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Daily Dispatches
Barrick sells NovaGold stake after takeover bid fails
Submitted by cpowell on Fri, 2007-04-20 14:30 Section: Daily DispatchesBy Lynn Thomasson
Bloomberg News Service
Friday, April 20, 2007
http://www.bloomberg.com/apps/news?pid=20601082&sid=aU4HyGtquHTg&refer=c...
Barrick Gold Corp., the world's biggest gold producer, today sold its entire stake in NovaGold Resources Inc. after its hostile takeover bid failed.
British pound hits 26-year high against U.S. dollar
Submitted by cpowell on Wed, 2007-04-18 23:26 Section: Daily DispatchesBy Jackie Farwell
Associated Press
via Yahoo News
Wednesday, April 18, 2007
http://news.yahoo.com/s/ap/20070418/ap_on_bi_ge/dollar_4
NEW YORK -- The British pound climbed to a 26-year high Wednesday as the euro rose to its highest level in two years but fell short of its all-time record.
Mike Maloney: The Dow isn't going up -- it's actually crashing
Submitted by cpowell on Wed, 2007-04-18 23:10 Section: Daily Dispatches11p ET Wednesday, April 18, 2007
Dear Friend of GATA and Gold:
Ted Butler: The day of reckoning
Submitted by cpowell on Tue, 2007-04-17 15:27 Section: Daily Dispatches3:25p ET Tuesday, April 17, 2007
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler's new commentary explains in detail how the silver market is manipulated by one or two short-sellers far beyond the manipulation of any other commodity market. Butler's commentary is headlined "The Day of Reckoning" and you can find it at GoldSeek's companion site, SilverSeek, here:
Fears grow that Britain has lost control of its remaining gold
Submitted by cpowell on Tue, 2007-04-17 09:07 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, April 17, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/04/17/cngold...
As Gordon Brown prepares for a grilling in the Commons over his fire-sale auction of Britain's gold at the bottom of the market, concern is mounting that the Treasury may have lost control over the small amount still left in its vaults.
Most Americans now feed at the government trough, study concludes
Submitted by cpowell on Tue, 2007-04-17 01:03 Section: Daily DispatchesAs US Tax Rates Drop,
Government's Reach Grows
By Mark Trumbull
Christian Science Monitor
Monday, April 16, 2007
http://www.csmonitor.com/2007/0416/p01s04-usec.html
Maybe the era of big government isn't over after all.
Lihir to dilute by US$535 million to close gold hedges
Submitted by cpowell on Tue, 2007-04-17 00:30 Section: Daily DispatchesA quick calculation suggests that the total
to be spent here just to close the hedge book
will be about US$535 million.
* * *
Lihir to Sell A$1.2 Billion
in Shares to End Hedging
By Jesse Riseborough
Bloomberg News Service
Tuesday, April 17, 2007
http://www.bloomberg.com/apps/news?pid=20601081&sid=avNDK.76FIKA&refer=a...
China likely to try to keep its copper production home
Submitted by cpowell on Mon, 2007-04-16 23:50 Section: Daily DispatchesFrom Interfax News Agency
Monday, April 16, 2007
http://www.interfax.cn/displayarticle.asp?aid=23256&slug=CHINA-METALS-CO...
Greg Peel: Of the IMF, the Bank of England, Currencies, and Gold
Submitted by cpowell on Mon, 2007-04-16 23:44 Section: Daily Dispatches11:45p ET Monday, April 16, 2007
Dear Friend of GATA and Gold:
FNArena's Greg Peel lends support to GATA's view of the perpetual interest of the Bank of England and International Monetary Fund in selling gold. Peel's new essay, "Of the IMF, the Bank of England, Currencies, and Gold," can be found at FNArena here:
China moves to explain $136 billion FX surge
Submitted by cpowell on Mon, 2007-04-16 23:37 Section: Daily DispatchesBy Richard McGregor
Financial Times, London
Monday, April 16, 2007
http://www.ft.com/cms/s/bdb510e8-ebe8-11db-a12e-000b5df10621.html
BEIJING -- China has taken the unusual step of trying to explain the recent surge in its foreign exchange reserves after they rose by the equivalent of $1 million a minute in the first quarter of this year, or by more than half the total increase of 2006.
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