Daily Dispatches

Brazil plans sovereign wealth fund to counter rising currency

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By Jonathan Wheatley
Financial Times, London
Sunday, December 9, 2007

http://www.ft.com/cms/s/0/a0a3dcc8-a687-11dc-b1f5-0000779fd2ac.html?ncli...

SAO PAULO, Brazil -- Brazil will create a sovereign wealth fund with the primary aim of intervening in foreign exchange markets to counter the appreciation of Brazil's currency, according to finance minister, Guido Mantega.

Mortgage rate freeze aims to conceal fraud by banks

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Interest rate 'freeze':
The real story is fraud

By Sean Olender
San Francisco Chronicle
Sunday, December 9, 2007

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/12/09/IN5BTNJ2V.DT...

Peter Brimelow: Does gold have one more rally left in 2007?

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By Peter Brimelow
MarketWatch.com
Sunday, December 9, 2007

http://www.marketwatch.com/news/story/does-gold-have-one-more/story.aspx...

NEW YORK -- Over the past few decades, gold has been quite often closed the year advancing on a blow-off peak.

Fed seems poised to lower interest rates again Tuesday

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By Jeannine Aversa
Associated Press
via Yahoo News
Sunday, December 9, 2007

http://news.yahoo.com/s/ap/20071209/ap_on_go_ot/fed_interest_rates;_ylt=...

NYTimes: Gold's quirk -- It's volatile, but holders feel secure

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By Jane Birnbaum
The New York Times
Saturday, December 8, 2007

http://www.nytimes.com/2007/12/08/business/yourmoney/08money.html?_r=2&o...

Gulf oil producers plan currency revaluation talks

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By Mohammed Abbas
Reuters
Saturday, December 8, 2007

http://www.reuters.com/article/ousiv/idUSL0867609420071208

MANAMA, Bahrain -- Gulf Arab oil producers are considering revaluing their dollar-pegged currencies together and will hold talks on a change in the exchange rates "in the next few days," Bahrain's foreign minister said Saturday.

John Embry: Gold gleams as central bank influence wanes

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5p ET Friday, December 7, 2007

Dear Friend of GATA and Gold:

GATA press release about campaign to wrest gold info from U.S. govt.

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10:45a ET Friday, December 7, 2007

Dear Friend of GATA and Gold:

GATA's international press release about the start of its campaign to compel the U.S. Federal Reserve and U.S. Treasury Department to disclose documents about the disposition of U.S. gold reserves has been posted at Business Wire here:

Britain's rate cut opens gulf with European Central Bank

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By Chris Giles and Ralph Atkins
Financial Times, London
Thursday, December 6, 2007

http://www.ft.com/cms/s/0/9647583a-a3ea-11dc-a28d-0000779fd2ac.html

Market fears Bank of England has lost control of rates

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By Edmund Conway
The Telegraph, London
Friday, December 7, 2007

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=Q4TA5UE2GURWRQFIQ...

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