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May 15, 2010

THE GATA DISPATCH: Morgan analyst hints at need for unlimited paper gold. May 15th, 2010

Morgan analyst hints at need for unlimited paper gold

10:35a ET Saturday, May 15, 2010
Dear Friend of GATA and Gold:
In a research note published this week an analyst for JPMorgan Securities Inc., John Bridges, more or less explains why central banks hate gold -- for its being a competitor with their own forms of money.
The analyst, John Bridges, wrote: "A German banker once told us that gold normally trades like a commodity. However, when investors lose confidence in currencies, because the pool of gold is so much smaller than the pool of currencies, demand for gold can effectively become unlimited. We believe the European version of 'QE' [quantitative easing] is generating serious currency worries. ..."
That observation hints at why Western central banks and the International Monetary Fund backstop the London Bullion Market Association and the New York Commodities Exchange in their sales of unlimited and largely unbacked paper gold: so that the world may be deceived into thinking that the gold supply is a lot larger than it is, so the world is deprived of its traditional hedge against monetary debasement, and so potentially "unlimited" demand for gold can be met with unlimited supply of imaginary gold, thereby sustaining confidence in government currencies and the power of governments to inflate and reap the profits and power of the hidden tax of inflation.
You can find the Morgan gold report here:
http://www.gata.org/files/JPMorganGoldReport-05-11-2010.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
 Join GATA here:
World Resource Investment Conference
Sunday and Monday, June 6 and 7, 2010
Vancouver Convention Centre
Vancouver, British Columbia, Canada
http://www.cambridgehouse.ca/index.php/world-resource-investment-confere...

* * *
Support GATA by purchasing a colorful GATA T-shirt:
http://gata.org/tshirts
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
http://www.goldrush21.com/
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:

http://www.gata.org/node/16

THE GATA DISPATCH: Big commercial shorts cut silver positions, Butler tells King World News. May 15th, 2010

Big commercial shorts cut silver positions, Butler tells King World News

10:20a ET Saturday, May 15, 2010
Dear Friend of GATA and Gold (and Silver):
The big four commercial shorts in silver, including JPMorgan Chase, appear to have begun reducing their positions, silver market analyst Ted Butler reports today in his weekly interview with Eric King of King World News. Butler says this is very encouraging for silver investors. His interview is 7 minutes long and you can find it at the King World News Internet site here:
http://www.kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2010/...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Join GATA here: World Resource Investment Conference
Sunday and Monday, June 6 and 7, 2010
Vancouver Convention Centre
Vancouver, British Columbia, Canada
http://www.cambridgehouse.ca/index.php/world-resource-investment-confere...

* * *
Support GATA by purchasing a colorful GATA T-shirt:
http://gata.org/tshirts
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
http://www.goldrush21.com/
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
http://www.gata.org
To contribute to GATA, please visit:

http://www.gata.org/node/16

NYT: World and Business News. May 15th, 2010


WORLD

Thai Forces Move on Protesters as Tension Grows
By SETH MYDANS
At least sixteen people were killed in clashes as the military moved to seal off a broad area of the capital where antigovernment protesters have camped for weeks.

Zuma’s Frank Talk Starts AIDS Dialogue in South Africa
By CELIA W. DUGGER
President Jacob Zuma has been criticized for his personal behavior, but his anti-AIDS program is drawing praise.

G.I.’s Find Bullets Still Flying at Outpost in Iraq
By TIM ARANGO
Military commanders worry that an area in the north offers a glimpse of a post-American Sunni insurgency.

More World News

BUSINESS 

Google Says It Collected Private Data by Mistake
By BRAD STONE
The company said a programming error resulted in the collecting of snippets of data that happened to be transmitted over nonpassword protected Wi-Fi networks that the Google camera cars were passing.

Study Pokes Holes in Air Bag Standards
By JO CRAVEN McGINTY
A study suggests that new designs may place belted drivers at a greater risk than the air bags they replaced.

In Search of Adorable, as Hello Kitty Gets Closer to Goodbye
By HIROKO TABUCHI
As the adorable white cat’s popularity and profits wane, Sanrio looks for new characters with mixed results.

More Business News

MarketWatch : Weekly Roundup.- May 15th, 2010

MarketWatch
Weekly Roundup
MAY 15, 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 May 10-14:

Remodel your home for free? Sort of

A new online tool helps consumers test out remodeling ideas, or just dream about their home's possibilities -- for free. Amy Hoak reports.
 Watch Video Report.


