuters.com/article/businessNews/idINIndia-43702720091105

BEIJING -- It would be cheaper for China to buy domestically mined gold than purchase bullion the International Monetary Fund is seeking to sell, a former adviser to the People's Bank of China said on Thursday.

Sri Lanka's central bank has bought gold for months, wants more

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By Tony Munroe
Reuters
via Forbes.com
Thursday, November 5, 2009

http://www.forbes.com/feeds/afx/2009/11/05/afx7089016.html

NEW DELHI, India -- Sri Lanka's central bank has been buying gold for the past five or six months as it diversifies its reserves amid volatile markets, the bank's governor said in an interview on Thursday.

Peter Brimelow: Is India clearing way for gold 'moonshot'?

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By Peter Brimelow
MarketWatch.com
Thursday, November 5, 2009

http://www.marketwatch.com/story/is-india-clearing-way-for-gold-moonshot...?

NEW YORK -- Does India like gold, or dislike Washington's anti-gold dollar domination?

Fed statement may let gold continue upward course

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By Allen Sykora
The Wall Street Journal
Wednesday, November 4, 2009

http://online.wsj.com/article/SB125737211967428993.html

Federal Reserve officials did not offer any hints Wednesday on when they might start to tighten monetary policy for the foreseeable future, which may well mean a green light for further gains in gold.

William Pesek: India shows hedge-fund savvy with huge gold buy

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By William Pesek
Bloomberg News
Thursday, November 5, 2009

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ae2wslm0YHgc

Barack Obama and Timothy Geithner must be as annoyed as they are bewildered.

FX strategists in poll expect long, slow slide for dollar

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By Nigel Davies
Reuters
Wednesday, November 4, 2009

http://www.reuters.com/article/ousivMolt/idUSTRE5A343I20091104

LONDON -- The dollar's edge as the world's leading reserve currency will be chipped away only slowly, and it is likely to remain dominant for many years, a Reuters poll of foreign exchange strategists showed.

Morgan Chase forfeits $700 million in bribe scandal

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Morgan Settlement with SEC Worth $700 Million

By Marcy Gordon
Associated Press
via Yahoo News
Wednesday, November 4, 2009

Greg Peel: Get it India

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12:30a ET Wednesday, November 4, 2009

Dear Friend of GATA and Gold:

FNArena's Greg Peel analyzes India's huge purchase of International Monetary Fund gold and mentions GATA in passing. Peel's commentary is headlined "Get In India" and you can find it at FNArena here:

http://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=BD66F90B-DDAB-285C...

Mixed notices for GATA from financial letter writers

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9:20p ET Tuesday, November 3, 2009

Dear Friend of GATA and Gold:

A couple of financial letter writers took note of GATA's work today, one favorably and one unfavorably.

The favorable notice came from Lawrence Tout, editor of the Midas Letter, in his essay, "The Risk of Catastrophic Deflationary Collapse," which you can find at the Midas Letter's Internet site here:

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