Daily Dispatches

Dollar dump story must have been market rigging by gold bugs

Submitted by cpowell on Thu, 2009-10-08 17:23 Section: Daily Dispatches

Whodunit? Sneak Attack on U.S. Dollar

By Eamon Javers
Politico, Arlington, Virginia
Thursday, October 8, 2009

http://www.politico.com/news/stories/1009/28091.html

It's the biggest mystery in global finance right now: Who conducted a sneak attack on the U.S. dollar this week?

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Geithner has frequent contact with Wall Street firms

Submitted by cpowell on Thu, 2009-10-08 17:11 Section: Daily Dispatches

By Deborah Solomon
The Wall Street Journal
Thursday, October 8, 2009

http://online.wsj.com/article/SB125502308629073925.html

WASHINGTON -- Treasury Secretary Timothy Geithner has kept in frequent contact with a small group of Wall Street firms since taking the helm at the Treasury, speaking most often with top officials from Citigroup Inc. and Goldman Sachs Group Inc.

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Russia Today interviews journalist who rocked the currency markets

Submitted by cpowell on Thu, 2009-10-08 14:35 Section: Daily Dispatches

1:30p ET Thursday, October 8, 2009

Dear Friend of GATA and Gold:

Robert Fisk of the Independent in London, whose story Tuesday about an international plan to replace the U.S. dollar as the main form of payment for oil trading rocked the currency and precious metals markets --

http://www.independent.co.uk/news/business/news/the-demise-of-the-dollar...

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'Strong dollar' mantra now means a steadily weakening dollar

Submitted by cpowell on Thu, 2009-10-08 10:26 Section: Daily Dispatches

'I Believe In Strong Dollar' Turns Relic as China Begs Stability

By Matthew Brown and Oliver Biggadike
Bloomberg News
Thursday, October 8, 2009

http://www.bloomberg.com/apps/news?pid=20601109&sid=aPoUCijvAfCk

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Asian central banks intervene to slow dollar's fall

Submitted by cpowell on Thu, 2009-10-08 09:44 Section: Daily Dispatches

By David Roman
The Wall Street Journal
Thursday, October 8, 2009

http://online.wsj.com/article/SB125498941145272887.html

SINGAPORE -- The U.S. dollar continued to tumble against most Asian currencies Thursday, prompting a wave of foreign-exchange intervention by central banks in South Korea, Taiwan, the Philippines, and Thailand seeking to limit damage to their export industries.

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Russia Today interviews Max Keiser on oil trade's dollar dump

Submitted by cpowell on Wed, 2009-10-07 20:25 Section: Daily Dispatches

7:20p ET Wednesday, October 7, 2009

Dear Friend of GATA and Gold:

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As dollar fades, gold's currency shine brightens

Submitted by cpowell on Wed, 2009-10-07 17:27 Section: Daily Dispatches

By Chikako Mogi
Reuters
Wednesday, October 7, 2009

http://www.reuters.com/article/newsOne/idUSTRE5963BX20091007

TOKYO -- As the dollar's dominance fades with the emergence of a multipolar world, gold may stand to gain the most of all assets, thanks to an unlikely quality -- neutrality.