Daily Dispatches

U.S. backs plan for IMF to sell some gold

Submitted by cpowell on Mon, 2008-02-25 15:33 Section: Daily Dispatches

By John Brinsley
Bloomberg News Service
Monday, February 25, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSBpoKjIItWc&refer=home

WASHINGTON -- The U.S. Treasury, in a policy reversal, backed an International Monetary Fund plan to sell some of the lender's $98 billion in gold reserves to help make up for a decline in revenue.

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A precious metals that's not just an investment but a worldview too

Submitted by cpowell on Mon, 2008-02-25 08:18 Section: Daily Dispatches

By Rob Baedeker
San Francisco Chronicle
Monday, February 25, 2008

http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2008/02/25/moneytales.DTL

Last week gold hit a record high of $958.40 an ounce. In 1959 the average price of gold was around $35 an ounce. That's the year Burton Blumert opened his Camino Coin Co. in Burlingame.

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James Turk: More solid gains for the precious metals

Submitted by cpowell on Sun, 2008-02-24 12:44 Section: Daily Dispatches

12:40p ET Sunday, February 24, 2008

Dear Friend of GATA and Gold:

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Banks lose to deadbeat homeowners as loans sold in bonds vanish

Submitted by cpowell on Sun, 2008-02-24 12:33 Section: Daily Dispatches

12:25p ET Sunday, February 24, 2008

Dear Friend of GATA and Gold:

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Jason Hommel documents Barrick's continuing huge gold short

Submitted by cpowell on Sat, 2008-02-23 15:19 Section: Daily Dispatches

3:20p ET Saturday, February 23, 2008

Dear Friend of GATA and Gold:

Silver Stock Report editor Jason Hommel has dug through the financial reports of Barrick Gold to verify the huge continuing short position in gold the company seems to be trying hard to conceal. Hommel's analysis is headlined "Sell Barrick, A Sneaky Hedger," and you can find it at the Silver Stock Report site here:

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Casey Research conference will include GATA perspective

Submitted by cpowell on Fri, 2008-02-22 19:09 Section: Daily Dispatches

7p ET Friday, February 22, 2008

Dear Friend of GATA and Gold:

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Commerce Department relents, will continue site with economic indicators

Submitted by cpowell on Fri, 2008-02-22 18:55 Section: Daily Dispatches

6:49p ET Friday, February 22, 2008

Dear Friend of GATA and Gold:

The Center for American Progress, which reported two weeks ago that the U.S. Commerce Department was discontinuing its Internet site collecting the government's economic indicators in one place, reported Thursday that the department has relented and will preserve and improve the site. You can read about it here:

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Peter Schiff: Inflation is America's greatest export

Submitted by cpowell on Fri, 2008-02-22 18:43 Section: Daily Dispatches

6:42p ET Friday, February 22, 2008

Dear Friend of GATA and Gold:

Peter Schiff of Euro-Pacific Capital has written a wonderful explanation of the world's political economy. Schiff's essay is titled "Inflation: America's Greatest Export," and you can find it at GoldSeek here:

http://news.goldseek.com/EuroCapital/1203701272.php

And at 24hGold here: