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Mar 6, 2010

GATA DISPATCHES. March 6th, 2010

I.- Gold is decade's best-performing investment

By Myra Butterworth
The Telegraph, London
Saturday, March 6, 2010
Gold has proved to be the best value investment over the last 10 years, new research has disclosed.
The price of the precious metal rose 277 per cent during the past decade, with investors particularly attracted to gold during the recession as they sought a safe haven for their money.
Overall, gold, silver, and platinum increased in value by 242 per cent between December 1999 and December 2009, the equivalent of an average annual return of 13.1 per cent.
It means precious metals outpaced inflation, which has increased by 30 per cent during the decade or by an average 2.7 per cent a year.
Gold saw the biggest rise over the decade at 277 per cent, followed by platinum at 230 per cent and silver at 227 per cent.
Despite the slump in the housing market in the past two years, property has produced the second highest return after previous metals during the past decade of 187 per cent or 11.1 per cent a year, according to the findings by Halifax.
Shares saw an average return of just 18 per cent over the decade, while cash returned 57 per cent. It comes despite savers seeing their rates of return plummet to record lows after the Bank of England cut interest rates to just 0.5 per cent a year ago.
Suren Thiru, an economist at Halifax, said: "Precious metals were the top-performing asset during the noughties, largely reflecting increased demand from China and India for industrial uses and jewellery."
He said that the prospects for prices of investments such as gold and property will be driven in the year to come by the extent and pace with which UK and global economic conditions improve.
"Monetary and fiscal policy decisions, the outcome of the general election, and the strength of demand from China and India are all likely to be important determinants in 2010," he said.

II.- Morgan not yet going short again against metals rally, Butler tells King:


10:45a ET Saturday, March 6, 2010
Dear Friend of GATA and Gold (and Silver):
Metals market analyst Ted Butler says the structure of the futures market in gold and silver is supremely bullish as JPMorgan Chase has not yet begun selling short against the new rally, which, as a result, Butler says, may have a long way to go. Butler comments in his weekly interview with Eric King of King World News, which you can find here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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The New York Times

March 6, 2010


My Alerts


March 6, 2010 Compiled: 12:47 AM






MarketWatch: Personal Finance Daily: March 6th, 2010


Personal Finance Daily
MARCH 06, 2010

This week's top Personal Finance stories

By MarketWatch

In case you missed them, here are the top 10 Personal Finance stories from MarketWatch for the week of March 1-5:

The 10 Oscar movies you must have in your DVD bin

We'll know Sunday night whether it is "Avatar" or "The Hurt Locker" or a long shot that takes home Best Picture honors at this year's Oscar awards. But it will still be a while before we know if that winner is a film that will stand with the best of all time.
See Media Report.

Mutual funds dramatically lag Berkshire stock during chairman's tenure

Many investors can only look on with envy when Warren Buffett says his shareholders have seen 20% annualized gains over the past 45 years -- even the best mutual funds pale by comparison.
See FundWatch.

Some fund firms shredded investor wealth in decade

To learn that your mutual-fund firm's lineup posted negative returns over a decade is one thing; to realize that almost $60 billion of investors' wealth was wiped out is another matter entirely.
See FundWatch.

More consumers are choosing to pay credit cards rather than their mortgage

U.S. consumers are starting to look like a frugal, debt-fearing lot as they pay down billions of dollars in credit-card obligations. But an alarming trend is emerging: A small but growing number of people are skipping mortgage payments in favor of paying their credit-card bills.
See story on consumers paying down credit cards before mortgages.

Socked by health-insurance rate hikes and fighting back

Charlie Lichtman is on a crusade to lower his health-care costs and a quest for answers as to why they're so high in the first place. He's one of many Californians who recently received notice that his health-plan premiums were about to jump by more than a third.
See Vital Signs.

Going wireless with your health care

Each night before lying down to sleep in the cab of his semi, David Jesse straps a blood pressure cuff on his arm. The reading goes straight to his HealthPAL, a cell-phone-sized transmitter.
See Health Care.

When you should leave home-improvement projects to the experts

Eager to save money, homeowners are more willing to get their hands dirty with home-improvement projects these days. But the DIY route isn't always the safest or cheapest.
See Real Estate.

Overqualified? Don't let that stop your job search

He's worked in construction for almost two decades, and Maurice Paul can't get a job as a cashier at Home Depot. "I went in for the interview, and followed up a week later, and the person said I was too qualified," Paul said. "They were looking at me as if I'm gonna leave as soon as I can get a better job. And in all honestly, that's what I would have done."
See story on job-search tips.

