Daily Dispatches

James Howard Kunstler: Bitcoin has replaced gold as the alarm

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2:54p ET Friday, December 8, 2017

Dear Friend of GATA and Gold:

Social critic and novelist James Howard Kunstler writes today that as the cycle of money creation by central banks seems to be winding down, the tax-cutting legislation in Congress is meant to keep pumping money into equities and bonds to avoid a worldwide financial collapse.

Sharps Pixley's Williams cites Ted Butler and GATA's Ed Steer

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12:44p ET Friday, December 8, 2017

Dear Friend of GATA and Gold:

Alasdair Macleod: Inflation vs. deflation -- state finances

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10:06a ET Friday, December 8, 2017

Dear Friend of GATA and Gold:

Insider manipulation of bitcoin price may be legal

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The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market

By Olga Kharif
Bloomberg News
Friday, December 8, 2017

On Nov. 12 someone moved almost 25,000 bitcoins, worth about $159 million at the time, to an online exchange. The news soon rippled through online forums, with bitcoin traders arguing about whether it meant the owner was about to sell the digital currency.

Stunning swings in bitcoin promise start-and-stop futures sessions

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By Lily Katz
Bloomberg News
Thursday, December 7, 2017

Bitcoin futures trading looks like it's going to be choppy.

The cryptocurrency's eye-popping rally would have triggered so-called circuit breakers on seven of the past 10 days, pausing or even halting trading to ensure an orderly session, based on rules planned by exchanges.

Reuters mentions 'central bank manipulation'

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So how about reporting on it?

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Bitcoin Flirts with $16,000, Alarm Bells Ring Louder

By Jemima Kelly and Gertrude Chavez-Dreyfuss
Reuters
Thursday, December 7, 2017

Bitcoin rocketed to a lifetime high just shy of $16,000 today after climbing some 60 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.

Mike Kosares: The gift of gold is peace of mind

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2:35p ET Thursday, December 7, 2017

Dear Friend of GATA and Gold:

Noting the increasing strangeness of the markets, USAGold's Mike Kosares writes today that gold still has a place and a future.

Wall Street banks push back on launch of bitcoin futures

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By Philip Stafford
Financial Times, London
Thursday, December 7, 2017

The world's largest banks are pushing back on the introduction of bitcoin futures, raising concerns with U.S. regulators that the financial system is ill-prepared for the launch of the contracts as the value of the volatile cryptocurrency has soared.

Bill Murphy: Rocketing bitcoin highlights gold and silver suppression

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"Midas" commentary for Wednesday, December 6, 2017
By Bill Murphy
LeMetropoleCafe.com
Wednesday, December 6, 2017

The gold price was traumatized yesterday by the Gold Cartel's forceful raid, plunging right through important support at $1,270 all the way down to $1,260.

Traders on billion-dollar crypto exchange say they can't withdraw money

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By Oscar Williams-Grut
Business Insider, New York
Wednesday, December 6, 2017

LONDON -- Customers of cryptocurrency trading platform Bittrex are complaining of problems withdrawing money and say they have been left in the dark by the huge U.S. exchange.

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