Android tops iPhone in market share

The Android mobile operating system passed the Apple iPhone in terms of U.S. market share during the first quarter, according to a report issued Monday by the NPD Group. We discuss this development with Dan Gallagher.
 Watch Video Report.


Europe sets $955 billion rescue

The European Union agreed to an audacious $955 billion bailout plan to stanch a growing sovereign debt crisis that began in Greece and threatened financial markets world-wide. Markets responded very positively, rallying sharply in Europe and sending U.S. stock futures soaring. The euro also rose. Stephen Fidler, David Wessel, David Weidner and Mike Reid discuss.
 Watch Video Report.


Will this bailout be enough?

The great financial crisis keeps opening new acts just when it seems to be drawing to a close. David Wessel joins the News Hub and asks whether Europe's bailout will be enough.
 Watch Video Report.


Oil flowing like steam

Oil and gas stream from the riser of the Deepwater Horizon well May 11, 2010.
 Watch Video report.


Oil disaster blame game

BP, Transocean and Halliburton are set to blame each other in congressional hearings for last month's big oil-rig explosion and spill. Neil King, Bob O'Brien and Neal Lipschutz discuss. Also, Kara Scannell weighs in on congressional hearings intended to find out what caused Thursday's sudden market plunge.
 Watch Video Report.


The future of 401(k) plans

Target Date funds aren't disappearing despite the beating they took in the down market, says Lori Lucas, defined contribution practice leader, Callan Associates.
 Watch Video Report.


Record gold high hits markets and jewelers

Gold hit a record on Wednesday, thanks to persistent concerns about the sovereign debt problems sweeping through Europe. Claudia Assis and Steve Gelsi report on how the surge affected international markets and New York City's jewelry district.
 Watch Video Report.


New Adobe ads take aim at Apple

Adobe launched an advertising campaign Thursday that takes an unexpected tack in its ongoing feud with Apple: proclaiming, in huge letters, Adobe's love for the computer giant. Alan Murray and Walt Mossberg discuss this latest development.
 Watch Video Report.


Life left in bear-market rally

The stock market has a chance to hit new recovery highs until it tops out, with that halt potentially coming late this summer, according to Stockmarket Cycles editor and money manager Peter Eliades. Laura Mandaro reports.
 Watch Video Report.


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

See the week's 10 best Personal Finance stories.

Get the latest news on our mobile site: http://www.marketwatch.com/m

MarketWatch: Industry Financial Services: The week's top ten videos. May 15th, 2010

MarketWatch
  (INDUSTRY: FINANCIAL SERVICES)
Top Ten: The week's Top 10 videos on MarketWatch
By MarketWatch
5/15/2010 8:01:00 AM


In case you missed them, here are the top 10 videos that appeared on MarketWatch for the week of May 10-14: See full story

MarketWatch: This week's top personal Finance stories. May 15th, 2010

MarketWatch

Personal Finance Daily
MAY 15, 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 May 10-14:

Rescue your retirement from inflation's threat

The global recession had largely muzzled inflation's bite, but actions being taken to cure the developed world's economic ills could revive threats to bond investors and savers and spoil many Americans' retirement plans.
See Weekend Investor.


Secrets to help you manage your credit

A happy consequence of this Great Recession is that Americans are widely expected to be better consumers. That means we'll only take on loans that we can afford, pay off credit-card debt at the end of each month and sock money away. It also means our credit scores will reach what the industry calls super prime, the top score achievable.
See Jennifer Waters's Consumer Confidential.


How to fight back against a low home appraisal

A low appraisal can kill a home sale. "It's one of the more common reasons that transactions fall apart these days," said Tara-Nicholle Nelson, consumer educator for Trulia.com, a real-estate website, and a real-estate broker and attorney in the San Francisco area.
See Amy Hoak's Home Economics.


The long reach and high toll of mental-health problems

The weak economy and its accompanying tensions can test anyone's resilience. But for people who are prone to depression and related ills, it sometimes doesn't take much to upset a delicate balance.
Read Kristen Gerencher's Health Matters Blog.


What it takes to quit smoking

One in five Americans still smoke, but whether they are able to quit may depend on where they live.
See story on what it takes to quit smoking.


Staying healthy may cost you in retirement

Keeping healthy and fit when you retire should result in lower health-care costs, right? A new report says it's not so.
See Robert Powell.


