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Daily Dispatches
Banks seen losing up to $52 billion on subprime mortgages
Submitted by cpowell on Mon, 2007-07-09 15:32 Section: Daily DispatchesFrom Reuters
Monday, July 9, 2007
http://www.reuters.com/article/ousiv/idUSN0929272320070709
NEW YORK -- Credit Suisse analysts estimated that banks could lose up to $52 billion over time due to their exposure to collateralized debt obligations that invested in U.S. subprime mortgages.
Do you really want to bet that one person can't make a difference?
Submitted by cpowell on Sun, 2007-07-08 23:44 Section: Daily Dispatches11:44p ET Sunday, July 8, 2007
Dear Friend of GATA and Gold:
Kitco's Nadler overlooks the biggest parts of the gold market
Submitted by cpowell on Sun, 2007-07-08 15:12 Section: Daily Dispatches3:12p ET Sunday, July 8, 2007
Dear Friend of GATA and Gold:
Interviewed Friday by Michael Kane on the "Market Morning" program on Canada's Business News Network, Kitco senior market analyst Jon Nadler disparaged suggestions that the gold market might be manipulated.
First Nadler said jokingly that, yes, the gold market IS manipulated -- "by the people who write about manipulation."
Gold rush threatens Chilean glacier
Submitted by cpowell on Sun, 2007-07-08 14:20 Section: Daily DispatchesBy Lucia Newman
Al Jazeera, Doha, Qatar
Sunday, July 8, 2007
http://english.aljazeera.net/NR/exeres/6016DA85-BE4E-4178-9781-416022053...
Hernan Calderon says he is just an "insignificant insect" to the owners of the Pascua Lama gold mine high in the Andes mountains in northern Chile.
Thieves outside central banks are lured by metal money too
Submitted by cpowell on Sun, 2007-07-08 11:09 Section: Daily DispatchesThieves Lured by Shine of Metal Money
Phil Couvrette
CanWest News Service
via Canada.com
Sunday, July 8, 2007
http://www.canada.com/topics/news/story.html?id=8a182135-d605-4aa4-8140-...
Technical analysis at Resource Investor and Market Oracle
Submitted by cpowell on Sun, 2007-07-08 10:45 Section: Daily Dispatches10:45a ET Sunday, July 7, 2007
Dear Friend of GATA and Gold:
While GATA doesn't think much of technical analysis of the gold and silver markets that doesn't acknowledge central bank intervention, slow news days can make such analysis more tolerable, and reading it can postpone mowing the lawn, weeding the garden, or taking the trash out.
Fledgling gold industry brings hope to ninth-poorest country, Madagascar
Submitted by cpowell on Sun, 2007-07-08 10:32 Section: Daily DispatchesBy Jonny Hogg
Associated Press
via Yahoo News
Monday, July 2, 2007
http://biz.yahoo.com/ap/070702/madagascar_gold_fever.html?.v=1
ANTANIMBARY, Madagascar -- For 12 years, Lauren Rakotondramara has been panning for gold on the banks of the Ikopa river in the dry western grasslands of this Indian Ocean island.
S. Africa would extend rand to Zimbabwe in deal for reform
Submitted by cpowell on Sun, 2007-07-08 10:24 Section: Daily DispatchesBy Basildon Peta
The Sunday Independent, Cape Town, South Africa
Sunday, July 8, 2007
http://www.int.iol.co.za/index.php?set_id=1&click_id=68&art_id=vn2007070...
The Southern African Development Community (SADC) is preparing a dramatic plan to rescue the shattered Zimbabwean economy by extending the rand monetary area into Zimbabwe, according to sources.
Bernanke's helicopters revving up?
Submitted by cpowell on Sat, 2007-07-07 09:39 Section: Daily DispatchesFrom Reuters
Thursday, July 5, 2007
http://www.reuters.com/article/oddlyEnoughNews/idUSL0587827020070705
BERLIN -- A German motorist surprised by euro notes swirling in the air around her car hit the brakes and collected a "substantial amount of money" before turning it over to police, authorities in Worms said on Thursday.
Colombia reneges on treasure hunters who found $2 billion shipwreck
Submitted by cpowell on Sat, 2007-07-07 00:58 Section: Daily DispatchesFrom Agence France-Presse
via Yahoo News
Friday, July 6, 2007
http://news.yahoo.com/s/afp/20070707/ts_alt_afp/colombiausshipwreck_0707...
BOGOTA, Colombia -- Colombia's Supreme Court has ruled against US treasure hunters who claimed half of the estimated $2 billion in gold, silver, and emeralds aboard a Spanish galleon sunk in the Caribbean in 1708.