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Daily Dispatches
Scientists find economic process for creating gold from base metals
Submitted by cpowell on Tue, 2007-07-17 22:04 Section: Daily DispatchesBy Ben Dover
San Francisco Comical
Tuesday, July 17, 2007
http://news.yahoo.com/s/nm/20070716/od_nm/germany_sexy_dc;_ylt=AnlKIwIEm...
LIVERMORE, California -- Scientists at the Lawrence Livermore National Laboratory have discovered a process for inexpensively converting base metals into gold, the lab announced Tuesday night at a hastily called news conference.
Bear Stearns admits two subprime mortgage funds are worthless
Submitted by cpowell on Tue, 2007-07-17 21:05 Section: Daily DispatchesBy Joey Bel Bruno
Associated Press
Tuesday, July 17, 2007
http://biz.yahoo.com/ap/070717/bear_stearns_funds.html?.v=1
NEW YORK -- Bear Stearns Cos. told clients Tuesday that a meltdown in the subprime mortgage market has made the assets from two of its flagship hedge funds almost worthless.
Ted Butler: The principle of substitution
Submitted by cpowell on Tue, 2007-07-17 16:59 Section: Daily Dispatches5p ET Tuesday, July 17, 2007
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler argues that the principle of substitution is going to work twice in silver's favor.
First, since silver is just a small part of the price of so many of the products in which it is contained, it can rise very high in price before manufacturers are likely to substitute other metals for it.
Grandich slips market manipulation into MarketWatch daily gold report
Submitted by cpowell on Tue, 2007-07-17 11:30 Section: Daily DispatchesBy Polya Lesova
MarketWatch.com
Tuesday, July 17, 2007
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7bE55F69D0-78FB-4...
NEW YORK -- Gold futures struggled to find a foothold in positive territory Tuesday, though ongoing dollar weakness and near-record oil prices underpinned prices.
Ron Paul owns the whiplash point on the political spectrum
Submitted by cpowell on Mon, 2007-07-16 23:52 Section: Daily DispatchesHe Has Crowd Appeal
Libertarian Presidential Candidate Ron Paul Is Reaching Across Many Lines
By Michael J. Mishak
Las Vegas Sun
Sunday, July 15, 2007
http://www.lasvegassun.com/sunbin/stories/sun/2007/jul/15/566680220.html...
Canadian dollar hits US96 cents for first time in 30 years
Submitted by cpowell on Mon, 2007-07-16 18:38 Section: Daily DispatchesBy Frank Pingue
Reuters
Monday, July 16, 2007
http://ca.today.reuters.com/news/newsArticle.aspx?type=businessNews&stor...
TORONTO -- The Canadian dollar stormed to 96 U.S. cents for the first time in 30 years on Monday as higher oil prices triggered a slew of automatic buy orders.
Resurrected M3 may warn of inflationary blowoff in U.S.
Submitted by cpowell on Mon, 2007-07-16 18:29 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, July 16, 2007
http://blogs.telegraph.co.uk/business/ambrosevanspritchard/july07/m3mone...
If you thought the US Federal Reserve made a grave mistake abolishing data on the M3 money supply last year, you at last have a heavyweight ally in the City of London.
Arrogant Germany and fearful France tearing euro apart
Submitted by cpowell on Mon, 2007-07-16 08:07 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, July 15, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/16/ccview...
Got Gold Report: Big traders betting heavily that dollar will recover
Submitted by cpowell on Sun, 2007-07-15 18:40 Section: Daily Dispatches6:40p ET Sunday, July 15, 2007
Dear Friend of GATA and Gold:
Gene Arensberg's new "Got Gold Report" was posted at Resource Investor this afternoon. He says the U.S. dollar is at a critical charting point and the big commercial traders are betting heavily that it recovers. You can find Arensberg's report here:
And maybe the U.S. will buy some Chinese railroad bonds
Submitted by cpowell on Fri, 2007-07-13 17:06 Section: Daily DispatchesU.S. Urges China to Buy
Mortgage-Backed Securities
By Josephine Lau
Bloomberg News Service
Friday, July 13, 2007
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aE7I.0mnjrSY
BEIJING -- The Bush administration is urging China's central bank to buy more government-backed mortgage bonds in an effort to sustain financing for U.S. home loans.
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