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Daily Dispatches
'Trust the market,' Chinese central banker says after rigging it
Submitted by cpowell on Thu, 2015-08-13 13:20 Section: Daily DispatchesChina's Central Bank Vows to Control Market "Herding" as Yuan Falls for Third Day
By Szu Ping Chan and Tara Cunningham
The Telegaph, London
Thursday, August 13, 2015
China's central bank has dismissed claims that it is trying to engineer a 10-percent fall in the yuan as "groundless," just days after it devalued its currency for the first time in over 20 years.
Alasdair Macleod: Welcome to the world of ZIRP zombies
Submitted by cpowell on Thu, 2015-08-13 12:06 Section: Daily Dispatches12:05p ET Thursday, August 13, 2015
Dear Friend of GATA and Gold:
GoldMoney research chief Alaadair Macleod writes today that central banks are about to discover that zero interest rates don't revive the real economy but only put it in grave danger as the policy is reversed.
Bron Suchecki: Telling a metal shortage from a production capacity shortage
Submitted by cpowell on Thu, 2015-08-13 11:29 Section: Daily Dispatches11:29a ET Thursday, August 13, 2015
Dear Friend of GATA and Gold:
Perth Mint research director Bron Suchecki writes this week about distinguishing a shortage of monetary metal from bottlenecks in coin and bar production capacity. Suchecki's commentary is headlined "Coin Shortage FAQs: Telling a Real Shortage from a Capacity Shortage" and it's posted at the Perth Mint's Internet site here:
China's central bank sees no basis for further yuan depreciation
Submitted by cpowell on Thu, 2015-08-13 11:01 Section: Daily DispatchesBy Kevin Yao and Pete Sweeney
Reuters
Thursday, August 13, 2015
SHANGHAI -- China's central bank said on Thursday that there is no basis for further depreciation in the yuan currency given strong economic fundamentals, in a bid to reassure jittery global financial markets after it devalued the currency earlier in the week.
China cuts yuan rate against US dollar for second day
Submitted by cpowell on Wed, 2015-08-12 08:32 Section: Daily DispatchesFrom Agence France-Presse
via Yahoo News
Wednesday, August 12, 2015
SHANGHAI -- China cut the yuan's value against the dollar for the second consecutive day Wednesday, roiling global financial markets and driving expectations the currency could be set for further falls.
New York Sun editorial: The fiat yuan
Submitted by cpowell on Tue, 2015-08-11 18:27 Section: Daily DispatchesFrom the New York Sun
Tuesday, August 11, 2015
Bill Holter: An open letter to the mining industry
Submitted by cpowell on Tue, 2015-08-11 11:14 Section: Daily DispatchesBy Bill Holter
Tuesday, August 11, 2015
Last year at this time I asked readers who owned shares in gold and silver producers to send their companies a letter. I ask that you do this once again.
China's devaluation raises currency war fear as Greece strikes deal
Submitted by cpowell on Tue, 2015-08-11 07:58 Section: Daily DispatchesBy Nigel Stephenson
Reuters
Tuesday, August 11, 2015
LONDON -- China's shock 2 percent devaluation of the yuan on Tuesday pushed the dollar higher and raised the prospect of a new round of currency wars, just as Greece reached a new deal to contain its debt crisis.
Avery Goodman: Goldman, HSBC tell you to sell gold but they're buying
Submitted by cpowell on Mon, 2015-08-10 12:51 Section: Daily Dispatches12:50p ET Monday, August 10, 2015
Dear Friend of GATA and Gold:
TF Metals Report: China's gold reserves rise 1.5% since July announcement
Submitted by cpowell on Mon, 2015-08-10 12:45 Section: Daily Dispatches12:45p ET Monday, August 10, 2015
Dear Friend of GATA and Gold:
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