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Daily Dispatches
U.S. automakers lose majority of domestic market
Submitted by cpowell on Wed, 2007-08-01 18:45 Section: Daily DispatchesBy Tom Krisher
Associated Press
via Yahoo News
Wednesday, August 1, 2007
http://news.yahoo.com/s/ap/20070801/ap_on_bi_ge/auto_sales;_ylt=Al8Fy3ZR...
DETROIT -- The Detroit automakers' share of the U.S. market dropped below 50 percent in July for the first time in history, according to an analyst who tracks industry numbers.
Too big to fail: Germany rescues subprime lender
Submitted by cpowell on Wed, 2007-08-01 18:27 Section: Daily DispatchesBy Tim Bartz, Elisabeth Atzler,
Joanna Chung, Paul J. Davies,
and Stacy-Marie Ishmael
Financial Times, London
Wednesday, August 1, 2007
http://www.ft.com/cms/s/46fe1d80-4063-11dc-9d0c-0000779fd2ac.html
Selling Italian reserves to close debt would be just 'a drop in the sea'
Submitted by cpowell on Wed, 2007-08-01 08:28 Section: Daily Dispatches8:30a ET Wednesday, August 1, 2007
Dear Friend of GATA and Gold:
More bogeymen contrived to try to scare the gold market
Submitted by cpowell on Tue, 2007-07-31 23:57 Section: Daily Dispatches11:55p ET Tuesday, July 31, 2007
Dear Friend of GATA and Gold:
Resource Investor's Jon A. Nones reports that Italy's government is considering selling its gold reserves in the name of reducing the national debt -- a grand new bogeyman to try to scare the gold market with.
Ted Butler sees 'an ugly new record'; and Paramount lists on AMEX
Submitted by cpowell on Tue, 2007-07-31 21:43 Section: Daily Dispatches9:40p ET Tuesday, July 31, 2007
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler reports that the price of silver was driven down last week only by the creation of the largest commercial short position on record. Butler's new commentary is titled "An Ugly New Record" and you can find it at GoldSeek's companion site, SilverSeek, here:
India, another rich country insisting on being poor -- until now, maybe
Submitted by cpowell on Mon, 2007-07-30 21:04 Section: Daily DispatchesNew Rules to Boost
India's Gold, Diamond Output
From Reuters
via Daily Times, Lahore, Pakistan
Tuesday, July 31, 2007
http://www.dailytimes.com.pk/default.asp?page=2007%5C07%5C31%5Cstory_31-...
Credit derivatives 'performing poorly' in crisis
Submitted by cpowell on Mon, 2007-07-30 20:26 Section: Daily DispatchesCredit Insurance Costs Soar to Record
By Stacy-Marie Ishmael and Gillian Tett
Financial Times, London
Monday, July 30, 2007
http://www.ft.com/cms/s/041c1122-3ed1-11dc-bfcf-0000779fd2ac.html
Anti-gold cartel's UBS plans fund to short commodities
Submitted by cpowell on Mon, 2007-07-30 20:16 Section: Daily DispatchesUBS to Launch New Product for Commodities
By Javier Blas
Financial Times, London
Monday, July 30, 2007
http://www.ft.com/cms/s/9c7d8216-3ed6-11dc-bfcf-0000779fd2ac.html
Gee, you think they might be trying to suppress gold?
Submitted by cpowell on Mon, 2007-07-30 15:02 Section: Daily Dispatches3p ET Monday, July 30, 2007
Dear Friend of GATA and Gold:
A writer for MineWeb, Lawrence Williams, notes in commentary posted yesterday that gold sales by the European Central Bank increasingly seem intended to prevent the gold price from breaking out and to support the dollar.
All together now: Uh-DUH!
Bundesbank looks to learn from its past
Submitted by cpowell on Sun, 2007-07-29 19:57 Section: Daily DispatchesBy Ralph Atkins
Financial Times, London
Sunday, July 29, 2007
http://www.ft.com/cms/s/6442812e-3de8-11dc-8f6a-0000779fd2ac.html
FRANKFURT, Germany -- Mervyn King, current governor of the Bank of England, was astonished on his first visit to the Bundesbank in the early 1990s, at least according to his host, Otmar Issing, then chief economist at Germany’s central bank.
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