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Daily Dispatches
OPEC supply expansion said at risk if oil falls below $50
Submitted by cpowell on Sat, 2007-03-03 13:55 Section: Daily DispatchesFrom Agence France-Presse
via Yahoo News
Saturday, March 3, 2007
http://news.yahoo.com/s/afp/20070303/ts_afp/commoditiesopecoilpriceinves...
NICOSIA, Cyprus -- OPEC's $254-billion upstream expansion plan to raise production capacity risks being delayed if oil prices drop below 50 dollars a barrel, the cartel's secretary general has warned.
What the treasury secretary might be telling Asia
Submitted by cpowell on Sat, 2007-03-03 13:41 Section: Daily Dispatches1:41p ET Saturday, March 3, 2007
Dear Friend of GATA and Gold:
The U.S. Treasury Department this week announced that Secretary Henry Paulson will visit Asia next week. Here is Treasury's press release.
* * *
U.S. Treasury Department Press Release
Thursday, March 1, 2007
http://www.treas.gov/press/releases/hp291.htm
Treasury Secretary Paulson
to Visit Tokyo, Seoul, Beijing,
A lousy week, but get a grip
Submitted by cpowell on Fri, 2007-03-02 18:10 Section: Daily Dispatches6p ET Friday, March 2, 2007
Dear Friend of GATA and Gold:
Gold market analyst Peter Grandich, editor of The Grandich Letter, distributed a special alert this evening, explaining why after this week's pounding he couldn't be more bullish on gold. He urges gold investors not to harm themselves before 9:31 a.m. Eastern time Monday. You can find Grandich's special letter at GoldSeek here:
John Embry: Manipulation couldn't be more blatant now
Submitted by cpowell on Fri, 2007-03-02 11:57 Section: Daily Dispatches11:55a ET Friday, March 2, 2007
Dear Friend of GATA and Gold:
James Turk: Almost a record
Submitted by cpowell on Thu, 2007-03-01 18:44 Section: Daily Dispatches6:45p ET Thursday, March 1, 2007
Dear Friend of GATA and Gold:
Credit derivatives volumes soar
Submitted by cpowell on Thu, 2007-03-01 18:24 Section: Daily DispatchesBy Paul J. Davies and Gillian Tett
Financial Times, London
Thursday, March 1, 2007
http://www.ft.com/cms/s/8f667408-c81f-11db-b0dc-000b5df10621.html
Trading volumes in credit derivatives markets hit almost unprecedented levels this week as the market turmoil that continued to infect equities led to wild gyrations in the cost of protecting corporate debt against default.
Top Wall Streeters charged in 'pervasive' insider trading ring
Submitted by cpowell on Thu, 2007-03-01 18:14 Section: Daily DispatchesBy Larry Neumeister
Associated Press
via Yahoo News
Thursday, March 1, 2007
http://news.yahoo.com/s/ap/20070301/ap_on_bi_ge/securities_fraud
Husband and wife lawyers and 11 top Wall Street workers were charged Thursday with making more than $15 million in illegal trading profit through an alleged federal securities fraud scheme, authorities said.
Commodities exchange computer glitch story was a spoof
Submitted by cpowell on Wed, 2007-02-28 13:50 Section: Daily Dispatches1:43p ET Wednesday, February 28, 2007
Dear Friend of GATA and Gold:
As yen carry trade unwinds, U.S. interest rate cut is anticipated
Submitted by cpowell on Tue, 2007-02-27 22:32 Section: Daily DispatchesYen May Gain for Fourth Day
vs. Dollar, Euro on Sales Data
By Min Zeng
Bloomberg News Service
Wednesday, February 28, 2007
http://www.bloomberg.com/apps/news?pid=20601080&sid=a6BAJ8Esjf4A
NEW YORK -- The yen may rise for a fourth day against the dollar and euro before a government report that is forecast to show retail sales in Japan rebounded last month.
Computer glitch suppressed gold price since 1995
Submitted by cpowell on Tue, 2007-02-27 22:17 Section: Daily DispatchesFrom Rooters
Tuesday, February 27, 2007
http://www.reuters.com/article/oddlyenoughnews/idUSL2724139820070227
NEW YORK -- A computer glitch has been understating the price of gold by thousands of dollars per ounce since 1995, the New York Mercantile Exchange announced today in a statement on behalf of its Comex division.
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