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Daily Dispatches

Billionaire investor Ross sees bank failures ahead

Section: Daily Dispatches

From CNBC
Monday, March 10, 2008

http://www.cnbc.com/id/23557115/site/14081545

Billionaire investor Wilbur Ross says the current market downturn differs from previous slumps in that no
American banks have yet failed this time, but he suggests that's about to change.

James Turk: A record new low for the dollar

Section: Daily Dispatches

12:05p ET Monday, March 10, 2008

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk says there's an "eerie silence" as the U.S. dollar makes record lows, but those lows are there all the same. Turk's new analysis, "A Record New Low for the Dollar," can be found in the "Founder's Commentary" section in the third column of the GoldMoney home page here:

Gene Arensberg: Commercial gold and silver traders duck and cover

Section: Daily Dispatches

9:30p ET Sunday, March 9, 2008

Dear Friend of GATA and Gold:

Gene Arensberg's "Got Gold Report" at Resource Investor sees some evidence that the large commercial traders are covering short positions in gold and silver on the commodities exchange. You can find Arensberg's report, headlined "COMEX Commercial Gold, Silver Traders Duck and Cover," here:

David Morgan: Is silver the sleeper?

Section: Daily Dispatches

5:15p ET Saturday, March 8, 2008

Dear Friend of GATA and Gold:

Silver market analyst David Morgan of the Silver Investor letter does some informed musing on the white metal's price potential as the dollar-based international financial system unravels. Morgan's commentary is headlined "Is Silver the Sleeper?" and you can find it at GoldSeek's companion site, SilverSeek, here:

Dan Norcini: Silver longs again failed to go in for the kill

Section: Daily Dispatches

By Dan Norcini
www.JSMineSet.com
Friday, March 7, 2008

I mentioned last week that I would be eagerly awaiting today's release of the commitment of traders data so that we might perhaps get a better look at what is happening inside the gold and silver markets. You might want to reference the charts as you look this over.

Wall Street banks face 'systemic margin call,' Morgan warns

Section: Daily Dispatches

By Walden Siew
Reuters
Saturday, March 8, 2008

http://www.reuters.com/article/ousiv/idUSN0832645120080308

NEW YORK -- Wall Street banks are facing a "systemic margin call" that may deplete them of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase & Co. said in a report late on Friday.

Interest rate rift resembles one that led to 1987 market crash

Section: Daily Dispatches

U.S. Pins Economic Hopes
on $200 Billion Liquidity Boost

By Ambrose Evans-Pritchard
The Telegraph, London
Saturday, March 8, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/08/cnusfe...

Bad credit? No credit? Just call Fast Bennie at 202-775-0946

Section: Daily Dispatches

He just wants to get you a loan.

* * *

Fed Takes New Steps on Credit Crisis

By Jeannine Aversa
Associated Press
via Yahoo News
Friday, March 7, 2008

http://news.yahoo.com/s/ap/20080307/ap_on_bi_ge/fed_credit_crisis;_ylt=A...

IMF reform is a serious hurdle to gold sales

Section: Daily Dispatches

By Thomson Financial
via Forbes Magazine
Friday, March 7, 2008

http://www.forbes.com/markets/feeds/afx/2008/03/07/afx4747406.html

WASHINGTON -- When the Bush administration said in February that it could support the sale of a large chunk of the International Monetary Fund's gold supplies, gold prices fell a bit as investors saw the possibility of increased supply.

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