Keep your distance from market volatility

A flurry of email hit last Thursday as the market was melting down. One missive captured the fear: "400 points and falling like a stone!!! What the hell am I supposed to do now?!?!?!"
See Chuck Jaffe.


New 'target band' funds aim to smooth ride down Wall Street

We have target-date funds. We have target-risk funds. We have absolute return funds. And now -- just in time for this year's market volatility -- introducing "target band" funds.
See Robert Powell's Your Portfolio.


Whether FDIC chief, senator or regular mom, balancing job and family isn't easy

This Mother's Day, moms across the nation got a chance, hopefully, to enjoy a relaxing day with their families. They deserve it: Time constraints and conflicting responsibilities make the successful juggling of work and family seem like a daily miracle.
See Diary of a Recession Baby.


Want to sell your gold jewelry? Proceed carefully

As gold prices touch record levels, consumers itching to cash in their gold jewelry should do so with caution: Gold diggers are around every corner.
See story on what you need to know about selling gold jewelry.

The Washington Post : Today's Highlights.- Europe feels the pain as cuts keep coming . May 15th, 2010


TODAY'S HIGHLIGHTS
Toyota had attack plan, records show
Toyota officials sought to develop a public relations campaign to attack the credibility of key witnesses who have testified before Congress about acceleration problems with the company's cars, according to documents provided to the House committee investigating the automaker.
(By Michael D. Shear and Peter Whoriskey, The Washington Post)

Obama's test: Contain oil spill and the fallout
FIERCE REBUKE OF EXECUTIVES
President calls for 'top-to-bottom reform'

(By Karen Tumulty and Juliet Eilperin, The Washington Post)

House Democrat calls out Republicans on earmarks
4 REPUBLICANS RREFUSE TO COMPLY
Oberstar complicates efforts by GOP on fiscal restraint

(By Carol D. Leonnig, The Washington Post)

Europe feels the pain as cuts keep coming
(By Howard Schneider, The Washington Post)

Anti-Islamic sentiments surface in wake of restrictions on veils
Anxious times for Muslims seeking to define themselves in adopted European homes
(By Edward Cody, The Washington Post)

More Today's Highlights


POLITICS
Obama's test: Contain oil spill and the fallout
The spreading environmental disaster in the Gulf of Mexico threatens to become a crisis of public confidence for President Obama, who stepped forward Friday to declare that "the system failed, and it failed badly," and included the federal government among those who "share that responsibility."
(By Karen Tumulty and Juliet Eilperin, The Washington Post)

Transgender bill worries some Democrats in tough election year
(By Mary Ann Akers, The Washington Post)

Union leader leaving with a mixed legacy
SEIU became a force under Stern, but critics cite spending, infighting
(By Alec MacGillis, The Washington Post)

House Democrat calls out Republicans on earmarks
4 REPUBLICANS RREFUSE TO COMPLY
Oberstar complicates efforts by GOP on fiscal restraint

(By Carol D. Leonnig, The Washington Post)

West Wing offers an inside view
White House video blog looks behind the scenes, but has its critics, too
(By Paul Farhi, The Washington Post)

More Politics


NATION
Union leader leaving with a mixed legacy
In celebrating her election last weekend to head the Service Employees International Union -- the nation's fastest-growing and most politically active labor organization -- Mary Kay Henry vowed to "build on the success" of Andrew L. Stern, the charismatic, ambitious labor leader who is taking his...
(By Alec MacGillis, The Washington Post)

Cordiality flows as Clinton meets British secretary
Hague seems eager to continue countries' 'special relationship'
(By Glenn Kessler, The Washington Post)

The 'invisible monster'
Depths of gulf oil spill's toxic consequences called 'unprecedented'
(By David A. Fahrenthold and Juliet Eilperin, The Washington Post)

Federal prosecutors are conducting a criminal probe in W.Va. mine explosion
(By Sam Hananel, The Washington Post)

West Wing offers an inside view
White House video blog looks behind the scenes, but has its critics, too
(By Paul Farhi, The Washington Post)

More Nation

WORLD
Anti-Islamic sentiments surface in wake of restrictions on veils
BRUSSELS -- Since she started wearing a full Islamic veil six weeks ago, Selma said, she has been stared at, frowned at, muttered to, mocked as a "ghost" and forced by a policeman to lift her veil to show her face.
(By Edward Cody, The Washington Post)

