Post by sweetredfl on Sept 5, 2007 18:36:28 GMT -5
MINING
biz.yahoo.com/ccn/070905/200709050411523001.html?.v=1
Explor Completes Phase III Drilling Program on the Eastford Lake Gold Project -
Sask
news.google.com/news?um=1&tab=wn&client=firefox-a&ie=UTF-8&oe=utf-8&rls=org.mozilla%3Aen-US%3Aofficial&q=Saskatchewan+Mining&scoring=n
biz.yahoo.com/iw/070905/0297867.html
El Capitan Precious Metals, Inc. Announces Confirmation of Fire Assay Development Work
biz.yahoo.com/iw/070905/0298020.html
AC Energy on Track to Reach Several Important Milestones - AC Energy is committed to leading the world in research and development of high-quality alternative power sources for cell phones and other small electronics.
biz.yahoo.com/ccn/070905/200709050411328001.html?.v=1
Cooper Minerals Reports High Grade Uranium and Silver Sampled at Terra Project; Great Bear Lake Area
Uravan and Mantis Sign Letter of Intent on Rottenstone Property
biz.yahoo.com/cnw/070905/uravan_intent_letter.html?.v=1
UPDATE 1-Yamana says Meridian's discovery was expected
www.reuters.com/article/marketsNews/idUKN0443552120070904?rpc=44
_
TOBERNITE
forums.stockfetcher.com/sfforums/?qrid=1189023093&q=view&fid=1001&tid=42412
Vaaldiam Becomes a Diamond Producer
biz.yahoo.com/ccn/070905/200709050411425001.html?.v=1
Binasan Gold Project in Iligan City Re-opens; Gango Gold Rush in Bukidnon & XYZ Gold Project in Masbate Continues Its Development, Exploration And Mobilization, Pearl Asian Mining Announces
home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070905005741&newsLang=en
_______________
MARKETS
SEC Aides in Stock Manipulation and Fraud ragingbull.quote.com/mboard/boards.cgi?board=CLB01219&read=343360
www.fin24.co.za/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-1784_2178106
Wall Street back in panic mode
www.ft.com/cms/s/0/3b147594-5be0-11dc-bc97-0000779fd2ac.html
The Short View: Central banks
Throughout the summer, markets traded without reference to economic data. Bizarre shifts could be explained by traders’ attempts to deal with huge amounts of credit investments that they realised had been wildly overpriced
quote.bloomberg.com/apps/news?pid=20601087&sid=a3r7FWMXSblI
U.S. Lawmakers, Responding to Market Turmoil, Weigh New Rules
FINANCIAL SYSTEM
Part 1: The rise of the non-bank financial system
atimes.com/atimes/Global_Economy/II06Dj02.html
ABN Amro's Moute Cuts Stock Holdings on `Tip of Iceberg' Fears
quote.bloomberg.com/apps/news?pid=20601109&sid=a_Khyl1WHKIY&refer=exclusive
President advises banking system to focus on professional job
www2.irna.ir/en/news/view/menu-237/0709057573174015.htm
Treasury Department Names Jeb Mason as Deputy Assistant Secretary for Business Affairs and Public Liaison
www.ustreas.gov/press/releases/hp545.htm
Congress Poised to Grill Regulators
biz.yahoo.com/ap/070905/congress_markets.html?.v=6
______________
HEDGEFUNDS
Hedge funds suffering
deseretnews.com/dn/view/0,5143,695207238,00.html
Short-selling to top hedge funds` agenda
www.business-standard.com/common/storypage.php?autono=296890&leftnm=0&subLeft=0&chkFlg=
FOCUS Hedge funds not out of mire yet as credit crunch continues to bite
www.sharewatch.com/story.php?storynumber=15911
Turbulent markets may change UK and US's mind over hedge funds - Steinbrueck
www.sharewatch.com/story.php?storynumber=14445
Wall Street Trader Draws Some Subprime Lessons: Michael Lewis
quote.bloomberg.com/apps/news?pid=20601039&sid=a5lhZkEauCu8
money.cnn.com/2007/08/23/markets/hedge_fund_redemptions/index.htm
Hedge Funds on the brink ... Investors are expected to hit hedge funds with a flood of redemption requests this fall, but those who try to withdraw their money may be in for an unpleasant surprise.
