Daily Dispatches

2:53p ET Friday, October 17, 2008

Dear Friend of GATA and Gold:

MineWeb's Lawrence Williams interviews Jeff Nichols of American Precious Metals advisers about gold's decline on the commodities exchanges even as demand for the metal explodes, and they come up with a likely explanation -- heavy surreptitious gold leasing by central banks.

Governments Step Up Credit Fight; Banks Line Up at Fed

By Jamie McGeever and Richard Leong
Reuters
Thursday, October 16, 2008

http://www.reuters.com/article/gc06/idUSTRE49F9H220081016

LONDON -- Most interbank lending rates fell on Thursday in the wake of more steps by central banks to provide funds, improve bank balance sheets, and open up credit lines to cash-strapped institutions.

By Rachel Graham
Bloomberg News
Wednesday, October 15, 2008

http://www.bloomberg.com/apps/news?pid=20601085&sid=aC3aEDKR2XPs

Zuercher Kantonalbank, the Swiss lender that manages about $107 billion, said its gold vault is full after a surge in demand from investors seeking a haven during the credit crunch.

By Marcy Gordon
Associated Press
via Yahoo News
Tuesday, October 14, 2008

http://biz.yahoo.com/ap/081014/fdic_bank_guarantees.html?.v=3

WASHINGTON -- The government may guarantee nearly $2 trillion in U.S. banks' debt and deposit accounts for more than three years in an effort to break the crippling logjam in bank-to-bank lending.