You are here
Daily Dispatches
ETF captures 13% of world silver output
Submitted by cpowell on Wed, 2007-05-23 21:25 Section: Daily DispatchesBy Saskia Scholtes
Financial Times, London
Wednesday, May 23, 2007
http://www.ft.com/cms/s/5c9acffe-0953-11dc-a349-000b5df10621.html
NEW YORK -- A single exchange-traded fund captured more than 13 percent of the world's silver output last year, according to data from GFMS, a precious metals consultancy.
It achieved this feat even though it was launched only in April last year.
Shanghai can't find domestic help -- the maids are out day-trading
Submitted by cpowell on Wed, 2007-05-23 02:44 Section: Daily DispatchesChina's New Day-Traders Look to Back 'Black Horses'
By Geoff Dyer
Financial Times, London
Wednesday, May 23, 2007
http://www.ft.com/cms/s/2ca3603c-08cb-11dc-b11e-000b5df10621.html
Ted Butler: The raptors turn on the biggest shorts in silver
Submitted by cpowell on Tue, 2007-05-22 15:06 Section: Daily Dispatches3p ET Tuesday, May 22, 2007
Dear Friend of GATA and Gold:
Blanchard note: Record central bank gold sales offset miners' dehedging
Submitted by cpowell on Tue, 2007-05-22 10:17 Section: Daily Dispatches10:15a ET Tuesday, May 22, 2007
Dear Friend of GATA and Gold:
Today's Blanchard Economic Research note reports that Western central bank gold sales are offsetting the recent dehedging being done by gold mining companies, and that these sales have just reached record levels.
Derivatives grow explosively, BIS reports
Submitted by cpowell on Tue, 2007-05-22 00:43 Section: Daily DispatchesCredit Default Swaps Spur Fastest Derivatives Growth
By Hamish Risk
Bloomberg News Service
Monday, May 21, 2007
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKyV5WdlrDwA
Kuwait unhooks dinar from dollar, signalling possible trend
Submitted by cpowell on Mon, 2007-05-21 20:03 Section: Daily DispatchesBy Wangfen Zhou
MarketWatch.com
Monday, May 21, 2007
http://www.marketwatch.com/news/story/kuwait-unhooks-dinar-dollar-signal...
Trickle of Chinese money could become investment flood
Submitted by cpowell on Mon, 2007-05-21 19:12 Section: Daily DispatchesBy Florian Gimbel
Financial Times, London
Monday, May 21, 2007
http://www.ft.com/cms/s/f5b3acd2-07d8-11dc-9541-000b5df10621.html
HONG KONG -- The decision by China to acquire a $3 billion stake in Blackstone, the US private equity firm, is the first trickle in what is expected to be a flood of overseas investments in the next few years.
MineWeb: Much dehedging in 1st Q, a lot more to come
Submitted by cpowell on Mon, 2007-05-21 17:27 Section: Daily DispatchesBy Rhona O'Connell
MineWeb
Monday, May 21, 2007
LONDON -- The latest quarterly hedge book survey from Societe Generale, compiled for the bank by GFMS Ltd., records that the global delta-adjusted gold mine hedge book contracted by 128 tonnes during the first quarter of this year.
John Dizard: Gold tells a sad story of future asset deflation
Submitted by cpowell on Mon, 2007-05-21 17:09 Section: Daily Dispatches5p ET Monday, May 21, 2007
Dear Friend of GATA and Gold:
John Dizard's column today in the Financial Times, which is appended, is distressingly ironic.
Gold Fields CEO says miners now realize hedging was stupid
Submitted by cpowell on Mon, 2007-05-21 07:26 Section: Daily DispatchesFrom Reuters
Monday, May 21, 2007
http://africa.reuters.com/business/news/usnBAN123005.html
SYDNEY, Australia -- A failure to find the next mother lode was helping prop up gold bullion prices, the head of South Africa's Gold Fields Ltd., the world's fourth-largest gold miner, said on Monday.