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Daily Dispatches
Bank of England's gold not good enough for delivery
Submitted by cpowell on Wed, 2007-09-19 22:30 Section: Daily Dispatches10:30p ET Wednesday, September 19, 2007
Dear Friend of GATA and Gold:
Debate rages over impact of soaring Canadian dollar
Submitted by cpowell on Wed, 2007-09-19 18:48 Section: Daily DispatchesBy Louise Egan
Reuters
via Yahoo News
Wednesday, September 19, 2007
http://news.yahoo.com/s/nm/20070919/wl_canada_nm/canada_economy_inflatio...
OTTAWA, Canada -- The Canadian dollar's flight toward parity with the U.S. dollar has reignited debate over the impact of the strong currency on inflation and on Bank of Canada interest rates.
Policy reversed, Fannie and Freddie will buy junk mortgages
Submitted by cpowell on Wed, 2007-09-19 18:44 Section: Daily DispatchesBy James Tyson and Jody Shenn
Bloomberg News Service
Wednesday, September 19, 2007
http://quote.bloomberg.com/apps/news?pid=20601087&sid=a7W8FamllDBg
WASHINGTON -- The Bush administration reversed policy, allowing Fannie Mae and Freddie Mac, the two largest sources of money for U.S. home loans, to expand their investments in an effort to make mortgages easier to get.
Paulson asks Congress to lift debt limit
Submitted by cpowell on Wed, 2007-09-19 18:34 Section: Daily DispatchesBy Martin Crutsinger
Associated Press
via Yahoo News
Wednesday, September 19, 2007
http://news.yahoo.com/s/ap/20070919/ap_on_bi_ge/debt_limit;_ylt=Ag6A4lFi...
Barrick CEO sees 'perfect storm' raising gold price
Submitted by cpowell on Wed, 2007-09-19 18:29 Section: Daily DispatchesBy Cameron French
Reuters
Wednesday, September 19, 2007
http://www.reuters.com/article/economicNews/idUSN1926885020070919
TORONTO -- Current U.S. conditions of low interest rates and potential inflationary pressures are a "perfect storm" for gold prices, Barrick Gold Corp. Chief Executive Greg Wilkins said on Wednesday.
Saudi Arabia hints at breaking currency peg to dollar
Submitted by cpowell on Wed, 2007-09-19 18:24 Section: Daily DispatchesFears of Dollar Collapse as Saudis Take Fright
By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, September 19, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/19/bcnsau...
Bank of England in dramatic turn on 3-month money
Submitted by cpowell on Wed, 2007-09-19 08:59 Section: Daily DispatchesBy Philip Aldrick
The Telegraph, London
Wednesday, September 19, 2007
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=KS0IE3USQZ1D1QFIQ...
Hugo Salinas Price: A perpetual 'war on gold'?
Submitted by cpowell on Wed, 2007-09-19 00:54 Section: Daily Dispatches12:45a ET Wednesday, September 19, 2007
Dear Friend of GATA and Gold:
Hugo Salinas Price, president of the Mexican Civic Association for Silver and longtime friend and supporter of GATA, speculates in a new essay, "A Perpetual 'War on Gold'?," about how governments could keep their gold-price suppression scheme going even after their gold reserves are exhausted.
Dan Norcini: Capital flows promise more trouble for dollar
Submitted by cpowell on Tue, 2007-09-18 23:02 Section: Daily DispatchesBy Dan Norcini
www.JSMineset.com
Tuesday, September 18, 2007
With all the excitement surrounding the interest rate reduction by the Fed, it is easy to overlook something else that occurred today that also has serious implications for the US dollar. The Treasury International Capital Flows data for July 2007 was released early this morning. The data was not good.
William Greider: The lies of Alan Greenspan
Submitted by cpowell on Tue, 2007-09-18 22:29 Section: Daily DispatchesBy William Greider
The Nation, New York
via San Francisco Chronicle
Tuesday, September 18, 2007
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2007/09/18/EDCLS7TH4...