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Daily Dispatches
Russian central bank wants more Canadian, fewer U.S. dollars
Submitted by cpowell on Wed, 2009-11-25 14:55 Section: Daily DispatchesBy Alex Nicholson and Paul Abelsky
Bloomberg News
Wednesday, November 25, 2009
http://www.bloomberg.com/apps/news?pid=20601083&sid=at5XsdLU.68w
MOSCOW -- Russia's central bank will add Canadian dollars to its reserves and may include more currencies as it seeks to reduce its dependence on the U.S dollar.
Sri Lanka buys 10 tonnes of IMF gold
Submitted by cpowell on Wed, 2009-11-25 14:44 Section: Daily DispatchesFrom Agence France-Presse
via Yahoo News
Wednesday, November 25, 2009
http://news.yahoo.com/s/afp/20091125/bs_afp/imffinancegoldsrilanka_20091...
WASHINGTON -- The International Monetary Fund said Wednesday it had sold 10 tonnes of gold to Sri Lanka's central bank for $375 million, as part of a restructuring of IMF financial resources.
Up $800 million on its IMF gold, India may buy the rest
Submitted by cpowell on Wed, 2009-11-25 00:22 Section: Daily DispatchesIndia Plans to Buy More Gold from IMF
By Mandakini Raina
Financial Chronicle, New Delhi
Tuesday, November 24, 2009
http://www.mydigitalfc.com/plan/india-plans-buy-more-gold-imf-410
Bank of England pension fund moves into inflation-protected bonds
Submitted by cpowell on Tue, 2009-11-24 23:32 Section: Daily DispatchesBank of England Pension Fund Shuns Gilts
By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, November 24, 2009
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6646330/...
Miners say they're running out of gold
Submitted by cpowell on Tue, 2009-11-24 22:57 Section: Daily DispatchesFrom Agence France-Presse
via Brisbane Times
Brisbane, Australia
Wednesday, November 25, 2009
http://www.brisbanetimes.com.au/business/miners-were-running-out-of-gold...
Gold production will continue to fall, despite a brief boost in 2009 and soaring prices, as deposits are exhausted and new discoveries remain elusive, say miners.
Mint said to have double-counted gold, underestimated 'shrinkage'
Submitted by cpowell on Tue, 2009-11-24 22:27 Section: Daily DispatchesFrom CTV News, Scarborough, Ontario
Tuesday, November 24, 2009
http://www.ctv.ca/servlet/ArticleNews/story/CTVNews/20091124/mint_myster...
RCMP have solved a bizarre mystery: How did $15.3 million in gold vanish from the Royal Canadian Mint? And while their report is still two weeks away, CTV News has learned the answer.
Royal Mint's gold 'wasn't stolen' -- maybe secretly leased?
Submitted by cpowell on Tue, 2009-11-24 21:58 Section: Daily DispatchesNo Theft at Mint: RCMP
By Ian Macleod
The Ottawa Citizen
Tuesday, October 24, 2009
http://www.ottawacitizen.com/news/theft+Mint+RCMP/2261182/story.html
James Saft: Push for auditing Fed aids gold rally
Submitted by cpowell on Tue, 2009-11-24 18:30 Section: Daily DispatchesBy James Saft
Reuters
Tuesday, November 24, 2009
http://www.reuters.com/article/americasRegulatoryNews/idUSN2326961920091124
Auditing the Federal Reserve may or may not be a good idea, but one thing seems pretty sure: just discussing it seriously will tend to drive the price of gold higher.
Peter Grandich: Gold is rising on more than dollar weakness
Submitted by cpowell on Tue, 2009-11-24 17:47 Section: Daily Dispatches5:45p ET Tuesday, November 24, 2009
Dear Friend of GATA and Gold:
FDIC insurance fund falls into red
Submitted by cpowell on Tue, 2009-11-24 17:22 Section: Daily DispatchesBy Karey Wutkowski
Reuters
Tuesday, November 24, 2009
http://www.reuters.com/article/ousivMolt/idUSTRE5AN36P20091124
WASHINGTON -- The government fund used to safeguard U.S. bank deposits tumbled to a negative balance of $8.2 billion as the number of problem banks surged in the third quarter.
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