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Daily Dispatches
AngloGold will close its hedge book -- eventually, if it can figure out how to
Submitted by cpowell on Fri, 2007-12-21 18:33 Section: Daily DispatchesAngloGold Confirms Hedge Book to Close
From the Sydney (Australia) Morning Herald
Friday, December 21, 2007
http://news.smh.com.au/anglogold-confirms-hedge-book-to-close/20071221-1...
The world's third-largest gold producer, AngloGold Ashanti Ltd., has confirmed that it will completely close down its hedge book to take advantage of high spot market prices.
As governments shower money on them, banks drop subprime rescue fund
Submitted by cpowell on Fri, 2007-12-21 17:03 Section: Daily DispatchesBanks Abandon Super-SIV Plan
By David Enrich and Diya Gullapalli
The Wall Street Journal
Friday, December 21, 2007
The banks orchestrating a bailout of troubled investment vehicles that were hit by the subprime mortgage crisis are throwing in the towel after struggling to raise money for the planned fund, according to people familiar with the matter.
Saudis may start buying real stuff in a big way instead of Treasuries
Submitted by cpowell on Fri, 2007-12-21 16:30 Section: Daily DispatchesSaudis Plan Huge Sovereign Wealth Fund
By Henny Sender, David Wighton, and Sundeep Tucker
Financial Times, London
Friday, December 21, 2007
http://www.ft.com/cms/s/0/412752ae-afa4-11dc-b874-0000779fd2ac.html?ncli...
Saudi Arabia plans to establish a sovereign wealth fund that is expected to dwarf Abu Dhabi's $900 billion and become the largest in the world.
China seen switching out of copper and into gold and platinum
Submitted by cpowell on Fri, 2007-12-21 16:20 Section: Daily DispatchesBy Matt Whittaker
Associated Press
via Yahoo News
Friday, December 21, 2007
http://biz.yahoo.com/ap/071221/china_gold_platinum.html?.v=1
NEW YORK -- China, the 800-pound gorilla of copper buying, is turning instead to gold and platinum as the price of the red metal continues to sink and it sees precious metals as good investments against currency concerns, market watchers say.
Fed promises infinite money as long as banks want it
Submitted by cpowell on Fri, 2007-12-21 14:39 Section: Daily DispatchesFed to Offer Special Auctions 'As Long As Necessary'
By Liz Capo McCormick
Bloomberg News Service
Friday, December 21, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0jFvw9NueL4&refer=home
Liberty Dollar reopens to raise defense funds
Submitted by cpowell on Fri, 2007-12-21 00:38 Section: Daily DispatchesBusiness Booming After Raid
By Gavin Lesnick
Evansville Courier & Press (Evansville, Indiana)
Monday, December 17, 2007
http://www.courierpress.com/news/2007/dec/17/businessboomingafter-raid/
The Evansville-based headquarters of a company that produces the Liberty Dollar is open again with a new name and a new product.
Paul advances from asterisk to spoiler. Next, the nominee -- then president!
Submitted by cpowell on Thu, 2007-12-20 21:44 Section: Daily DispatchesPaul Shaping Up as Spoiler in GOP Race
By David Espo
Associated Press
via Yahoo News
Thursday, December 20, 2007
http://news.yahoo.com/s/ap/20071220/ap_on_el_pr/anti_war_asterisk
CONCORD, New Hampshire -- It wasn't long ago that Rep. Ron Paul was an anti-war asterisk in the race for the Republican presidential nomination. Then his campaign raised a record $6 million in a single day.
Credit crisis hits top U.S. bond insurer
Submitted by cpowell on Thu, 2007-12-20 21:32 Section: Daily DispatchesBy Stephen Bernard
Associated Press
via Yahoo News
Thursday, December 20, 2007
http://news.yahoo.com/s/ap/20071220/ap_on_bi_ge/mbia;_ylt=AnN0d6JD2Gy9gQ...
Al-Jazeera's 'People & Power' airs 'Death of the Dollar, Part 2'
Submitted by cpowell on Wed, 2007-12-19 21:28 Section: Daily Dispatches9:20p ET Wednesday, December 19, 2007
Dear Friend of GATA and Gold:
Journalism's wacky provocateur Max Keiser is back doing economics at Al-Jazeera's "People & Power" program and again is getting far closer to the big financial story of our times than is, say, The New York Times.
James Turk: Print, print, print
Submitted by cpowell on Wed, 2007-12-19 14:38 Section: Daily Dispatches2:38p ET Wednesday, December 19, 2007
Dear Friend of GATA and Gold:
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