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Daily Dispatches
Sprott sees scrap gold disappearing, expects Comex default
Submitted by cpowell on Mon, 2013-02-11 16:05 Section: Daily Dispatches4p ET Monday, February 11, 2013
Dear Friend of GATA and Gold:
Sprott Asset Management CEO Eric Sprott today tells King World News that scrap gold supply is disappearing, that he expects the Comex gold futures market to default, and that when it does, gold "will make up for these past two years in no time." An excerpt from the interview is posted at the King World News blog here:
New York Sun: The state of the dollar
Submitted by cpowell on Mon, 2013-02-11 15:11 Section: Daily Dispatches3:06p ET Monday, February 11, 2013
Dear Friend of GATA and Gold:
As President Obama prepares to deliver his State of the Union address Tuesday night, the New York Sun says the state of the dollar should overwhelm all other subjects.
Russia, China know what GATA knows about gold, Embry tells King World News
Submitted by cpowell on Mon, 2013-02-11 15:03 Section: Daily Dispatches3p ET Monday, February 11, 2013
Dear Friend of GATA and Gold:
Russia and China know what GATA long has been telling the world about the rigging of the gold market and they are acting on it, Sprott Asset Management's John Embry today tells King World News.
G7 expected to issue statement to cool currency war talk
Submitted by cpowell on Mon, 2013-02-11 11:50 Section: Daily DispatchesThey say they want both "market-determined exchange rates" and "stability" -- contradictions in terms. So of course there will continue to be constant interventions, both open and surreptitious.
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From Reuters
Monday, February 11, 2013
http://www.reuters.com/article/2013/02/11/g7-forex-idUSL5N0BBBHP20130211
Gene Arensberg's Got Gold Report sees shares testing support
Submitted by cpowell on Sun, 2013-02-10 21:45 Section: Daily Dispatches9:42p ET Sunday, February 10, 2013
Dear Friend of GATA and Gold:
Gene Arensberg's Got Gold Report tonight sees or at least imagines a bottom for gold mining shares, a testing of long-term support. His commentary is headlined "What Is Wrong with This Picture?" and it's posted at the GGR's Internet site here:
Putin turns black gold into bullion as Russia outbuys world
Submitted by cpowell on Sun, 2013-02-10 19:57 Section: Daily DispatchesBy Scott Rose and Olga Tanas
Bloomberg News
Sunday, February 10, 2013
http://www.bloomberg.com/news/2013-02-10/putin-turns-black-gold-into-bul...
MOSCOW -- When Vladimir Putin says the United States is endangering the global economy by abusing its dollar monopoly, he's not just talking. He’s betting on it.
Venezuelan devaluation sparks panic buying
Submitted by cpowell on Sun, 2013-02-10 19:41 Section: Daily DispatchesBy Benedict Mander
Financial Times, London
Sunday, February 10, 2013
http://www.ft.com/intl/cms/s/0/12e9f32e-739e-11e2-9e92-00144feabdc0.html
CARACAS, Venezuela -- Panic buyers thronged Venezuelan shops over the carnival weekend after the government of Hugo Chavez announced a surprise devaluation that analysts said was overdue but would only partly right the listing economy.
Unfunded liabilities guarantee crackup, Sprott tells King World News
Submitted by cpowell on Sun, 2013-02-10 16:56 Section: Daily Dispatches4:56p ET Sunday, February 10, 2013
Dear Friend of GATA and Gold (and Silver):
Alasdair Macleod: The impossibility of economic calculation in a fiat world
Submitted by cpowell on Sun, 2013-02-10 15:24 Section: Daily Dispatches3:23p ET Sunday, February 10, 2013
Dear Friend of GATA and Gold:
King World News responds to attack on its Internet site
Submitted by cpowell on Sat, 2013-02-09 23:49 Section: Daily Dispatches11:44p ET Saturday, February 9, 2013
Dear Friend of GATA and Gold:
GATA tonight received a statement from King World News proprietor Eric King about a recent attack on his network's Internet site. As King World News distributes crucial news and commentary about the monetary metals markets to which GATA calls attention, King's statement is appended.
CHRIS POWELL, Secretary/Treasurer
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