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Daily Dispatches
Ted Butler: A picture worth a thousand words
Submitted by cpowell on Tue, 2007-10-09 14:42 Section: Daily Dispatches2:40p ET Tuesday, October 9, 2007
Dear Friend of GATA and Gold:
European Central Bank plans indefinite liquidity boosts
Submitted by cpowell on Mon, 2007-10-08 18:50 Section: Daily DispatchesBy Ralph Atkins and David Oakley
Financial Times, London
Monday, October 8, 2007
http://www.ft.com/cms/s/0/bc7098ee-75d9-11dc-b7cb-0000779fd2ac.html
The European Central Bank pledged on Monday that it would inject extra liquidity into money markets for as long as is necessary in order to stabilise short-term interest rates.
Alan Ruskin: Moral hazard encourages weak dollar
Submitted by cpowell on Mon, 2007-10-08 17:08 Section: Daily DispatchesBy Alan Ruskin
Financial Times, London
Monday, October 8, 2007
http://www.ft.com/cms/s/1/0d57808c-75bd-11dc-b7cb-0000779fd2ac.html
The slide in the actively traded dollar index to its record low makes a final mockery of the US Treasury's mantra that "a strong dollar is in the US interest."
New party line in U.S.: Weak dollar good, won't be inflationary
Submitted by cpowell on Mon, 2007-10-08 08:57 Section: Daily DispatchesPaulson's Weak Dollar
Boosts Growth
Without Fueling Inflation
By Matthew Benjamin and Vivien Lou Chen
Bloomberg News Service
Monday, October 8, 2007
http://www.bloomberg.com/apps/news?pid=20601109&sid=acan_4u7wIJI&refer=home
James Turk: When's gold's next streak?
Submitted by cpowell on Sun, 2007-10-07 16:01 Section: Daily Dispatches4p ET Sunday, october 7, 2007
Dear Friend of GATA and Gold:
GATA Chairman Murphy looks for company in Toronto Oct. 15
Submitted by cpowell on Fri, 2007-10-05 20:02 Section: Daily Dispatches7:50p ET Friday, October 5, 2007
Dear Friend of GATA and Gold:
GATA's friends in the Toronto area are invited to join GATA Chairman Bill Murphy for an informal cocktail party from 5 to 7 p.m. Monday, October 15, at Hy's Steak House, 101-120 Adelaide St. West.
If you get there early enough, Murphy may buy you a drink -- if there's any left.
Rise of giant funds sparks fear of global shockwave
Submitted by cpowell on Fri, 2007-10-05 15:49 Section: Daily DispatchesBy Tom Stevenson
The Telegraph, London
Friday, October, 5, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/05/ccfund...
The rapid growth of sovereign wealth funds, petrodollar investors, hedge funds, and private equity groups poses significant risks for the world economy, claims a report from management consultant McKinsey.
No inflation? Rare gold coin doubles in value in two years
Submitted by cpowell on Fri, 2007-10-05 00:38 Section: Daily DispatchesCollector Pays $5 Million for Rare Gold Coin
By The Associated Press
via Yahoo News
Thursday, October 4, 2007
http://news.yahoo.com/s/ap/20071005/ap_on_re_us/rare_coin_6
A rare $10 gold coin made for President Andrew Jackson to give as a diplomatic gift during trade missions to Asia was purchased Thursday by a private collector for $5 million.
Central bank gold sales fall below quota for second year
Submitted by cpowell on Thu, 2007-10-04 23:48 Section: Daily DispatchesBy Jon A. Nones
Resource Investor
Wednesday, October 3, 2007
Credit squeeze induces ECB to avoid rate increase
Submitted by cpowell on Thu, 2007-10-04 23:41 Section: Daily DispatchesBy Ralph Atkins
Financial Times, London
Thursday, October 4, 2007
http://www.ft.com/cms/s/0/83ade652-72b8-11dc-b7ff-0000779fd2ac.html
The credit turbulence that began in the US mortgage market put European policymakers on the spot on Thursday as the European Central Bank all but dropped plans for an interest rate rise and the Bank of England decided to leave its main rate unchanged.