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Daily Dispatches

Ron Paul owns the whiplash point on the political spectrum

Section: Daily Dispatches

He Has Crowd Appeal

Libertarian Presidential Candidate Ron Paul Is Reaching Across Many Lines

By Michael J. Mishak
Las Vegas Sun
Sunday, July 15, 2007

http://www.lasvegassun.com/sunbin/stories/sun/2007/jul/15/566680220.html...

Canadian dollar hits US96 cents for first time in 30 years

Section: Daily Dispatches

By Frank Pingue
Reuters
Monday, July 16, 2007

http://ca.today.reuters.com/news/newsArticle.aspx?type=businessNews&stor...

TORONTO -- The Canadian dollar stormed to 96 U.S. cents for the first time in 30 years on Monday as higher oil prices triggered a slew of automatic buy orders.

Resurrected M3 may warn of inflationary blowoff in U.S.

Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Monday, July 16, 2007

http://blogs.telegraph.co.uk/business/ambrosevanspritchard/july07/m3mone...

If you thought the US Federal Reserve made a grave mistake abolishing data on the M3 money supply last year, you at last have a heavyweight ally in the City of London.

Got Gold Report: Big traders betting heavily that dollar will recover

Section: Daily Dispatches

6:40p ET Sunday, July 15, 2007

Dear Friend of GATA and Gold:

Gene Arensberg's new "Got Gold Report" was posted at Resource Investor this afternoon. He says the U.S. dollar is at a critical charting point and the big commercial traders are betting heavily that it recovers. You can find Arensberg's report here:

http://www.resourceinvestor.com/pebble.asp?relid=33882

And maybe the U.S. will buy some Chinese railroad bonds

Section: Daily Dispatches

U.S. Urges China to Buy
Mortgage-Backed Securities

By Josephine Lau
Bloomberg News Service
Friday, July 13, 2007

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aE7I.0mnjrSY

BEIJING -- The Bush administration is urging China's central bank to buy more government-backed mortgage bonds in an effort to sustain financing for U.S. home loans.

ECB demotes money supply in inflation forecasts

Section: Daily Dispatches

By Ralph Atkins
Financial Times, London
Friday, July 13, 2007

http://www.ft.com/cms/s/390b31c4-3099-11dc-9a81-0000779fd2ac.html

FRANKFURT, Germany -- The European Central Bank is taking a more pragmatic approach to its analysis of monetary data -- a move that highlights the evolution of a tradition inherited from Germany’s conservative Bundesbank.

Iran tells Japan to pay for oil in yen

Section: Daily Dispatches

By Megumi Yamanaka
Bloomberg News Service
Friday, July 13, 2007

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aONF.HEKx.xU

TOKYO -- Iran asked Japanese refiners to switch to the yen to pay for all crude oil purchases, after Iran's central bank said it is reducing holdings of the U.S. dollar.

John Embry: 'Sovereign wealth' funds will support gold

Section: Daily Dispatches

3:55p ET Friday, July 13, 2007

Dear Friend of GATA and Gold:

Sprott Asset Management's chief investment strategist, John Embry, predicts in an essay in Investor's Digest of Canada that the new "sovereign wealth" funds of countries with lots of dollars sloshing around will come to support the gold price. Embry's essay can be found at the Sprott Internet site here:

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