Daily Dispatches

Bank bailout may weaken British government bonds

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Gilts Market May Be Hit by Bank Bailout

By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, April 22, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/04/22/cngilt...

Goldman Sachs has advised clients to take out "short" positions on British 30-year Gilts before a rash of new issues by the Government floods the bond market.

Alex Stanczyk: GATA went to Washington

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10:12p ET Monday, April 21, 2008

Dear Friend of GATA and Gold:

Alex Stanczyk, a broker for Anglo Far East Bullion Co., has recorded his observations about GATA's conference last weekend. He headlines them "GATA Went to Washington" and you can find them at his blog here:

http://www.rapidtrends.com/blog/2008/04/21/gata-went-to-washington/

CHRIS POWELL, Secretary/Treasurer

Reg Howe: Gold, the Supremes, and UFOs

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10:06p ET Monday, April 21, 2008

Dear Friend of GATA and Gold:

Gene Arensberg: If you want silver, not paper, you face a premium

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9:39p ET Monday, April 21, 2008

Dear Friend of GATA and Gold:

The new "Got Gold Report" of Gene Arensberg at Resource Investor notes that the paper silver market is failing to reflect the shortages of the retail silver market and that if you want real metal these days you have to pay a premium. You can find Arensberg's commentary, "Popular Silver Demand Surging in U.S.," here:

Intervention likely only if dollar falls too fast, analysts say

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By Anchalee Worrachate
Bloomberg News Service
Monday, April 21, 2008

http://www.bloomberg.com/apps/news?pid=20601103&sid=aB586egEm0Pc

Traders betting on intervention by the Group of Seven nations to stem the dollar's 7.7 percent decline against the euro this year may be disappointed.

Bank of England unveils huge bond swap operation

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By Chris Giles
Financial Times, London
Monday, April 21, 2008

http://www.ft.com/cms/s/0/316cfef4-0f80-11dd-8871-0000779fd2ac.html

The Bank of England introduced a huge new operation to ease the liquidity problems of Britain's banks on Monday morning, offering to swap difficult to sell mortgage-backed assets for Treasury bills.

Edwin Vieira Jr.: Silver and gold guarantee freedom

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Address by Edwin Vieira Jr.
Gold Anti-Trust Action Committee Inc. conference
GATA Goes to Washington -- Anybody Seen Our Gold?
Hyatt Regency Crystal City Hotel, Arlington, Virginia
Friday, April 18, 2008

IMF may have no gold at all but Fed has gold secrets

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1:20a ET Saturday, April 19, 2008

Dear Friend of GATA and Gold:

Please note from the previous dispatch -- your secretary/treasurer's opening remarks at GATA's Washington conference yesterday (http://www.gata.org/node/6241) -- a couple of important disclosures.

Chris Powell: There are no markets anymore, just interventions

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Remarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
GATA Goes to Washington -- Anybody Seen Our Gold?
Hyatt Regency Crystal City Hotel, Arlington, Virginia
Friday, April 18, 2008

Bank of Russia starts buying gold directly from mines

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From Interfax News Service
Friday, April 18, 2008

http://www.interfax.com/3/386119/news.aspx

MOSCOW -- For the first time, the Bank of Russia purchased gold for its international reserves from gold producers, a source in banking circles told Interfax.

Previously the central bank had always purchased gold on the interbank market.

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