Daily Dispatches

Rio Tinto soars after spurned bid from Billiton

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By Mark Potter and Eric Onstad
Reuters
Thursday, November 8, 2007

http://news.yahoo.com/s/nm/20071108/bs_nm/rio_tinto_bhp_billiton_dc;_ylt...

BHP Billiton has made a long-awaited bid approach to Rio Tinto in a move aimed at creating a $350 billion-plus mining giant, but Rio rejected the all-share proposal as too low.

China aims at dollar but Europe could get hit as euro soars

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By Lisa Twaronite
MarketWatch.com
Wednesday, November 7, 2007

http://www.marketwatch.com/news/story/china-aims-dollar-europe-could/sto...

Gold eyes all-time high on currency crisis fears

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By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, November 7, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/07/bcngol...

Gold has surged to $846 an ounce on fears of a dollar collapse and signs of spreading credit crisis in the United States, coming within a whisker of the all-time high seen at the end of the 1970s inflation era.

Flush with cash, Ron Paul has hopes for New Hampshire

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By Norma Love
Associated Press
via Yahoo News
Wednesday, November 7, 2007

http://news.yahoo.com/s/ap/20071107/ap_on_el_pr/ron_paul_ap_interview;_y...

Fed officials hint at potential for still lower interest rates

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By Ros Krasny
Reuters
via Yahoo News
Wednesday, November 7, 2007

http://news.yahoo.com/s/nm/20071107/bs_nm/usa_fed_dc;_ylt=AijlHAlq905n9G...

MILWAUKEE, Wisconsin -- Federal Reserve officials on Wednesday said more interest rate cuts could be needed if economic growth proves weaker than expected, just a week after hinting that rates would probably stay steady for now.

On the verge of a worldwide currency crisis

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Sarkozy Fears 'Economic War' as Dollar Slides

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, November 8, 2007

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=V3TQOP1R3VY03QFIQ...

Peter Grandich explains support for GATA

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11:35p ET Wednesday, November 7, 2007

Dear Friend of GATA and Gold:

James Turk: Gold's infallible indicator -- six months later

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4:45p ET Wednesday, November 7, 2007

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report and consultant to GATA, has checked his infallible predictor of the gold price and reports that it continues to work perfectly. Turk's new essay is headlined "Gold's Infallible Indicator -- Six Months Later," and you can find it at Kitco here:

Dollar falls to record low on Chinese talk of diversifying reserves

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By Agnes Lovasz and Stanley White
Bloomberg News Service
Wednesday, November 7, 2007

http://www.bloomberg.com/apps/news?pid=20601080&sid=aOiMD2UBRYd8

The dollar fell the most since September against the currencies of its six biggest trading partners after Chinese officials signaled plans to diversify the nation's $1.43 trillion of foreign exchange reserves.

Risk of mortgage securities fire sale mounts

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By David Wighton, Saskia Scholtes, and Gillian Tett
Financial Times, London
Tuesday, November 6, 2007

http://www.ft.com/cms/s/0/17f683c2-8c9b-11dc-b887-0000779fd2ac.html?ncli...

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