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Daily Dispatches
GATA gatherings in Melbourne, Botswana, and Vancouver
Submitted by cpowell on Thu, 2007-05-03 21:38 Section: Daily Dispatches9:38p ET Thursday, May 3, 2007
Dear Friend of GATA and Gold:
GATA clubs are proliferating -- not as fast as fiat money but faster than you can get a straight answer from a central banker.
The next meeting of the GATA club in Melbourne, Australia, will be a fancy lunch at 12:30 p.m. Wednesday, May 30, in a private upstairs room at the Pier Hotel in Port Melbourne
Asia will start its own currency pool so it can dump IMF
Submitted by cpowell on Thu, 2007-05-03 20:50 Section: Daily DispatchesAsia Likely to Draw on $2.7 Trillion
in Reserves to Safeguard Currencies
By Shamim Adam
Bloomberg News Service
Thursday, May 3, 2007
http://www.bloomberg.com/apps/news?pid=20601080&sid=aIKwOaFW43dk&refer=asia
Canada exhausts its gold reserves to make one big souvenir coin
Submitted by cpowell on Thu, 2007-05-03 20:32 Section: Daily DispatchesBy Alexandre Deslongchamps
Bloomberg News Service
Thursday, May 3, 2007
http://www.bloomberg.com/apps/news?pid=20601082&sid=aeCwEp0qT3P4&refer=c...
OTTAWA -- The Royal Canadian Mint today unveiled a gold coin that's as big as a car wheel and as thick as a hardcover novel, in a bid to help win business lost to global competitors.
European junk bond supply grows dramatically
Submitted by cpowell on Wed, 2007-05-02 20:20 Section: Daily DispatchesBy David Oakley and Saskia Scholtes
Financial Times, London
Wednesday, May 2, 2007
http://www.ft.com/cms/s/e9b0d016-f8d5-11db-a940-000b5df10621.html
The European junk bond market grew dramatically in the first quarter of this year in a powerful sign that the world economy is in robust health.
Blanchard Research: Central banks are biggest factors in gold market
Submitted by cpowell on Wed, 2007-05-02 18:34 Section: Daily Dispatches6:25p ET Wednesday, May 2, 2007
Dear Friend of GATA and Gold:
Some gold market analysts pretend that the Western central banks have no special influence in the gold market. Today's Blanchard Economic Research Unit daily note by Neal Ryan describes in detail how, to the contrary, the central banks are the biggest and most influential players in that market, at least for the time being.
Hedge fund risk worst since LTCM crash, Fed report says
Submitted by cpowell on Wed, 2007-05-02 18:18 Section: Daily DispatchesBy Pedro Nicolaci da Costa
Reuters
Wednesday, May 2, 2007
http://today.reuters.com/news/articleinvesting.aspx?type=fundsFundsNews&...
Unhappy with its share price, Barrick may diversify
Submitted by cpowell on Wed, 2007-05-02 18:13 Section: Daily DispatchesLumber milling for paper might fit right in with the company's strategic plan....
* * *
Barrick Share Price
May Spark Diversification
By Cameron French
Reuters
Wednesday, May 2, 2007
http://ca.today.reuters.com/news/newsArticle.aspx?type=businessNews&stor...
Resource Investor: Central banks frantically hasten gold sales
Submitted by cpowell on Wed, 2007-05-02 17:57 Section: Daily DispatchesBy Jon A. Nones
Resource Investor
Wednesday, May 2, 2007
As bullion continues to consolidate around $670/oz, central banks within the Central Bank Gold Agreement have frantically quickened the pace of gold sales. Gold bugs debate whether sales will continue at this rate and what this could mean for the market.
Quick and huge profits made in Dow Jones calls
Submitted by cpowell on Wed, 2007-05-02 00:00 Section: Daily DispatchesSome of Best Bets
Added Monday,
Before News of Bid
By Mohammed Hadi
The Wall Street Journal
Tuesday, May 2, 2007
Some option traders found themselves sitting on massive profits in positions on Dow Jones & Co. after word that News Corp. has offered to buy the company.
Butler says silver now rarer than gold, and Phillips endorses gold manipulation complaint
Submitted by cpowell on Tue, 2007-05-01 22:54 Section: Daily Dispatches10:50p ET Tuesday, May 1, 2007
Dear Friend of GATA and Gold:
Two commentaries at GoldSeek tonight are required reading.
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