Financial advisers split on whether proposed 401(k), IRA rules help or hurt investors

If the U.S. Labor Department has its way, the rules governing who can give Americans investment advice about their 401(k)s and IRAs, and how that advice gets delivered and paid for, soon will change. But financial advisers and others disagree dramatically on whether the proposed rules will help or harm investors.
See Robert Powell.

Four tech innovations that could make or break their companies' shares

Like the fashion industry and Hollywood, the technology sector relies on new products to create a buzz and boost company sales and earnings.
See Weekend Investor.

MarketWatch: Weekly Roundup/ The weekl's top Videos

Weekly Roundup
MARCH 06, 2010

The week's top videos

By MarketWatch

In case you missed them, here are the top 10 videos that appeared on MarketWatch for the week of March 1-5:

Nano Retina promises sight restoration

Nano Retina, maker of the bio retina, promises to restore sight to blind patients with an operation lasting just 30 minutes, says Yossi Gross, chief technology officer of Rainbow Medical, an Israeli investment firm.
 Watch Video Report.

Sneak peek: Mini's new SUV

The Countryman, Mini's new SUV aimed at American families, will debut at the Geneva Auto Show. WSJ. Magazine got an exclusive look at the compact car, which will be featured in the upcoming issue of the magazine, out March 13.
 Watch Video Report.

Amateur video of the tsunami in Chile

Amateur footage obtained by AFPTV shows a tsunami on the Chilean coast after a devastating earthquake on Feb. 27.
 Watch Video Report.

Chile quake caught on surveillance camera

Chile is assessing the damage from one of world's largest earthquakes in a century.
 Watch Video Report.

The latest tech trends for your home

Soon you'll be able to watch 3D movies on your television, then use the same TV to communicate with friends via Skype and to adjust your home's thermostat. MarketWatch's Amy Hoak reports on the top home-tech trends on the horizon.
 Watch Video Report.

Who will win late-night TV war?

Jay Leno has returned to late-night television. But will he win the ratings battle? Jon Friedman shares his thoughts in the News Hub.
 Watch Video Report.

How to keep a massive cruise ship afloat

Royal Caribbean's Oasis of the Seas is the biggest luxury ship of its kind, catering to the needs of thousands of passengers. Sarah Nassauer has more on how the crew does it.
 Watch Video Report.

Greece on the brink: Anatomy of a debt crisis

A wakeup call for Greece and the euro. Andy Jordan and Joe Parkinson report from Athens on the threat of a potentially contagious debt crisis and the moral hazard of bailing out a country with bad fiscal habits.
 Watch Video Report.

Personal Finance Minute: Filing taxes on your own

MarketWatch Personal Finance Editor Andrea Coombes shares tips for self-help tax filers, including saving money while avoiding mistakes.
 Watch Video Report.

Apple shares look cheap

Fox Business anchor Cody Willard explains to Simon Constable why Apple stock looks like a bargain.
 Watch Video Report.

See the week's Top 10 news and analysis stories.

See the week's 10 best Personal Finance stories.

FDIC : Bank Closings

 1.- Bank Closing - Bank of Illinois, Normal, IL
On Friday, March 5, 2010, Bank of Illinois, (CERT #9268), Normal, IL was closed by the Illinois Department of Financial and Professional Regulation, Division of Banking. All deposits, excluding certain brokered deposits, were transferred to the acquiring institution; for further information, please visit the FDIC web site: Bank of Illinois ( 

2.-Bank Closing - Waterfield Bank, Germantown, MD
On March 5, 2010, the FDIC was named as Receiver for Waterfield Bank, (CERT # 34976), Germantown, MD by the Office of Thrift Supervision. An assuming bank could not be located. Therefore, the FDIC will fulfill its obligation to Waterfield Bank depositors by mailing checks for their insured certificates of deposit and individual retirement accounts. The bank facilities will reopen on Monday, March 8, 2010 as Waterfield Bank, FA, a special financial institution organized by the FDIC that enables depositors of the former Waterfield Bank to conduct most of their banking business until they transfer their deposits to another financial institution. For further information, please visit the FDIC web site: Waterfield Bank (
3.-Bank Closing - Sun American Bank, Boca Raton, FL
On Friday, March 5, 2010, Sun American Bank, (CERT #27126), Boca Raton, FL was closed by the Florida Office of Financial Regulation. All deposits, excluding certain brokered deposits, were transferred to the acquiring institution; for further information, please visit the FDIC web site: Sun American Bank (