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Daily Dispatches
House easily passes mining royalty and cleanup bill
Submitted by cpowell on Fri, 2007-11-02 10:40 Section: Daily DispatchesBy Erica Werner
Associated Press
via Yahoo News
Thursday, November 1, 2007
http://news.yahoo.com/s/ap/20071101/ap_on_go_co/congress_mining_4
WASHINGTON -- Not long after the Gold Rush, Congress passed a law meant to settle the West by letting prospectors stake claims and mine gold, silver and other minerals for free. It's survived essentially unchanged for 135 years.
Credit Suisse: Central bank sales 'masked' gold market deficit
Submitted by cpowell on Thu, 2007-11-01 22:39 Section: Daily DispatchesBy David Litterick
The Telegraph, London
Thursday, November 1, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/31/cngold...
The gold price will soar to more than $1,000 per ounce over the next five years as dwindling supply of the precious metal combines with increased demand, Credit Suisse has forecast.
Fed's money dump is biggest since 9/11
Submitted by cpowell on Thu, 2007-11-01 22:13 Section: Daily DispatchesFed Pumps $41 Billion into U.S. Financial System
By Jeannine Aversa
Associated Press
via Yahoo News
Thursday, November 1, 2007
http://news.yahoo.com/s/ap/20071101/ap_on_bi_ge/fed_markets_10
WASHINGTON -- The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, the largest cash infusion since September 2001, to help companies get through a credit crunch.
Peter Brimelow: Halloween gold treat the result of a trick?
Submitted by cpowell on Thu, 2007-11-01 21:48 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Wednesday, October 31, 2007
http://www.marketwatch.com/news/story/story.aspx?guid=%7BA0E83BAD%2DD1B1...
NEW YORK -- So stocks had a happy Halloween, but gold was going bump in the night.
Harry Schultz of the international Harry Schultz Letter linked the two explicitly Wednesday in his Gold Charts R Us service.
Darryl Robert Schoon: A golden hand in the house of cards
Submitted by cpowell on Thu, 2007-11-01 21:42 Section: Daily Dispatches9:45p ET Thursday, November 1, 2007
Dear Friend of GATA and Gold:
Darryl Robert Schoon's new essay at GoldSeek, "A Golden Hand in the House of Cards," is a good summary of the central banks' gold price suppression racket, duly crediting GATA's work. You can find it here:
http://news.goldseek.com/GoldSeek/1193929590.php
CHRIS POWELL, Secretary/Treasurer
The Ron Paul revolution makes Time magazine
Submitted by cpowell on Thu, 2007-11-01 21:23 Section: Daily DispatchesBy Joel Stein
Time magazine
Thursday, November 1, 2007
http://www.time.com/time/politics/article/0,8599,1678661,00.html?xid=fee...
It sometimes seems as if someone is playing a cruel practical joke on Ron Paul.
Ron Paul defends liberty in nine minutes on 'Tonight Show'
Submitted by cpowell on Wed, 2007-10-31 20:33 Section: Daily Dispatches8:30p ET Wednesday, October 31, 2007
Dear Friend of GATA and Gold:
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.
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