Daily Dispatches

Dollar drop puts UAE at 'crossroads' on currency link

Submitted by cpowell on Tue, 2007-11-13 13:00 Section: Daily Dispatches

By Matthew Brown
Bloomberg News Service
Tuesday, November 13, 2007

http://www.bloomberg.com/apps/news?pid=20601083&sid=aw0Fnv46l3Cg&refer=c...

DUBAI -- The United Arab Emirates may drop the dirham's peg to the dollar after the country's central bank governor indicated that the weakening U.S. currency was forcing him to rethink its currency policy, analysts said.

Read more about Dollar drop puts UAE at 'crossroads' on currency link

Redburn Partners vindicates GATA in 'Gold War' report

Submitted by cpowell on Tue, 2007-11-13 09:03 Section: Daily Dispatches

12:10p ET Tuesday, November 13, 2007

Dear Friend of GATA and Gold:

Read more about Redburn Partners vindicates GATA in 'Gold War' report

Let 'em eat banknotes: British food prices soar

Submitted by cpowell on Mon, 2007-11-12 22:48 Section: Daily Dispatches

Fastest Rise in Food Prices in 14 Years

By Harry Wallop
The Telegraph, London
Tuesday, November 13, 2007

http://www.telegraph.co.uk/news/main.jhtml;jsessionid=2U3VCEFDE1WZBQFIQM...

Food prices are increasing at their highest rate for more than a decade, official figures showed yesterday.

Read more about Let 'em eat banknotes: British food prices soar

No free market here: Japan threatens currency speculators

Submitted by cpowell on Mon, 2007-11-12 22:25 Section: Daily Dispatches

Fukuda Warns on Rapid Rise in Yen

By David Pilling
Financial Times, London
Monday, November 12, 2007

http://www.ft.com/cms/s/0/a7a70b58-914c-11dc-9590-0000779fd2ac.html

TOKYO -- The yen is appreciating "too fast" and speculators need to "be careful," Yasuo Fukuda, Japan's prime minister, warned in an interview with the Financial Times on Monday.

Read more about No free market here: Japan threatens currency speculators

E*Trade sinks 59% on losses and fear of bankruptcy

Submitted by cpowell on Mon, 2007-11-12 18:50 Section: Daily Dispatches

By Anupreeta Das
Reuters
via Yahoo News
Monday, November 12, 2007

http://news.yahoo.com/s/nm/20071112/bs_nm/etrade_shares_dc;_ylt=AtlM1wZc...

Read more about E*Trade sinks 59% on losses and fear of bankruptcy

Did the central banks REALLY 'blow it' with gold?

Submitted by cpowell on Mon, 2007-11-12 14:34 Section: Daily Dispatches

2:30p ET Monday, November 12, 2007

Dear Friend of GATA and Gold:

Give the analyst below some credit for noting the incongruity in central bank sales of gold in a sharply rising market. But he gets no credit for failing to pose some obvious questions, starting with: What less-visible benefit might accrue to central banks selling gold?