Daily Dispatches

Scrap Bank of England's powers after century of boom and bust, think-tank says

Submitted by cpowell on Mon, 2016-01-11 08:23 Section: Daily Dispatches

By Peter Spence
The Telegraph, London
Monday, January 11, 2016

The Bank of England should abolish the Monetary Policy Committee and dump its inflation target because the regime has been responsible for creating a century of boom and bust, a think-tank has claimed.

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Saudis told to prop up currency amid global devaluation war fears

Submitted by cpowell on Sun, 2016-01-10 11:45 Section: Daily Dispatches

By Mehreen Khan
The Telegraph, London
Sunday, January 10, 2016

Saudi Arabia should use its massive foreign exchange reserves to defend the riyal amid fears the world is descending into a new phase of global currency wars, the World Bank has said.

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Brookings Institution posts GATA secretary's questions to Bernanke

Submitted by cpowell on Sat, 2016-01-09 20:15 Section: Daily Dispatches

8:10p Saturday, January 9, 2016

Dear Friend of GATA and Gold:

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TF Metals Report: Another 'conspiracy theory' becomes conspiracy fact

Submitted by cpowell on Sat, 2016-01-09 20:02 Section: Daily Dispatches

8p ET Saturday, January 9, 2016

Dear Friend of GATA and Gold:

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OMG -- FT prints something hopeful about gold, if for the wrong reason

Submitted by cpowell on Fri, 2016-01-08 17:24 Section: Daily Dispatches

But yes, most gold-mining executives are indeed "blithering idiots."

* * *

Golden Opportunity? The Capital Cycle Is Turning

Merryn Somerset Webb
Financial Times, London
Friday, January 8, 2016

http://www.ft.com/intl/cms/s/0/c38b6b8c-b5f3-11e5-b147-e5e5bba42e51.html

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China faces currency issues beyond US dollar

Submitted by cpowell on Fri, 2016-01-08 15:56 Section: Daily Dispatches

By Roger Blitz
Financial Times, London
Friday, January 8, 2016

The renminbi's steep fall against the dollar, which has caused investors so much mayhem, has obscured its relative strength against the currencies of some of China's trading partners.

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China's ICBC Standard Bank buys Deutsche's London bullion vault: Reuters

Submitted by cpowell on Fri, 2016-01-08 13:25 Section: Daily Dispatches

By Clara Denina
Reuters
Friday, January 8, 2016

LONDON -- ICBC Standard Bank is buying the lease on Deutsche Bank's London gold and silver vault, enlarging its footprint in the city's bullion market, four industry sources close to the companies said on Friday.