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Daily Dispatches
MineWeb notes GATA campaign for Fed, Treasury gold documents
Submitted by cpowell on Mon, 2007-12-10 08:54 Section: Daily Dispatches8:53a ET Monday, December 10, 2007
Dear Friend of GATA and Gold:
MineWeb's Dorothy Kosich takes note of GATA's campaign to compel the U.S. Federal Reserve and Treasury Department to disclose documents about swaps of U.S. gold reserves. You can find the MineWeb report here:
http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=41691&sn=Detail
CHRIS POWELL, Secretary/Treasurer
Blackstone reported assembling China bid for Rio Tinto
Submitted by cpowell on Mon, 2007-12-10 08:50 Section: Daily DispatchesBy David Litterick
The Telegraph, London
Monday, December 10, 2007
http://www.telegraph.co.uk/money/main.jhtml;jsessionid=VNDKSWF4XJY53QFIQ...
Rio Tinto shares climbed in London trading after the Daily Telegraph revealed that private equity firm Blackstone is planning an audacious break-up bid for the miner.
UBS admits $10 billion subprime loss, gets rescue from Singapore
Submitted by cpowell on Mon, 2007-12-10 08:44 Section: Daily DispatchesBy Andrew Hurst
Reuters
Monday,December 10, 2007
http://www.reuters.com/article/ousiv/idUSL1049891520071210
ZURICH, Switzerland -- UBS revealed a $10 billion writedown and an emergency injection of funds from Singapore and the Middle East, making it the biggest victim of the U.S. subprime crisis to date among major European banks.
Brazil plans sovereign wealth fund to counter rising currency
Submitted by cpowell on Sun, 2007-12-09 23:55 Section: Daily DispatchesBy Jonathan Wheatley
Financial Times, London
Sunday, December 9, 2007
http://www.ft.com/cms/s/0/a0a3dcc8-a687-11dc-b1f5-0000779fd2ac.html?ncli...
SAO PAULO, Brazil -- Brazil will create a sovereign wealth fund with the primary aim of intervening in foreign exchange markets to counter the appreciation of Brazil's currency, according to finance minister, Guido Mantega.
Mortgage rate freeze aims to conceal fraud by banks
Submitted by cpowell on Sun, 2007-12-09 23:44 Section: Daily DispatchesInterest rate 'freeze':
The real story is fraud
By Sean Olender
San Francisco Chronicle
Sunday, December 9, 2007
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/12/09/IN5BTNJ2V.DTL
Peter Brimelow: Does gold have one more rally left in 2007?
Submitted by cpowell on Sun, 2007-12-09 23:27 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Sunday, December 9, 2007
http://www.marketwatch.com/news/story/does-gold-have-one-more/story.aspx...
NEW YORK -- Over the past few decades, gold has been quite often closed the year advancing on a blow-off peak.
Fed seems poised to lower interest rates again Tuesday
Submitted by cpowell on Sun, 2007-12-09 12:30 Section: Daily DispatchesBy Jeannine Aversa
Associated Press
via Yahoo News
Sunday, December 9, 2007
http://news.yahoo.com/s/ap/20071209/ap_on_go_ot/fed_interest_rates;_ylt=...
NYTimes: Gold's quirk -- It's volatile, but holders feel secure
Submitted by cpowell on Sat, 2007-12-08 16:23 Section: Daily DispatchesBy Jane Birnbaum
The New York Times
Saturday, December 8, 2007
http://www.nytimes.com/2007/12/08/business/yourmoney/08money.html?_r=2&o...
Gulf oil producers plan currency revaluation talks
Submitted by cpowell on Sat, 2007-12-08 16:04 Section: Daily DispatchesBy Mohammed Abbas
Reuters
Saturday, December 8, 2007
http://www.reuters.com/article/ousiv/idUSL0867609420071208
MANAMA, Bahrain -- Gulf Arab oil producers are considering revaluing their dollar-pegged currencies together and will hold talks on a change in the exchange rates "in the next few days," Bahrain's foreign minister said Saturday.
John Embry: Gold gleams as central bank influence wanes
Submitted by cpowell on Fri, 2007-12-07 17:05 Section: Daily Dispatches5p ET Friday, December 7, 2007
Dear Friend of GATA and Gold:
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