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Daily Dispatches
Gold eyes all-time high on currency crisis fears
Submitted by cpowell on Thu, 2007-11-08 01:15 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, November 7, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/07/bcngol...
Gold has surged to $846 an ounce on fears of a dollar collapse and signs of spreading credit crisis in the United States, coming within a whisker of the all-time high seen at the end of the 1970s inflation era.
Flush with cash, Ron Paul has hopes for New Hampshire
Submitted by cpowell on Thu, 2007-11-08 00:37 Section: Daily DispatchesBy Norma Love
Associated Press
via Yahoo News
Wednesday, November 7, 2007
http://news.yahoo.com/s/ap/20071107/ap_on_el_pr/ron_paul_ap_interview;_y...
Fed officials hint at potential for still lower interest rates
Submitted by cpowell on Thu, 2007-11-08 00:31 Section: Daily DispatchesBy Ros Krasny
Reuters
via Yahoo News
Wednesday, November 7, 2007
http://news.yahoo.com/s/nm/20071107/bs_nm/usa_fed_dc;_ylt=AijlHAlq905n9G...
MILWAUKEE, Wisconsin -- Federal Reserve officials on Wednesday said more interest rate cuts could be needed if economic growth proves weaker than expected, just a week after hinting that rates would probably stay steady for now.
On the verge of a worldwide currency crisis
Submitted by cpowell on Thu, 2007-11-08 00:24 Section: Daily DispatchesSarkozy Fears 'Economic War' as Dollar Slides
By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, November 8, 2007
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=V3TQOP1R3VY03QFIQ...
Peter Grandich explains support for GATA
Submitted by cpowell on Wed, 2007-11-07 23:40 Section: Daily Dispatches11:35p ET Wednesday, November 7, 2007
Dear Friend of GATA and Gold:
James Turk: Gold's infallible indicator -- six months later
Submitted by cpowell on Wed, 2007-11-07 16:43 Section: Daily Dispatches4:45p ET Wednesday, November 7, 2007
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, has checked his infallible predictor of the gold price and reports that it continues to work perfectly. Turk's new essay is headlined "Gold's Infallible Indicator -- Six Months Later," and you can find it at Kitco here:
Dollar falls to record low on Chinese talk of diversifying reserves
Submitted by cpowell on Wed, 2007-11-07 08:21 Section: Daily DispatchesBy Agnes Lovasz and Stanley White
Bloomberg News Service
Wednesday, November 7, 2007
http://www.bloomberg.com/apps/news?pid=20601080&sid=aOiMD2UBRYd8
The dollar fell the most since September against the currencies of its six biggest trading partners after Chinese officials signaled plans to diversify the nation's $1.43 trillion of foreign exchange reserves.
Risk of mortgage securities fire sale mounts
Submitted by cpowell on Tue, 2007-11-06 23:07 Section: Daily DispatchesBy David Wighton, Saskia Scholtes, and Gillian Tett
Financial Times, London
Tuesday, November 6, 2007
http://www.ft.com/cms/s/0/17f683c2-8c9b-11dc-b887-0000779fd2ac.html?ncli...
Dollar falls off cliff; 'Midas' commentary posted at GoldSeek
Submitted by cpowell on Tue, 2007-11-06 22:24 Section: Daily Dispatches10:25p ET Tuesday, November 6, 2007
Dear Friend of GATA and Gold:
The U.S. dollar index seems to have fallen off a cliff late this evening Eastern time:
Downgrade of bond insurers may prompt new credit panic
Submitted by cpowell on Tue, 2007-11-06 19:11 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, November 6, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/06/bcnfit...
Fitch Ratings has threatened to downgrade a clutch of top US bond insurers in a move that could set off a fresh credit crisis and cause contagion across America's $2,400 billion (L1,150 billion) municipal bond market.
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