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Daily Dispatches
Newcrest to issue $1.6 billion in stock to buy back gold hedges
Submitted by cpowell on Mon, 2007-09-10 20:09 Section: Daily DispatchesBy Tan Hwee Ann
Bloomberg News Service
Monday, September 10, 2007
http://www.bloomberg.com/apps/news?pid=20601081&sid=aId8yLG1WwF8
MELBOURNE, Australia -- Newcrest Mining Ltd. plans to sell A$2 billion ($1.6 billion) of stock to close its hedge book and repay debt as Australia's largest gold-mining company bets on a rising bullion price.
Peter Brimelow: Gold's on a roll -- again
Submitted by cpowell on Mon, 2007-09-10 08:28 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Monday, September 10, 2007
http://www.marketwatch.com/news/story/story.aspx?guid=%7B4F6D3D50%2D4EB0...
NEW YORK -- Gold on a roll again. Again. Again. But look what happened last time I said that.
James Turk: Finally, $700 -- What's next?
Submitted by cpowell on Mon, 2007-09-10 08:20 Section: Daily Dispatches8:15a ET Monday, September 10, 2007
Dear Friend of GATA and Gold:
Treasury rally may falter as foreign investors keep selling
Submitted by cpowell on Sun, 2007-09-09 15:11 Section: Daily DispatchesBy Wes Goodman and Daniel Kruger
Bloomberg News Service
Monday, September 10, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=aNgW4Fu_8.tI&refer=home
Treasury investors basking in the biggest rally in four years have reason to fear for their profits: The largest owners of U.S. government debt are heading for the exit.
GoldSeek interviews Jim Sinclair on how derivatives will prompt hyperinflation
Submitted by cpowell on Sun, 2007-09-09 08:16 Section: Daily Dispatches8:15a ET Sunday, September 9, 2007
Dear Friend of GATA and Gold:
Glass-Steagal might have kept the subprime mess more manageable
Submitted by cpowell on Sat, 2007-09-08 19:41 Section: Daily DispatchesBy Thomas Kostigen
MarketWatch.com
Friday, September 7, 2007
http://www.marketwatch.com/news/story/would-glass-steagall-save-day-cred...
Countrywide will cut up to 20% of workforce
Submitted by cpowell on Fri, 2007-09-07 21:31 Section: Daily DispatchesBy Alex Veiga
Associated Press
via Yahoo News
Friday, September 7, 2007
http://news.yahoo.com/s/ap/20070907/ap_on_bi_ge/countrywide_job_cuts;_yl...
LOS ANGELES -- Struggling lender Countrywide Financial Corp. will cut as many as 12,000 jobs as it struggles to deal with challenging conditions in the mortgage industry, the company said Friday.
Gold provides refuge from declining dollar
Submitted by cpowell on Fri, 2007-09-07 21:09 Section: Daily DispatchesBy Javier Blas
Financial Times, London
Friday, September 7, 2007
http://www.ft.com/cms/s/0/8b8aa01a-5d67-11dc-8d22-0000779fd2ac.html
Gold prices jumped above $700 an ounce for the first time in 16 months on Friday as investors looked for refuge from a falling US dollar.
European rate increases squelched on eve of explosion in cash hunger
Submitted by cpowell on Thu, 2007-09-06 21:35 Section: Daily DispatchesCredit Squeeze Puts Brakes on Rates
From the Financial Times
Friday, September 7, 2007
http://www.ft.com/cms/s/0/a79b84b2-5ca5-11dc-9cc9-0000779fd2ac.html
Australian central bank will buy mortgage-backed debt
Submitted by cpowell on Thu, 2007-09-06 01:37 Section: Daily DispatchesBy Laura Cochrane
Bloomberg News Service
Thursday, September 6, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=aodU13AzlXeI&refer=home
MELBOURNE, Australia -- Australia's central bank said it will buy debt backed by home loans to add cash to the financial system, after the U.S. subprime credit rout eroded demand for asset-backed securities and drove up interest rates.
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