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Daily Dispatches
Asia grumbles over apportioning burden of U.S. dollar's potential fall
Submitted by cpowell on Sun, 2007-05-06 13:23 Section: Daily DispatchesAsia's Real Currency Worries May Be Dollar
By Hideyuki Sano
Reuters
Sunday, May 6, 2007
http://www.reuters.com/article/bondsNews/idUST21280820070506
KYOTO, Japan -- Although Asian finance ministers have just agreed on a new contingency measure to defend their currencies, their real concerns appear to be a plunge in the U.S. dollar rather than a rise in their own units.
GATA sympathizers in Alaska may organize
Submitted by cpowell on Sun, 2007-05-06 13:14 Section: Daily Dispatches1:15p ET Sunday, May 6, 2007
Dear Friend of GATA and Gold:
Our friend James Cocallas in Anchorage, Alaska, is the latest to express his willingess to organize a local group of GATA sympathizers. Alaska is a big neighborhood, but then it seems to be full of people who can handle the geography. So if you're interested, you can reach Cocallas at jimak1@gci.net.
Doug Casey: GATA is right
Submitted by cpowell on Sun, 2007-05-06 13:04 Section: Daily DispatchesFrom Doug Casey's International Speculator
May 2007
(Available only by subscription)
Q: In several publications, I have read of suspected collusion among several foreign banks to control the price of gold. Would you address this in a future issue of International Speculator?
Hastened dehedging is surprise; and dishoarding may end soon
Submitted by cpowell on Sat, 2007-05-05 01:52 Section: Daily Dispatches1:50a ET Saturday, May 5, 2007
Dear Friend of GATA and Gold:
Resource Investor's Jon A. Nones reports that dehedging by gold producers has not slowed down as some analysts expected. So Mitsui Global Precious Metals has increased its estimate of likely dehedging for 2007. You can find Nones' report at Resource Investor here:
Tribute to Jim O'Connell shows that fearless journalism survives
Submitted by cpowell on Sat, 2007-05-05 01:38 Section: Daily Dispatches1:37a ET Saturday, May 5, 2007
Dear Friend of GATA and Gold:
Faltering U.S. dollar poses dilemma for equity investors
Submitted by cpowell on Fri, 2007-05-04 15:21 Section: Daily DispatchesBy Michael Mackenzie
Financial Times, London
Thursday, May 3, 2007
http://www.ft.com/cms/s/aa0df34c-f9a4-11db-9b6b-000b5df10621.html
NEW YORK -- Investors in US stocks have viewed the recent decline in the dollar as a green light to buy into large companies with international exposure.
Canadian financial TV journalist Jim O'Connell dies
Submitted by cpowell on Fri, 2007-05-04 10:28 Section: Daily Dispatches10:20a ET Friday, May 4, 2007
Dear Friend of GATA and Gold:
Canada's Business News Network, formerly Report on Business Television, today announced the death of its and Canada's foremost financial journalist, Jim O'Connell, veteran host of the network's "Market Call" program.
Loan derivatives poised for explosive growth
Submitted by cpowell on Thu, 2007-05-03 21:56 Section: Daily DispatchesBy Paul J. Davies
Financial Times, London
Thursday, May 3, 2007
http://www.ft.com/cms/s/bd5ce25a-f9a4-11db-9b6b-000b5df10621.html
The market for derivatives of the risky corporate loans that are generally used to fund private equity buy-out deals is beginning to enjoy improving trading volumes and many are predicting that the next 12 months will see explosive growth.
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