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Daily Dispatches

James Turk: Finally, $700 -- What's next?

Section: Daily Dispatches

8:15a ET Monday, September 10, 2007

Dear Friend of GATA and Gold:

Treasury rally may falter as foreign investors keep selling

Section: Daily Dispatches

By Wes Goodman and Daniel Kruger
Bloomberg News Service
Monday, September 10, 2007

http://www.bloomberg.com/apps/news?pid=20601087&sid=aNgW4Fu_8.tI&refer=home

Treasury investors basking in the biggest rally in four years have reason to fear for their profits: The largest owners of U.S. government debt are heading for the exit.

GoldSeek interviews Jim Sinclair on how derivatives will prompt hyperinflation

Section: Daily Dispatches

8:15a ET Sunday, September 9, 2007

Dear Friend of GATA and Gold:

Countrywide will cut up to 20% of workforce

Section: Daily Dispatches

By Alex Veiga
Associated Press
via Yahoo News
Friday, September 7, 2007

http://news.yahoo.com/s/ap/20070907/ap_on_bi_ge/countrywide_job_cuts;_yl...

LOS ANGELES -- Struggling lender Countrywide Financial Corp. will cut as many as 12,000 jobs as it struggles to deal with challenging conditions in the mortgage industry, the company said Friday.

Gold provides refuge from declining dollar

Section: Daily Dispatches

By Javier Blas
Financial Times, London
Friday, September 7, 2007

http://www.ft.com/cms/s/0/8b8aa01a-5d67-11dc-8d22-0000779fd2ac.html

Gold prices jumped above $700 an ounce for the first time in 16 months on Friday as investors looked for refuge from a falling US dollar.

Australian central bank will buy mortgage-backed debt

Section: Daily Dispatches

By Laura Cochrane
Bloomberg News Service
Thursday, September 6, 2007

http://www.bloomberg.com/apps/news?pid=20601087&sid=aodU13AzlXeI&refer=home

MELBOURNE, Australia -- Australia's central bank said it will buy debt backed by home loans to add cash to the financial system, after the U.S. subprime credit rout eroded demand for asset-backed securities and drove up interest rates.

Jim Sinclair: Day of reckoning for derivatives has arrived

Section: Daily Dispatches

By Jim Sinclair
www.JSMineset.com
Wednesday, September 5, 2007

It is not just coming -- it is already here.

I am convinced that all that has been anticipated since 1968 has now occurred. I see the mountain of over-the-counter derivatives that, including all types, exceeds $30 trillion. The mountain is shaking badly.

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