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Daily Dispatches
Barrick settles securities fraud lawsuit over hedging
Submitted by cpowell on Mon, 2009-03-16 18:45 Section: Daily DispatchesBy Joe Schneider
Bloomberg News
Monday, March 16, 2009
http://www.bloomberg.com/apps/news?pid=20601082&sid=a1OX8PmX9Q.s&
Barrick Gold Corp., the world's biggest gold producer, agreed to settle a lawsuit alleging it misled investors by claiming that its hedging program wouldn't hurt profits as gold prices rose.
Al Korelin interviews GATA's Adrian Douglas on gold
Submitted by cpowell on Mon, 2009-03-16 16:52 Section: Daily Dispatches4:49p ET Monday, March 16, 2009
Dear Friend of GATA and Gold:
Al Korelin's weekly radio program, the Korelin Economics Report, has interviewed GATA board member Adrian Douglas, editor of the Market Force Analysis letter, about why Douglas thinks gold will continue to rise. You can listen to the interview here:
Bank of England warns of fevered tension in banking system
Submitted by cpowell on Mon, 2009-03-16 16:05 Section: Daily DispatchesBy Edmund Conway
The Telegraph, London
Monday, March 16, 2009
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4996806...
Tensions in the financial system are approaching the fever pitch they reached before the collapse of Lehman Brothers last October, the Bank of England has warned.
Ted Butler: Crunch time for silver?
Submitted by cpowell on Mon, 2009-03-16 14:55 Section: Daily Dispatches2:51p ET Monday, March 16, 2009
Dear Friend of GATA and Gold (and Silver):
UK's Royal Mint is top prospect for privatization
Submitted by cpowell on Mon, 2009-03-16 11:47 Section: Daily DispatchesBy Samantha Pearson
Financial Times, London
Sunday, March 15, 2009
http://www.ft.com/cms/s/0/d4eee5a2-1190-11de-87b1-0000779fd2ac.html?
The Royal Mint, which manufactures coins for the UK and over 50 other countries, has moved to the top of the government's privatisation list as it looks for ways to ease the huge pressure on public finances in the wake of the banking crisis.
Russia wants new international reserve currency
Submitted by cpowell on Mon, 2009-03-16 11:22 Section: Daily DispatchesRussia Proposes Macro-economic, Budget Standards to G-20
From Russian News and Information Agency
RIA Novosti, Moscow
Monday, March 16, 2009
China lost billions buying stocks just before crash
Submitted by cpowell on Mon, 2009-03-16 11:05 Section: Daily DispatchesChina Lost Billions in Diversity Drive
By Jamil Anderlini
Financial Times, London
Sunday, March 15, 2009
http://www.ft.com/cms/s/0/11fa4136-119f-11de-87b1-0000779fd2ac.html
BEIJING -- China has lost tens of billions of dollars of its foreign exchange reserves through a poorly timed diversification into global equities just before world markets collapsed last year.
James Turk: Extraordinary stress in the silver market
Submitted by cpowell on Sun, 2009-03-15 21:13 Section: Daily Dispatches9:05p ET Sunday, March 15, 2009
Dear Friend of GATA and Gold (and Silver):
GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, reports tonight that the silver market has been in backwardation for 38 days, which he believes is unprecedented and signifies enormous stress in the market -- a serious shortage.
U.S. Mint suspends production of more gold and silver coins
Submitted by cpowell on Sat, 2009-03-14 16:23 Section: Daily Dispatches4:20p ET Saturday, March 14, 2009
Dear Friend of GATA and Gold (and Silver):
Another big story on gold omits most important parts
Submitted by cpowell on Sat, 2009-03-14 10:55 Section: Daily Dispatches10:52a ET Saturday, March 14, 2009
Dear Friend of GATA and Gold:
If one is going to criticize reporting and commentary about the gold market, one is likely to have to spend every waking moment doing it. But the story from London's Telegraph that is appended here may be especially provocative. For example:
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