Daily Dispatches

Go regulate the U.S. dollar instead, China tells IMF

Submitted by cpowell on Wed, 2007-06-20 17:19 Section: Daily Dispatches

China Warns IMF Over Renminbi

By Richard McGregor
Financial Times, London
Wednesday, June 20, 2007

http://www.ft.com/cms/s/4f8c027e-1f5b-11dc-ac86-000b5df10621.html

BEIJING -- China has issued a pointed warning to the International Monetary Fund not to back US pressure for a faster appreciation of the renminbi in a planned review of global exchange rates.

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Republican presidential longshot: Ditch Fed, go back to gold

Submitted by cpowell on Wed, 2007-06-20 01:33 Section: Daily Dispatches

By Simon Constable
TheStreet.com
Tuesday, June 19, 2007

http://www.thestreet.com/_tscrss/markets/commodities/10363490.html

Anyone planning a long career at the Federal Reserve better think again if Republican presidential hopeful U.S. Rep. Ron Paul makes it to the White House in 2008.

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Japan says it can't sell dollars without wrecking markets

Submitted by cpowell on Wed, 2007-06-20 01:20 Section: Daily Dispatches

Japan Won't Diversify Dollar Reserves Now

From Reuters
Tuesday, June 19, 2007

http://www.reuters.com/article/bondsNews/idUSN1923482020070619

NEW YORK -- Japan would diversify its huge stash of dollar reserves only if the U.S. currency stabilizes, as a premature move could roil financial markets, the country's vice finance minister for international affairs said on Tuesday.

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Central bankers turn to BIS as markets ignore risk

Submitted by cpowell on Tue, 2007-06-19 19:05 Section: Daily Dispatches

"There's a wonderful camaraderie among central bankers."

* * *

By John Fraher
Bloomberg News Service
Tuesday, June 19, 2007

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1cW8RYVARJM

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U.S. regulators would rely on the 'principles' of sharks who have none

Submitted by cpowell on Tue, 2007-06-19 18:50 Section: Daily Dispatches

US Repo Sector Could Face Crackdown

By Gillian Tett
Financial Times, London
Tuesday, June 19, 2007

http://www.ft.com/cms/s/7e58c29e-1e8a-11dc-bc22-000b5df10621.html

American regulators may be forced to clamp down on activity in the so-called repurchase, or repo, market involving US government bonds if the industry does not clean up its behaviour, a senior official has warned.

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Ted Butler: The raptors rule

Submitted by cpowell on Tue, 2007-06-19 18:09 Section: Daily Dispatches

5p CT Tuesday, June 19, 2007

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler's new commentary, "The Raptors Rule," analyzes the latest commitment of traders report and finds more evidence that the gold and silver shorts are starting to lose money to more nimble longs. You can find Butler's commentary at GoldSeek's companion site, SilverSeek, here: