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Daily Dispatches
Gene Arensberg: If you want silver, not paper, you face a premium
Submitted by cpowell on Mon, 2008-04-21 21:45 Section: Daily Dispatches9:39p ET Monday, April 21, 2008
Dear Friend of GATA and Gold:
The new "Got Gold Report" of Gene Arensberg at Resource Investor notes that the paper silver market is failing to reflect the shortages of the retail silver market and that if you want real metal these days you have to pay a premium. You can find Arensberg's commentary, "Popular Silver Demand Surging in U.S.," here:
Intervention likely only if dollar falls too fast, analysts say
Submitted by cpowell on Mon, 2008-04-21 08:29 Section: Daily DispatchesBy Anchalee Worrachate
Bloomberg News Service
Monday, April 21, 2008
http://www.bloomberg.com/apps/news?pid=20601103&sid=aB586egEm0Pc
Traders betting on intervention by the Group of Seven nations to stem the dollar's 7.7 percent decline against the euro this year may be disappointed.
Bank of England unveils huge bond swap operation
Submitted by cpowell on Mon, 2008-04-21 08:08 Section: Daily DispatchesBy Chris Giles
Financial Times, London
Monday, April 21, 2008
http://www.ft.com/cms/s/0/316cfef4-0f80-11dd-8871-0000779fd2ac.html
The Bank of England introduced a huge new operation to ease the liquidity problems of Britain's banks on Monday morning, offering to swap difficult to sell mortgage-backed assets for Treasury bills.
Edwin Vieira Jr.: Silver and gold guarantee freedom
Submitted by cpowell on Sun, 2008-04-20 21:17 Section: Daily DispatchesAddress by Edwin Vieira Jr.
Gold Anti-Trust Action Committee Inc. conference
GATA Goes to Washington -- Anybody Seen Our Gold?
Hyatt Regency Crystal City Hotel, Arlington, Virginia
Friday, April 18, 2008
IMF may have no gold at all but Fed has gold secrets
Submitted by cpowell on Sat, 2008-04-19 01:37 Section: Daily Dispatches1:20a ET Saturday, April 19, 2008
Dear Friend of GATA and Gold:
Please note from the previous dispatch -- your secretary/treasurer's opening remarks at GATA's Washington conference yesterday (http://www.gata.org/node/6241) -- a couple of important disclosures.
Chris Powell: There are no markets anymore, just interventions
Submitted by cpowell on Sat, 2008-04-19 00:51 Section: Daily DispatchesRemarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
GATA Goes to Washington -- Anybody Seen Our Gold?
Hyatt Regency Crystal City Hotel, Arlington, Virginia
Friday, April 18, 2008
Bank of Russia starts buying gold directly from mines
Submitted by cpowell on Sat, 2008-04-19 00:10 Section: Daily Dispatches
From Interfax News Service
Friday, April 18, 2008
http://www.interfax.com/3/386119/news.aspx
MOSCOW -- For the first time, the Bank of Russia purchased gold for its international reserves from gold producers, a source in banking circles told Interfax.
Previously the central bank had always purchased gold on the interbank market.
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Help Keep GATA Going
To hide desperation for cash, banks may be falsifying interest rate reports
Submitted by cpowell on Fri, 2008-04-18 01:10 Section: Daily DispatchesBankers Cast Doubt on Key Interest Rate Amid Crisis
By Carrick Mollenkamp
The Wall Street Journal
Wednesday, April 16, 2008
LONDON -- One of the most important barometers of the world's financial health could be sending false signals.
How much gold do Vietnamese keep under their pillows?
Submitted by cpowell on Fri, 2008-04-18 00:51 Section: Daily DispatchesFrom Tuoi Tre
Ho Chi Minh City, Vietnam
Wednesday, April 16, 2008
http://english.vietnamnet.vn/biz/2008/04/778680/
It is estimated that some 600 tonnes of gold have been imported into Vietnam. Only a small part of the volume has been deposited at banks or crossed the borders again. How much gold are Vietnamese people keeping under their pillows then?
European authorities losing patience with collapsing dollar
Submitted by cpowell on Fri, 2008-04-18 00:32 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, April 18, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/04/18/cneuro...
Jean-Claude Juncker, the European Union's "Mr Euro," has given the clearest warning to date that the world authorities may take action to halt the collapse of the dollar and undercut commodity speculation by hedge funds.
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