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Daily Dispatches
James Turk: Dollar is on the precipice
Submitted by cpowell on Sat, 2008-06-28 19:13 Section: Daily Dispatches7:07p ET Saturday, June 28, 2008
Dear Friend of GATA and Gold:
Top market riggers to huddle privately Tuesday in Frankfurt
Submitted by cpowell on Fri, 2008-06-27 16:16 Section: Daily DispatchesTreasury's Paulson to Meet ECB's Trichet
By Marc Jones
Reuters
Friday, June 27, 2008
http://www.reuters.com/article/politicsNews/idUSL2745384320080627
FRANKFURT, Germany -- U.S. Treasury Secretary Henry Paulson will meet European Central Bank President Jean-Claude Trichet next week during a trip to Europe to discuss global economic issues.
Options traders bet oil could rise another 40%
Submitted by cpowell on Fri, 2008-06-27 15:50 Section: Daily DispatchesBy Robert Campbell
Reuters
Friday, June 27, 2008
http://www.reuters.com/article/reutersEdge/idUSN2742649220080627?sp=true
NEW YORK -- Oil options have spiked to prices that imply crude could rise another 40 percent as recent big moves in the crude contract prompt heavy buying of protection against further price increases.
Barclays warns of disaster as Fed loses all credibility
Submitted by cpowell on Thu, 2008-06-26 22:02 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, June 27, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/27/cnbarc...
Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero."
Oil's rise is mainly dollar's devaluation, OPEC chief says
Submitted by cpowell on Thu, 2008-06-26 10:47 Section: Daily DispatchesOPEC Chief Sees Oil Going to $150-$170
From Reuters
Thursday, June 26, 2008
http://www.reuters.com/article/reutersComService_3_MOLT/idUSPAB004150200...
PARIS -- Crude oil prices could rise to as high as $170 per barrel in the coming months but are unlikely to hit $200 and should ease towards the end of the year, OPEC President Chakib Khelil said in an interview on Thursday.
Ted Butler: Silver is a tiger by the tail
Submitted by cpowell on Tue, 2008-06-24 22:38 Section: Daily Dispatches10:35p ET Tuesday, June 24, 2008
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler's new essay, "A Tiger by the Tail," elaborates on his disclosure of the huge short position in the silver exchange-traded fund and its likely purpose: concealing the shortage of the metal and suppressing its price. You can find Butler's essay at GoldSeek's companion site, SilverSeek, here:
Inflation explodes in manufacturers' prices -- but not gold and silver
Submitted by cpowell on Tue, 2008-06-24 21:48 Section: Daily DispatchesSpectre of Inflation Over Global Economy
By Francesco Guerrera, Krishna Guha, and Javier Blas
Financial Times, London
Tuesday, June 24, 2008
http://www.ft.com/cms/s/0/fea3e3e6-41f4-11dd-a5e8-0000779fd2ac.html?ncli...
China agrees to 96% jump in iron prices -- as gold falls
Submitted by cpowell on Mon, 2008-06-23 18:53 Section: Daily DispatchesBy Javier Blas and Rebecca Bream
Financial Times, London
Monday, June 23, 2008
http://www.ft.com/cms/s/0/bca835f2-4125-11dd-9661-0000779fd2ac.html
Global inflation fears deepened as Chinese steelmakers agreed to a record increase in annual iron ore prices in a move likely to boost the cost of cars, machinery, and other products.
Asian Clearing Union to give euro equality with dollar
Submitted by cpowell on Sun, 2008-06-22 20:05 Section: Daily DispatchesBy Siddique Islam
All Headline News, Palm Beach, Florida
Sunday, June 22, 2008
http://www.allheadlinenews.com/articles/7011350417
DHAKA, Bangladesh -- Central bank chiefs of the Asian Clearing Union (ACU) have agreed to introduce the euro alongside the U.S. dollar for settlement of payments among the member countries beginning January 2009.
Treasury Department has at least contemplated gold swaps
Submitted by cpowell on Sat, 2008-06-21 19:04 Section: Daily Dispatches7p ET Saturday, June 20, 2008
Dear Friend of GATA and Gold:
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