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Daily Dispatches
Currency swap expected from Fed and ECB
Submitted by cpowell on Sun, 2007-08-12 21:29 Section: Daily DispatchesCentral Banks Seek to Unblock Markets
From the Financial Times, London
Sunday, August 12, 2007
http://www.ft.com/cms/s/f5124170-4910-11dc-b326-0000779fd2ac.html
Central banks are expected to continue intervening in the money markets on Monday in an effort to unblock the financial system after last week's turmoil.
Gene Arensberg: Big markets worry, gold market sleeps?
Submitted by cpowell on Sun, 2007-08-12 21:20 Section: Daily DispatchesBy Gene Arensberg
Resource Investor
Sunday, August 12, 2007
Despite Sean Boyd's help, gold's slumber still mystifies Bloomberg
Submitted by cpowell on Sun, 2007-08-12 21:08 Section: Daily DispatchesGold Trails Treasuries
as Dollar's Fall
Fails to Ignite Rally
By Pham-Duy Nguyen and Saijel Kishan
Bloomberg News Service
Monday, August 13, 2007
http://quote.bloomberg.com/apps/news?pid=20601087&sid=aDBOTFHjF6qY
Gold is going nowhere.
Indonesia would cut Grasberg mine's production by as much as third
Submitted by cpowell on Sun, 2007-08-12 20:43 Section: Daily DispatchesBy Bambang Dwi Djanuarto and Berni Moestafa
Bloomberg News Service
Saturday, August 11, 2007
http://www.bloomberg.com/apps/news?pid=20601080&sid=aOUqEAeS4lAU&refer=asia
James Turk: The search for a safe haven
Submitted by cpowell on Sun, 2007-08-12 08:24 Section: Daily Dispatches8:20a ET Sunday, August 12, 2007
Dear Friend of GATA and Gold:
Suddenly investors are learning about counterparty risk, GoldMoney founder James Turk writes in his latest commentary for that gold-brokerage service.
Telegraph: Hedge funds' panic was behind worldwide market collapse
Submitted by cpowell on Sun, 2007-08-12 08:04 Section: Daily DispatchesBy Helen Power and Dan Roberts
Sunday Telegraph, London
Sunday, August 12, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/12/cnmark...
Panic selling by hedge funds has emerged as the hidden cause of the contagion spreading through the global financial system.
China backs off threats against dollar
Submitted by cpowell on Sun, 2007-08-12 07:53 Section: Daily DispatchesFrom Reuters
Saturday, August 11, 2007
http://www.reuters.com/article/ousiv/idUSPEK13834920070812
BEIJING -- China on Sunday delivered a vote of confidence in the dollar, saying dollar assets form an important part of its foreign exchange reserves and the U.S. currency plays a prominent role in the global monetary system.
Will Paulson ever consent to answer the right questions?
Submitted by cpowell on Sat, 2007-08-11 14:34 Section: Daily DispatchesHey, Hank, Let's Sit Down
and Chat about Things
By John Crudele
New York Post
Friday, August 9, 2007
http://www.nypost.com/seven/08092007/business/hey__hank__lets_sit_down_a...
There's news in my fight to get secret information from the U.S. Treasury Department.
Hold onto your seats.
Mike Kosares: The morning after the open-ended bailout
Submitted by cpowell on Sat, 2007-08-11 13:50 Section: Daily DispatchesBy Michael Kosares
Centennial Precious Metals, Denver
www.USAGold.com
Saturday, August 11, 2007
This time it IS different.
In past financial bailouts, the destruction was limited to one or two institutions. A group was put together in the private sector, or the central bank stepped in, and the troubled entity was bailed out.
Ambrose Evans-Pritchard: Inflation-busting Bernanke won't rush to relieve the pain
Submitted by cpowell on Sat, 2007-08-11 08:24 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Saturday, August 11, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/11/ccom11...
Nobody understands the threat of a credit crunch better than Ben Bernanke, the chairman of the US Federal Reserve.
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