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Daily Dispatches
Blanchard Research: Central banks are biggest factors in gold market
Submitted by cpowell on Wed, 2007-05-02 18:34 Section: Daily Dispatches6:25p ET Wednesday, May 2, 2007
Dear Friend of GATA and Gold:
Some gold market analysts pretend that the Western central banks have no special influence in the gold market. Today's Blanchard Economic Research Unit daily note by Neal Ryan describes in detail how, to the contrary, the central banks are the biggest and most influential players in that market, at least for the time being.
Hedge fund risk worst since LTCM crash, Fed report says
Submitted by cpowell on Wed, 2007-05-02 18:18 Section: Daily DispatchesBy Pedro Nicolaci da Costa
Reuters
Wednesday, May 2, 2007
http://today.reuters.com/news/articleinvesting.aspx?type=fundsFundsNews&...
Unhappy with its share price, Barrick may diversify
Submitted by cpowell on Wed, 2007-05-02 18:13 Section: Daily DispatchesLumber milling for paper might fit right in with the company's strategic plan....
* * *
Barrick Share Price
May Spark Diversification
By Cameron French
Reuters
Wednesday, May 2, 2007
http://ca.today.reuters.com/news/newsArticle.aspx?type=businessNews&stor...
Resource Investor: Central banks frantically hasten gold sales
Submitted by cpowell on Wed, 2007-05-02 17:57 Section: Daily DispatchesBy Jon A. Nones
Resource Investor
Wednesday, May 2, 2007
As bullion continues to consolidate around $670/oz, central banks within the Central Bank Gold Agreement have frantically quickened the pace of gold sales. Gold bugs debate whether sales will continue at this rate and what this could mean for the market.
Quick and huge profits made in Dow Jones calls
Submitted by cpowell on Wed, 2007-05-02 00:00 Section: Daily DispatchesSome of Best Bets
Added Monday,
Before News of Bid
By Mohammed Hadi
The Wall Street Journal
Tuesday, May 2, 2007
Some option traders found themselves sitting on massive profits in positions on Dow Jones & Co. after word that News Corp. has offered to buy the company.
Butler says silver now rarer than gold, and Phillips endorses gold manipulation complaint
Submitted by cpowell on Tue, 2007-05-01 22:54 Section: Daily Dispatches10:50p ET Tuesday, May 1, 2007
Dear Friend of GATA and Gold:
Two commentaries at GoldSeek tonight are required reading.
E-Gold denies charges in federal indictment
Submitted by cpowell on Tue, 2007-05-01 22:34 Section: Daily Dispatches10:28p ET Tuesday, May 1, 2007
Dear Friend of GATA and Gold:
E-Gold's formal statement in response to the federal indictment of the company on charges of money laundering and operating an unlicensed money-transfer business has been posted at the company's Internet site here:
http://www.e-gold.com/letter3.html
The company denies everything. This case will be interesting.
Barrick joins Lihir in huge gold hedge buyback
Submitted by cpowell on Tue, 2007-05-01 21:59 Section: Daily Dispatches9:55p ET Tuesday, May 1, 2007
Dear Friend of GATA and Gold:
Between Barrick Gold's announcement today, appended here, and Lihir Gold's announcement two weeks ago (http://www.gata.org/node/4999), the two companies have just taken almost US$1.1 billion in gold out of the market.
7-year contempt jailing ends but Armstrong is sentenced to 5 more
Submitted by cpowell on Tue, 2007-05-01 01:06 Section: Daily DispatchesJailed 7 Years for Contempt,
Adviser Is Headed for Prison
By Michael de la Merced
The New York Times
Saturday, April 28, 2007
http://www.nytimes.com/2007/04/28/business/28financier.html?
A federal judge lifted a 7-year-old civil contempt sanction on the financial adviser Martin A. Armstrong yesterday, allowing him to begin serving a five-year sentence for conspiracy to commit fraud.
As funds leverage up, fears of 'The Great Unwind' rise
Submitted by cpowell on Tue, 2007-05-01 00:22 Section: Daily DispatchesAs Funds Leverage Up,
Fears of Reckoning Rise
Fed and SEC Question
Wall Street on Policies;
'A Mockery' of Margin
By Randall Smith and Susan Pulliam
The Wall Street Journal
Tuesday, April 30, 2007
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