Daily Dispatches

Turkey's president urges people to favor lira and gold to end 'tyranny of the dollar'

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Turks Urged to Trust in Lira to Defeat 'Ttyranny of Dollar'

By Mehul Srivastava and Jonathan Wheatley
Financial Times, London
Wednesday, December 7, 2016

Brussels to fine three banks over Euribor rate rigging

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By Rochelle Toplensky and Martin Arnold
Financial Times, London
Tuesday, December 6, 2016

Brussels on Wednesday will hit HSBC, JPMorgan, and Credit Agricole with multimillion-euro fines for rigging the Euribor interest rate benchmark, closing a five-year cartel probe into a scandal that shook the financial world.

Governments, financial press falsify economic conditions, Embry tells KWN

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12:37p ET Tuesday, December 6, 2016

Dear Friend of GATA and Gold:

Governments and financial news organizations are falsifying the condition of the world's economy, Sprott Asset Management's John Embry tells King World News today, and the price action in the monetary metals is "ludicrous." Embry's comments are excerpted at KWN here:

King Report: Market rigging strives to save disintegrating Europe

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From The King Report
Burr Ridge, Illinois
Tuesday, December 6, 2016

As always when a political event occurs, be alert for central bank intervention.

Someone intervened in European stocks before European bourses opened Monday. Unlike previous interventions, the Brexit and Italian referendum manipulations are intended to save the European Union, not just banks or stocks.

CFTC leaves shaping position limits rule to Trump administration

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By Andrew Ackerman and Alexander Osipovich
The Wall Street Journal
Tuesday, December 6, 2016

WASHINGTON -- U.S. regulators failed to put the finishing touches on a much-debated, long-delayed rule to limit speculation in commodities like oil and gold, opting instead to propose a scaled-back version that leaves its outcome in the hands of the Trump administration.

Avery Goodman: What happened to gold and the dollar after Italy's 'no' vote?

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By Avery Goodman
Tuesday, December 6, 2016

Bill Holter: Fake news, fake markets

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8:25p ET Monday, December 5, 2016

Dear Friend of GATA and Gold:

Market analyst Bill Holter cites GATA's work today in his latest commentary at Jim Sinclair's JSMineSet.com, commentary headlined "Fake News, Fake Markets."

USAGold: Reflections on the election

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1p ET Monday, December 5, 2016

Dear Friend of GATA and Gold:

USAGold's December News & Views newsletter, edited by Michael Kosares, contains some pretty insightful observations on the economy and the U.S. presidential election from a dozen or so market analysts, many of them bearing heavily on gold. It's headlined "Reflections on the Election" and it's posted at USAGold here:

Who needs real metal if paper will do?

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And who needs gold miners if they can never figure out why the metal's price doesn't behave as it should?

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Fears Rise over Future Supply of Gold

By Henry Sanderson
Financial Times, London
Monday, December 5, 2016

"For the first time in history, gold supply into the future is under enormous pressure."

Now Muslims can help bullion banks undermine gold investments with GLD

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Gold Standard Approved for Islamic Finance, Opening New Market

By Claudia Carpenter
Bloomberg News
Monday, December 5, 2016

Gold is acceptable for the first time as an investment in Islamic finance after the group that sets standards for the industry adopted Shariah-compliant rules for trading the metal.

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