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Daily Dispatches
Hong Kong central bank gushes cash to prop up U.S. dollar
Submitted by cpowell on Wed, 2007-10-31 14:17 Section: Daily DispatchesBy Cassie Biggs
Associated Press
via Yahoo News
Wednesday, October 31, 2007
http://biz.yahoo.com/ap/071031/hong_kong_currency.html?.v=1
HONG KONG -- Hong Kong's de-facto central bank stepped in four times Wednesday to defend the Hong Kong dollar's peg to the U.S. dollar, injecting about $800 million worth of local currency into the red-hot market.
Oil market is 'out of control,' OPEC says
Submitted by cpowell on Tue, 2007-10-30 23:06 Section: Daily DispatchesBy Russell Hotten
The Telegraph, London
Wednesday, October 31, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/31/cnopec...
OPEC oil ministers say they are powerless in the face of many factors driving up the price of crude, with one member of the producers' cartel warning that the "market is out of control."
Gulf Arabs could drop dollar peg together
Submitted by cpowell on Tue, 2007-10-30 21:52 Section: Daily DispatchesBy Daliah Merzaban
Reuters
Tuesday, October 30, 2007
http://www.reuters.com/article/reutersEdge/idUSL3068734920071030
DUBAI -- Gulf Arab oil producers, torn between rising inflation and exchange rates fixed to a sliding dollar, could consider switching together to a currency basket to buy time for a troubled monetary union project.
Ted Butler: A simple and constructive solution
Submitted by cpowell on Tue, 2007-10-30 20:02 Section: Daily Dispatches8p ET Tuesday, October 30, 2007
Dear Friend of GATA and Gold:
In his latest commentary, silver market analyst Ted Butler says it would be easy for Barclays to remove all doubt over whether real silver is backing its silver exchange-traded fund -- just publish the serial numbers of the bars held by the fund, as State Street Bank does for the gold held by its gold ETF.
James Turk: We're almost there
Submitted by cpowell on Mon, 2007-10-29 08:24 Section: Daily Dispatches8:25a ET Monday, October 29, 2007
Dear Friend of GATA and Gold:
Will trick or treat for Wall Street be the dollar's 'Halloween'?
Submitted by cpowell on Sun, 2007-10-28 22:05 Section: Daily DispatchesStocks Hope for a Halloween Rate Cut
By Cal Mankowski
Reuters
Sunday, October 28, 2007
http://biz.yahoo.com/rb/071028/column_stocks_outlook.html?.v=1
NEW YORK -- Wall Street expects a two-day Federal Reserve meeting this week to end with another cut in interest rates as financial firms struggle with losses tied to subprime mortgages and related securities.
Technical analysis of gold market increasingly acknowledges manipulation
Submitted by cpowell on Sun, 2007-10-28 21:41 Section: Daily Dispatches9:40p ET Sunday, October 28, 2007
Dear Friend of GATA and Gold:
Technical analysis of the gold market increasingly is acknowledging government-backed manipulation.
China encourages its banks to look for overseas targets
Submitted by cpowell on Sun, 2007-10-28 14:15 Section: Daily DispatchesFrom Reuters
Sunday, October 28, 2007
http://www.reuters.com/article/fundsFundsNews/idUSPEK13985120071028
XIANGHE, China -- China will push its banks to forge deeper into overseas markets for acquisitions and a global profile, a top bank regulator said on Sunday.
China opens another copper mine in Zambia
Submitted by cpowell on Sun, 2007-10-28 11:56 Section: Daily DispatchesFrom Xinhua News Agency
via China Daily, Beijing
Sunday, October 28, 2007
http://www.chinadaily.com.cn/bizchina/2007-10/28/content_6211525.htm
China opened another copper mine in Zambia, Non-Ferrous China Africa (NFCA) of China Non-Ferrous Metals Mining Corporation (CNMC) announced in Kitwe, Zambia, on Saturday.
Ed Steer: Larry Lindsey lays it on the line
Submitted by cpowell on Sun, 2007-10-28 11:46 Section: Daily DispatchesBy Ed Steer
for Casey Research
www.CaseyResearch.com
Friday, October 26, 2007
One of the speakers I was particularly interested in hearing at the New Orleans Investment Conference this year was Larry (Lawrence) Lindsey, the former economic adviser to President George Bush in the early years of his first term in office.