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Daily Dispatches
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.
Ted Butler: Silver is a tiger by the tail
Submitted by cpowell on Tue, 2008-06-24 22:38 Section: Daily Dispatches10:35p ET Tuesday, June 24, 2008
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler's new essay, "A Tiger by the Tail," elaborates on his disclosure of the huge short position in the silver exchange-traded fund and its likely purpose: concealing the shortage of the metal and suppressing its price. You can find Butler's essay at GoldSeek's companion site, SilverSeek, here:
Inflation explodes in manufacturers' prices -- but not gold and silver
Submitted by cpowell on Tue, 2008-06-24 21:48 Section: Daily DispatchesSpectre of Inflation Over Global Economy
By Francesco Guerrera, Krishna Guha, and Javier Blas
Financial Times, London
Tuesday, June 24, 2008
http://www.ft.com/cms/s/0/fea3e3e6-41f4-11dd-a5e8-0000779fd2ac.html?ncli...
China agrees to 96% jump in iron prices -- as gold falls
Submitted by cpowell on Mon, 2008-06-23 18:53 Section: Daily DispatchesBy Javier Blas and Rebecca Bream
Financial Times, London
Monday, June 23, 2008
http://www.ft.com/cms/s/0/bca835f2-4125-11dd-9661-0000779fd2ac.html
Global inflation fears deepened as Chinese steelmakers agreed to a record increase in annual iron ore prices in a move likely to boost the cost of cars, machinery, and other products.
Asian Clearing Union to give euro equality with dollar
Submitted by cpowell on Sun, 2008-06-22 20:05 Section: Daily DispatchesBy Siddique Islam
All Headline News, Palm Beach, Florida
Sunday, June 22, 2008
http://www.allheadlinenews.com/articles/7011350417
DHAKA, Bangladesh -- Central bank chiefs of the Asian Clearing Union (ACU) have agreed to introduce the euro alongside the U.S. dollar for settlement of payments among the member countries beginning January 2009.
Treasury Department has at least contemplated gold swaps
Submitted by cpowell on Sat, 2008-06-21 19:04 Section: Daily Dispatches7p ET Saturday, June 20, 2008
Dear Friend of GATA and Gold:
An oily deception about the dollar
Submitted by cpowell on Sat, 2008-06-21 17:47 Section: Daily DispatchesBy Chris Powell
Journal Inquirer, Manchester, Connecticut
Saturday, June 20, 2008
http://www.journalinquirer.com/articles/2008/06/21/chris_powell/doc485c2...
U.S. government sued over seizure of Liberty Dollars
Submitted by cpowell on Fri, 2008-06-20 12:37 Section: Daily DispatchesBy Joseph Goldstein
New York Sun
Friday, June 20, 2008
http://www.nysun.com/national/government-is-sued-over-seizure-of-liberty...
The federal government's attempt to stop a group of gold-standard activists from minting an alternative to the greenback is about to face its first legal test.
Bear bailout shows Fed doesn't follow normal rules for its own books
Submitted by cpowell on Wed, 2008-06-18 11:34 Section: Daily DispatchesBy Jonathan Weil
Bloomberg News Service
Wednesday, June 18, 2008
http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_weil&sid...
The Federal Reserve is just days away from completing the financing for its bailout of Bear Stearns Cos., after which the central bank will have another big decision to make: how to account for it.
Loss of credibility by Fed, ECB will spark crash, bank's analyst warns
Submitted by cpowell on Wed, 2008-06-18 01:37 Section: Daily DispatchesRBS Issues Global Stock and Credit Crash Alert
By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, June 17, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/18/cnrbs1...
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