Daily Dispatches

Peter Brimelow: Fed's flinch galvanizes gold

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By Peter Brimelow
MarketWatch.com
Sunday, June 29, 2008

http://www.marketwatch.com/news/story/feds-flinch-galvanizes-gold/story....

The Fed flinch galvanizes gold, and the gold bugs think victory is at hand.

IMF undertakes audit of U.S. financial system

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By Gabor Steingart
Der Spiegel, Hamburg, Germany
Thursday, June 26, 2008

http://www.spiegel.de/international/world/0,1518,562291,00.html

Miners to strike major producers in Peru

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By Jean Luis Arce
Reuters
Sunday, June 29, 2008

http://www.reuters.com/article/businessNews/idUSN2934545820080629

LIMA, Peru -- Miners in Peru, the world's leading silver producer and second-largest copper and zinc miner, were readying a strike for midnight on Sunday that will see walkouts at the country's leading pits.

Asian nations may buy shares to aid sagging markets

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By Andrew Wood, Kathrin Hille, and Farhan Bokhari
Financial Times, London
Sunday, June 29, 2008

http://www.ft.com/cms/s/0/f0e5ac24-4606-11dd-9009-0000779fd2ac.html

Max Keiser and Frank Holmes talk about gold on Internet TV

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12:55p ET Sunday, June 29, 2008

Dear Friend of GATA and Gold:

Two of GATA's favorite people have turned up on Internet television in the last few hours to talk about gold.

James Turk: Dollar is on the precipice

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7:07p ET Saturday, June 28, 2008

Dear Friend of GATA and Gold:

Top market riggers to huddle privately Tuesday in Frankfurt

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Treasury's Paulson to Meet ECB's Trichet

By Marc Jones
Reuters
Friday, June 27, 2008

http://www.reuters.com/article/politicsNews/idUSL2745384320080627

FRANKFURT, Germany -- U.S. Treasury Secretary Henry Paulson will meet European Central Bank President Jean-Claude Trichet next week during a trip to Europe to discuss global economic issues.

Options traders bet oil could rise another 40%

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By Robert Campbell
Reuters
Friday, June 27, 2008

http://www.reuters.com/article/reutersEdge/idUSN2742649220080627?sp=true

NEW YORK -- Oil options have spiked to prices that imply crude could rise another 40 percent as recent big moves in the crude contract prompt heavy buying of protection against further price increases.

Barclays warns of disaster as Fed loses all credibility

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By Ambrose Evans-Pritchard
The Telegraph, London
Friday, June 27, 2008

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/27/cnbarc...

Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero."

Oil's rise is mainly dollar's devaluation, OPEC chief says

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OPEC Chief Sees Oil Going to $150-$170

From Reuters
Thursday, June 26, 2008

http://www.reuters.com/article/reutersComService_3_MOLT/idUSPAB004150200...

PARIS -- Crude oil prices could rise to as high as $170 per barrel in the coming months but are unlikely to hit $200 and should ease towards the end of the year, OPEC President Chakib Khelil said in an interview on Thursday.

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