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Daily Dispatches
Aussie dollar seen equalling U.S. dollar next year
Submitted by cpowell on Tue, 2007-10-02 00:55 Section: Daily DispatchesBy David McIntyre
Bloomberg News Service
Tuesday, October 2, 2007
http://quote.bloomberg.com/apps/news?pid=20601087&sid=ar4B13PRXC7A
SYDNEY -- The Australian dollar will trade equal with the U.S. currency by the end of 2008 as the central bank raises interest rates to control inflation, according to Stephen Koukoulas, global strategist at TD Securities Ltd.
Calls grow for ECB intervention to stop rise of euro
Submitted by cpowell on Mon, 2007-10-01 23:51 Section: Daily DispatchesBy Peter Garnham
Financial Times, London
Tuesday, October 2, 2007
http://www.ft.com/cms/s/0/e7ab931c-7050-11dc-a6d1-0000779fd2ac.html
The recent rise of the euro has sparked a chorus of disapproval from the region's exporters and politicians, but analysts say it may now be approaching levels that could even push central banks into action.
Gold market manipulation noted in Russian press
Submitted by cpowell on Mon, 2007-10-01 21:53 Section: Daily DispatchesSoaring Gold Makes Mining Stocks a Risk
By Catrina Stewart
St. Petersburg Times, Russia
Tuesday, October 2, 2007
http://www.sptimesrussia.com/index.php?action_id=2&story_id=23163
MOSCOW -- Gold prices rocketed to a 28-year high last week as Severstal tightened the screws in its battle for gold miner Celtic Resources.
Peter Brimelow: Is gold melting up?
Submitted by cpowell on Mon, 2007-10-01 21:42 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Monday, October 1, 2007
http://www.marketwatch.com/news/story/gold-melting-up/story.aspx?guid=%7...
NEW YORK -- Could gold be "melting up"? Some letters think so.
Some Northern Rock customers switched into gold
Submitted by cpowell on Mon, 2007-10-01 17:39 Section: Daily DispatchesBy Richard Curran
The Sunday Business Post, Dublin
Sunday, September 30, 2007
http://www.thepost.ie/post/pages/p/story.aspx-qqqt=MARKETS-qqqm=nav-qqqi...
Some beleaguered Northern Rock customers who withdrew their savings used the money to buy gold in search of old-fashioned stability.
British banks gorge on European Central Bank's cheap credit
Submitted by cpowell on Mon, 2007-10-01 17:01 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, October 1, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/01/bcnecb...
British lenders are shunning the Bank of England and turning instead to the European Central Bank on a massive scale, taking advantage of much lower interest rates and guaranteed anonymity to weather the credit crunch.
Al Korelin: Why invest in gold if the price is manipulated?
Submitted by cpowell on Mon, 2007-10-01 16:41 Section: Daily Dispatches4:45p ET Monday, October 1, 2007
Dear Friend of GATA and Gold:
GATA today received the formal endorsement of Al Korelin of the Korelin Economics Report, whose new essay, "Why Bother Investing in Gold if the Price Is Manipulated?," can be found at Kitco here:
Adrian Ash: How central banks control the gold price
Submitted by cpowell on Mon, 2007-10-01 16:24 Section: Daily Dispatches4:20p ET Monday, October 1, 2007
Dear Friend of GATA and Gold:
Citigroup gold report getting around; MineWeb disparages BoE gold quality issue
Submitted by cpowell on Mon, 2007-10-01 08:57 Section: Daily Dispatches8:55a ET Monday, October 1, 2007
Dear Friend of GATA and Gold:
Citigroup's market research report acknowledging that central banks have been manipulating the gold price is rapidly gaining attention in the investment world.
The latest recognition comes in an essay titled "Why Should You Buy Gold?" at MoneyWeek.com by John Stepek, who writes:
IMF finds central bankers 'not hostile' to more gold sales
Submitted by cpowell on Mon, 2007-10-01 08:31 Section: Daily DispatchesFrom Reuters
Monday, October 1, 2007
http://www.reuters.com/article/companyNewsAndPR/idUSPAB00351820071001
PARIS -- The International Monetary Fund's future managing director says central bankers do not appear to oppose sales of IMF gold.
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