Most hedge funds have "lock-ups," a minimum period of time during which investors agree to tie up their money and not make any withdrawals.
If funds take the extraordinary actions of using the "gate" or suspending redemptions, "this will be a real test to see whether investors can forgive and forget or if this will remain a black mark on the record of fund managers," he said.
___________
DEATHS TODAY
Ohio Congressman Dies
www.breitbart.com/article.php?id=D8RFDHP04&show_article=1
Edward Gramlich, Fed Governor Under Greenspan, Dies
www.bloomberg.com/apps/news?pid=20601068&sid=a6OBCWkowGVI&refer=economy
www.cnbc.com/id/20605168/for/cnbc
Frank says Federal Reserve asked to skip House hearing on financial markets
Frank said he agreed to the Fed's request, although he said he disagreed with the idea that issues such as the prospect of a federal funds rate cut should not be discussed in a public setting. "God forbid we should ever talk about a quarter percent cut on the interest rate," Frank said, adding that democratic institutions discuss everything else.
CNBC commentator Seth Tobias found dead in Florida pool
www.nydailynews.com/entertainment/tv/2007/09/05/2007-09-05_cnbc_commentator_seth_tobias_found_dead_.html
Seth Tobias, Hedge-Fund Boss and TV Commentator, Found Dead
www.bloomberg.com/apps/news?pid=20601103&sid=aE_UCifGvLDo
What's The Scandal?
ddo.typepad.com/ddo/2005/08/quick_whats_the.html
In the 110th Congress, Congressman Gillmor serves on the Financial Services Committee where he is the top Republican on the Subcommittee on Financial Institutions.
He is also a member of the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises and the Subcommittee on Housing and Community
www.ktvb.com/news/regional/stories/ktvbn-sep0507-dunn_obit.a49f5ce5.html
Former Washington State Congresswoman Jennifer Dunn has died, her family announced Wednesday a former six-term member of Congress from Washington -- named last month to the new five-member "special committee" to oversee the editorial independence of the Wall Street Journal after its sale to Rupert Murdoch's News Corp.
Former Fed member Gramlich dies at 68
www.kentucky.com/473/story/167965.html
_____
SEC
quote.bloomberg.com/apps/news?pid=20601087&sid=ape20XrrghYg
SEC Reviews Risks Conduits Pose to Wall Street Firms
www.secactions.com/
_____
NASD
www.nasdaqtrader.com/trader/tradingservices/regnms_factsheet.pdf
REGULATION NMS
______
POLITICS
Bush Says Better Security Could Cut Iraq Troop Levels
quote.bloomberg.com/apps/news?pid=20601116&sid=azH8ulG993RE&refer=africa
____
PAPER
Moody's Lowers Outlook on Commercial Paper Funds
www.bloomberg.com/apps/news?pid=20601087&sid=aTnpL_O4zXrU&refer=home
Citigroup Inc., the largest U.S. bank, is one of several lenders that may suffer if they're forced to cover losses from SIVs, the Wall Street Journal reported today. Citigroup has about a quarter of the market for the funds, representing almost $100 billion of assets under management.
Treasury: Hit to Economy 'Far From Over'
hosted.ap.org/dynamic/stories/C/CONGRESS_MARKETS?SITE=DCTMS&SECTION=HOME&TEMPLATE=DEFAULT
_____
BANKS
Dollar Tumbles on Rate Expectations, but Will Federal Reserve Cut Rates
biz.yahoo.com/fxcm/070905/1189021703072.html?.v=1
Lehman Sees `Material Hit' to Europe Investment Banks
www.bloomberg.com/apps/news?pid=20601085&sid=agb5_f4h90A4
Thaksin 'to sue Swiss banks'
www.nationmultimedia.com/2007/09/06/headlines/headlines_30047927.php
Three month money and banks
www.ft.com/cms/s/d7f82a76-5bb9-11dc-bc97-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2Fd7f82a76-5bb9-11dc-bc97-0000779fd2ac.html&_i_referer=http%3A%2F%2Fnews.search.yahoo.com%2Fsearch%2Fnews%3B_ylt%3DA0WTTkiGDt9Gn6QAUTLQtDMD%3B_ylu%3DX3oDMTBhNjRqazhxBHNlYwNzZWFyY2g-%3Fp%3Dbanks
Overnight interest rates are, more or less, being controlled by central banks. But a little further down the yield curve, where monetary tools have less efficacy, rates continue to soar. At three months, banks are still struggling to borrow enough, either from each other or external sources.
