Daily Dispatches

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.

James Turk: We're almost there

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8:25a ET Monday, October 29, 2007

Dear Friend of GATA and Gold:

Will trick or treat for Wall Street be the dollar's 'Halloween'?

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Stocks Hope for a Halloween Rate Cut

By Cal Mankowski
Reuters
Sunday, October 28, 2007

http://biz.yahoo.com/rb/071028/column_stocks_outlook.html?.v=1

NEW YORK -- Wall Street expects a two-day Federal Reserve meeting this week to end with another cut in interest rates as financial firms struggle with losses tied to subprime mortgages and related securities.

Technical analysis of gold market increasingly acknowledges manipulation

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9:40p ET Sunday, October 28, 2007

Dear Friend of GATA and Gold:

Technical analysis of the gold market increasingly is acknowledging government-backed manipulation.

China encourages its banks to look for overseas targets

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From Reuters
Sunday, October 28, 2007

http://www.reuters.com/article/fundsFundsNews/idUSPEK13985120071028

XIANGHE, China -- China will push its banks to forge deeper into overseas markets for acquisitions and a global profile, a top bank regulator said on Sunday.

China opens another copper mine in Zambia

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From Xinhua News Agency
via China Daily, Beijing
Sunday, October 28, 2007

http://www.chinadaily.com.cn/bizchina/2007-10/28/content_6211525.htm

China opened another copper mine in Zambia, Non-Ferrous China Africa (NFCA) of China Non-Ferrous Metals Mining Corporation (CNMC) announced in Kitwe, Zambia, on Saturday.

Ed Steer: Larry Lindsey lays it on the line

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By Ed Steer
for Casey Research
www.CaseyResearch.com
Friday, October 26, 2007

One of the speakers I was particularly interested in hearing at the New Orleans Investment Conference this year was Larry (Lawrence) Lindsey, the former economic adviser to President George Bush in the early years of his first term in office.

Dollar's fall amid interest rate cuts distresses Arab countries

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Rules Review FX Union Date
As Fed Rate Cut Splits Gulf

By Souhail Karam
Reuters
via Yahoo News
Saturday October 27, 2007

http://in.news.yahoo.com/071027/137/6mhy3.html

OPEC considers switching oil pricing from dollar to currency basket

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From Reuters
via Yahoo News
Saturday, October 27, 2007

http://in.news.yahoo.com/071027/137/6mhrn.html

CARACAS, Venezuela -- OPEC is likely to discuss creating a basket of currencies for oil pricing at its next summit due to the steady decline in the dollar, Venezuela's Energy Minister Rafael Ramirez said on Friday.

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