Daily Dispatches

Democrats would unload junk mortgages onto Fannie and Freddie

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Democrats Call for Action on Mortgage Crisis

By Andrew Ward and Stephanie Kirchgaessner
Financial Times, London
Tuesday, August 7, 2007

http://www.ft.com/cms/s/2842ea82-450f-11dc-82f5-0000779fd2ac.html

Chinese scholar warns U.S. to lay off currency issue

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By He Fan
China Daily, Beijing
Tuesday, August 7, 2007

http://www.chinadaily.com.cn/opinion/2007-08/07/content_5448940.htm

The reform to China's exchange regime is being carried out in a market-oriented means toward a long-term target. Turing it into a political issue would only harm the process or even tarnish the ultimate target itself.

China threatens 'nuclear option' of dollar sales

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By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, August 7, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchi...

The Chinese government has begun a concerted campaign of economic threats against the United States, hinting that it may liquidate its vast holding of US treasuries if Washington imposes trade sanctions to force a yuan revaluation.

MineWeb: Spain's central bank sells another 25 tonnes

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By Rhona O'Connell
MineWeb
Tuesday, August 7, 2007

Mike Kosares: Disturbing trends make the case for gold

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8:20a ET Tuesday, August 7, 2007

Dear Friend of GATA and Gold:

James Turk: Two weeks closer to $700

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8:55a ET Monday, August 6, 2007

Dear Friend of GATA and Gold:

Richard Russell still going strong at 83 (and reading LeMetropole Cafe)

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By Peter Brimelow
MarketWatch.com
Sunday, August 5, 2007

http://www.marketwatch.com/news/story/famed-adviser-russell-83-still/sto...

Jim Sinclair: How to spot manipulative late and after-hours trading

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By Jim Sinclair
JSMineSet.com
Sunday, August 5, 2007

http://www.jsmineset.com/home.asp

If only the CFTC cared as much about gold ... or at all

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Marathon to Pay $1 Million
for Manipulating Oil Market

From Reuters
Wednesday, August 1, 2007

http://www.reuters.com/article/companyNewsAndPR/idUSN0134325020070801

WASHINGTON -- Marathon Petroleum Co. will pay a $1 million civil penalty to settle U.S. government charges that the company tried to manipulate crude oil markets, the Commodity Futures Trading Commission said on Wednesday.

Shipping costs rise to record on Chinese demand

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By Javier Blas
Financial Times, London
Sunday, August 5, 2007

http://www.ft.com/cms/s/d5448e54-4378-11dc-a065-0000779fd2ac.html

LONDON -- The cost of shipping dry bulk commodities, such as coal, iron ore, and cereals, has surged to a new high boosted by strong demand, port congestion, and a significant lengthening of trade routes.

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