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Daily Dispatches
SEC''s investigation of Fannie Mae gets serious
Submitted by cpowell on Tue, 2004-10-19 03:00 Section: Daily DispatchesBearish on Uncle Sam?
As Foreign Investment Shows Decline, Economists Keep Watch
By Jonathan Weisman and Ben White
Washington Post
Tuesday, October 19, 2004
http://www.washingtonpost.com/wp-dyn/articles/A43402-2004Oct18.html
NEW YORK -- On Sept. 9, as it must frequently do, the
U.S. government turned to Wall Street to raise a little
Another mainstream press story notes that central banks are propping up U.S.
Submitted by cpowell on Tue, 2004-10-19 03:00 Section: Daily DispatchesFrom Reuters
Tuesday, October 19, 2004
http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=6547505
WASHINGTON -- U.S. mortgage finance giant Fannie
Mae said on Tuesday the Securities and Exchange
Commission had changed the status of its
investigation of the company's accounting to
formal from informal.
Ted Butler: Market rigging is blowing up but silver miners still don''t see it
Submitted by cpowell on Tue, 2004-10-19 03:00 Section: Daily DispatchesPrivate Investors Abroad
Cut their Investments in U.S.
By Eduardo Porter
The New York Times
Tuesday, October 19, 2004
http://www.nytimes.com/2004/10/19/business/worldbusiness/19dollar.html
?ex=1099219293&ei=1&en=787550cf64944fa5
The flow of foreign capital contracted in August as
private investors lost some of their appetite for
Marc Faber: Excess liquidity can slosh into commodities and push them up fast
Submitted by cpowell on Tue, 2004-10-19 03:00 Section: Daily DispatchesRight In Front of Our Eyes
By Theodore Butler
www.InvestmentRarities.com
Tuesday, October 19, 2004
There were two extraordinary developments last
week. Although the connection was not made
openly, they were very much related.
The first development was the historic one-day
selloff in the base metals on October 13. It is
difficult to recall a day when metals such as
copper, aluminum, zinc, and lead fell by as much
Harmony to bid for Gold Fields, jeopardizing Gold Fields'' merger with Iamgold
Submitted by cpowell on Sun, 2004-10-17 03:00 Section: Daily Dispatches"Conspiracies rarely exist."
-- Dennis Gartman
in The Gartman Letter,
September 14, 2004
* * *
Marsh & McLennan Accused of
Price Fixing and Collusion
By Thor Valdmanis, Adam Shell and Elliot Blair Smith
USA Today
Friday, October 15, 2004
http://www.usatoday.com/money/industries/insurance/2004-10-15-spitzer-
Oil surges past $55 in Asian trading Monday
Submitted by cpowell on Sun, 2004-10-17 03:00 Section: Daily DispatchesHarmony set to bid for Gold Fields
By John Reed in Johannesburg
and Arkady Ostrovsky in Moscow
Financial Times, London
Sunday, October 17, 2004
http://news.ft.com/cms/s/5c410f94-2078-11d9-af19-00000e2511c8.html
South African gold producer Harmony, with the backing
of Russian metals giant Norilsk Nickel, is poised to
Westerners may not be the only ones who know how to rig markets
Submitted by cpowell on Fri, 2004-10-15 03:00 Section: Daily DispatchesDeficit issue to figure in debate;
Budget watchers blast both candidates
By William L. Watts
CBS.MarketWatch.com
Wednesday, October 13, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7BA6997469%2D0925%
2D4189%2D93D0%2D69E75A587C8E%7D&siteid=mktw
WASHINGTON -- Who is the bigger spendthrift?
President Bush and Democratic challenger John
Oil is just pennies from $55, while gold is up all of 80 cents
Submitted by cpowell on Fri, 2004-10-15 03:00 Section: Daily Dispatches11:59p ET Thursday, October 14, 2004
Dear Friend of GATA and Gold:
MineWeb's Gareth Tredway has written an interesting
report about the prospects for a 20-year boom in
commodities arising from growth in China and India,
more interesting for an observation about the potential
for market rigging within that boom.
Tredway quotes a South African market analyst,
Michael Power, saying this about Asian commodity
Insurance fraud charges involve AIG, until recently the biggest silver trader
Submitted by cpowell on Fri, 2004-10-15 03:00 Section: Daily DispatchesBy Myra P. Saefong
CBS.MarketWatch.com
Friday, October 15, 2004
http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid=
63473B52-82AD-4A5A-BBEB-50537A50149D&siteid=mktw&dist=bnb
SAN FRANCISCO -- Crude futures closed just pennies
short of $55 a barrel Friday with traders uncertain
about the overall effect of high energy prices on
Here''s what happens when foreigners get tired of dollar depreciation
Submitted by cpowell on Wed, 2004-10-13 03:00 Section: Daily DispatchesBanks' Derivative Use Jumps 23% in 2nd Quarter;
Financial Policy Forum Calls for More Regulation of Market
By Alistair Barr
CBS.MarketWatch.com
Tuesday, October 12, 2004
http://cbs.marketwatch.com/news/story.asp?guid=%7BFE7D921D%2D60B0%
2D4188%2D9F8A%2DEF9EC9084915%7D&siteid=mktw
SAN FRANCISCO -- Banks' derivative use jumped by 23