Daily Dispatches

Gulf nations maintain dollar peg for currencies


By Agence France-Presse
via Yahoo News
Tuesday, December 4, 2007


DOHA, Qatar -- Leaders of the Gulf Cooperation Council have decided at their annual summit to keep pegging their currencies to the sliding dollar, Qatari Prime Minister Sheikh Hamad bin Jassem al-Thani said on Tuesday.

GATA and many friends join Vancouver conference in January


3:30p ET Monday, December 3, 2007

Dear Friend of GATA and Gold:

GATA returns to Vancouver, British Columbia, on Sunday and Monday, January 20 and 21, 2008, for Cambridge Conferences' Vancouver Resource Investment Conference.

Banks urge U.K. corporate clients to stop borrowing


From Dow Jones Newswires
via CNNMoney.com
Monday, December 3, 2007


Banks have asked top U.K. corporate clients not to draw on lending facilities to which they are entitled in order to preserve their balance sheets as they approach the financial year end.

German finance minister blames 'snooty,' secretive bankers


'Snooty' Bankers Blamed for Crisis

By Ralph Atkins and Bertrand Benoit
Financial Times, London
Thursday, November 29, 2007


Grandich Letter analyzes metals markets and cites GATA


11a ET Monday, December 3, 2007

Dear Friend of GATA and Gold:

Peter Grandich's latest letter analyzes the metals and oil markets, mentions GATA, and pays tribute to someone GATA misses dearly, the late Jim O'Connell of Canada's Business News Network. You can find the Grandich letter at GoldSeek here:


CHRIS POWELL, Secretary/Treasurer

Fed looks for new ways to pump more money into banks


Fed Seeks to Ease Money Market Strains

By Krishna Guha
Financial Times, London
Sunday, December 2, 2007


WASHINGTON -- The Federal Reserve is considering new steps to make liquidity more readily available to financial institutions in the hope of easing strains in the money market.

Interbank loan collapse worse in Britain than U.S.


Pleas for Rate Cut
as Interbank Loans Dive

By Ambrose Evans-Pritchard
The Telegraph, London
Monday, December 3, 2007


Gene Arensberg: Large commercials hastening to cover gold shorts


8:55p ET Sunday, December 3, 2007

Dear Friend of GATA and Gold:

Gene Arensberg's "Got Gold Report" at Resource Investor advises that large commercial traders lately have seemed to be in a hurry to cover their short positions in gold, even as those positions remain large. You can find Arensberg's report at Resource Investor here:


James Turk: 100 months so far


12:25p ET Sunday, December 2, 2007

Dear Friend of GATA and Gold:

Ben Stein: Goldman pushed and shorted mortgage junk simultaneously


The Long and Short of It at Goldman Sachs

By Ben Stein
The New York Times
Sunday, December 2, 2007


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