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Daily Dispatches
Renminbi's worst month ever sparks U.S.-China currency war fears
Submitted by cpowell on Sun, 2018-07-01 10:01 Section: Daily DispatchesGabriel Wildau and James Kynge
Financial Times, London
Sunday, July 1, 2018
China-s currency suffered its largest-ever monthly fall against the U.S. dollar in June, sparking concern that Beijing is prepared to use currency devaluation as a weapon in an escalating trade war with the United States.
David Brady at Sprott Money: Gold -- the Chinese connection
Submitted by cpowell on Sat, 2018-06-30 09:43 Section: Daily Dispatches9:46a ET Saturday, June 30, 2018
Dear Friend of GATA and Gold:
Market analyst and former fund manager David Brady, writing again at Sprott Money, observes today that, in devaluing the yuan against the U.S. dollar in recent weeks to offset rising U.S. tariffs, China also appears to be pegging the yuan to a gold price of around 8,200 yuan per ounce.
Rebel investors return former executives of Petropavlovsk
Submitted by cpowell on Fri, 2018-06-29 09:13 Section: Daily DispatchesBy Thomas Biesheuvel
Bloomberg News
Friday, June 29, 2018
Rebel shareholders look to have ousted the leadership at Petropavlovsk Plc as the bitter battle for gold mines in Russia's far east took another twist.
GATA Chairman Murphy interviewed for Reluctant Preppers
Submitted by cpowell on Thu, 2018-06-28 23:41 Section: Daily Dispatches11:42p ET Thursday, June 28, 2018
Dear Friend of GATA and Gold:
Hugo Salinas Price: The bitcoin puzzle
Submitted by cpowell on Thu, 2018-06-28 16:51 Section: Daily Dispatches4:52p ET Thursday, June 28, 2018
Dear Friend of GATA and Gold:
Bitcoin, Hugo Salinas Price of the Mexican Civic Association for Silver writes today, is as empty of value as government currencies but will lose out to those currencies because they have protectors and shepherds -- the governments that issue them -- while bitcoin is an orphan.
Craig Hemke at TF Metals Report: As the yield curve flattens
Submitted by cpowell on Wed, 2018-06-27 23:11 Section: Daily Dispatches11:12p ET Wednesday, June 27, 2018
Dear Friend of GATA and Gold:
With the interest rate curve flattening, the TF Metals Report's Craig Hemke writes today, a recession is looming along with an end to interest rate hikes, leading to higher monetary metals prices. Hemke's analysis is headlined "As the Yield Curve Flattens" and it's posted at the TF Metals Report here:
Why Russia and Turkey are such gold bugs
Submitted by cpowell on Wed, 2018-06-27 20:37 Section: Daily DispatchesBy Leonid Bershidsky
Bloomberg News
Wednesday, June 17, 2018
Since December 2017 Russia has cut its holdings of U.S. foreign debt by more than half. Instead, it's been increasing the share of gold in its international reserves.
China think tank warns of potential 'financial panic'
Submitted by cpowell on Wed, 2018-06-27 10:02 Section: Daily DispatchesFrom Bloomberg News
Wednesday, June 27, 2018
A leaked report from a Chinese government-backed think tank has warned of a potential "financial panic" in the world's second-largest economy, a sign that some members of the nation’s policy elite are growing concerned as market turbulence and trade tensions increase.
Ronan Manly: Shareholders Gold Council won't notice the issue that matters most
Submitted by cpowell on Mon, 2018-06-25 23:02 Section: Daily Dispatches11p ET Monday, June 25, 2018
Dear Friend of GATA and Gold:
Bullion Star gold researcher Ronan Manly tonight laments that the Shareholders Gold Council being spearheaded by hedge fund manager and gold advocate John Paulson will focus only on efficiencies in the gold-mining industry, not on gold price suppression by central banks and their agent bullion banks.
Gold rises 300% in three months against Iranian rial
Submitted by cpowell on Sun, 2018-06-24 14:53 Section: Daily DispatchesProtests Erupt in Tehran As Iranian Currency Takes a Nosedive
From Radio Farda
(Radio Free Europe / Radio Liberty)
Prague, Czech Republic
Sunday, June 24, 2018
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