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Daily Dispatches
China's foreign exchange war chest drained as growth fears intensify
Submitted by cpowell on Mon, 2015-09-07 10:31 Section: Daily DispatchesBy Szu Ping Chan
The Telegraph, London
Monday, September 7, 2015
China's war chest of foreign exchange reserves fell by the largest amount on record in August, as official data revealed the cost of efforts to defend the renminbi.
Reserves fell by $93.9 billion to $3.56 trillion (L2.33 trillion) last month, according to the People's Bank of China (PBoC).
Ronan Manly: LBMA's shifting stance on gold refinery production statistics
Submitted by cpowell on Mon, 2015-09-07 10:19 Section: Daily Dispatches10:17a ET Monday, September 7, 2015
Dear Friend of GATA and Gold:
China's new oil contract signals shift from Brent and U.S. dollar
Submitted by cpowell on Mon, 2015-09-07 09:56 Section: Daily DispatchesBy Andrew Critchlow
The Telegraph, London
Monday, September 7, 2015
Brent crude has been the global benchmark against which most oil is measured ever since the field from which it draws its name was discovered in the 1970s. ...
Lawrie Williams: Shanghai gold deliveries for August were phenomenal
Submitted by cpowell on Sun, 2015-09-06 14:42 Section: Daily DispatchesBy Lawrie Williams
SharpsPixley.com, London
Sunday, September 6, 2015
August is always a weak month for physical gold moving through China's Shanghai Gold Exchange -- or rather it has been up until now. The big months for SGE withdrawals are normally at the beginning and the end of the year ahead of the Chinese New Year holidays, while trading in the summer months is usually thin.
Russia flirts with Saudi Arabia as OPEC pain deepens
Submitted by cpowell on Sun, 2015-09-06 09:23 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Sunday, September 6, 2015
CERNOBBIO, Italy -- The OPEC oil cartel cannot withstand the pain of low crude prices indefinitely and may be forced to abandon its pugnacious bid for market share within months, Russia's chief energy official has predicted.
Saudi central banker sees no threat to currency's dollar peg
Submitted by cpowell on Sun, 2015-09-06 09:19 Section: Daily DispatchesBy Onur Ant Ryan Chilcote Alaa Shahine
Bloomberg News
Sunday, September 6, 2015
Central bank Governor Fahad Al-Mubarak said Saudi Arabia will stick with its currency peg as long as oil underpins the economy, dismissing speculation that the country's currency system is coming under pressure.
Judy Shelton: How a gold-backed bond could open an avenue to monetary reform
Submitted by cpowell on Sat, 2015-09-05 10:08 Section: Daily DispatchesBy Judy Shelton
New York Sun
Saturday, September 5, 2015
U.S. Treasury official: G-20 sees need to 'double down' against devaluation
Submitted by cpowell on Sat, 2015-09-05 09:10 Section: Daily DispatchesBy David Dolan
Reuters
Saturday, September 5, 2015
ANKARA, Turkey -- There is a shared belief among the members of the Group of 20 leading economies in the need to "double down" against competitive currency devaluation and avoid it in both policy and language, a senior U.S. Treasury official said today.
Jim Rickards on China's strategy toward the dollar and gold
Submitted by cpowell on Fri, 2015-09-04 23:35 Section: Daily Dispatches11:35p ET Friday, September 4, 2015
Dear Friend of GATA and Gold:
Interviewed by Tekoa Da Silva of Sprott Global Resource Investments, fund manager and author James G. Rickards outlines what he sees as China's strategy toward the U.S. dollar and gold. Rickards adds that confidence in a currency is easily lost. The interview is posted at the Sprott Global Internet site here:
Koos Jansen: Record monthly gold exports from Britain to China
Submitted by cpowell on Fri, 2015-09-04 23:15 Section: Daily Dispatches11:14p ET Friday, September 4, 2015
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen reports that gold exports from the United Kingdom to China reached a record 32.4 tonnes in June. Jansen's report is headlined "Record Monthly Gold Exports from UK to China" and it's posted at Bullion Star here:
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