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Daily Dispatches
David Morgan: Nothing beats gold and silver in hand
Submitted by cpowell on Thu, 2008-03-13 22:11 Section: Daily Dispatches10:03p ET Thursday, March 13, 2008
Dear Friend of GATA and Gold:
Two financial houses are expecting currency intervention
Submitted by cpowell on Thu, 2008-03-13 21:57 Section: Daily DispatchesOr should that read 'praying for' intervention?
... As if the central banks haven't been
intervening in the markets every day for
years now!
* * *
By John Fraher and Simon Kennedy
Bloomberg News Service
Thursday, March 13, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aOg5ATtR4yto&refer=home
At least there's SOMETHING in Ethiopia's gold vault
Submitted by cpowell on Thu, 2008-03-13 21:46 Section: Daily DispatchesWhat's in yours, Secretary Paulson?
* * *
By Elizabeth Blunt
British Broadcasting Corp.
Thursday, March 13, 2008
http://news.bbc.co.uk/2/hi/africa/7294665.stm
ADDIS ABABA -- Ethiopia's national bank has been told to inspect all the gold in its vaults to determine its authenticity.
ECB urged to rig currency market, just like gold market
Submitted by cpowell on Thu, 2008-03-13 16:37 Section: Daily DispatchesTime for the ECB to Start Buying Dollars
By Lionel Laurent
Forbes magazine
Thursday, March 13, 2008
http://www.forbes.com/2008/03/13/bofinger-dollar-euro-face-markets-cx_ll...
Germany remains unlikely to sell gold reserves
Submitted by cpowell on Wed, 2008-03-12 15:30 Section: Daily DispatchesBy Krista Hughes
Reuters
via The Guardian, London
Tuesday, March 11, 2008
http://www.guardian.co.uk/feedarticle?id=7375180
FRANKFURT -- Germany's Bundesbank will probably hold on to the vast bulk of its gold reserves in the next year of the central bank gold agreement, beginning in September, central bank president Axel Weber said on Tuesday.
Fed begins monetizing everybody's busted mortgages
Submitted by cpowell on Tue, 2008-03-11 23:47 Section: Daily DispatchesDramatic Fed Move to Unlock Markets
By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, March 13, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/12/nfed11...
Fed in a desperate race with the spectre of collapse
Submitted by cpowell on Tue, 2008-03-11 23:35 Section: Daily DispatchesBy Damian Reece
The Telegraph, London
Wednesday, March 12, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/12/ccom11...
Will gold catch oil? And silver soars without short covering
Submitted by cpowell on Tue, 2008-03-11 23:08 Section: Daily Dispatches11p ET Tuesday, March 11, 2008
Dear Friend of GATA and Gold:
U.S. Treasuries riskier than German debt, default swaps say
Submitted by cpowell on Tue, 2008-03-11 15:23 Section: Daily DispatchesBy Abigail Moses
Bloomberg News Service
Tuesday, March 11, 2008
http://www.bloomberg.com/apps/news?pid=20601103&sid=aVl4JGYmkX0M&refer=us
LONDON -- The risk of losses on U.S. Treasury notes exceeded German bunds for the first time ever amid investor concern the subprime mortgage crisis is sapping government reserves, credit-default swaps prices show.
Sovereign funds soon may surpass official foreign reserves
Submitted by cpowell on Tue, 2008-03-11 15:07 Section: Daily DispatchesBy Vivianne Rodrigues
Reuters
Tuesday, March 11, 2008
http://www.reuters.com/article/ousiv/idUSN1160324820080311
NEW YORK -- Sovereign wealth fund assets may soon surpass total official foreign reserves held by central banks and become the main vehicle for capital investment, a Morgan Stanley economist said on Tuesday.
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