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Daily Dispatches
Rio Tinto could be in the sights of more suitors, analysts say
Submitted by cpowell on Thu, 2007-11-08 22:14 Section: Daily DispatchesBy James Regan
Reuters
via Yahoo News
Thursday, November 8, 2007
http://news.yahoo.com/s/nm/20071109/bs_nm/riotinto_bhpbilliton1_dc;_ylt=...
SYDNEY, Australia -- Rio Tinto Ltd/Plc could be in the sights of more corporate suitors after rebuffing a $140 billion all-share takeover proposal from rival miner BHP Billiton Ltd/Plc.
Rio Tinto soars after spurned bid from Billiton
Submitted by cpowell on Thu, 2007-11-08 08:35 Section: Daily DispatchesBy Mark Potter and Eric Onstad
Reuters
Thursday, November 8, 2007
http://news.yahoo.com/s/nm/20071108/bs_nm/rio_tinto_bhp_billiton_dc;_ylt...
BHP Billiton has made a long-awaited bid approach to Rio Tinto in a move aimed at creating a $350 billion-plus mining giant, but Rio rejected the all-share proposal as too low.
China aims at dollar but Europe could get hit as euro soars
Submitted by cpowell on Thu, 2007-11-08 01:24 Section: Daily DispatchesBy Lisa Twaronite
MarketWatch.com
Wednesday, November 7, 2007
http://www.marketwatch.com/news/story/china-aims-dollar-europe-could/sto...
Gold eyes all-time high on currency crisis fears
Submitted by cpowell on Thu, 2007-11-08 01:15 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, November 7, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/07/bcngol...
Gold has surged to $846 an ounce on fears of a dollar collapse and signs of spreading credit crisis in the United States, coming within a whisker of the all-time high seen at the end of the 1970s inflation era.
Flush with cash, Ron Paul has hopes for New Hampshire
Submitted by cpowell on Thu, 2007-11-08 00:37 Section: Daily DispatchesBy Norma Love
Associated Press
via Yahoo News
Wednesday, November 7, 2007
http://news.yahoo.com/s/ap/20071107/ap_on_el_pr/ron_paul_ap_interview;_y...
Fed officials hint at potential for still lower interest rates
Submitted by cpowell on Thu, 2007-11-08 00:31 Section: Daily DispatchesBy Ros Krasny
Reuters
via Yahoo News
Wednesday, November 7, 2007
http://news.yahoo.com/s/nm/20071107/bs_nm/usa_fed_dc;_ylt=AijlHAlq905n9G...
MILWAUKEE, Wisconsin -- Federal Reserve officials on Wednesday said more interest rate cuts could be needed if economic growth proves weaker than expected, just a week after hinting that rates would probably stay steady for now.
On the verge of a worldwide currency crisis
Submitted by cpowell on Thu, 2007-11-08 00:24 Section: Daily DispatchesSarkozy Fears 'Economic War' as Dollar Slides
By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, November 8, 2007
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=V3TQOP1R3VY03QFIQ...
Peter Grandich explains support for GATA
Submitted by cpowell on Wed, 2007-11-07 23:40 Section: Daily Dispatches11:35p ET Wednesday, November 7, 2007
Dear Friend of GATA and Gold:
James Turk: Gold's infallible indicator -- six months later
Submitted by cpowell on Wed, 2007-11-07 16:43 Section: Daily Dispatches4:45p ET Wednesday, November 7, 2007
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, has checked his infallible predictor of the gold price and reports that it continues to work perfectly. Turk's new essay is headlined "Gold's Infallible Indicator -- Six Months Later," and you can find it at Kitco here:
Dollar falls to record low on Chinese talk of diversifying reserves
Submitted by cpowell on Wed, 2007-11-07 08:21 Section: Daily DispatchesBy Agnes Lovasz and Stanley White
Bloomberg News Service
Wednesday, November 7, 2007
http://www.bloomberg.com/apps/news?pid=20601080&sid=aOiMD2UBRYd8
The dollar fell the most since September against the currencies of its six biggest trading partners after Chinese officials signaled plans to diversify the nation's $1.43 trillion of foreign exchange reserves.