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Daily Dispatches
Money market funds requiring props as credit crisis spreads
Submitted by cpowell on Tue, 2007-11-13 20:13 Section: Daily DispatchesBanks Prop Up Money Market Funds
By Deborah Brewster and Saskia Scholtes
Financial Times, London
Tuesday, November 13, 2007
http://www.ft.com/cms/s/0/39e0b806-922a-11dc-8981-0000779fd2ac.html?ncli...
Randy Strauss: Only gold solves the international currency problem
Submitted by cpowell on Tue, 2007-11-13 19:45 Section: Daily Dispatches7:30p ET Tuesday, November 13, 2007
Dear Friend of GATA and Gold:
Randy Strauss of Centennial Precious Metals in Denver and its wonderful USAGold.com Forum (http://www.usagold.com/cpmforum/) today commented incisively there about the turmoil in the currency markets.
Strauss wrote:
New currency market rig tops finance ministers' agenda
Submitted by cpowell on Tue, 2007-11-13 15:29 Section: Daily DispatchesPaulson Boxed In By 'Strong-Dollar' Chant
By Christopher Anstey and Kevin Carmichael
Bloomberg News Service
Tuesday, November 13, 2007
http://www.bloomberg.com/apps/news?pid=20601109&sid=atBJvH_zVmsA&refer=home
As U.S. Treasury Secretary Henry Paulson prepares to meet counterparts representing the world's biggest economies, he carries some extra baggage on the plane to Africa.
Ted Butler: The cop on the beat
Submitted by cpowell on Tue, 2007-11-13 13:09 Section: Daily Dispatches1p ET Tuesday, November 13, 2007
Dear Friend of GATA and Gold:
Dollar drop puts UAE at 'crossroads' on currency link
Submitted by cpowell on Tue, 2007-11-13 13:00 Section: Daily DispatchesBy Matthew Brown
Bloomberg News Service
Tuesday, November 13, 2007
http://www.bloomberg.com/apps/news?pid=20601083&sid=aw0Fnv46l3Cg&refer=c...
DUBAI -- The United Arab Emirates may drop the dirham's peg to the dollar after the country's central bank governor indicated that the weakening U.S. currency was forcing him to rethink its currency policy, analysts said.
Redburn Partners vindicates GATA in 'Gold War' report
Submitted by cpowell on Tue, 2007-11-13 09:03 Section: Daily Dispatches12:10p ET Tuesday, November 13, 2007
Dear Friend of GATA and Gold:
Let 'em eat banknotes: British food prices soar
Submitted by cpowell on Mon, 2007-11-12 22:48 Section: Daily DispatchesFastest Rise in Food Prices in 14 Years
By Harry Wallop
The Telegraph, London
Tuesday, November 13, 2007
http://www.telegraph.co.uk/news/main.jhtml;jsessionid=2U3VCEFDE1WZBQFIQM...
Food prices are increasing at their highest rate for more than a decade, official figures showed yesterday.
No free market here: Japan threatens currency speculators
Submitted by cpowell on Mon, 2007-11-12 22:25 Section: Daily DispatchesFukuda Warns on Rapid Rise in Yen
By David Pilling
Financial Times, London
Monday, November 12, 2007
http://www.ft.com/cms/s/0/a7a70b58-914c-11dc-9590-0000779fd2ac.html
TOKYO -- The yen is appreciating "too fast" and speculators need to "be careful," Yasuo Fukuda, Japan's prime minister, warned in an interview with the Financial Times on Monday.
E*Trade sinks 59% on losses and fear of bankruptcy
Submitted by cpowell on Mon, 2007-11-12 18:50 Section: Daily DispatchesBy Anupreeta Das
Reuters
via Yahoo News
Monday, November 12, 2007
http://news.yahoo.com/s/nm/20071112/bs_nm/etrade_shares_dc;_ylt=AtlM1wZc...
Did the central banks REALLY 'blow it' with gold?
Submitted by cpowell on Mon, 2007-11-12 14:34 Section: Daily Dispatches2:30p ET Monday, November 12, 2007
Dear Friend of GATA and Gold:
Give the analyst below some credit for noting the incongruity in central bank sales of gold in a sharply rising market. But he gets no credit for failing to pose some obvious questions, starting with: What less-visible benefit might accrue to central banks selling gold?
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