Central banks seen rescuing dollar with more gold sales

Section:

Maybe even Bloomberg's Claudia Carpenter
can figure it out now....

* * *

Gold Falls as Central Banks Increase Sales

By Claudia Carpenter
Bloomberg News Service
Wednesday, July 25, 2007

http://www.bloomberg.com/apps/news?pid=20602013&sid=aCT2RPgqCI6A&refer=c...

Italy to rescue bank from derivatives blowup

Section:

By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, July 25, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/25/cnital...

Board members of the Italian bank Italease were in emergency session last night amid reports that the central bank may step in following huge losses on the derivatives markets.

Former Malaysian leader renews call for gold dinar

Section:

By Harpreet Bhal
The Edge, Petaling Jaya, Malaysia
Wednesday, July 25, 2007

http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Artic...

Ted Butler: Still the same

Section:

12:52p ET Tuesday, July 24, 2007

Dear Friend of GATA and Gold:

Ambrose Evans-Pritchard: When will gold go ballistic?

Section:

By Ambrose Evans-Pritchard
The Telegraph, London
Monday, July 23, 2007

http://blogs.telegraph.co.uk/business/ambrosevanspritchard/july07/eurocr...

A lot of readers have asked why I duck the issue of gold when talking about the dollar crisis and the M3 monetary blow-off.

So here we go:

Adjusted for falling dollar, oil earning less for OPEC

Section:

By Javier Blas
Financial Times, London
Tuesday, July 24, 2007

http://www.ft.com/cms/s/d2b3da82-397d-11dc-ab48-0000779fd2ac.html

LONDON -- The falling US dollar is lowering the Organisation of the Petroleum Exporting Countries' purchasing power by up to a third, making the powerful oil cartel more reluctant to increase production and cut prices.

Paulson supports a strong dollar -- and a weaker one

Section:

Paulson Backs Strong U.S. Dollar

From Reuters
Monday, July 23, 2007

http://today.reuters.com/news/articleinvesting.aspx?type=bondsNews&story...

Mint's reply to Liberty Dollar's lawsuit is a wonderful hypocrisy

Section:

9p ET Monday, July 23, 2007

Dear Friend of GATA and Gold:

After requiring several delays, the U.S. Mint at last has responded to Liberty Dollar's federal lawsuit seeking a declaratory judgment that use of Liberty Dollar's metallic disks (we mustn't say "coins") in barter transactions is legal and not the federal crime the Mint claimed it to be last September.

James Turk: Getting ready for $700

Section:

8a ET Monday, July 23, 2007

Dear Friend of GATA and Gold:

Peter Brimelow: Gold to test $720?

Section:

By Peter Brimelow
MarketWatch.com
Monday, July 23, 2007

http://www.marketwatch.com/news/story/gold-test-720-ounce/story.aspx?gui...

NEW YORK -- Gold's on a roll (again). And the gold bugs are gloating.