Daily Dispatches

Gold sold to cover losses in other markets

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By Frank Tang and Daniel Magnowski
Reuters
via Yahoo News
Friday, March 2, 2007

http://news.yahoo.com/s/nm/20070302/bs_nm/markets_precious_dc;_ylt=AiQmf...

OPEC supply expansion said at risk if oil falls below $50

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From Agence France-Presse
via Yahoo News
Saturday, March 3, 2007

http://news.yahoo.com/s/afp/20070303/ts_afp/commoditiesopecoilpriceinves...

NICOSIA, Cyprus -- OPEC's $254-billion upstream expansion plan to raise production capacity risks being delayed if oil prices drop below 50 dollars a barrel, the cartel's secretary general has warned.

What the treasury secretary might be telling Asia

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1:41p ET Saturday, March 3, 2007

Dear Friend of GATA and Gold:

The U.S. Treasury Department this week announced that Secretary Henry Paulson will visit Asia next week. Here is Treasury's press release.

* * *

U.S. Treasury Department Press Release
Thursday, March 1, 2007

http://www.treas.gov/press/releases/hp291.htm

Treasury Secretary Paulson
to Visit Tokyo, Seoul, Beijing,

A lousy week, but get a grip

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6p ET Friday, March 2, 2007

Dear Friend of GATA and Gold:

Gold market analyst Peter Grandich, editor of The Grandich Letter, distributed a special alert this evening, explaining why after this week's pounding he couldn't be more bullish on gold. He urges gold investors not to harm themselves before 9:31 a.m. Eastern time Monday. You can find Grandich's special letter at GoldSeek here:

John Embry: Manipulation couldn't be more blatant now

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11:55a ET Friday, March 2, 2007

Dear Friend of GATA and Gold:

James Turk: Almost a record

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6:45p ET Thursday, March 1, 2007

Dear Friend of GATA and Gold:

Credit derivatives volumes soar

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By Paul J. Davies and Gillian Tett
Financial Times, London
Thursday, March 1, 2007

http://www.ft.com/cms/s/8f667408-c81f-11db-b0dc-000b5df10621.html

Trading volumes in credit derivatives markets hit almost unprecedented levels this week as the market turmoil that continued to infect equities led to wild gyrations in the cost of protecting corporate debt against default.

Top Wall Streeters charged in 'pervasive' insider trading ring

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By Larry Neumeister
Associated Press
via Yahoo News
Thursday, March 1, 2007

http://news.yahoo.com/s/ap/20070301/ap_on_bi_ge/securities_fraud

Husband and wife lawyers and 11 top Wall Street workers were charged Thursday with making more than $15 million in illegal trading profit through an alleged federal securities fraud scheme, authorities said.

Commodities exchange computer glitch story was a spoof

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1:43p ET Wednesday, February 28, 2007

Dear Friend of GATA and Gold:

As yen carry trade unwinds, U.S. interest rate cut is anticipated

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Yen May Gain for Fourth Day
vs. Dollar, Euro on Sales Data

By Min Zeng
Bloomberg News Service
Wednesday, February 28, 2007

http://www.bloomberg.com/apps/news?pid=20601080&sid=a6BAJ8Esjf4A

NEW YORK -- The yen may rise for a fourth day against the dollar and euro before a government report that is forecast to show retail sales in Japan rebounded last month.

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