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Daily Dispatches
Canadian financial TV journalist Jim O'Connell dies
Submitted by cpowell on Fri, 2007-05-04 10:28 Section: Daily Dispatches10:20a ET Friday, May 4, 2007
Dear Friend of GATA and Gold:
Canada's Business News Network, formerly Report on Business Television, today announced the death of its and Canada's foremost financial journalist, Jim O'Connell, veteran host of the network's "Market Call" program.
Loan derivatives poised for explosive growth
Submitted by cpowell on Thu, 2007-05-03 21:56 Section: Daily DispatchesBy Paul J. Davies
Financial Times, London
Thursday, May 3, 2007
http://www.ft.com/cms/s/bd5ce25a-f9a4-11db-9b6b-000b5df10621.html
The market for derivatives of the risky corporate loans that are generally used to fund private equity buy-out deals is beginning to enjoy improving trading volumes and many are predicting that the next 12 months will see explosive growth.
GATA gatherings in Melbourne, Botswana, and Vancouver
Submitted by cpowell on Thu, 2007-05-03 21:38 Section: Daily Dispatches9:38p ET Thursday, May 3, 2007
Dear Friend of GATA and Gold:
GATA clubs are proliferating -- not as fast as fiat money but faster than you can get a straight answer from a central banker.
The next meeting of the GATA club in Melbourne, Australia, will be a fancy lunch at 12:30 p.m. Wednesday, May 30, in a private upstairs room at the Pier Hotel in Port Melbourne
Asia will start its own currency pool so it can dump IMF
Submitted by cpowell on Thu, 2007-05-03 20:50 Section: Daily DispatchesAsia Likely to Draw on $2.7 Trillion
in Reserves to Safeguard Currencies
By Shamim Adam
Bloomberg News Service
Thursday, May 3, 2007
http://www.bloomberg.com/apps/news?pid=20601080&sid=aIKwOaFW43dk&refer=asia
Canada exhausts its gold reserves to make one big souvenir coin
Submitted by cpowell on Thu, 2007-05-03 20:32 Section: Daily DispatchesBy Alexandre Deslongchamps
Bloomberg News Service
Thursday, May 3, 2007
http://www.bloomberg.com/apps/news?pid=20601082&sid=aeCwEp0qT3P4&refer=c...
OTTAWA -- The Royal Canadian Mint today unveiled a gold coin that's as big as a car wheel and as thick as a hardcover novel, in a bid to help win business lost to global competitors.
European junk bond supply grows dramatically
Submitted by cpowell on Wed, 2007-05-02 20:20 Section: Daily DispatchesBy David Oakley and Saskia Scholtes
Financial Times, London
Wednesday, May 2, 2007
http://www.ft.com/cms/s/e9b0d016-f8d5-11db-a940-000b5df10621.html
The European junk bond market grew dramatically in the first quarter of this year in a powerful sign that the world economy is in robust health.
Blanchard Research: Central banks are biggest factors in gold market
Submitted by cpowell on Wed, 2007-05-02 18:34 Section: Daily Dispatches6:25p ET Wednesday, May 2, 2007
Dear Friend of GATA and Gold:
Some gold market analysts pretend that the Western central banks have no special influence in the gold market. Today's Blanchard Economic Research Unit daily note by Neal Ryan describes in detail how, to the contrary, the central banks are the biggest and most influential players in that market, at least for the time being.
Hedge fund risk worst since LTCM crash, Fed report says
Submitted by cpowell on Wed, 2007-05-02 18:18 Section: Daily DispatchesBy Pedro Nicolaci da Costa
Reuters
Wednesday, May 2, 2007
http://today.reuters.com/news/articleinvesting.aspx?type=fundsFundsNews&...
Unhappy with its share price, Barrick may diversify
Submitted by cpowell on Wed, 2007-05-02 18:13 Section: Daily DispatchesLumber milling for paper might fit right in with the company's strategic plan....
* * *
Barrick Share Price
May Spark Diversification
By Cameron French
Reuters
Wednesday, May 2, 2007
http://ca.today.reuters.com/news/newsArticle.aspx?type=businessNews&stor...
Resource Investor: Central banks frantically hasten gold sales
Submitted by cpowell on Wed, 2007-05-02 17:57 Section: Daily DispatchesBy Jon A. Nones
Resource Investor
Wednesday, May 2, 2007
As bullion continues to consolidate around $670/oz, central banks within the Central Bank Gold Agreement have frantically quickened the pace of gold sales. Gold bugs debate whether sales will continue at this rate and what this could mean for the market.
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