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Daily Dispatches
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.
There's a lot of money floating around with nothing to do
Submitted by cpowell on Sat, 2007-05-12 18:41 Section: Daily DispatchesIf its owners had any sense, they'd buy something real, shiny, and yellow.
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Wall of Money Chasing Exotic Hedge Funds
By James Mackintosh
Financial Times, London
Saturday, May 12, 2007
http://www.ft.com/cms/s/fd330478-0024-11dc-8c98-000b5df10621.html
Disinformation about gold from The Globe and Mail
Submitted by cpowell on Sat, 2007-05-12 09:18 Section: Daily Dispatches9:15a ET Saturday, May 12, 2007
Dear Friend of GATA and Gold:
Toronto's Globe and Mail today provides an example of the worst of journalism -- a story full of attitudinizing mockery that contains hints of its own contradiction but carefully avoids pursuing them or even allowing its targets to speak for themselves, concluding with an anonymous attack.
Business News Network interviews Peter Grandich
Submitted by cpowell on Sat, 2007-05-12 08:29 Section: Daily Dispatches8:25a ET Saturday, May 12, 2007
Dear Friend of GATA and Gold:
Blanchard research note: Spain is latest to try to clobber gold
Submitted by cpowell on Fri, 2007-05-11 11:05 Section: Daily Dispatches11a ET Friday, May 11, 2007
Dear Friend of GATA and Gold:
Today's research note from Neal Ryan of Blanchard & Co. reports a huge sale of gold by Spain's central bank, more evidence of the intensifying struggle of the central banks to suppress gold at this particular time. You can find the Blanchard research note at GoldSeek here:
Foreign bondholders seen undeterred by weak dollar
Submitted by cpowell on Fri, 2007-05-11 09:28 Section: Daily DispatchesBy Lucia Mutikani
Reuters
Friday, May 11, 2007
http://www.reuters.com/article/reutersEdge/idUSN1046448720070511?src=051...
NEW YORK -- Foreign appetite for U.S. Treasuries is unlikely to wane despite the dollar's slump, thanks to China's slow pace of currency reforms and a large pool of petrodollars that need to be recycled.
China will diversify mainly with new dollars, not old ones
Submitted by cpowell on Fri, 2007-05-11 01:13 Section: Daily DispatchesFrom China Daily, Beijing
via Xinhuanet.com
Friday, May 11, 2007
http://news.xinhuanet.com/english/2007-05/11/content_6083732.htm
BEIJING -- The central bank said yesterday that the country will not sell large amounts of U.S. dollar-denominated assets to diversify its foreign exchange reserves.
CMRE audience wonders why gold falls hard on bad news for dollar
Submitted by cpowell on Fri, 2007-05-11 00:21 Section: Daily Dispatches12:14a ET Friday, May 11, 2007
Dear Friend of GATA and Gold:
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