Most banks employ a “wall of money” argument. It goes like this: with commercial paper markets out of action, they need full flexibility to honour the credit lines they wrote to structured credit vehicles.
Their demand for money is so large that it has caused a bottleneck in the money markets, distorting rates. But the quality of the assets being taken on balance sheet remains impeccable.
The financial meltdown ready to start the next devastating leg as banks take stricken investment vehicle based assets into account and risk parameters dominate pricing
www.indiadaily.com/editorial/18125.asp
Central banks seek to quell crisis
news.yahoo.com/s/ft/20070905/bs_ft/fto090520071556561850
_
OF INTEREST
JMCP Acquisitions Corp. to Become a Reporting Entity
biz.yahoo.com/prnews/070905/clw052a.html?.v=1
Judge orders receiver for Universal Express
www.bizjournals.com/southflorida/stories/2007/09/03/daily11.html
Financial Service Committee to Hold Hearing on Credit and Financial Markets
www.house.gov/apps/list/press/financialsvcs_dem/press082307.shtml
www.sec.gov/news/press/2007/2007-171.htm
SEC Charges Boston Stock Exchange and Former President James Crofwell With Failing to Police Specialists
Fed, Blamed for Asset-Price Inaction, Is Told `Tide Is Turning'
www.bloomberg.com/apps/news?pid=20601109&sid=aLsu9feQITDY&refer=exclusive
www.ktvb.com/news/regional/stories/ktvbn-sep0507-dunn_obit.a49f5ce5.html
Former Washington State Congresswoman Jennifer Dunn has died, her family announced Wednesday
GLOBALIZATION HAS A DOWNSIDE, AND WE'D BETTER BE PREPARED
news.yahoo.com/s/ucas/20070904/cm_ucas/globalizationhasadownsideandwedbetterbeprepared
www.businessweek.com/magazine/content/07_31/b4044001.htm?campaign_id=rss_magzn
Profiting From Mortality: Death bonds may be the most macabre investment scheme ever devised by Wall Street
biz.yahoo.com/ccn/070905/200709050411523001.html?.v=1
Explor Completes Phase III Drilling Program on the Eastford Lake Gold Project -
Sask
news.google.com/news?um=1&tab=wn&client=firefox-a&ie=UTF-8&oe=utf-8&rls=org.mozilla%3Aen-US%3Aofficial&q=Saskatchewan+Mining&scoring=n
biz.yahoo.com/iw/070905/0297867.html
El Capitan Precious Metals, Inc. Announces Confirmation of Fire Assay Development Work
biz.yahoo.com/iw/070905/0298020.html
AC Energy on Track to Reach Several Important Milestones - AC Energy is committed to leading the world in research and development of high-quality alternative power sources for cell phones and other small electronics.
biz.yahoo.com/ccn/070905/200709050411328001.html?.v=1
Cooper Minerals Reports High Grade Uranium and Silver Sampled at Terra Project; Great Bear Lake Area
Uravan and Mantis Sign Letter of Intent on Rottenstone Property
biz.yahoo.com/cnw/070905/uravan_intent_letter.html?.v=1
UPDATE 1-Yamana says Meridian's discovery was expected
www.reuters.com/article/marketsNews/idUKN0443552120070904?rpc=44
_
TOBERNITE
forums.stockfetcher.com/sfforums/?qrid=1189023093&q=view&fid=1001&tid=42412
Vaaldiam Becomes a Diamond Producer
biz.yahoo.com/ccn/070905/200709050411425001.html?.v=1
Binasan Gold Project in Iligan City Re-opens; Gango Gold Rush in Bukidnon & XYZ Gold Project in Masbate Continues Its Development, Exploration And Mobilization, Pearl Asian Mining Announces
home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070905005741&newsLang=en
_______________
MARKETS
SEC Aides in Stock Manipulation and Fraud ragingbull.quote.com/mboard/boards.cgi?board=CLB01219&read=343360
www.fin24.co.za/articles/default/display_article.aspx?Nav=ns&ArticleID=1518-1784_2178106
Wall Street back in panic mode
www.ft.com/cms/s/0/3b147594-5be0-11dc-bc97-0000779fd2ac.html
The Short View: Central banks
Throughout the summer, markets traded without reference to economic data. Bizarre shifts could be explained by traders’ attempts to deal with huge amounts of credit investments that they realised had been wildly overpriced
