Daily Dispatches

Avery Goodman: The 'big long' gets bigger as Goldman, HSBC buy more gold

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12:05p ET Friday, August 14, 2015

Dear Friend of GATA and Gold:

On Keiser Report, GoldMoney's Macleod argues for gold over bank credit

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8:20a ET Friday, August 14, 2015

Dear Friend of GATA and Gold:

GoldMoney research director joins Max Keiser and Stacy Herbert on "The Keiser Report" this week, arguing that gold offers a better foundation for a monetary system than bank credit. The program is posted at the Russia Today Internet site here:

https://www.rt.com/shows/keiser-report/312323-episode-max-keiser-796/

Biggest South African gold miners unions say wage talks 'collapse'

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By Paul Burkhardt
Bloomberg News
Friday, August 14, 2015

The two biggest unions at South African gold-mining companies said wage negotiations have broken down, bringing the industry closer to a strike.

China reports another increase in gold reserves

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China Reveals Increase in Gold Holdings

By Henry Sanderson
Financial Times, London
Friday, August 14, 2015

China released data on its gold holdings for the second time in a month on Friday, in a sign of greater transparency as it moved to an international standard of reporting its reserves.

'Trust the market,' Chinese central banker says after rigging it

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China'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

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12:05p 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

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11:29a 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

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By 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

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From 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

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From the New York Sun
Tuesday, August 11, 2015

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