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Daily Dispatches
Casey Research: Fed already has cut main rate by third of a percent
Submitted by cpowell on Wed, 2007-09-12 01:02 Section: Daily Dispatches1a ET Wednesday, September 12, 2007
Dear Friend of GATA and Gold:
Casey Research economist Bud Conrad reports that for a month already through its daily bond market operations the Federal Reserve has effectively reduced the Fed Funds interest rate by about a third of a percentage point below the Fed's nominal "target" rate of 5.25 percent.
Ted Butler: Stir it up
Submitted by cpowell on Tue, 2007-09-11 22:15 Section: Daily Dispatches10:15p ET Tuesday, September 11, 2007
Dear Friend of GATA and Gold:
Countrywide Financial seeking another bailout, NYPost says
Submitted by cpowell on Tue, 2007-09-11 19:33 Section: Daily DispatchesCountryslide
By Zachery Kouwe
New York Post
Tuesday, September 11, 2007
http://www.nypost.com/seven/09112007/business/countryslide.htm
Countrywide Financial Corp. is putting together another multi-billion dollar bailout plan as the nation's largest home lender continues to struggle amid the global credit crunch and declines in the housing market, the Post has learned.
Arrggh! Pirate Capital's Jolly Roger hedge funds sink 80%
Submitted by cpowell on Tue, 2007-09-11 18:47 Section: Daily DispatchesPirate Capital Bars Withdrawals from 2 Hedge Funds
By Katherine Burton
Bloomberg News Service
Tuesday, September 11, 2007
http://quote.bloomberg.com/apps/news?pid=20601087&sid=aKe6zEkVFGOg
Get a free gold info DVD from Swiss America and help GATA
Submitted by cpowell on Tue, 2007-09-11 18:15 Section: Daily Dispatches6:15p ET Tuesday, September 11, 2007
Dear Friend of GATA and Gold:
Our old friends and longtime supporters at Swiss America Trading Corp. are doing a little promotion that could benefit GATA, so we want to tell you about it.
Swiss America has prepared a video disk about investing in gold. It's titled "A Rare Opportunity: Gold 101," it's narrated by Pat Boone -- and it's free.
Newcrest says its hedge closing supported gold price
Submitted by cpowell on Tue, 2007-09-11 08:58 Section: Daily DispatchesFrom Reuters
via Yahoo News
Tuesday, September 11, 2007
http://asia.news.yahoo.com/070911/3/37pa2.html
SYDNEY, Australia -- Australia's Newcrest Mining Ltd. said on Tuesday its gold buying spree that scooped more than 2 million ounces of gold in the last few weeks had helped fuel a sharp rise in world bullion prices.
Antal Fekete: Peak gold -- a primer on true hedging, Part II
Submitted by cpowell on Mon, 2007-09-10 22:30 Section: Daily Dispatches10:25p ET Monday, September 10, 2007
Dear Friend of GATA and Gold:
Russia shuns world gold market but buys domestic production
Submitted by cpowell on Mon, 2007-09-10 20:14 Section: Daily DispatchesFrom Reuters
Monday, September 10, 2007
http://www.reuters.com/article/RussiaInvestment07/idUSL1076303620070910
MOSCOW -- Russia has no plans to buy or sell gold in the world market and will continue to build state reserves by purchasing from its main producers, a senior central banker told the Reuters Russia Investment Summit on Monday.
Newcrest to issue $1.6 billion in stock to buy back gold hedges
Submitted by cpowell on Mon, 2007-09-10 20:09 Section: Daily DispatchesBy Tan Hwee Ann
Bloomberg News Service
Monday, September 10, 2007
http://www.bloomberg.com/apps/news?pid=20601081&sid=aId8yLG1WwF8
MELBOURNE, Australia -- Newcrest Mining Ltd. plans to sell A$2 billion ($1.6 billion) of stock to close its hedge book and repay debt as Australia's largest gold-mining company bets on a rising bullion price.
Peter Brimelow: Gold's on a roll -- again
Submitted by cpowell on Mon, 2007-09-10 08:28 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Monday, September 10, 2007
http://www.marketwatch.com/news/story/story.aspx?guid=%7B4F6D3D50%2D4EB0...
NEW YORK -- Gold on a roll again. Again. Again. But look what happened last time I said that.