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Daily Dispatches
Ted Butler: Looking back, to see ahead
Submitted by cpowell on Wed, 2007-10-03 11:52 Section: Daily Dispatches11:50a ET Wednesday, October 3, 2007
Dear Friend of GATA and Gold:
Central banking's main purpose now is market suppression
Submitted by cpowell on Wed, 2007-10-03 01:54 Section: Daily Dispatches1:45a ET Wednesday, October 3, 2007
Dear Friend of GATA and Gold:
The Financial Times story, appended here, about the eurozone's alarm at its strengthening currency suggests a few things:
1) Worldwide currency devaluations are ahead -- competitive devaluations if cooperative ones cannot be arranged.
Greg Peel: Citigroup report reignites gold manipulation debate
Submitted by cpowell on Wed, 2007-10-03 00:25 Section: Daily Dispatches12:25a ET Wednesday, October 3, 2007
Dear Friend of GATA and Gold:
Aussie dollar seen equalling U.S. dollar next year
Submitted by cpowell on Tue, 2007-10-02 00:55 Section: Daily DispatchesBy David McIntyre
Bloomberg News Service
Tuesday, October 2, 2007
http://quote.bloomberg.com/apps/news?pid=20601087&sid=ar4B13PRXC7A
SYDNEY -- The Australian dollar will trade equal with the U.S. currency by the end of 2008 as the central bank raises interest rates to control inflation, according to Stephen Koukoulas, global strategist at TD Securities Ltd.
Calls grow for ECB intervention to stop rise of euro
Submitted by cpowell on Mon, 2007-10-01 23:51 Section: Daily DispatchesBy Peter Garnham
Financial Times, London
Tuesday, October 2, 2007
http://www.ft.com/cms/s/0/e7ab931c-7050-11dc-a6d1-0000779fd2ac.html
The recent rise of the euro has sparked a chorus of disapproval from the region's exporters and politicians, but analysts say it may now be approaching levels that could even push central banks into action.
Gold market manipulation noted in Russian press
Submitted by cpowell on Mon, 2007-10-01 21:53 Section: Daily DispatchesSoaring Gold Makes Mining Stocks a Risk
By Catrina Stewart
St. Petersburg Times, Russia
Tuesday, October 2, 2007
http://www.sptimesrussia.com/index.php?action_id=2&story_id=23163
MOSCOW -- Gold prices rocketed to a 28-year high last week as Severstal tightened the screws in its battle for gold miner Celtic Resources.
Peter Brimelow: Is gold melting up?
Submitted by cpowell on Mon, 2007-10-01 21:42 Section: Daily DispatchesBy Peter Brimelow
MarketWatch.com
Monday, October 1, 2007
http://www.marketwatch.com/news/story/gold-melting-up/story.aspx?guid=%7...
NEW YORK -- Could gold be "melting up"? Some letters think so.
Some Northern Rock customers switched into gold
Submitted by cpowell on Mon, 2007-10-01 17:39 Section: Daily DispatchesBy Richard Curran
The Sunday Business Post, Dublin
Sunday, September 30, 2007
http://www.thepost.ie/post/pages/p/story.aspx-qqqt=MARKETS-qqqm=nav-qqqi...
Some beleaguered Northern Rock customers who withdrew their savings used the money to buy gold in search of old-fashioned stability.
British banks gorge on European Central Bank's cheap credit
Submitted by cpowell on Mon, 2007-10-01 17:01 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, October 1, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/10/01/bcnecb...
British lenders are shunning the Bank of England and turning instead to the European Central Bank on a massive scale, taking advantage of much lower interest rates and guaranteed anonymity to weather the credit crunch.
Al Korelin: Why invest in gold if the price is manipulated?
Submitted by cpowell on Mon, 2007-10-01 16:41 Section: Daily Dispatches4:45p ET Monday, October 1, 2007
Dear Friend of GATA and Gold:
GATA today received the formal endorsement of Al Korelin of the Korelin Economics Report, whose new essay, "Why Bother Investing in Gold if the Price Is Manipulated?," can be found at Kitco here:
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