Daily Dispatches

No hiding huge inflation in Britain anymore


Families Hit With L1,300 Rise in Cost of Living

By Harry Wallop
The Telegraph, London
Tuesday, February 12, 2008


Families are having to pay an extra L1,300 a year in household bills as food and fuel prices rise at their fastest rate for 17 years.

Saudi official says riyal's peg to dollar will continue


By Michael Peltier
Monday, February 11, 2008


TALLAHASSEE, Florida -- Saudi Arabia's currency and oil price will remain tied to the U.S. dollar despite its current weak valuation, Saudi Minister of State Abdullah Alireza said on Monday.

Governments said ready to intervene if markets become 'irrational'


As in "whatever governments disagree with."

* * *

G7 Discussed Joint Action
to Calm Financial Markets

From Reuters
Monday, February 11, 2008


John Stepek: Why the rising gold price is a headache for G7


By John Stepak
MoneyWeek, London
Monday, February 11, 2008


My colleague Dominic Frisby wrote the other day about whether the gold price is being manipulated:


James Turk: Silver is leading


8a MT Monday, February 11, 2008

Dear Friend of GATA and Gold:

Peter Brimelow: Gold's path to $1,000 now clear?


By Peter Brimelow
Monday, February 11, 2008


NEW YORK -- Gold dodged a bullet this past week. Gold bugs think this might have been the bears' last shot, and the path to $1,000 is now clear.

No third-party presidential candidacy for Paul


By the Associated Press
via Yahoo News
Saturday, February 9, 2008


HOUSTON -- Presidential hopeful Ron Paul said he will not run as a third-party candidate in a new message to supporters that seems to recognize his slim chances at getting the Republican nomination.

Ambrose Evans-Pritchard: Japan is the next sub-prime flashpoint


By Ambrose Evans-Pritchard
The Telegraph, London
Sunday, February 10, 2008


Just as battered investors had begun to glimpse signs of recovery in America, the next shoe has dropped with an almighty thud in Japan. Echoes are rumbling across the Far East.

Jim Sinclair: Any IMF sales will be great for gold


By Jim Sinclair
Saturday, February 9, 2008

China has a trillion dollars in reserves and wishes to offload dollars, and this is a perfect fit. The year of the rat is a year of opportunity for some.

Any sales of gold have nothing to do with the market for gold, as not one ounce will ever see the free market.

The buyers will be gold-poor central banks.

GATA's ad reaches national audience in South Africa


12:01p MT Saturday, February 9, 2008

Dear Friend of GATA and Gold:

Thanks to our friends who call themselves South Africans for a Free Gold Market, GATA's full-page color ad published in The Wall Street Journal on January 31 was published on Friday, also on a full page in color, in South Africa's national financial daily newspaper, Business Day.

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