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Daily Dispatches
Hedge fund losses prompt exits as deadline nears
Submitted by cpowell on Tue, 2007-08-14 11:49 Section: Daily DispatchesBy Svea Herbst-Bayliss
Reuters
Tuesday, August 14, 2007
http://www.reuters.com/article/businessNews/idUSN1334595320070814
BOSTON -- For hedge funds, August 15 may be D-Day, when investors rattled by heavy losses demand their money back from big and small portfolios alike.
Learn from Rome's fall or else, U.S. comptroller general warns
Submitted by cpowell on Mon, 2007-08-13 23:23 Section: Daily DispatchesBy Jeremy Grant
Financial Times, London
Tuesday, August 14, 2007
http://www.ft.com/cms/s/80fa0a2c-49ef-11dc-9ffe-0000779fd2ac.html
James Turk: Patterns that reveal gold price capping
Submitted by cpowell on Mon, 2007-08-13 12:43 Section: Daily Dispatches12:38p ET Monday, August 13, 2007
Dear Friend of GATA and Gold:
In a new essay, GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, has plotted the price of gold against the Dow Jones Industrial Average to illustrate patterns of suppression of the gold price.
China reports inflation up sharply
Submitted by cpowell on Mon, 2007-08-13 12:23 Section: Daily DispatchesBy Joe McDonald
Associated Press
via Yahoo News
Monday, August 13, 2007
http://news.yahoo.com/s/ap/20070813/ap_on_bi_ge/china_inflation;_ylt=AhL...
Central banks continue market intervention but at reduced levels
Submitted by cpowell on Mon, 2007-08-13 12:11 Section: Daily DispatchesCentral Banks Extend Liquidity Provisions
By Chris Flood
Financial Times, London
Monday, August 13, 2007
http://www.ft.com/cms/s/737f70f0-497f-11dc-9ffe-0000779fd2ac.html
Central banks continued their battle to restore normal trading conditions to the global money market by injecting emergency liquidity for a third consecutive trading session on Monday.
Currency swap expected from Fed and ECB
Submitted by cpowell on Sun, 2007-08-12 21:29 Section: Daily DispatchesCentral Banks Seek to Unblock Markets
From the Financial Times, London
Sunday, August 12, 2007
http://www.ft.com/cms/s/f5124170-4910-11dc-b326-0000779fd2ac.html
Central banks are expected to continue intervening in the money markets on Monday in an effort to unblock the financial system after last week's turmoil.
Gene Arensberg: Big markets worry, gold market sleeps?
Submitted by cpowell on Sun, 2007-08-12 21:20 Section: Daily DispatchesBy Gene Arensberg
Resource Investor
Sunday, August 12, 2007
Despite Sean Boyd's help, gold's slumber still mystifies Bloomberg
Submitted by cpowell on Sun, 2007-08-12 21:08 Section: Daily DispatchesGold Trails Treasuries
as Dollar's Fall
Fails to Ignite Rally
By Pham-Duy Nguyen and Saijel Kishan
Bloomberg News Service
Monday, August 13, 2007
http://quote.bloomberg.com/apps/news?pid=20601087&sid=aDBOTFHjF6qY
Gold is going nowhere.
Indonesia would cut Grasberg mine's production by as much as third
Submitted by cpowell on Sun, 2007-08-12 20:43 Section: Daily DispatchesBy Bambang Dwi Djanuarto and Berni Moestafa
Bloomberg News Service
Saturday, August 11, 2007
http://www.bloomberg.com/apps/news?pid=20601080&sid=aOUqEAeS4lAU&refer=asia
James Turk: The search for a safe haven
Submitted by cpowell on Sun, 2007-08-12 08:24 Section: Daily Dispatches8:20a ET Sunday, August 12, 2007
Dear Friend of GATA and Gold:
Suddenly investors are learning about counterparty risk, GoldMoney founder James Turk writes in his latest commentary for that gold-brokerage service.