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Daily Dispatches
Iran says 70% of its oil sales are now outside dollar
Submitted by cpowell on Sat, 2007-05-26 11:54 Section: Daily DispatchesBy Peg Mackey
Reuters
Saturday, May 26, 2007
http://www.reuters.com/article/worldNews/idUSL2662075520070526
TEHRAN -- Iran, embroiled in a row with Washington over its nuclear program, has increased the amount of its oil export earnings in currencies other than U.S. dollars to about 70 percent, an Iranian official said on Saturday.
Peter Grandich endorses GATA's work in Canadian radio interview
Submitted by cpowell on Sat, 2007-05-26 11:18 Section: Daily Dispatches11:15a ET Saturday, May 26, 2007
Dear Friend of GATA and Gold:
Market analyst Peter Grandich, editor of the Grandich Letter, has been interviewed on today's Market Matters Radio program, which is broadcast on a dozen stations across Canada, and calls attention to manipulation of the gold market and endorses GATA's work.
John Embry raps Greenspan and World Gold Council leader
Submitted by cpowell on Sat, 2007-05-26 11:07 Section: Daily Dispatches11a ET Saturday, May 26, 2007
Dear Friend of GATA and Gold:
Sprott Asset Management's chief investment strategist, John Embry, lands a few good blows in some recent commentary in Investor's Digest of Canada.
Banks turning to credit derivatives as trading tools
Submitted by cpowell on Fri, 2007-05-25 00:13 Section: Daily DispatchesBy Gillian Tett
Financial Times, London
Thursday, May 24, 2007
http://www.ft.com/cms/s/0cc43410-0a26-11dc-93ae-000b5df10621.html
Global banks have started to use credit derivatives to expand their level of risk-taking -- rather than to hedge their own credit risks, according to new analysis.
Buenaventura eliminates gold hedges through 2009
Submitted by cpowell on Thu, 2007-05-24 21:36 Section: Daily DispatchesBuenaventura Completes 2007, 2008, and 2009 De-Hedging Program
Company Press Release
via Yahoo News
Thursday, May 24, 2007
Project Turquoise is Goldman's scheme to put markets in the dark
Submitted by cpowell on Thu, 2007-05-24 21:19 Section: Daily Dispatches'Dark Pools' Emerge in Project Turquoise
By Norma Cohen and Anuj Gangahar
Financial Times, London
Thursday, May 24, 2007
http://us.ft.com/ftgateway/superpage.ft?news_id=fto052420071740587609
Eric Sprott: The era of China
Submitted by cpowell on Thu, 2007-05-24 14:37 Section: Daily Dispatches2:30p ET Thursday, May 24, 2007
Dear Friend of GATA and Gold:
China concedes little at U.S. summit
Submitted by cpowell on Wed, 2007-05-23 21:41 Section: Daily DispatchesBy Krishna Guha, Eoin Callan,
and Doug Cameron
Financial Times, London
Wednesday, May 23, 2007
http://www.ft.com/cms/s/1e91d272-096f-11dc-a349-000b5df10621.html
China on Wednesday agreed to a new aviation deal with the United States and offered limited concessions in financial services at the conclusion of top-level economic talks in Washington.
ETF captures 13% of world silver output
Submitted by cpowell on Wed, 2007-05-23 21:25 Section: Daily DispatchesBy Saskia Scholtes
Financial Times, London
Wednesday, May 23, 2007
http://www.ft.com/cms/s/5c9acffe-0953-11dc-a349-000b5df10621.html
NEW YORK -- A single exchange-traded fund captured more than 13 percent of the world's silver output last year, according to data from GFMS, a precious metals consultancy.
It achieved this feat even though it was launched only in April last year.
Shanghai can't find domestic help -- the maids are out day-trading
Submitted by cpowell on Wed, 2007-05-23 02:44 Section: Daily DispatchesChina's New Day-Traders Look to Back 'Black Horses'
By Geoff Dyer
Financial Times, London
Wednesday, May 23, 2007
http://www.ft.com/cms/s/2ca3603c-08cb-11dc-b11e-000b5df10621.html
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