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Daily Dispatches
TV worth watching: Taylor on devaluation, Embry on gold suppression
Submitted by cpowell on Tue, 2008-03-18 23:47 Section: Daily Dispatches11:45p ET Tuesday, March 18, 2008
Dear Friend of GATA and Gold:
Jay Taylor, editor of J. Taylor's Gold & Technology Stocks newsletter, proved last Thursday that you can talk candidly in the United States about the deliberate devaluation of the dollar ... as long as you're in a soundproof studio in New York and your remarks are being broadcast only out of the country -- to Canada.
High oil prices likely to increase pressure on the dollar
Submitted by cpowell on Tue, 2008-03-18 23:13 Section: Daily DispatchesBy Steven C. Johnson
Reuters
Tuesday, March 18, 2008
http://www.reuters.com/article/reutersEdge/idUSN1761610620080318
NEW YORK -- The longer oil prices remain above $100, the worse things are likely to get for the U.S. dollar.
Amsterdam's small currency shops stop taking dollars
Submitted by cpowell on Tue, 2008-03-18 23:04 Section: Daily DispatchesBy Svebor Kranjc
Reuters
Tuesday, March 18, 2008
http://www.reuters.com/article/oddlyEnoughNews/idUSL1758265520080318
AMSTERDAM -- The U.S. dollar's value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands.
Dollar's fall could explode global yen carry trade
Submitted by cpowell on Tue, 2008-03-18 22:49 Section: Daily DispatchesBy Leo Lewis
The Times, London
Wednesday, March 19, 2008
http://business.timesonline.co.uk/tol/business/economics/article3578467.ece
Deepening misery on Wall Street, prophesies of recession, and the recent freefall of the dollar could set off a $300 billion (L148 billion) time bomb in the global yen carry trade, dealers are warning.
Ambrose Evans-Pritchard: Bailouts better than returning to 1930s
Submitted by cpowell on Tue, 2008-03-18 22:41 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, March 19, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/19/do1902...
Ted Butler: Life after Bear Stearns
Submitted by cpowell on Tue, 2008-03-18 14:49 Section: Daily Dispatches2:50p ET Tuesday, March 18, 2008
Dear Friend of GATA and Gold:
In commentary posted today at GoldSeek's companion site, SilverSeek, silver market analyst Ted Butler reviews new evidence of a shortage of silver. His essay is headlined "Life After Bear Stearns" and you can find it here:
http://news.silverseek.com/TedButler/1205864199.php
CHRIS POWELL, Secretary/Treasurer
U.S. Global's Holmes sees gold zigzagging to $2,000
Submitted by cpowell on Tue, 2008-03-18 13:10 Section: Daily DispatchesFrom MarketWatch.com
Tuesday, March 18, 2008
http://www.marketwatch.com/news/story/story.aspx?guid=%7B301FED8C%2DA4AA...
BOSTON -- Frank Holmes, chief executive officer at U.S. Global Investors, says that gold will hit $2,000 an ounce, and that while the move won't be straight there from current levels, investors should not be surprised by it.
'Strong euro' is only weak dollar, ECB board member says
Submitted by cpowell on Tue, 2008-03-18 13:00 Section: Daily DispatchesBy Matthew Brockett
Bloomberg News Service
Tuesday, March 18, 2008
http://www.bloomberg.com/apps/news?pid=20601100&sid=a3Hxwy2Mw6EQ
Fed rallies Wall Street to aid ailing Lehman Brothers
Submitted by cpowell on Mon, 2008-03-17 22:34 Section: Daily DispatchesBy Helen Power and James Quinn
The Telegraph, London
Tuesday, March 18, 2008
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/03/18/cnlehm...
Wall street's leading investment banks have rallied around ailing rival Lehman Brothers after the Federal Reserve Bank of New York urged them to support the institution in order to try to preserve financial stability.
Gretchen Morgenson: Rescue me -- Fed bailout crosses a line
Submitted by cpowell on Mon, 2008-03-17 21:25 Section: Daily DispatchesBy Gretchen Morgenson
The New York Times
Sunday, March 16, 2008
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