Daily Dispatches

U.S. LIBOR breaks above 1 percent for first time since 2009

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By Richard Leong and Dan Burns
Reuters
Wednesday, January 4, 2017

The rate banks charge each other to borrow dollars for three months rose above 1 percent today for the first time since May 2009 as global interest rates extend their climb on expectations of accelerating growth and inflation.

China Inc.'s large dollar debts fuel Beijing's efforts to curb yuan plunge

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By Lingling Wei
The Wall Street Journal
Tuesday, January 3, 2017

BEIJING -- The large pile of foreign debt owed by Chinese companies, from state-owned banks to airlines, is giving added impetus to Beijing's efforts to keep the yuan from falling too steeply against the rallying dollar.

Mike Kosares: The gold owner's guide to 2017

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2:45p ET Tuesday, January 3, 2017

Dear Friend of GATA and Gold:

In his "Gold Owner's Guide to 2017," Mike Kosares of USAGold in Colorado writes that gold remains in a long-term uptrend and the U.S. dollar in a long-term downtrend despite the movements of the last several years. Silver, Kosares adds, has been doing especially well. His analysis is posted at USAGold here:

GATA's Ed Steer to speak at Vancouver Resource Investment Conference

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2:07p ET Tuesday, January 3, 2017

Dear Friend of GATA and Gold:

GATA Board of Directors member Ed Steer, publisher of the daily Ed Steer's Gold and Silver Digest letter --

http://www.edsteergoldandsilver.com

Note ban seen shaving a third of India's gold demand in 2017

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By Rejesh Bhayani
Business Standard, New Delhi
Saturday, December 31, 2016

Demonetization is expected to shave 300 tonnes off India's gold demand, which is unlikely to come back in a hurry.

India discounts widen, China premiums narrow on sluggish demand

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By Rajendra Jadhav and Apeksha Nair
Reuters
Friday, December 30, 2016

Gold discounts in India widened this week as a rebound in global prices prompted buyers to postpone purchases amid a severe cash crunch, while demand across Asia remained subdued.

U.S. dollar's share of global currency reserves slips in third quarter

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By Jason Lange
Reuters
Friday, December 30, 2016

The U.S. dollar's share of currency reserves reported to the International Monetary Fund slipped in the third quarter of 2016 to its lowest level in two years, data from the IMF showed today.

Currency revocation seems unlikely to generate windfall for Indian government

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Indians Rush to Exchange Cash Ahead of Deadline

Demonetisation Has Seen More Money Returned to the System than Originally Expected

By Kiran Stacey
Financial Times, London
Friday, December 30, 2016

https://www.ft.com/content/699c0d30-ce56-11e6-864f-20dcb35cede2

A tally of Iran sanctions relief includes more than $10 billion in cash, gold

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By Carole E. Lee and Jay Solomon
The Wall Street Journal
Friday, December 30, 2016

WASHINGTON -- In the three years since a preliminary nuclear deal was struck with Iran, Tehran has received more than $10 billion in sanctions relief from around the world in the form of cash and gold, according to current and former U.S. officials.

GATA plans important disclosure Saturday

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10:16a ET Friday, December 30, 2016

Dear Friend of GATA and Gold:

On Saturday GATA expects to make an important disclosure about central bank gold reserves and the gold market.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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