You are here
Daily Dispatches
IMF reform is a serious hurdle to gold sales
Submitted by cpowell on Fri, 2008-03-07 18:47 Section: Daily DispatchesBy Thomson Financial
via Forbes Magazine
Friday, March 7, 2008
http://www.forbes.com/markets/feeds/afx/2008/03/07/afx4747406.html
WASHINGTON -- When the Bush administration said in February that it could support the sale of a large chunk of the International Monetary Fund's gold supplies, gold prices fell a bit as investors saw the possibility of increased supply.
John Embry: Gold is still spectacularly underpriced
Submitted by cpowell on Thu, 2008-03-06 17:30 Section: Daily Dispatches5:27p ET Thursday, March 6, 2008
Dear Friend of GATA and Gold:
Sprott Asset Management's chief investment strategist, John Embry, argues in Investor's Digest of Canada that gold remains spectacularly underpriced, especially insofar as its recent nominal highs are only a fraction of what gold's 1980 high would be when adjusted for inflation since then. You can find Embry's commentary here:
Barrick irritated by delay of Pascua Lama mine in Argentina, Chile
Submitted by cpowell on Thu, 2008-03-06 17:22 Section: Daily DispatchesBy Helen Popper
Reuters
Thursday, March 6, 2008
http://www.globeinvestor.com/servlet/story/ROC.20080306.2008-03-06T19040...
NY Fed chief says low rates are needed for some time
Submitted by cpowell on Thu, 2008-03-06 17:15 Section: Daily DispatchesBy Pedro Nicolaci da Costa
Reuters
Thursday, March 6, 2008
http://www.reuters.com/article/ousiv/idUSNAT00378020080306
NEW YORK -- The U.S. central bank may need to keep interest rates low for some time if extreme stresses in financial markets persist, threatening the economy, New York Federal Reserve President Timothy Geithner said.
Hawkish ECB dashes hopes for cutting interest rates
Submitted by cpowell on Thu, 2008-03-06 17:11 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, March 6, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/06/bcnecb...
The European Central Bank has dashed hopes for an interest rate cut in coming months, defying mounting calls from across the political and economic spectrum for monetary stimulus to head off a sharp slowdown.
Dollar still stronger than it might be, IMF says
Submitted by cpowell on Thu, 2008-03-06 17:03 Section: Daily DispatchesBy Lesley Wroughton
Reuters
via The Guardian, London
Thursday, March 6, 2008
http://www.guardian.co.uk/feedarticle?id=7363541
WASHINGTON -- The euro's rise has put it on the "strong side" on a medium-term basis but the U.S. dollar's value still needs to come down despite its recent decline, the International Monetary Fund said on Thursday.
With inflation rising, European central banks hold rates steady
Submitted by cpowell on Thu, 2008-03-06 10:07 Section: Daily DispatchesBy Matt Moore and Jane Wardell
Associated Press
via Yahoo News
Thursday, March 6, 2008
http://news.yahoo.com/s/ap/20080306/ap_on_bi_ge/europe_interest_rates;_y...
FRANKFURT, Germany -- The European Central Bank and Bank of England took similar paths Thursday by leaving their benchmark interest rates unchanged, but analysts expect cuts in the coming months.
Italy intervenes in bond market as spreads soar
Submitted by cpowell on Wed, 2008-03-05 21:46 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, March 6, 2008
http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/mone...
When gold breaks $1,000, what then?
Submitted by cpowell on Wed, 2008-03-05 21:34 Section: Daily DispatchesBy Frank Tang and Steve James
Reuters
Thursday, March 6, 2008
http://in.reuters.com/article/businessNews/idINIndia-32321120080305?rpc=...
NEW YORK -- Should the the price of gold burst through the $1,000-per-ounce barrier, which it nearly did on Wednesday, experts predict it could reach higher records and even double this year.
U.S. dollar still goes far ... filling wheelbarrows in Zimbabwe
Submitted by cpowell on Wed, 2008-03-05 14:05 Section: Daily DispatchesZimbabwe Currency Tumbles
to Record 25 Million to US$1
By Angus Shaw
Associated Press
via Yahoo News
Wednesday, March 5, 2008
http://biz.yahoo.com/ap/080305/zimbabwe_money.html?.v=1
HARARE, Zimbabwe -- The Zimbabwe currency tumbled to a record low of 25 million for a single U.S. dollar Wednesday, currency dealers said.
Pages
