Daily Dispatches

High oil prices likely to increase pressure on the dollar

Submitted by cpowell on Tue, 2008-03-18 23:13 Section: Daily Dispatches

By Steven C. Johnson
Reuters
Tuesday, March 18, 2008

http://www.reuters.com/article/reutersEdge/idUSN1761610620080318

NEW YORK -- The longer oil prices remain above $100, the worse things are likely to get for the U.S. dollar.

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Amsterdam's small currency shops stop taking dollars

Submitted by cpowell on Tue, 2008-03-18 23:04 Section: Daily Dispatches

By Svebor Kranjc
Reuters
Tuesday, March 18, 2008

http://www.reuters.com/article/oddlyEnoughNews/idUSL1758265520080318

AMSTERDAM -- The U.S. dollar's value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands.

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Dollar's fall could explode global yen carry trade

Submitted by cpowell on Tue, 2008-03-18 22:49 Section: Daily Dispatches

By Leo Lewis
The Times, London
Wednesday, March 19, 2008

http://business.timesonline.co.uk/tol/business/economics/article3578467.ece

Deepening misery on Wall Street, prophesies of recession, and the recent freefall of the dollar could set off a $300 billion (L148 billion) time bomb in the global yen carry trade, dealers are warning.

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Ambrose Evans-Pritchard: Bailouts better than returning to 1930s

Submitted by cpowell on Tue, 2008-03-18 22:41 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, March 19, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/19/do1902...

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Ted Butler: Life after Bear Stearns

Submitted by cpowell on Tue, 2008-03-18 14:49 Section: Daily Dispatches

2:50p ET Tuesday, March 18, 2008

Dear Friend of GATA and Gold:

In commentary posted today at GoldSeek's companion site, SilverSeek, silver market analyst Ted Butler reviews new evidence of a shortage of silver. His essay is headlined "Life After Bear Stearns" and you can find it here:

http://news.silverseek.com/TedButler/1205864199.php

CHRIS POWELL, Secretary/Treasurer

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U.S. Global's Holmes sees gold zigzagging to $2,000

Submitted by cpowell on Tue, 2008-03-18 13:10 Section: Daily Dispatches

From MarketWatch.com
Tuesday, March 18, 2008

http://www.marketwatch.com/news/story/story.aspx?guid=%7B301FED8C%2DA4AA...

BOSTON -- Frank Holmes, chief executive officer at U.S. Global Investors, says that gold will hit $2,000 an ounce, and that while the move won't be straight there from current levels, investors should not be surprised by it.

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'Strong euro' is only weak dollar, ECB board member says

Submitted by cpowell on Tue, 2008-03-18 13:00 Section: Daily Dispatches

By Matthew Brockett
Bloomberg News Service
Tuesday, March 18, 2008

http://www.bloomberg.com/apps/news?pid=20601100&sid=a3Hxwy2Mw6EQ

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Fed rallies Wall Street to aid ailing Lehman Brothers

Submitted by cpowell on Mon, 2008-03-17 22:34 Section: Daily Dispatches

By Helen Power and James Quinn
The Telegraph, London
Tuesday, March 18, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/18/cnlehm...

Wall street's leading investment banks have rallied around ailing rival Lehman Brothers after the Federal Reserve Bank of New York urged them to support the institution in order to try to preserve financial stability.