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Daily Dispatches
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.
ECB demotes money supply in inflation forecasts
Submitted by cpowell on Fri, 2007-07-13 16:48 Section: Daily DispatchesBy Ralph Atkins
Financial Times, London
Friday, July 13, 2007
http://www.ft.com/cms/s/390b31c4-3099-11dc-9a81-0000779fd2ac.html
FRANKFURT, Germany -- The European Central Bank is taking a more pragmatic approach to its analysis of monetary data -- a move that highlights the evolution of a tradition inherited from Germany’s conservative Bundesbank.
Iran tells Japan to pay for oil in yen
Submitted by cpowell on Fri, 2007-07-13 16:34 Section: Daily DispatchesBy Megumi Yamanaka
Bloomberg News Service
Friday, July 13, 2007
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aONF.HEKx.xU
TOKYO -- Iran asked Japanese refiners to switch to the yen to pay for all crude oil purchases, after Iran's central bank said it is reducing holdings of the U.S. dollar.
Ambrose Evans-Pritchard: With no serious rivals except gold, dollar won't collapse
Submitted by cpowell on Fri, 2007-07-13 16:24 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, July 13, 2007
http://blogs.telegraph.co.uk/business/ambrosevanspritchard/july07/willth...
John Embry: 'Sovereign wealth' funds will support gold
Submitted by cpowell on Fri, 2007-07-13 15:56 Section: Daily Dispatches3:55p ET Friday, July 13, 2007
Dear Friend of GATA and Gold:
Sprott Asset Management's chief investment strategist, John Embry, predicts in an essay in Investor's Digest of Canada that the new "sovereign wealth" funds of countries with lots of dollars sloshing around will come to support the gold price. Embry's essay can be found at the Sprott Internet site here:
Spain seizes U.S. treasure-hunting boat off Gibraltar
Submitted by cpowell on Fri, 2007-07-13 00:54 Section: Daily DispatchesBy Brian Reyes
Reuters
Thursday, July 12, 2007
http://www.reuters.com/article/worldNews/idUSL1259580220070712
GIBRALTAR -- Spanish police boarded an American treasure-hunting ship on Thursday that Madrid believes may have taken gold and silver worth millions from a sunken Spanish galleon.
Qatar's gold reserves up 1,500% in year
Submitted by cpowell on Fri, 2007-07-13 00:48 Section: Daily DispatchesFrom Qatar News Agency
via The Peninsula, Doha, Qatar
Friday, July 13, 2007
http://www.thepeninsulaqatar.com/Display_news.asp?section=Local_News&mon...
DUBAI, United Arab Emirates -- Qatar Central Bank gold holdings more than quadrupled between January and the end of April, data on the central bank's website showed yesterday.
Kuwait again lets dinar rise to reflect dollar's decline
Submitted by cpowell on Fri, 2007-07-13 00:43 Section: Daily DispatchesFrom Reuters
via Daily Times, Lahore, Pakistan
Friday, July 13, 2007
http://www.dailytimes.com.pk/default.asp?page=2007%5C07%5C13%5Cstory_13-...
DUBAI -- Kuwait allowed its dinar to appreciate against the dollar for a second time this year after the US currency's slide raised pressure on pegged exchange rates throughout the world's biggest oil-exporting region.
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