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Daily Dispatches
Koos Jansen: How the West has been selling gold into a black hole
Submitted by cpowell on Fri, 2017-01-06 09:50 Section: Daily Dispatches9:50a ET Friday, January 6, 2017
Dear Friend of GATA and Gold:
Alasdair Macleod: Fiat money quantity breaks $15 trillion
Submitted by cpowell on Thu, 2017-01-05 14:12 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, January 5, 2017
Bullion Star posts primer on China's especially secretive gold reserves
Submitted by cpowell on Thu, 2017-01-05 10:25 Section: Daily Dispatches10:25a ET Thursday, January 5, 2017
Dear Friend of GATA and Gold:
Bullion Star's latest primer on central bank gold reserves is about China's, which, Bullion Star notes, are among the world's most secret. The primer is posted here:
https://www.bullionstar.com/gold-university/central-bank-gold-policies-p...
CHRIS POWELL, Secretary/Treasurer
China's choices narrowing as it burns through FX reserves to support yuan
Submitted by cpowell on Thu, 2017-01-05 10:21 Section: Daily DispatchesBy Nichola Saminather
Reuters
Thursday, January 5, 2017
SINGAPORE -- As China's foreign exchange reserves threaten to tumble below the critical $3 trillion mark, the biggest fear for investors is not whether Beijing can continue to defend the yuan but whether it will set off a vicious cycle of more outflows and currency depreciation.
Bullion Star 'infographic' on gold ETFs shows how they undermine the gold price
Submitted by cpowell on Wed, 2017-01-04 16:03 Section: Daily Dispatches4:03p ET Wednesday, January 4, 2017
Dear Friend of GATA and Gold:
Saville doesn't get it: Rig the gold price and you rig all prices
Submitted by cpowell on Wed, 2017-01-04 15:47 Section: Daily Dispatches3:49p ET Wednesday, January 4, 2017
Dear Friend of GATA and Gold:
Manipulation of the gold market by investment banks, technical analyst Steve Saville writes this week in the Speculative Investor, is not necessarily long-term price suppression:
http://tsi-blog.com/2017/01/market-manipulation-is-not-price-suppression/
'Audit the Fed' bill gets new push under Trump
Submitted by cpowell on Wed, 2017-01-04 14:55 Section: Daily DispatchesBy Peter Schroeder
The Hill, Washington, D.C.
Wednesday, January 4, 2017
Controversial legislation to subject the Federal Reserve's monetary policy powers to outside scrutiny is getting new life in Washington.
Rep. Thomas Massie, R-Ky., and Sen. Rand Paul, R-Ky., have re-introduced legislation to "audit the Fed" after a similar effort stalled in the last Congress.
U.S. LIBOR breaks above 1 percent for first time since 2009
Submitted by cpowell on Wed, 2017-01-04 10:58 Section: Daily DispatchesBy Richard Leong and Dan Burns
Reuters
Wednesday, January 4, 2017
The rate banks charge each other to borrow dollars for three months rose above 1 percent today for the first time since May 2009 as global interest rates extend their climb on expectations of accelerating growth and inflation.
China Inc.'s large dollar debts fuel Beijing's efforts to curb yuan plunge
Submitted by cpowell on Tue, 2017-01-03 18:11 Section: Daily DispatchesBy Lingling Wei
The Wall Street Journal
Tuesday, January 3, 2017
BEIJING -- The large pile of foreign debt owed by Chinese companies, from state-owned banks to airlines, is giving added impetus to Beijing's efforts to keep the yuan from falling too steeply against the rallying dollar.
Mike Kosares: The gold owner's guide to 2017
Submitted by cpowell on Tue, 2017-01-03 14:47 Section: Daily Dispatches2:45p ET Tuesday, January 3, 2017
Dear Friend of GATA and Gold:
In his "Gold Owner's Guide to 2017," Mike Kosares of USAGold in Colorado writes that gold remains in a long-term uptrend and the U.S. dollar in a long-term downtrend despite the movements of the last several years. Silver, Kosares adds, has been doing especially well. His analysis is posted at USAGold here:
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