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Daily Dispatches
Jim Sinclair: 13 reasons to be terrified of OTC derivatives
Submitted by cpowell on Thu, 2007-07-05 22:09 Section: Daily DispatchesBy Jim Sinclair
JSMineset.com
Thursday, July 5, 2007
http://www.jsmineset.com
Conde Nast's magazine, "Portfolio -- Business Intelligence," recently carried a story that is shocking even to me. I do not know where they got their numbers but I suspect that they fact-check their articles. The title is "$300 Trillion Time Bomb."
Newmont spends $578 million to close gold hedges early
Submitted by cpowell on Thu, 2007-07-05 17:22 Section: Daily DispatchesCompany Press Release
via PRNewswire
Thursday, July 5, 2007
http://biz.yahoo.com/prnews/070705/lath054.html?.v=101
DENVER -- Newmont Mining Corp. today announced the elimination of its entire 1.85 million-ounce gold hedge position, establishing the company as the world's largest unhedged gold producer.
Credit derivatives blowup threatens Italian bank
Submitted by cpowell on Wed, 2007-07-04 20:03 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, July 4, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/03/bcnita...
A derivative blow-up at the Italian bank Italease has sent tremors through Milan's banking fraternity and exposed the hidden dangers of exotic credit instruments.
A mortgage-securities hedge fund suspends redemptions
Submitted by cpowell on Wed, 2007-07-04 11:33 Section: Daily DispatchesBy Vikas Bajaj
The New York Times
Wednesday, July 4, 2007
http://www.nytimes.com/2007/07/04/business/04bonds.html?_r=1&ref=business&o
In another sign that troubles in the mortgage market are spreading, a prominent hedge fund that specializes in bonds backed by home loans has suspended redemption requests by investors.
Ted Butler: The raptors rumble
Submitted by cpowell on Tue, 2007-07-03 22:16 Section: Daily Dispatches10:15p ET Tuesday, July 3, 2007
Dear Friend of GATA and Gold:
Credit crunch will 'shred investment portfolios to ribbons'
Submitted by cpowell on Tue, 2007-07-03 21:34 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, July 4, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/02/bcncru...
The near collapse of two Bear Stearns hedge funds has lifted the rock on our 21st century mutant capitalism, exposing the bugs beneath to a rare shock of naked light.
Ron Paul honored in metal in advance of his election
Submitted by cpowell on Tue, 2007-07-03 16:47 Section: Daily Dispatches4:49p ET Tuesday, July 3, 2007
Dear Friend of GATA and Gold:
Teck Cominco offers 29% premium for Aur Resources
Submitted by cpowell on Tue, 2007-07-03 08:59 Section: Daily DispatchesFrom Reuters
via Yahoo News
Tuesday, July 2, 2007
http://news.yahoo.com/s/nm/20070703/bs_nm/teck_aur_dc;_ylt=AqFVv0t2igQa2...
TORONTO -- Teck Cominco said on Tuesday it would buy Aur Resources in a friendly cash and stock offer worth C$4.1 billion ($3.87 billion), boosting the base metal giant's copper production.
Mining-state senators want cap gains tax cut for metals
Submitted by cpowell on Tue, 2007-07-03 00:10 Section: Daily DispatchesCrapo, Reid Seek Reductions
in Precious Metals Taxes
Fair Treatment for
Precious Metals Investment Act
Lowers Capital Gains Rate
U.S. Senate Press Release
Tuesday, June 5, 2007
http://crapo.senate.gov/media/newsreleases/release_full.cfm?id=275532
David Bond: Silver Summit 2007 -- a magical mystery tour
Submitted by cpowell on Mon, 2007-07-02 20:54 Section: Daily Dispatches8:45p ET Monday, July 2, 2007
Dear Friend of GATA and Gold:
The call for the 2007 Silver Summit, to be held in September in the fabled Silver Valley of northern Idaho, was proclaimed today by David Bond, editor of the Silver Valley Mining Journal.