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Daily Dispatches
Peter Brimelow: Fed's flinch galvanizes gold
Submitted by cpowell on Mon, 2008-06-30 01:28 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Sunday, June 29, 2008
http://www.marketwatch.com/news/story/feds-flinch-galvanizes-gold/story....
The Fed flinch galvanizes gold, and the gold bugs think victory is at hand.
IMF undertakes audit of U.S. financial system
Submitted by cpowell on Sun, 2008-06-29 22:59 Section: Daily DispatchesBy Gabor Steingart
Der Spiegel, Hamburg, Germany
Thursday, June 26, 2008
http://www.spiegel.de/international/world/0,1518,562291,00.html
Miners to strike major producers in Peru
Submitted by cpowell on Sun, 2008-06-29 18:14 Section: Daily DispatchesBy Jean Luis Arce
Reuters
Sunday, June 29, 2008
http://www.reuters.com/article/businessNews/idUSN2934545820080629
LIMA, Peru -- Miners in Peru, the world's leading silver producer and second-largest copper and zinc miner, were readying a strike for midnight on Sunday that will see walkouts at the country's leading pits.
Asian nations may buy shares to aid sagging markets
Submitted by cpowell on Sun, 2008-06-29 17:44 Section: Daily DispatchesBy Andrew Wood, Kathrin Hille, and Farhan Bokhari
Financial Times, London
Sunday, June 29, 2008
http://www.ft.com/cms/s/0/f0e5ac24-4606-11dd-9009-0000779fd2ac.html
Max Keiser and Frank Holmes talk about gold on Internet TV
Submitted by cpowell on Sun, 2008-06-29 12:58 Section: Daily Dispatches12:55p ET Sunday, June 29, 2008
Dear Friend of GATA and Gold:
Two of GATA's favorite people have turned up on Internet television in the last few hours to talk about gold.
James Turk: Dollar is on the precipice
Submitted by cpowell on Sat, 2008-06-28 19:13 Section: Daily Dispatches7:07p ET Saturday, June 28, 2008
Dear Friend of GATA and Gold:
Top market riggers to huddle privately Tuesday in Frankfurt
Submitted by cpowell on Fri, 2008-06-27 16:16 Section: Daily DispatchesTreasury's Paulson to Meet ECB's Trichet
By Marc Jones
Reuters
Friday, June 27, 2008
http://www.reuters.com/article/politicsNews/idUSL2745384320080627
FRANKFURT, Germany -- U.S. Treasury Secretary Henry Paulson will meet European Central Bank President Jean-Claude Trichet next week during a trip to Europe to discuss global economic issues.
Options traders bet oil could rise another 40%
Submitted by cpowell on Fri, 2008-06-27 15:50 Section: Daily DispatchesBy Robert Campbell
Reuters
Friday, June 27, 2008
http://www.reuters.com/article/reutersEdge/idUSN2742649220080627?sp=true
NEW YORK -- Oil options have spiked to prices that imply crude could rise another 40 percent as recent big moves in the crude contract prompt heavy buying of protection against further price increases.
Barclays warns of disaster as Fed loses all credibility
Submitted by cpowell on Thu, 2008-06-26 22:02 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, June 27, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/27/cnbarc...
Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero."
Oil's rise is mainly dollar's devaluation, OPEC chief says
Submitted by cpowell on Thu, 2008-06-26 10:47 Section: Daily DispatchesOPEC Chief Sees Oil Going to $150-$170
From Reuters
Thursday, June 26, 2008
http://www.reuters.com/article/reutersComService_3_MOLT/idUSPAB004150200...
PARIS -- Crude oil prices could rise to as high as $170 per barrel in the coming months but are unlikely to hit $200 and should ease towards the end of the year, OPEC President Chakib Khelil said in an interview on Thursday.