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Daily Dispatches
Leave hedge funds alone, Fed chairman says
Submitted by cpowell on Tue, 2007-05-15 08:50 Section: Daily DispatchesAt least until they crash -- then bail their big creditors out?
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Market Principles Should Top New Rules, Bernanke Says
From Reuters
Tuesday, May 15, 2007
http://www.reuters.com/article/governmentFilingsNews/idUSN1538553520070515
Central bankers fear the monsters they created -- hedge funds
Submitted by cpowell on Mon, 2007-05-14 21:03 Section: Daily DispatchesThe Secret World of Hedge Funds
By Ambrose Evans-Pritchard
The Telegraph, London
Monday, May 14, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/05/14/ccview...
Visiting London, IMF director threatens gold market again
Submitted by cpowell on Mon, 2007-05-14 20:50 Section: Daily DispatchesIMF Still Eyeing
Gold Sales
to Fill Income Gap
From Reuters
Monday, May 14, 2007
http://www.reuters.com/article/bondsNews/idUSN1430025920070514
LONDON -- The International Monetary Fund is still considering whether to sell 400 tons of its gold stocks to help plug a widening income shortfall, the head of the global lender, Rodrigo Rato, said on Monday.
James Turk: The battle for $700
Submitted by cpowell on Mon, 2007-05-14 15:20 Section: Daily Dispatches3:16p ET Monday, May 14, 2007
Dear Friend of GATA and Gold:
Canada's National Post reports warnings given at CMRE meeting
Submitted by cpowell on Mon, 2007-05-14 08:11 Section: Daily DispatchesHow to Spoil a Good Party
Jacqueline Thorpe
Financial Post (National Post), Toronto
Monday, May 14, 2007
http://www.canada.com/nationalpost/financialpost/story.html?id=05c621f5-...
NEW YORK -- On a sultry spring day in Manhattan, the contrarians -- bears and goldbugs -- are in on the prowl.
China's money supply rises 17%, exceeding target
Submitted by cpowell on Mon, 2007-05-14 01:39 Section: Daily DispatchesBy Nipa Piboontanasawat and Helen Yuan
Bloomberg News Service
Saturday, May 13, 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=aFbsbycbXMbk&refer=home
China's money supply growth exceeded the government target for a third month and lending accelerated, adding pressure on the central bank to raise interest rates.
Independent cooperatives fight nationalizing mines in Bolivia
Submitted by cpowell on Sun, 2007-05-13 20:42 Section: Daily DispatchesIndependent Miners
Confronted in Bolivia
By Dan Keane
Associated Press
via Yahoo News
Sunday, May 13, 2007
http://news.yahoo.com/s/ap/20070513/ap_on_bi_ge/bolivia_miners__pride;_y...
India may tap FX reserves for infrastructure projects
Submitted by cpowell on Sun, 2007-05-13 20:31 Section: Daily DispatchesBy Joe Leahy
Financial Times, London
Sunday, May 13, 2007
http://www.ft.com/cms/s/f62f91a0-017d-11dc-8b8c-000b5df10621.html
MUMBAI -- India's growing currency reserves could be used to finance local infrastructure projects if a scheme being set up with 3i, the UK-based private equity group, receives central bank approval.
Mongolia's gold rush: blessing or curse?
Submitted by cpowell on Sun, 2007-05-13 00:33 Section: Daily DispatchesBy Evan Osnos
Chicago Tribune
Sunday, May 13, 2007
http://www.chicagotribune.com/business/chi-070513mongolia-story,0,171329...
UYANGA, Mongolia -- The air underground was dank and smelled of labor.
Silver prices have Idaho's Silver Valley companies booming
Submitted by cpowell on Sun, 2007-05-13 00:18 Section: Daily DispatchesBy Nicholas K. Geranios
Associated Press
via Helena Independent Record
Helena, Montana
Saturday, May 12, 2007
http://helenair.com/articles/2007/05/12/montana/000silver.txt
KELLOGG, Idaho -- As a precious metal, silver doesn't have the allure of gold. As an investment, it's not as hip as Google.
But dowdy old silver is suddenly chic.