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Daily Dispatches
China is likely capping Comex gold to facilitate metal's eastward flow
Submitted by cpowell on Tue, 2016-02-16 20:34 Section: Daily Dispatches8:43p ET Tuesday, February 16, 2016
Dear Friend of GATA and Gold:
Wait a minute, Goldman Sachs -- Didn't FDR revalue gold upward by 70%?
Submitted by cpowell on Tue, 2016-02-16 01:21 Section: Daily DispatchesGoldman Channels FDR's 'Nothing to Fear' With Sell Gold Call
By Ranjeetha Pakiam and Jasmine Ng
Bloomberg News
Tuesday, February 16, 2016
Ambrose Evans-Pritchard: German 'bail-in' plan for govt. bonds risks blowing up the euro
Submitted by cpowell on Mon, 2016-02-15 19:30 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, February 15, 2016
A new German plan to impose "haircuts" on holders of eurozone sovereign debt risks igniting an unstoppable European bond crisis and could force Italy and Spain to restore their own currencies, a top adviser to the German government has warned.
Turk tells KWN why silver's charts hint at spectacular rise
Submitted by cpowell on Mon, 2016-02-15 14:06 Section: Daily Dispatches2:06p ET Monday, February 15, 2016
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk today explains to King World News why price charts suggest that the price of silver is likely to soar:
http://kingworldnews.com/despite-todays-pullback-in-the-metals-a-jaw-dro...
CHRIS POWELL, Secretary/Treasurer
Major central banks tear up interest rate plans as market turmoil forces them into reverse
Submitted by cpowell on Sun, 2016-02-14 11:58 Section: Daily DispatchesBy Peter Spence
The Telegraph, London
Saturday, February 13, 2016
The world's most powerful central banks will be forced to tear up their plans following the carnage that has engulfed financial markets since the beginning of the year.
Fed's 'dot plot' looks increasingly out of touch on rates
Submitted by cpowell on Sun, 2016-02-14 11:55 Section: Daily DispatchesBy Ann Saphir
Reuters
Sunday, February 14, 2016
The Federal Reserve's rate path "dot plot" has become increasingly detached from financial markets' interest-rate projections and risks sending an overly hawkish message that may undermine the central bank's credibility.
Investors are flocking to gold like there's no tomorrow
Submitted by cpowell on Sat, 2016-02-13 14:56 Section: Daily DispatchesBy Lauren Gensler
Forbes magazine, New York
Friday, February 12, 2016
Gold is having a moment.
The precious metal surged 6% this week, and is up 16% this year, as global market turmoil has prompted nervous investors to rush into what they view as a safe haven investment.
Chinese start to lose confidence in their currency
Submitted by cpowell on Sat, 2016-02-13 14:52 Section: Daily DispatchesBy Keith Bradsher
The New York Times
Saturday, February 13, 2016
HONG KONG -- As the Chinese economy stumbles, wealthy families are increasingly trying to move large sums of money out of the country, worried that the value of the currency will fall and their savings will be worth less.
Allister Heath: This crisis has been caused by arrogant central banks
Submitted by cpowell on Fri, 2016-02-12 12:54 Section: Daily DispatchesBy Allister Heath
The Telegraph, London
Thursday, February 11, 2016
An interview with George Taber, author of 'Chasing Gold'
Submitted by cpowell on Fri, 2016-02-12 12:11 Section: Daily Dispatches12:10p ET Friday, February 12, 2016
Dear Friend of GATA and Gold:
The enduring power of gold as money is recounted in an interview done this week by the University of Pennsylvania's Wharton School of Business with George M. Taber, a former business editor of Time magazine and author of the recent book "Chasing Gold: The Incredible Story of How the Nazis Stole Europe's Bullion."
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