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Daily Dispatches
Forget futures -- go back to gold's basics
Submitted by cpowell on Fri, 2007-07-06 10:36 Section: Daily DispatchesBy Myra P. Saefong
MarketWatch.com
Friday, July 6, 2007
http://www.marketwatch.com/news/story/story.aspx?guid=%7BB5C0738A%2D740E...
SAN FRANCISCO -- Forget gold futures and exchange-traded funds. For the individual investor, there's nothing like the "fondle factor" of bullion.
Germany strives to fend off flood of hungry dollars
Submitted by cpowell on Fri, 2007-07-06 10:09 Section: Daily DispatchesGermany Defends Its 'Crown Jewels'
By Ambrose Evans-Pritchard
The Telegraph, London
Friday, July 6, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/06/cngerm...
Germany is drawing up detailed plans to stop strategic assets falling into the hands of "giant locust funds" controlled by Russia, China, and Middle East governments.
Mexican miners strike briefly to stress safety concerns
Submitted by cpowell on Fri, 2007-07-06 01:31 Section: Daily DispatchesBy Paul Kiernan
Associated Press
via Yahoo News
Thursday, July 5, 2007
http://news.yahoo.com/s/ap/20070705/ap_on_re_la_am_ca/mexico_miners_strike
MEXICO CITY -- Mine workers across Mexico waged a 24-hour strike Thursday, hoping to achieve better safety standards and to improve collective labor's footing in the industry, a union official said.
David Ranson and Penny Russell: Money meltdown
Submitted by cpowell on Fri, 2007-07-06 01:14 Section: Daily DispatchesBy David Ranson and Penny Russell
The Wall Street Journal
Thursday, July 5, 2007
Join GATA at the New Orleans Investment Conference in October
Submitted by cpowell on Thu, 2007-07-05 22:44 Section: Daily Dispatches10:40p ET Thursday, July 5, 2007
Dear Friend of GATA and Gold:
GATA will have a big part in this year's New Orleans Investment Conference, scheduled for Sunday-Thursday, October 21-25.
Jim Sinclair: 13 reasons to be terrified of OTC derivatives
Submitted by cpowell on Thu, 2007-07-05 22:09 Section: Daily DispatchesBy Jim Sinclair
JSMineset.com
Thursday, July 5, 2007
http://www.jsmineset.com
Conde Nast's magazine, "Portfolio -- Business Intelligence," recently carried a story that is shocking even to me. I do not know where they got their numbers but I suspect that they fact-check their articles. The title is "$300 Trillion Time Bomb."
Newmont spends $578 million to close gold hedges early
Submitted by cpowell on Thu, 2007-07-05 17:22 Section: Daily DispatchesCompany Press Release
via PRNewswire
Thursday, July 5, 2007
http://biz.yahoo.com/prnews/070705/lath054.html?.v=101
DENVER -- Newmont Mining Corp. today announced the elimination of its entire 1.85 million-ounce gold hedge position, establishing the company as the world's largest unhedged gold producer.
Credit derivatives blowup threatens Italian bank
Submitted by cpowell on Wed, 2007-07-04 20:03 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, July 4, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/03/bcnita...
A derivative blow-up at the Italian bank Italease has sent tremors through Milan's banking fraternity and exposed the hidden dangers of exotic credit instruments.
A mortgage-securities hedge fund suspends redemptions
Submitted by cpowell on Wed, 2007-07-04 11:33 Section: Daily DispatchesBy Vikas Bajaj
The New York Times
Wednesday, July 4, 2007
http://www.nytimes.com/2007/07/04/business/04bonds.html?_r=1&ref=business&o
In another sign that troubles in the mortgage market are spreading, a prominent hedge fund that specializes in bonds backed by home loans has suspended redemption requests by investors.
Ted Butler: The raptors rumble
Submitted by cpowell on Tue, 2007-07-03 22:16 Section: Daily Dispatches10:15p ET Tuesday, July 3, 2007
Dear Friend of GATA and Gold:
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