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Daily Dispatches
A perfect storm for gold as mines left empty
Submitted by cpowell on Thu, 2007-11-15 20:53 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, November 15, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/15/bcngol...
The era of "peak gold" has arrived.
Try as they might, miners cannot find enough ore at viable costs to replace their fast-depleting reserves, even if they dig miles into the centre of the earth.
Gulf Arabs increasingly expected to ditch dollar pegs
Submitted by cpowell on Thu, 2007-11-15 20:44 Section: Daily DispatchesBy Peter Garnham
Financial Times, London
Thursday, November 15, 2007
http://www.ft.com/cms/s/0/14499d74-93b0-11dc-acd0-0000779fd2ac.html
Speculation heightened on Thursday that Gulf Arab states were preparing to ditch their currencies' pegs against the dollar as the United Arab Emirates expressed concerns over the policy for the second time this week.
FBI raid on Liberty Dollar confirmed without explanation
Submitted by cpowell on Thu, 2007-11-15 20:33 Section: Daily Dispatches8:25p ET Thursday, November 15, 2007
Dear Friend of GATA and Gold:
Appended here are two news accounts confirming the FBI raid on the office of Liberty Dollar in Evansville, Indiana, which was reported in this morning's GATA Dispatch.
Feds raid Liberty Dollar and seize and freeze everything
Submitted by cpowell on Thu, 2007-11-15 10:16 Section: Daily Dispatches10:15a ET Thursday, November 15, 2007
Dear Friend of GATA and Gold:
The Liberty Dollar organization announced this morning, via the letter appended here, that federal agents today raided its offices in Evansville, Indiana, and confiscated all its property and equipment.
Rogers mocks Bernanke's indifference to dollar's fall
Submitted by cpowell on Thu, 2007-11-15 09:01 Section: Daily DispatchesBy Aaron Pan and Paul Gordon
Bloomberg News Service
Thursday, November 15, 2007
http://www.bloomberg.com/apps/news?pid=20601103&sid=aXH9wCx1oydw
Investor Jim Rogers urged people to get out of the dollar and says he expects to be rid of all his U.S. currency assets by summer next year.
Ron Paul collecting fans and campaign money
Submitted by cpowell on Thu, 2007-11-15 08:52 Section: Daily DispatchesBy Charles Babington
Associated Press
via Yahoo News
Thursday, November 15, 2007
http://news.yahoo.com/s/ap/20071115/ap_po/ron_paul;_ylt=AsW6zUr9FPuyycGm...
WASHINGTON -- Those who dismissed Rep. Ron Paul as a joke in the Republican presidential primary campaign aren't laughing so hard these days.
Gold bugs riding wave of rising prices
Submitted by cpowell on Wed, 2007-11-14 22:29 Section: Daily Dispatches10:28p ET Wednesday, November 14, 2007
Dear Friend of GATA and Gold:
The story appended here from the St. Louis Post-Dispatch cites GATA board member Wistar Holt.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
Gold Bugs Riding Wave of Rising Prices
By David Nicklaus
St. Louis Post-Dispatch
Wednesday, November 14, 2007
Ailing GE 'enhanced' cash fund breaks the buck
Submitted by cpowell on Wed, 2007-11-14 21:43 Section: Daily DispatchesMortgage Woes Damage a GE Bond Fund
By Andrew Bary
Barrons.com
Wednesday, November 14, 2007
http://online.barrons.com/article/SB119499399633791914.html?mod=b_hpp_9_...
Seeing little inflation, Bank of England ready to cut rates
Submitted by cpowell on Wed, 2007-11-14 20:15 Section: Daily DispatchesBy Edmund Conway
The Telegraph, London
Thursday, November 15, 2007
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=AWKBW5TCQZVWLQFIQ...
The Bank of England is poised to cut interest rates as many as three times in an effort to ease the pain of the credit crunch, it indicated today.
Dollar to remain China's main reserve, central banker says
Submitted by cpowell on Wed, 2007-11-14 19:54 Section: Daily DispatchesBy Min Zeng
Bloomberg News Service
Wednesday, November 14, 2007
http://www.bloomberg.com/apps/news?pid=20601080&sid=aKaUJgZica_A
The U.S. dollar will remain the "main currency" in China's $1.43 trillion foreign reserves, said Yi Gang, assistant governor of the People's Bank of China.
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