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Daily Dispatches
Selling Italian reserves to close debt would be just 'a drop in the sea'
Submitted by cpowell on Wed, 2007-08-01 08:28 Section: Daily Dispatches8:30a ET Wednesday, August 1, 2007
Dear Friend of GATA and Gold:
More bogeymen contrived to try to scare the gold market
Submitted by cpowell on Tue, 2007-07-31 23:57 Section: Daily Dispatches11:55p ET Tuesday, July 31, 2007
Dear Friend of GATA and Gold:
Resource Investor's Jon A. Nones reports that Italy's government is considering selling its gold reserves in the name of reducing the national debt -- a grand new bogeyman to try to scare the gold market with.
Ted Butler sees 'an ugly new record'; and Paramount lists on AMEX
Submitted by cpowell on Tue, 2007-07-31 21:43 Section: Daily Dispatches9:40p ET Tuesday, July 31, 2007
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler reports that the price of silver was driven down last week only by the creation of the largest commercial short position on record. Butler's new commentary is titled "An Ugly New Record" and you can find it at GoldSeek's companion site, SilverSeek, here:
India, another rich country insisting on being poor -- until now, maybe
Submitted by cpowell on Mon, 2007-07-30 21:04 Section: Daily DispatchesNew Rules to Boost
India's Gold, Diamond Output
From Reuters
via Daily Times, Lahore, Pakistan
Tuesday, July 31, 2007
http://www.dailytimes.com.pk/default.asp?page=2007%5C07%5C31%5Cstory_31-...
Credit derivatives 'performing poorly' in crisis
Submitted by cpowell on Mon, 2007-07-30 20:26 Section: Daily DispatchesCredit Insurance Costs Soar to Record
By Stacy-Marie Ishmael and Gillian Tett
Financial Times, London
Monday, July 30, 2007
http://www.ft.com/cms/s/041c1122-3ed1-11dc-bfcf-0000779fd2ac.html
Anti-gold cartel's UBS plans fund to short commodities
Submitted by cpowell on Mon, 2007-07-30 20:16 Section: Daily DispatchesUBS to Launch New Product for Commodities
By Javier Blas
Financial Times, London
Monday, July 30, 2007
http://www.ft.com/cms/s/9c7d8216-3ed6-11dc-bfcf-0000779fd2ac.html
Gee, you think they might be trying to suppress gold?
Submitted by cpowell on Mon, 2007-07-30 15:02 Section: Daily Dispatches3p ET Monday, July 30, 2007
Dear Friend of GATA and Gold:
A writer for MineWeb, Lawrence Williams, notes in commentary posted yesterday that gold sales by the European Central Bank increasingly seem intended to prevent the gold price from breaking out and to support the dollar.
All together now: Uh-DUH!
Bundesbank looks to learn from its past
Submitted by cpowell on Sun, 2007-07-29 19:57 Section: Daily DispatchesBy Ralph Atkins
Financial Times, London
Sunday, July 29, 2007
http://www.ft.com/cms/s/6442812e-3de8-11dc-8f6a-0000779fd2ac.html
FRANKFURT, Germany -- Mervyn King, current governor of the Bank of England, was astonished on his first visit to the Bundesbank in the early 1990s, at least according to his host, Otmar Issing, then chief economist at Germany’s central bank.
An exchange with Jay Taylor about deflation
Submitted by cpowell on Sun, 2007-07-29 00:17 Section: Daily Dispatches12:16a ET Sunday, July 29, 2007
Dear Friend of GATA and Gold:
Newsletter writer and longtime GATA supporter Jay Taylor had an exchange with your secretary/treasurer about Saturday's GATA Dispatch on the chance of deflation. Taylor has kindly agreed to let his comments be distributed here, so they are appended, along with a few more comments from me.
Dan Norcini: Bullion bank efforts against gold reached record last week
Submitted by cpowell on Sat, 2007-07-28 23:26 Section: Daily DispatchesBy Dan Norcini
www.JSMineset.com
Friday, July 27, 2007
I mentioned last week that the commercial shorts (aka the perma gold shorts or the bullion banks) would have to absorb a tremendous amount of buying to keep gold from surging to $700, since the fund net long position was comparatively small by recent historical standards.
Well, guess what -- they did exactly that.
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