quote.bloomberg.com/apps/news?pid=20601087&sid=a3r7FWMXSblI
U.S. Lawmakers, Responding to Market Turmoil, Weigh New Rules
FINANCIAL SYSTEM
Part 1: The rise of the non-bank financial system
atimes.com/atimes/Global_Economy/II06Dj02.html
ABN Amro's Moute Cuts Stock Holdings on `Tip of Iceberg' Fears
quote.bloomberg.com/apps/news?pid=20601109&sid=a_Khyl1WHKIY&refer=exclusive
President advises banking system to focus on professional job
www2.irna.ir/en/news/view/menu-237/0709057573174015.htm
Treasury Department Names Jeb Mason as Deputy Assistant Secretary for Business Affairs and Public Liaison
www.ustreas.gov/press/releases/hp545.htm
Congress Poised to Grill Regulators
biz.yahoo.com/ap/070905/congress_markets.html?.v=6
______________
HEDGEFUNDS
Hedge funds suffering
deseretnews.com/dn/view/0,5143,695207238,00.html
Short-selling to top hedge funds` agenda
www.business-standard.com/common/storypage.php?autono=296890&leftnm=0&subLeft=0&chkFlg=
FOCUS Hedge funds not out of mire yet as credit crunch continues to bite
www.sharewatch.com/story.php?storynumber=15911
Turbulent markets may change UK and US's mind over hedge funds - Steinbrueck
www.sharewatch.com/story.php?storynumber=14445
Wall Street Trader Draws Some Subprime Lessons: Michael Lewis
quote.bloomberg.com/apps/news?pid=20601039&sid=a5lhZkEauCu8
money.cnn.com/2007/08/23/markets/hedge_fund_redemptions/index.htm
Hedge Funds on the brink ... Investors are expected to hit hedge funds with a flood of redemption requests this fall, but those who try to withdraw their money may be in for an unpleasant surprise.
Most hedge funds have "lock-ups," a minimum period of time during which investors agree to tie up their money and not make any withdrawals.
If funds take the extraordinary actions of using the "gate" or suspending redemptions, "this will be a real test to see whether investors can forgive and forget or if this will remain a black mark on the record of fund managers," he said.
___________
DEATHS TODAY
Ohio Congressman Dies
www.breitbart.com/article.php?id=D8RFDHP04&show_article=1
Edward Gramlich, Fed Governor Under Greenspan, Dies
www.bloomberg.com/apps/news?pid=20601068&sid=a6OBCWkowGVI&refer=economy
www.cnbc.com/id/20605168/for/cnbc
Frank says Federal Reserve asked to skip House hearing on financial markets
Frank said he agreed to the Fed's request, although he said he disagreed with the idea that issues such as the prospect of a federal funds rate cut should not be discussed in a public setting. "God forbid we should ever talk about a quarter percent cut on the interest rate," Frank said, adding that democratic institutions discuss everything else.
CNBC commentator Seth Tobias found dead in Florida pool
www.nydailynews.com/entertainment/tv/2007/09/05/2007-09-05_cnbc_commentator_seth_tobias_found_dead_.html
Seth Tobias, Hedge-Fund Boss and TV Commentator, Found Dead
www.bloomberg.com/apps/news?pid=20601103&sid=aE_UCifGvLDo
What's The Scandal?
ddo.typepad.com/ddo/2005/08/quick_whats_the.html
In the 110th Congress, Congressman Gillmor serves on the Financial Services Committee where he is the top Republican on the Subcommittee on Financial Institutions.
He is also a member of the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises and the Subcommittee on Housing and Community
www.ktvb.com/news/regional/stories/ktvbn-sep0507-dunn_obit.a49f5ce5.html
Former Washington State Congresswoman Jennifer Dunn has died, her family announced Wednesday a former six-term member of Congress from Washington -- named last month to the new five-member "special committee" to oversee the editorial independence of the Wall Street Journal after its sale to Rupert Murdoch's News Corp.
