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Gold Straddles $800
GoldSeek.com — ... in the United States are now the proud owners of what Mr. Romney so eloquently described as "garbage," don't you think it's high time to diversify against those new holdings that have been forced upon us with what he implied was the antithesis? Gold. Gold Market Movers : US leading indicators for Sep +0.3%, above market expectations, versus revised -0.9% in Aug. Canada wholesale trade for Aug -1.5% Libor rates tumble US faces worst recession in 26 years Iceland to announce $6bn IMF-led rescue package ECB's Nowotny sees global 'tri-polar' currency system ...

Iceland to announce $6bn IMF-led rescue
FT Alphaville — Iceland is poised to announce a $6bn IMF-led rescue package . People with knowledge of the talks between Iceland and the IMF said the fund was expected to contribute just in excess of $1bn, with central banks from the Nordic region and Japan contributing the rest. It’s doubtful whether Russia will participate in the rescue after talks between the two countries over a possible $4bn loan ended without agreement. An IMF agreement to provide support has been a condition for the Bank of Japan and other Nordic central banks to help, the people close to the talks said.

IMF back in business
FT Alphaville — ... of interest would be legion, so the investments will be made slowly and conservatively. Buying assets beyond government bonds requires a change in the fund’s Articles of Agreement, which demands parliamentary ratification in many of the IMF’s 185 member countries. Presuming it still has the funds to help, the latest emerging market crisis puts the IMF in a much better future position. As of today its client list looks to be growing apace: At the last count: Related links: Iceland to announce $6bn IMF-led rescue - FT Pakistan ...