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Daily Dispatches
Zero Hedge: China's devaluation plan is warning to Fed against raising rates
Submitted by cpowell on Fri, 2015-12-11 13:28 Section: Daily Dispatches1:28p ET Friday, December 11, 2015
Dear Friend of GATA and Gold:
Zero Hedge argues today that China's de-pegging its currency, the yuan, from the U.S. dollar and re-pegging it to a basket of recently depreciated currencies foretells a devaluation of the yuan of 15 percent and a dumping of Chinese foreign exchange reserves to control the descent amid capital outflows.
China signals aim to loosen yuan's peg to dollar and use currency basket instead
Submitted by cpowell on Fri, 2015-12-11 11:58 Section: Daily DispatchesBy Lingling Wei
The Wall Street Journal
Friday, December 11, 2015
BEIJING, China -- China's central bank signaled its intention to change the way it manages the yuan's value by potentially loosening its peg to the U.S. dollar and instead letting it track the currencies of its broader trading partners.
Austria repatriates 15 tonnes of gold from London
Submitted by cpowell on Fri, 2015-12-11 11:53 Section: Daily DispatchesFrom Reuters
Friday, December 11, 2015
VIENNA, Austria -- Austria has repatriated 15 tonnes of its gold reserves as part of a plan to hold half its stock of the precious metal within the country's borders, the Austrian National Bank said today.
Gold and currency market rigging controls the world, GATA secretary tells Daily Coin
Submitted by cpowell on Thu, 2015-12-10 13:52 Section: Daily Dispatches1:53p ET Thursday, December 10, 2015
Dear Friend of GATA and Gold:
China said to delay launch of yuan gold benchmark to April
Submitted by cpowell on Thu, 2015-12-10 13:28 Section: Daily DispatchesFrom Reuters
via The Times of India, Mumbai
Thursday, December 10, 2015
SINGAPORE -- China has delayed the launch of its yuan-denominated gold benchmark on the Shanghai Gold Exchange to next year, two sources familiar with the matter said.
Alasdair Macleod: Indian govt. aims to expropriate its people's gold
Submitted by cpowell on Thu, 2015-12-10 11:37 Section: Daily Dispatches11:35a ET Thursday, December 10, 2015
Dear Friend of GATA and Gold:
Chris Martenson: The screaming fundamentals for owning gold
Submitted by cpowell on Wed, 2015-12-09 15:17 Section: Daily Dispatches3:15p ET Wednesday, December 9, 2015
Dear Friend of GATA and Gold:
Bron Suchecki: China accelerates gold reserves accumulation
Submitted by cpowell on Wed, 2015-12-09 11:46 Section: Daily Dispatches11:49a ET Wednesday, December 9, 2015
Dear Friend of GATA and Gold:
China's recent announcements of additions to the gold reserves held by the People's Bank of China suggest an acceleration in gold accumulation, the Perth Mint's Bron Suchecki writes today.
Steve Forbes: The New York Times' leaden analysis of gold
Submitted by cpowell on Wed, 2015-12-09 11:28 Section: Daily DispatchesBy Steve Forbes
Forbes.com
Wednesday, December 9, 2015
The New York Times recently ran an article trashing the idea of a return to a gold standard:
http://www.gata.org/node/15986
A growing number of Republicans, including presidential hopeful Sen. Ted Cruz, advocate fixing the value of the dollar to gold.
Australian police raid Sydney home of reported bitcoin creator
Submitted by cpowell on Wed, 2015-12-09 08:45 Section: Daily DispatchesBy Byron Kaye and Colin Packham
Reuters
Wednesday, December 9, 2015
SYDNEY, Australia -- Australian police raided Wednesday the Sydney home and office of a man named by Wired magazine as the probable creator of bitcoin and holder of hundreds of millions of dollars worth of the cryptocurrency, Reuters witnesses said.
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