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Daily Dispatches
Unhedged Newcrest, Lihir fuel takeover talk as gold price soars
Submitted by cpowell on Mon, 2007-10-15 01:18 Section: Daily DispatchesBy Alex Wilson
The Wall Street Journal
Monday, October 15, 2007
In Newcrest Mining and Lihir Gold, there is no hedging on their prospects -- and potential acquirers view that as a good thing.
Paulson is pressured by G-7 demands to aid dollar, credit markets
Submitted by cpowell on Mon, 2007-10-15 01:08 Section: Daily DispatchesBy Rich Miller and Simon Kennedy
Bloomberg News Service
Monday, October 15, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=aiXgH4EYAOe0&refer=home
A former Master of the Universe like Henry Paulson doesn't often find himself on the defensive. At international meetings this week in Washington, he will be.
Merv Burak: Who could afford such losses shorting gold?
Submitted by cpowell on Mon, 2007-10-15 00:42 Section: Daily Dispatches12:40a ET Monday, October 15, 2007
Dear Friend of GATA and Gold:
Jim Puplava interviews James Turk on the flight to gold
Submitted by cpowell on Mon, 2007-10-15 00:13 Section: Daily Dispatches12:06a ET Monday, October 15, 2007
Dear Friend of GATA and Gold:
Ambrose Evans-Pritchard: A scramble for exposure to global inflation
Submitted by cpowell on Sun, 2007-10-14 23:20 Section: Daily DispatchesHedge Funds Target Currency Pegs
By Ambrose Evans-Pritchard
The Telegraph, London
Monday, October 15, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/15/ccview...
Establishment's new line: Let dollar fall and it won't spark inflation
Submitted by cpowell on Sun, 2007-10-14 20:51 Section: Daily Dispatches8:48p ET Sunday, October 14, 2007
Dear Friend of GATA and Gold:
An essay by Martin Feldstein, former chairman of the President's Council of Economic Advisers and now a professor at Harvard University, published today in the Financial Times, may represent official thinking in the United States more than the rote and increasingly ridiculous slogan about a "strong dollar."
Peter Grandich: Man your battle stations
Submitted by cpowell on Sun, 2007-10-14 19:52 Section: Daily Dispatches7:55p ET Sunday, October 14, 2007
Dear Friend of GATA and Gold:
Longtime GATA supporter Peter Grandich of the Grandich Letter tonight published a long analysis of the financial and metals markets, the bankruptcy of the U.S. government, and the threatening situations around the world. It's headlined "Man Your Battle Stations" and you can find it at the Grandich Internet site here:
Gene Arensberg: Commercials in gold have never been shorter
Submitted by cpowell on Sun, 2007-10-14 19:09 Section: Daily Dispatches7p ET Sunday, October 14, 2007
Dear Friend of GATA and Gold:
Big banks ponder creating fund to rescue mortgage-backed securities
Submitted by cpowell on Sat, 2007-10-13 11:28 Section: Daily DispatchesBig Banks Push
$100 Billion Plan
To Avert Crunch
Fund Seeks to Prevent
Mortgage-Debt Selloff;
Advice From Treasury
By Carrick Mollenkamp, Ian McDonald,
and Deborah Solomon
The Wall Street Journal
Saturday, October 13, 2007
Commodities will move out of pricing in dollars, fund manager says
Submitted by cpowell on Fri, 2007-10-12 17:34 Section: Daily DispatchesBy Pratima Desai
Reuters
Friday, October 12, 2007
http://www.reuters.com/article/reutersEdge/idUSL1227332920071012
LONDON -- Resource-rich countries will move away from the dollar as a base for the commodities they produce to protect their earnings as the dollar's slide accelerates, UK-based Emergent Asset Management told Reuters.