Daily Dispatches

Government funds reported buying gold to hedge dollar's decline

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State Funds Look to Commodity Investment

By Javier Blas
Financial Times, London
Monday, November 12, 2007

http://www.ft.com/cms/s/0/285fe19c-9149-11dc-9590-0000779fd2ac.html?ncli...

Money market funds requiring props as credit crisis spreads

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Banks Prop Up Money Market Funds

By Deborah Brewster and Saskia Scholtes
Financial Times, London
Tuesday, November 13, 2007

http://www.ft.com/cms/s/0/39e0b806-922a-11dc-8981-0000779fd2ac.html?ncli...

Randy Strauss: Only gold solves the international currency problem

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7:30p ET Tuesday, November 13, 2007

Dear Friend of GATA and Gold:

Randy Strauss of Centennial Precious Metals in Denver and its wonderful USAGold.com Forum (http://www.usagold.com/cpmforum/) today commented incisively there about the turmoil in the currency markets.

Strauss wrote:

New currency market rig tops finance ministers' agenda

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Paulson Boxed In By 'Strong-Dollar' Chant

By Christopher Anstey and Kevin Carmichael
Bloomberg News Service
Tuesday, November 13, 2007

http://www.bloomberg.com/apps/news?pid=20601109&sid=atBJvH_zVmsA&refer=h...

As U.S. Treasury Secretary Henry Paulson prepares to meet counterparts representing the world's biggest economies, he carries some extra baggage on the plane to Africa.

Ted Butler: The cop on the beat

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1p ET Tuesday, November 13, 2007

Dear Friend of GATA and Gold:

Dollar drop puts UAE at 'crossroads' on currency link

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By Matthew Brown
Bloomberg News Service
Tuesday, November 13, 2007

http://www.bloomberg.com/apps/news?pid=20601083&sid=aw0Fnv46l3Cg&refer=c...

DUBAI -- The United Arab Emirates may drop the dirham's peg to the dollar after the country's central bank governor indicated that the weakening U.S. currency was forcing him to rethink its currency policy, analysts said.

Redburn Partners vindicates GATA in 'Gold War' report

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12:10p ET Tuesday, November 13, 2007

Dear Friend of GATA and Gold:

Let 'em eat banknotes: British food prices soar

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Fastest Rise in Food Prices in 14 Years

By Harry Wallop
The Telegraph, London
Tuesday, November 13, 2007

http://www.telegraph.co.uk/news/main.jhtml;jsessionid=2U3VCEFDE1WZBQFIQM...

Food prices are increasing at their highest rate for more than a decade, official figures showed yesterday.

No free market here: Japan threatens currency speculators

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Fukuda Warns on Rapid Rise in Yen

By David Pilling
Financial Times, London
Monday, November 12, 2007

http://www.ft.com/cms/s/0/a7a70b58-914c-11dc-9590-0000779fd2ac.html

TOKYO -- The yen is appreciating "too fast" and speculators need to "be careful," Yasuo Fukuda, Japan's prime minister, warned in an interview with the Financial Times on Monday.

E*Trade sinks 59% on losses and fear of bankruptcy

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By Anupreeta Das
Reuters
via Yahoo News
Monday, November 12, 2007

http://news.yahoo.com/s/nm/20071112/bs_nm/etrade_shares_dc;_ylt=AtlM1wZc...

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