Former Fed member Gramlich dies at 68
www.kentucky.com/473/story/167965.html
_____
SEC
quote.bloomberg.com/apps/news?pid=20601087&sid=ape20XrrghYg
SEC Reviews Risks Conduits Pose to Wall Street Firms
www.secactions.com/
_____
NASD
www.nasdaqtrader.com/trader/tradingservices/regnms_factsheet.pdf
REGULATION NMS
______
POLITICS
Bush Says Better Security Could Cut Iraq Troop Levels
quote.bloomberg.com/apps/news?pid=20601116&sid=azH8ulG993RE&refer=africa
____
PAPER
Moody's Lowers Outlook on Commercial Paper Funds
www.bloomberg.com/apps/news?pid=20601087&sid=aTnpL_O4zXrU&refer=home
Citigroup Inc., the largest U.S. bank, is one of several lenders that may suffer if they're forced to cover losses from SIVs, the Wall Street Journal reported today. Citigroup has about a quarter of the market for the funds, representing almost $100 billion of assets under management.
Treasury: Hit to Economy 'Far From Over'
hosted.ap.org/dynamic/stories/C/CONGRESS_MARKETS?SITE=DCTMS&SECTION=HOME&TEMPLATE=DEFAULT
_____
BANKS
Dollar Tumbles on Rate Expectations, but Will Federal Reserve Cut Rates
biz.yahoo.com/fxcm/070905/1189021703072.html?.v=1
Lehman Sees `Material Hit' to Europe Investment Banks
www.bloomberg.com/apps/news?pid=20601085&sid=agb5_f4h90A4
Thaksin 'to sue Swiss banks'
www.nationmultimedia.com/2007/09/06/headlines/headlines_30047927.php
Three month money and banks
www.ft.com/cms/s/d7f82a76-5bb9-11dc-bc97-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2Fd7f82a76-5bb9-11dc-bc97-0000779fd2ac.html&_i_referer=http%3A%2F%2Fnews.search.yahoo.com%2Fsearch%2Fnews%3B_ylt%3DA0WTTkiGDt9Gn6QAUTLQtDMD%3B_ylu%3DX3oDMTBhNjRqazhxBHNlYwNzZWFyY2g-%3Fp%3Dbanks
Overnight interest rates are, more or less, being controlled by central banks. But a little further down the yield curve, where monetary tools have less efficacy, rates continue to soar. At three months, banks are still struggling to borrow enough, either from each other or external sources.
Most banks employ a “wall of money” argument. It goes like this: with commercial paper markets out of action, they need full flexibility to honour the credit lines they wrote to structured credit vehicles.
Their demand for money is so large that it has caused a bottleneck in the money markets, distorting rates. But the quality of the assets being taken on balance sheet remains impeccable.
The financial meltdown ready to start the next devastating leg as banks take stricken investment vehicle based assets into account and risk parameters dominate pricing
www.indiadaily.com/editorial/18125.asp
Central banks seek to quell crisis
news.yahoo.com/s/ft/20070905/bs_ft/fto090520071556561850
_
OF INTEREST
JMCP Acquisitions Corp. to Become a Reporting Entity
biz.yahoo.com/prnews/070905/clw052a.html?.v=1
Judge orders receiver for Universal Express
www.bizjournals.com/southflorida/stories/2007/09/03/daily11.html
Financial Service Committee to Hold Hearing on Credit and Financial Markets
www.house.gov/apps/list/press/financialsvcs_dem/press082307.shtml
www.sec.gov/news/press/2007/2007-171.htm
SEC Charges Boston Stock Exchange and Former President James Crofwell With Failing to Police Specialists
Fed, Blamed for Asset-Price Inaction, Is Told `Tide Is Turning'
www.bloomberg.com/apps/news?pid=20601109&sid=aLsu9feQITDY&refer=exclusive
www.ktvb.com/news/regional/stories/ktvbn-sep0507-dunn_obit.a49f5ce5.html
Former Washington State Congresswoman Jennifer Dunn has died, her family announced Wednesday
GLOBALIZATION HAS A DOWNSIDE, AND WE'D BETTER BE PREPARED
news.yahoo.com/s/ucas/20070904/cm_ucas/globalizationhasadownsideandwedbetterbeprepared
www.businessweek.com/magazine/content/07_31/b4044001.htm?campaign_id=rss_magzn
Profiting From Mortality: Death bonds may be the most macabre investment scheme ever devised by Wall Street