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Daily Dispatches
A trillion in debt monetization on way from Fed
Submitted by cpowell on Wed, 2009-03-18 20:41 Section: Daily DispatchesFed Launches Bold $1.2 Trillion Effort to Revive Economy
By Jeannine Aversa
Associated Press
via Yahoo News
Wednesday, March 18, 2009
http://news.yahoo.com/s/ap/20090319/ap_on_bi_ge/fed_interest_rates
With all that thin-air money, gold alone needs to be sold
Submitted by cpowell on Wed, 2009-03-18 13:45 Section: Daily Dispatches1:45p ET Wednesday, March 18, 2009
Dear Friend of GATA and Gold:
China's purchase of Treasuries to fall with trade surplus
Submitted by cpowell on Wed, 2009-03-18 08:45 Section: Daily DispatchesBy Wang Xu
China Daily, Beijing
Wednesday, March 18, 2009
http://www.chinadaily.com.cn/china/2009-03/18/content_7588430.htm
Holdings of US Treasury bonds rose in January, but the increase is the slightest since last June, indicating that China's appetite for the securities is set to diminish as a result of the falling trade surplus and rising concern over investment security.
Patrick Heller: Gold price manipulation more blatant
Submitted by cpowell on Wed, 2009-03-18 08:31 Section: Daily Dispatches8:30a ET Wednesday, March 18, 2009
Dear Friend of GATA and Gold:
Goldman's share of AIG money draws fire
Submitted by cpowell on Wed, 2009-03-18 08:25 Section: Daily DispatchesBy Paritosh Bansal
Reuters
Wednesday, March 18, 2009
http://www.reuters.com/article/ousiv/idUSTRE52H0B520090318?virtualBrandC...
NEW YORK -- American International Group funneled over $90 billion of taxpayer bailout funds to various U.S. and European banks, but the biggest beneficiary was politically connected Goldman Sachs Group Inc.
Ecuador lifts mining bans on Kinross, Corriente
Submitted by cpowell on Tue, 2009-03-17 22:55 Section: Daily DispatchesBy Pablo Gaete
Business News Americas, Santiago, Chile
Tuesday, March 17, 2009
http://www.bnamericas.com/news/mining/Govt_officially_lifts_mining_ban_o...
Canadian miners Kinross Gold and Corriente Resources have received official letters from the Ecuadorian government lifting their mining bans and allowing them to resume operations immediately.
Investment firm buys 11% stake in AngloGold Ashanti
Submitted by cpowell on Tue, 2009-03-17 22:41 Section: Daily DispatchesBy Saijel Kishan and Thomas Biesheuvel
Bloomberg News
Tuesday, March 17, 2009
http://www.bloomberg.com/apps/news?pid=20601080&sid=amv2YqPURyNI
Paulson & Co., the New York-based investment firm run by John Paulson, bought a stake in AngloGold Ashanti Ltd. from Anglo American Plc for $1.28 billion as hedge funds increase their gold holdings.
Crisis changes central bank reserve management
Submitted by cpowell on Tue, 2009-03-17 22:30 Section: Daily DispatchesBy Jamie McGeever
Reuters
Tuesday, March 17, 2009
http://www.reuters.com/article/ousiv/idUSTRE52H02420090318
LONDON -- Global financial turmoil has had a "major" impact on the reserve management policies of two thirds of central banks and almost all are rethinking diversification tactics, a survey showed on Wednesday.
Barrick to pay $24 million to settle fraud lawsuit
Submitted by cpowell on Tue, 2009-03-17 13:21 Section: Daily DispatchesBy Joe Schneider
Bloomberg News
Tuesday, March 17, 2009
http://www.bloomberg.com/apps/news?pid=20601082&sid=a1Rspdod3FLI&
Barrick Gold Corp., the world's biggest gold producer, will pay $24 million to settle a lawsuit in which investors claimed the company misled them by saying a hedging program didn't hurt profits as gold prices rose.
IMF urged to flood world with global super-currency
Submitted by cpowell on Tue, 2009-03-17 10:30 Section: Daily DispatchesBy Edmund Conway
The Telegraph, London
Monday, March 16, 2009
http://www.telegraph.co.uk/finance/financetopics/recession/4986287/IMF-p...
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