Manual recount of votes cast in Baghdad finds no evidence of fraud
(By Ernesto Londoño and Jinan Hussein, The Washington Post)

In today's China, it's Confucius 2.0
Leaders encourage revival, but with reservations
(By Andrew Higgins, The Washington Post)

In India, GM bypasses troubles
Rising wealth and financial incentives have young Indians racing to buy cars
(By Emily Wax, The Washington Post)

10 killed in clashes as Thai troops try to contain demonstrators
(By Tim Johnston, The Washington Post)

More World

METRO
Va. student charged in posting swastikas
It was mid-April when the administrative staff at Potomac High School in Prince William County first noticed Post-it-size swastika stickers showing up on school property, officials said Friday.
(By Jennifer Buske, The Washington Post)

Md. breeders can't afford to gamble
Fatter purses in slot machine states lure them away from the home of the Preakness
(By Ian Shapira, The Washington Post)

A long stand against sex abuse
Outside the Vatican Embassy, one man's protest has continued for 12 years
(By Eleanor Goldberg, The Washington Post)

A date with destiny
George Mason graduate overcomes hardships, blindness to fulfill a childhood dream
(By Hamil R. Harris, The Washington Post)

Stafford High graduate killed on duty in Afghanistan
(By Michael E. Ruane, The Washington Post)

More Metro


BUSINESS
In India, GM bypasses troubles
TALEGAON, INDIA -- Sparks fly and robotic machines buzz and hum. Assembly-line workers in coveralls, the sons of peanut and rice farmers, seal windshields and weld doors. They're making zippy little cars called Beat and Spark in the gleaming new General Motors plant here -- and they're making boa...
(By Emily Wax, The Washington Post)

Toyota had attack plan, records show
KEY WITNESSES TARGETED
Polling done after congressional testimony

(By Michael D. Shear and Peter Whoriskey, The Washington Post)

Europe feels the pain as cuts keep coming
(By Howard Schneider, The Washington Post)

U.S. stocks plummet, erasing some of week's gains
Investors fear rescue package won't contain debt crisis
(By Dina ElBoghdady, The Washington Post)

Retail sales top expectations on building-sector growth
Consumers optimistic, splurge on gardening, home improvement
(By Ylan Q. Mui, The Washington Post)

More Business


TECHNOLOGY
digest
Google said Friday that it has scooped up snippets of people's online activities broadcast over unprotected wireless networks during the past four years. The admission is likely to raise more worries about potential privacy breaches as Google gathers volumes of personal information through its...
(The Washington Post)

More Technology


SPORTS
Braden gives up hit in first, Angels beat A's, 4-0
ANAHEIM, Calif. -- Joe Saunders didn't have to be perfect to outpitch Dallas Braden. A four-hit shutout was just fine.
(AP)

Kemp's two-run homer lifts Dodgers over Padres, 4-3
(By BERNIE WILSON, AP)

Guthrie helps Orioles to third straight victory
Baltimore 8, Cleveland 1
(By Baltimore Sun, The Washington Post)

Terps' McFadden repeats as ACC's top player
(The Washington Post)

Flyers complete epic comeback with Game 7 victory over Bruins
Philadelphia 4, Boston 3
(By HOWARD ULMAN, AP)

More Sports

STYLE
Little 'Ladies' online pose a lot of questions
The signs are all there: The hip-grinding come-ons. Legs kicked up to the ear. Skin-baring lingerie.
(By Sarah Kaufman, The Washington Post)

In a dark political era, a family comes apart
(By Susan Shreve, The Washington Post)

Plaid to the bone
For Pearl Jam, the best days of grunge haven't passed by
(By Chris Richards, The Washington Post)

'Tactile Dinner': Lots to chew on
Interactive production gives Fringe Festival hit a savory second life
(By Celia Wren, The Washington Post)

'The Ramayana,' a divine inspiration
Peter Oswald's dramatized distillation dazzles with pageantry
(By Celia Wren, The Washington Post)

More Style



 

NYT : FGC BOLSA - FGC FINANCIAL MARKETS ALERTS.-Wall St. Slides, Fearing Return to a Recession . May 15th, 2010

The New York 
Times

May 15, 2010

                                        

My Alerts

  
Alert Name: FGC BOLSA - FGC FINA
May 15, 2010 Compiled: 12:37 AM

BUSINESS

Investors appeared worried that the problems in Europe could begin to drag the global economy back toward recession.