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Daily Dispatches
Japan may move to support tumbling dollar
Submitted by cpowell on Mon, 2008-03-03 20:48 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, March 4, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/03/ccjapa...
Pressure is building in Japan for official intervention to cap the surging yen before it triggers a sharp industrial slowdown and tips the country back into slump.
ECB chief prods U.S. about 'strong dollar' and Paulson duly squeaks up
Submitted by cpowell on Mon, 2008-03-03 15:30 Section: Daily DispatchesTrichet, Juncker Signal Euro/Dollar Concern
By Huw Jones and Swaha Pattanaik
Reuters
via The Guardian, London
Monday, March 3, 2008
Ambrose Evans-Pritchard: Fed's rescue attempt has failed
Submitted by cpowell on Mon, 2008-03-03 10:40 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, March 3, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/03/ccview...
The verdict is in. The Fed's emergency rate cuts in January have failed to halt the downward spiral toward a full-blown debt deflation. Much more drastic action will be needed.
Gold beats other financial assets as investors seek haven
Submitted by cpowell on Sun, 2008-03-02 23:58 Section: Daily DispatchesBy Millie Munshi and Pham-Duy Nguyen
Bloomberg News Service
Monday, March 3, 2008
http://www.bloomberg.com/apps/news?pid=20601087&sid=aPQzstSEDLxw&refer=home
Gold, silver, platinum, and palladium may be the best-performing financial assets this year as inflation and slowing growth erode the value of the world's major currencies, bonds and stocks.
Peter Brimelow: Gold finishes a fabulous February
Submitted by cpowell on Sun, 2008-03-02 22:58 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Sunday, March 2, 2008
http://www.marketwatch.com/news/story/golds-fabulous-february/story.aspx...
NEW YORK -- Gold finishes a fabulous February, and the gold bugs' attention is turning to gold shares, and silver.
Gold upstream, poison downstream in Philippines' wild mining zone
Submitted by cpowell on Sun, 2008-03-02 21:32 Section: Daily DispatchesBy Cecil Morella
Agence France-Presse
via Yahoo News
Sunday, March 2, 2008
http://news.yahoo.com/s/afp/20080302/sc_afp/philippinesenvironmentmining...
MOUNT DIWATA, Philippines -- Fortune favours the brave in this gold rush region of the southern Philippines, but the poison that goes with the new wealth spares no one.
As dollar falls, Israelis see virtues of their own currency
Submitted by cpowell on Sun, 2008-03-02 21:23 Section: Daily DispatchesDollar Dip a Mixed Bag for Israelis
By Dina Kraft
Jewish Telegraphic Agency, New York
Sunday, March 2, 2008
http://www.jta.org/cgi-bin/iowa/news/article/2008030220080226dollar.html
Dan Norcini: Looks like a commercial signal failure in silver
Submitted by cpowell on Sun, 2008-03-02 19:37 Section: Daily DispatchesBy Dan Norcini
JSMineset.com
Saturday, March 1, 2008
These charts detail the commitment of traders report through Tuesday of this week:
http://www.jsmineset.com/cwsimages/Miscfiles/5830_Charts_for_2-29-2008_C...
Dollar decline seen dominating markets in week ahead
Submitted by cpowell on Sun, 2008-03-02 14:27 Section: Daily DispatchesBy Jeremy Gaunt
Reuters
Sunday, March 2, 2008
http://www.reuters.com/article/etfNews/idUSL2922804820080302?sp=true
LONDON -- Currencies will be in full focus on financial markets this week following the dollar's drubbing of recent days yet anyone hoping for help from policy makers to shore up the ailing greenback is likely to be disappointed.
'Strong dollar' Paulson would get rid of the penny
Submitted by cpowell on Sat, 2008-03-01 13:29 Section: Daily DispatchesThe Bush administration is advocating legislation to hasten the removal of intrinsic metal value from all U.S. coins.
* * *
Treasury Secretary Paulson
Not a Big Fan of the Penny
By Martin Crutsinger
Associated Press
via Yahoo News
Friday, February 29, 2008
http://news.yahoo.com/s/ap/20080229/ap_on_go_ca_st_pe/paulson_penny_4