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Daily Dispatches

China urged to buy gold to hedge dollar decline

Section: Daily Dispatches

By Xiao Yu and Ron Harui
Bloomberg News
Friday, November 14, 2008

http://www.bloomberg.com/apps/news?pid=20601012&sid=aODaEiMnEoeI

China, the second-biggest overseas holder of U.S. Treasuries, should increase its bullion holding to diversify its reserves because the dollar may decline, the country's gold association said.

Chris Powell: Gold and silver market manipulation update

Section: Daily Dispatches

Remarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
New Orleans Marriott Hotel
Thursday, November 13, 2008

China reported planning big shift of FX reserves into gold

Section: Daily Dispatches

By Benjamin Scent
The Standard, Hong Kong
Friday, November 14, 2008

http://www.thestandard.com.hk/news_detail.asp?pp_cat=30&art_id=74335&sid...

The mainland is seriously considering a plan to diversify more of its massive foreign-exchange reserves into gold, a person familiar with the situation told The Standard.

Vindication for CFTC chairman who wanted to regulate derivatives

Section: Daily Dispatches

7p CT Thursday, November 13, 2008

Dear Friend of GATA and Gold:

Gold mining mergers on hold until share prices stabilize

Section: Daily Dispatches

By Eric Onstad
Reuters
Thursday, November 13, 2008

http://www.reuters.com/article/mergersNews/idUSB10905520081113

LONDON -- Small gold firms hit by the credit crisis and weak gold prices are keen for mergers with bigger rivals, but consolidation will likely have to wait until volatile share prices stabilise, company officials said on Thursday.

David Bond: A black market in silver, right out in the open

Section: Daily Dispatches

9:09p ET Tuesday, November 11, 2008

Dear Friend of GATA and Gold (and Silver):

From the Edelmetall & Rohstoffmesse precious and resource metals show in Munich, David Bond, editor of the Silver Valley Mining Journal, muses about the black market that has developed in the precious metals. Bond writes:

Goldman big winner in government's revised bailout of AIG

Section: Daily Dispatches

New AIG Rescue is Blessing for Banks

Buyers of Insurer's Default Swaps Would Recover Most of Their Money

By Serena Ng and Liam Pleven
The Wall Street Journal
Wednesday, November 12, 3008

Banks in the U.S. and abroad are among the biggest winners in the federal government's revamped $150 billion bailout of American International Group Inc.

Russia signals depreciation of ruble

Section: Daily Dispatches

By Charles Cloverin
Financial Times, London
Tuesday, November 11, 2008

http://www.ft.com/cms/s/0/161fc804-b023-11dd-a795-0000779fd18c.html

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