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Daily Dispatches
Bankers see $1 trillion of investments stranded in the oil fields
Submitted by cpowell on Thu, 2014-12-18 08:31 Section: Daily DispatchesBy Tom Randall
Bloomberg News
Thursday, December 18, 2014
There are zombies in the oil fields.
After crude prices dropped 49 percent in six months, oil projects planned for next year are the undead -- still standing but with little hope of a productive future. These zombie projects proliferate in expensive Arctic oil, deepwater-drilling regions, and tar sands from Canada to Venezuela.
Switzerland imposes negative interest rates to keep franc from rising
Submitted by cpowell on Thu, 2014-12-18 08:21 Section: Daily DispatchesInterest Rate Cut Shocks Swiss Franc Lower
By Jemima Kelly
Reuters
Thursday, December 18, 2014
LONDON -- The Swiss franc hit a 28-month trough against the dollar and fell against the euro on Thursday after the Swiss National Bank said it would introduce negative interest rates to stop further currency appreciation.
Kaye tells KWN why 2015 will be gold's year
Submitted by cpowell on Wed, 2014-12-17 16:15 Section: Daily Dispatches4:15p ET Wednesday, December 17, 2014
Dear Friend of GATA and Gold:
Hong Kong fund manager William Kaye today tells King World News why he thinks 2015 will be gold's year:
http://kingworldnews.com/top-asian-hedge-fund-manager-predicts-banner-ye...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Pam Martens: Meet your newest legislator -- Citigroup
Submitted by cpowell on Wed, 2014-12-17 08:43 Section: Daily DispatchesBy Pam Martens
Wall Street on Parade, New York
Tuesday, December 16, 2014
Traders betting Russia's next move will be to sell gold
Submitted by cpowell on Tue, 2014-12-16 20:26 Section: Daily DispatchesBy Debarati Roy
Bloomberg News
Tuesday, December 16, 2014
NEW YORK -- Russia's surprise interest-rate increase failed to stop the plummeting ruble. The next weapon available to repair economic havoc caused by sanctions and falling oil prices: selling gold.
India to weigh gold policy impact after 38% spurt in November imports
Submitted by cpowell on Tue, 2014-12-16 12:55 Section: Daily DispatchesBy Suvashree Choudhury and Meenakshi Sharma
Reuters
Tuesday, December 16, 2014
India will weigh the impact of last month's easing of gold import rules after inbound shipments jumped 38 percent in November to push its trade deficit to an 18-month high, Trade Secretary Rajeev Kher said today.
Finance now runs the world and productive economy is an afterthought, Embry says
Submitted by cpowell on Tue, 2014-12-16 12:16 Section: Daily Dispatches12:15p ET Tuesday, December 16, 2014
Dear Friend of GATA and Gold:
Secret central bank interventions are the worst market disruptions, Turk says
Submitted by cpowell on Mon, 2014-12-15 17:10 Section: Daily Dispatches5:08p ET Monday, December 15, 2014
Dear Friend of GATA and Gold:
Secret central bank interventions are the reason for the withdrawal of a big commodity trading company from the gold market, GoldMoney founder and GATA consultant James Turk tells King World News today.
Let them eat gold -- if, in depression-stricken Spain, they have the money
Submitted by cpowell on Sat, 2014-12-13 11:30 Section: Daily DispatchesSpain's Gold Dust Bread 'World's Most Pricey'
From The Local, Madrid, Spain
Friday, December 12, 2014
http://www.thelocal.es/20141212/spains-gold-dust-bread-worlds-most-pricey
Spain is the home of cheap breakfasts with a set menu comprised of toast, coffee, and orange juice often coming in at least than E3.
Koos Jansen: Why Austria is likely to repatriate its gold from London
Submitted by cpowell on Sat, 2014-12-13 10:46 Section: Daily Dispatches10:46a ET Saturday, December 13, 2014
Dear Friend of GATA and Gold:
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