Daily Dispatches

New French president insists on more inflation in European Union


By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, July 10, 2007


French President Nicolas Sarkozy threw down the gauntlet in Brussels last night, vowing to press ahead with his plans for a "fiscal shock" regardless of European Union rules on budget policy.

David Vaughn: Forget the gold price!


10:35p ET Monday, July 9, 2007

Dear Friend of GATA and Gold:

Bank of Canada study proposed eliminating penny


Lose the Loose Change?
Bank Study Proposed
Dropping Canada's Penny

By Tara Perkins
The Globe and Mail, Toronto
Tuesday, July 3, 2007


Canada should have ditched pennies by 2005, a Bank of Canada study suggests.

Zimbabwe thinks guns can repeal laws of economics


1,300 Arrested in Price Crackdown in Zimbabwe

By Godfrey Marawanyika
Agence France-Presse
via Yahoo News
Monday, July 9, 2007


Banks seen losing up to $52 billion on subprime mortgages


From Reuters
Monday, July 9, 2007


NEW YORK -- Credit Suisse analysts estimated that banks could lose up to $52 billion over time due to their exposure to collateralized debt obligations that invested in U.S. subprime mortgages.

Do you really want to bet that one person can't make a difference?


11:44p ET Sunday, July 8, 2007

Dear Friend of GATA and Gold:

Kitco's Nadler overlooks the biggest parts of the gold market


3:12p ET Sunday, July 8, 2007

Dear Friend of GATA and Gold:

Interviewed Friday by Michael Kane on the "Market Morning" program on Canada's Business News Network, Kitco senior market analyst Jon Nadler disparaged suggestions that the gold market might be manipulated.

First Nadler said jokingly that, yes, the gold market IS manipulated -- "by the people who write about manipulation."

Gold rush threatens Chilean glacier


By Lucia Newman
Al Jazeera, Doha, Qatar
Sunday, July 8, 2007


Hernan Calderon says he is just an "insignificant insect" to the owners of the Pascua Lama gold mine high in the Andes mountains in northern Chile.

Thieves outside central banks are lured by metal money too


Thieves Lured by Shine of Metal Money

Phil Couvrette
CanWest News Service
via Canada.com
Sunday, July 8, 2007


Technical analysis at Resource Investor and Market Oracle


10:45a ET Sunday, July 7, 2007

Dear Friend of GATA and Gold:

While GATA doesn't think much of technical analysis of the gold and silver markets that doesn't acknowledge central bank intervention, slow news days can make such analysis more tolerable, and reading it can postpone mowing the lawn, weeding the garden, or taking the trash out.

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