Daily Dispatches

Credit Suisse: Central bank sales 'masked' gold market deficit

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By David Litterick
The Telegraph, London
Thursday, November 1, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/31/cngold...

The gold price will soar to more than $1,000 per ounce over the next five years as dwindling supply of the precious metal combines with increased demand, Credit Suisse has forecast.

Fed's money dump is biggest since 9/11

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Fed Pumps $41 Billion into U.S. Financial System

By Jeannine Aversa
Associated Press
via Yahoo News
Thursday, November 1, 2007

http://news.yahoo.com/s/ap/20071101/ap_on_bi_ge/fed_markets_10

WASHINGTON -- The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, the largest cash infusion since September 2001, to help companies get through a credit crunch.

Peter Brimelow: Halloween gold treat the result of a trick?

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By Peter Brimelow
MarketWatch.com
Wednesday, October 31, 2007

http://www.marketwatch.com/news/story/story.aspx?guid=%7BA0E83BAD%2DD1B1...

NEW YORK -- So stocks had a happy Halloween, but gold was going bump in the night.

Harry Schultz of the international Harry Schultz Letter linked the two explicitly Wednesday in his Gold Charts R Us service.

Darryl Robert Schoon: A golden hand in the house of cards

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9:45p ET Thursday, November 1, 2007

Dear Friend of GATA and Gold:

Darryl Robert Schoon's new essay at GoldSeek, "A Golden Hand in the House of Cards," is a good summary of the central banks' gold price suppression racket, duly crediting GATA's work. You can find it here:

http://news.goldseek.com/GoldSeek/1193929590.php

CHRIS POWELL, Secretary/Treasurer

The Ron Paul revolution makes Time magazine

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By Joel Stein
Time magazine
Thursday, November 1, 2007

http://www.time.com/time/politics/article/0,8599,1678661,00.html?xid=fee...

It sometimes seems as if someone is playing a cruel practical joke on Ron Paul.

Ron Paul defends liberty in nine minutes on 'Tonight Show'

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8:30p ET Wednesday, October 31, 2007

Dear Friend of GATA and Gold:

Hong Kong central bank gushes cash to prop up U.S. dollar

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By Cassie Biggs
Associated Press
via Yahoo News
Wednesday, October 31, 2007

http://biz.yahoo.com/ap/071031/hong_kong_currency.html?.v=1

HONG KONG -- Hong Kong's de-facto central bank stepped in four times Wednesday to defend the Hong Kong dollar's peg to the U.S. dollar, injecting about $800 million worth of local currency into the red-hot market.

Oil market is 'out of control,' OPEC says

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By Russell Hotten
The Telegraph, London
Wednesday, October 31, 2007

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/31/cnopec...

OPEC oil ministers say they are powerless in the face of many factors driving up the price of crude, with one member of the producers' cartel warning that the "market is out of control."

Gulf Arabs could drop dollar peg together

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By Daliah Merzaban
Reuters
Tuesday, October 30, 2007

http://www.reuters.com/article/reutersEdge/idUSL3068734920071030

DUBAI -- Gulf Arab oil producers, torn between rising inflation and exchange rates fixed to a sliding dollar, could consider switching together to a currency basket to buy time for a troubled monetary union project.

Ted Butler: A simple and constructive solution

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8p ET Tuesday, October 30, 2007

Dear Friend of GATA and Gold:

In his latest commentary, silver market analyst Ted Butler says it would be easy for Barclays to remove all doubt over whether real silver is backing its silver exchange-traded fund -- just publish the serial numbers of the bars held by the fund, as State Street Bank does for the gold held by its gold ETF.

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