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Daily Dispatches

Ted Butler: A picture worth a thousand words

Section: Daily Dispatches

2:40p ET Tuesday, October 9, 2007

Dear Friend of GATA and Gold:

European Central Bank plans indefinite liquidity boosts

Section: Daily Dispatches

By 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

Paulson'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?

Section: Daily Dispatches

4p ET Sunday, october 7, 2007

Dear Friend of GATA and Gold:

GATA Chairman Murphy looks for company in Toronto Oct. 15

Section: Daily Dispatches

7:50p 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

Collector 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

Section: Daily Dispatches

By Jon A. Nones
Resource Investor
Wednesday, October 3, 2007

Credit squeeze induces ECB to avoid rate increase

Section: Daily Dispatches

By 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.

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