Daily Dispatches

Class action charges Amaranth, Morgan with manipulating natgas

Submitted by cpowell on Thu, 2007-07-12 23:50 Section: Daily Dispatches

From Reuters
Thursday, July 12, 2007

http://www.reuters.com/article/governmentFilingsNews/idUSN1236935120070712

NEW YORK -- A trader sued Amaranth Advisors LLC on Thursday, alleging that he lost money because the hedge fund that collapsed last year after $6 billion in losses manipulated natural gas prices.

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Historic Bolivian silver mine at risk of collapse

Submitted by cpowell on Thu, 2007-07-12 13:47 Section: Daily Dispatches

By Monica Machicao
Reuters
Thursday, July 12, 2007

http://www.reuters.com/article/inDepthNews/idUSN2724749020070712

POTOSI, Bolivia -- High silver prices are drawing a frenzy of miners to a colonial-era mine at Potosi in Bolivia, but the mine has become so dangerous that authorities fear the mine, part of a World Heritage Site, could collapse.

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James Turk: Bernanke explains why Fed must rig gold price

Submitted by cpowell on Thu, 2007-07-12 13:40 Section: Daily Dispatches

1:34p ET Thursday, July 12, 2007

Dear Friend of GATA and Gold:

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Australian hedge fund warns about withdrawals

Submitted by cpowell on Wed, 2007-07-11 20:00 Section: Daily Dispatches

By James Mackintosh
Financial Times, London
Wednesday, July 11, 2007

http://www.ft.com/cms/s/e839b922-2fdb-11dc-a68f-0000779fd2ac.html

An Australian hedge fund manager with almost $1 billion in junk-rated loans and troubled structured credits warned investors on Wednesday that it could restrict withdrawals to ensure its survival as it reported losses of 14 percent in one fund in June.

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Russians trading dollars for their country's own currency

Submitted by cpowell on Wed, 2007-07-11 19:43 Section: Daily Dispatches

By Peter Fedynsky
Voice of America
Wednesday, July 11, 2007

http://www.voanews.com/english/2007-07-11-voa40.cfm

MOSCOW -- New figures released by the Russian Central Bank indicate that the amount of U.S. dollars held by private Russian citizens has dropped since 2002 from $35 billion to less than $12 billion as of July 1.