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Daily Dispatches
Ted Butler: Meet the new boss, same as the old boss?
Submitted by cpowell on Mon, 2008-09-29 16:22 Section: Daily Dispatches4:20p ET Monday, September 29, 2008
Dear Friend of GATA and Gold:
MiningMX takes note of GATA's work
Submitted by cpowell on Mon, 2008-09-29 16:06 Section: Daily Dispatches4p ET Monday, September 29, 2008
Dear Friend of GATA and Gold:
MiningMX takes note of GATA's work in a report filed by Allan Seccombe, "So Why Isn't the Gold Price Running?," here:
http://www.miningmx.com/gold_silver/771756.htm
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Join GATA here:
Toronto Resource Investment Conference
Private banks rethinking gold, could be next big buyers
Submitted by cpowell on Mon, 2008-09-29 08:31 Section: Daily DispatchesBy Jonathan Leff
Reuters
Monday, September 29, 2008
http://in.reuters.com/article/businessNews/idINIndia-35707320080929
KYOTO, Japan -- Private banks could be the next big buyers in the global gold market, helping drive prices higher as they consider restocking bullion bars that were sold off in calmer times, the top HSBC gold trader said on Monday.
Nouriel Roubini: Bailout benefits only banks and their unsecured creditors
Submitted by cpowell on Sun, 2008-09-28 21:11 Section: Daily DispatchesThere were many other options.
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By Nouriel Roubini
Roubini's Global EconoMonitor
Sunday, September 28, 2008
http://www.rgemonitor.com/blog/roubini/
Is purchasing $700 billion of toxic assets the best way to recapitalize the financial system? No. It is rather a disgrace and ripoff benefitting only the shareholders and unsecured creditors of banks.
Hedge funds grudgingly to reveal U.S. short positions
Submitted by cpowell on Sun, 2008-09-28 19:52 Section: Daily DispatchesBy Rachelle Younglai and Jennifer Ablan
Reuters
Sunday, September 28, 2008
http://www.reuters.com/article/marketsNews/idINN2630088120080928?rpc=44
Hedge fund managers are reluctantly preparing to disclose their short positions to U.S. regulators on Monday, a move set to give a rare public glimpse into their secretive trading strategies two weeks later.
Mints, refiners cut off gold, silver supplies, Irish dealer says
Submitted by cpowell on Sun, 2008-09-28 19:33 Section: Daily DispatchesGold and Silver Dealer Reports 'Unprecedented' Shortage of Metals
By David Clerkin
The Sunday Business Post, Dublin, Ireland
Sunday, September 28, 2008
http://www.thepost.ie/post/pages/p/story.aspx-qqqt=MARKETS-qqqm=nav-qqqi...
Traders, strategists expect central banks to prop dollar
Submitted by cpowell on Sun, 2008-09-28 19:16 Section: Daily DispatchesThey'll intervene in all markets except the precious metals markets, right?
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Expect Global Support for U.S. Dollar
From Bloomberg News
via The Age, Melbourne, Australia
Monday, September 29, 2008
http://business.theage.com.au/business/expect-global-support-for-us-doll...
European central banks cut sales of gold
Submitted by cpowell on Sun, 2008-09-28 16:46 Section: Daily DispatchesBy Javier Blas
Financial Times, London
Sunday, September 28, 2008
http://www.ft.com/cms/s/0/38c8d46c-8d7e-11dd-83d5-0000779fd18c.html
KYOTO, Japan -- European central banks have cut their sales of gold to the lowest level in almost a decade, reversing the practice of recent years when hefty sales helped depress prices.
Goldman Sachs faults NYTimes story on AIG exposure
Submitted by cpowell on Sun, 2008-09-28 16:34 Section: Daily DispatchesYes, everything must be fine at Goldman Sachs, as it was fine at Fannie Mae, Freddie Mac, Lehman Brothers, Enron, and the rest. That's why Goldman just converted to a bank with even greater borrowing rights at the Federal Reserve, right?
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By Jonathan Stempel
Reuters
Sunday, September 28, 2008
Other countries unlikely to buy U.S. bailout bonds, China banker says
Submitted by cpowell on Sun, 2008-09-28 09:37 Section: Daily DispatchesChinese Banker Predicts Weakened U.S. Dollar in Long Term
From Xinhua News Agency, Beijing
Sunday, September 28,2008
http://news.xinhuanet.com/english/2008-09/28/content_10128470.htm
TIANJIN, China -- The U.S. dollar will face short-term fluctuations and weaken in the long run, a leading Chinese banker predicted here on Sunday.