Meltdown News for Thursday, November 9th

Gold Prices May Spike

Within the gold complex, there is a disparity between the paper market and the physical market, notes Jurg Kiener, CEO of Swiss Asia Capital. He tells CNBC's Maura Fogarty & Rebecca Meehan that if the paper market collapses, gold prices may double very quickly.

http://www.cnbc.com/id/15840232?video=880574352

 Iceland FSA Takes Over Kaupthing in Banking Meltdown (Update1)

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=aL2emLvgCwb8

 Libor Dollar Rate Jumps to Highest in Year; Credit Stays Frozen

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=aYSYBqZHENF8

 Paulson Signals U.S. May Invest in Banks to Shore Up Confidence

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=au4PnE_L1TCQ


 Iceland Takes Over Kaupthing as Biggest Banks Fail (Update2)

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=a6s61daCJ2Ko

 Bernanke, Paulson Seek Global Help as Crisis Swamps U.S. Steps

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=aayXiKk6ympQ

 Libor Holds Central Banks Hostage as Credit Freezes (Update1)

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=aAm0SVGQnyFU

 Fear Trumps Greed as Market Woes Paralyze Economies (Update1)

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=ajZg6dFyhnpk

 BlackRock, Pimco Submit Bids to Manage Treasury Bailout Assets

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=adHDI3vPN93c

 RBS's Credibility `Shot to Bits' Since ABN Amro Deal (Update2)

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=aQ0wsKyepjQY

 Overnight CP Rates Drop on Global Rate Cut, Fed Backstop Plan

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=aPM1_vs3UHUQ

 Libor Dollar Rate Jumps to Highest in Year; Credit Stays Frozen

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=aYSYBqZHENF8

 Asia's Stocks, Index Futures Decline on Credit, Demand Concerns

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=a9ZCVokTb.SE

 Fear Trumps Greed as Market Woes Paralyze Economies (Update1)

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=ajZg6dFyhnpk

 IBM Plans Its Biggest Bond Sale With $4 Billion in Offerings

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=a.zccD9B_w9g

 U.S. Treasury May Buy Stakes in Banks Within Weeks (Update2)

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=aSMUGdLwS67k

 Libor Dollar Rate Jumps to Highest in Year; Credit Stays Frozen

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

 GM Falls to Lowest Since 1950; S&P May Cut Rating (Update1)

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

 Mutual Fund Withdrawals a Record as Investors Flee (Update1)

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

 U.S. Stocks Tumble, Sending Dow Below 9,000; GM, Insurers Slide

http://www.bloomberg.com/apps/news?pid=email_en&refer=home&sid=aDRetp2GpqeI