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To curb inflation, Syria ends dollar peg
Submitted by cpowell on Mon, 2007-06-04 17:00 Section: Daily DispatchesBy Zainab Fattah and Matthew Brown
Bloomberg News Service
Monday, June 4, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahGpyu4D9xBk&refer=home
DUBAI -- Syria became the second Middle Eastern nation in two weeks to say it will dump its currency's peg to the dollar to curb rising import costs and inflation.
Some bank other than ECB, probably Spain, was selling gold heavily
Submitted by cpowell on Mon, 2007-06-04 13:34 Section: Daily DispatchesCentral Bank Gold Sales
Seen Lasting Through Summer
By Melanie Burton
Dow Jones Newswires
Monday, June 4, 2007
LONDON -- The European Central Bank said Monday that sales of gold from its foreign exchange reserves announced Friday haven't yet shown up in
UBS affects to be mystified by gold's loss of correlation
Submitted by cpowell on Mon, 2007-06-04 08:57 Section: Daily Dispatches8:50a ET Monday, June 4, 2007
Dear Friend of GATA and Gold:
James Turk: Probabilities favor rally for gold and silver
Submitted by cpowell on Mon, 2007-06-04 08:45 Section: Daily Dispatches8:41a ET Monday, June 4, 2007
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, says technical and fundamental factors now favor rallies in gold and silver. You can find Turk's analysis and charts in the "Founder's Commentary" box in the third column of the GoldMoney home page here:
Blanchard's Neal Ryan on ECB's suspension of gold sales
Submitted by cpowell on Fri, 2007-06-01 10:27 Section: Daily Dispatches10:25a ET Friday, June 1, 2007
Dear Friend of GATA and Gold:
European Central Bank won't sell gold through September
Submitted by cpowell on Fri, 2007-06-01 09:16 Section: Daily DispatchesBy Claudia Carpenter
Bloomberg News Service
Friday, June 1, 2007
http://www.bloomberg.com/apps/news?pid=20601012&sid=aLXkYhS5mjKI&refer=c...
LONDON -- Gold rose in London after the European Central Bank said it has no plans to sell more gold through September. Silver also gained.
Ron Paul: The end of dollar hegemony, Part I
Submitted by cpowell on Thu, 2007-05-31 21:08 Section: Daily Dispatches9p ET Thursday, May 31, 2007
Dear Friend of GATA and Gold:
As you may see from the accompanying essay by U.S. Rep. Ron Paul, it's unlikely that a modern presidential candidate has ever had as much understanding of history and particularly economic history as is demonstrated here. Delightfully for us, Paul even mentions the international gold-price fixing scheme.
Banks give preferential rates on loans in takeover craze
Submitted by cpowell on Thu, 2007-05-31 20:15 Section: Daily DispatchesBanks Are Lending to Private Sector
at Less Than Prevailing Interest Rate
By Edmund Conway
The Telegraph, London
Friday, June 1, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/01/cnbank...
UK banks are taking the unprecedented step of lending to the private equity and hedge fund sector at below the official UK interest rate.
Is Morgan working both sides of credit-insurance derivatives market?
Submitted by cpowell on Thu, 2007-05-31 19:56 Section: Daily DispatchesFunds Attack Banks' Aid
for Subprime Borrowers
By Saskia Scholtes
Financial Times, London
Thursday, May 31, 2007
http://www.ft.com/cms/s/3ae806a2-0fa6-11dc-a66f-000b5df10621.html
NEW YORK -- Hedge funds are attacking bank decisions that help delinquent US mortgage borrowers remain in their homes in a move that pits some of the country's richest people against its least well-off.
GATA sympathizers gather for lunch in Sydney on June 14
Submitted by cpowell on Thu, 2007-05-31 19:27 Section: Daily Dispatches7:24p ET Thursday, May 30, 2007
Dear Friend of GATA and Gold: