Daily Dispatches

Central bank sets off panic and chaos in Switzerland, von Greyerz tells KWN

Submitted by cpowell on Thu, 2015-01-15 14:27 Section: Daily Dispatches

2:27p ET Thursday, January 15, 2015

Dear Friend of GATA and Gold:

Swiss gold fund manager Egon von Greyerz today tells King World News about the panic and chaos in Switzerland and elsewhere in Europe caused by the Swiss National Bank's repudiation of its pegging the Swiss franc to the euro.

Read more about Central bank sets off panic and chaos in Switzerland, von Greyerz tells KWN

Central bank conflicts coming into the open, promising 'volatility'

Submitted by cpowell on Thu, 2015-01-15 11:19 Section: Daily Dispatches

Switzerland's abrupt reversal on the franc's euro peg reminds markets that central banks can't be trusted.

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Swiss National Bank Shocks the World

By Simon Kennedy
Bloomberg News
Thursday, January 15, 2015

The road to normal is proving to be bumpy.

Read more about Central bank conflicts coming into the open, promising 'volatility'

Koos Jansen: 'Astonishing' heavy withdrawals from Shanghai Gold Exchange

Submitted by cpowell on Thu, 2015-01-15 10:58 Section: Daily Dispatches

10:58a ET Thursday, January 15, 2015

Dear Friend of GATA and Gold:

Read more about Koos Jansen: 'Astonishing' heavy withdrawals from Shanghai Gold Exchange

Swiss National Bank shocks markets by scrapping peg to euro

Submitted by cpowell on Thu, 2015-01-15 08:46 Section: Daily Dispatches

By Alice Baghdjian and Silke Koltrowitz
Reuters
Thursday, January 15, 2015

ZURICH, Switzerland -- The Swiss National Bank shocked financial markets today by scrapping a 3-year-old cap on the franc, sending the safe-haven currency soaring through the 1.20 per euro limit and stoking fears about the export-reliant Swiss economy.

Read more about Swiss National Bank shocks markets by scrapping peg to euro

Kaye notes Russian gas cutoff, sees sovereign bids for gold at $1,205

Submitted by cpowell on Wed, 2015-01-14 23:55 Section: Daily Dispatches

11:55p ET Wednesday, January 14, 2015

Dear Friend of GATA and Gold:

Read more about Kaye notes Russian gas cutoff, sees sovereign bids for gold at $1,205

Banks' withdrawal opens doors for niche financiers in gold sector

Submitted by cpowell on Wed, 2015-01-14 20:22 Section: Daily Dispatches

By Silvia Antonioli and Clara Denina
Reuters
Wednesday, January 14, 2015

LONDON -- Struggling gold miners are turning increasingly to alternative sources of finance for funds as banks and equity investors shy away.

Read more about Banks' withdrawal opens doors for niche financiers in gold sector

Gold sector's bad bets wiping out lifetime earnings -- and investor confidence

Submitted by cpowell on Wed, 2015-01-14 20:16 Section: Daily Dispatches

By Peter Koven
National Post, Toronto
Wednesday, January 14, 2015

TORONTO -- Goldcorp Inc. could soon join an inglorious group: large gold miners that have a net loss to show for their entire history as corporate entities.