Daily Dispatches

Patrick Heller: Eagles aren't the best way to own silver

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10:55a ET Wednesday, December 24, 2014

Dear Friend of GATA and Gold:

U.S. eagles and Canadian maples are not the best way to own silver because there's too much premium in the price, Patrick A. Heller of Liberty Coin Service in Lansing, Michigan, writes this week at Numismatic News.

New York Sun: Kaboom?

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From the New York Sun
Tuesday, December 23, 2014

"Kaboom! Dow 18K" is the headline atop the Drudge Report. It links to a story on the Bloomberg wire reporting that the Dow Jones Industrial Average "rallied past 18,000 for the first time, after data showed the world's largest economy grew at the fastest pace since 2003 last quarter."

Informal capital controls arrest Russian ruble's slide

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By Darya Korsunskaya, Elena Fabrichnaya, and Lidia Kelly
Reuters
Tuesday, December 23, 2014

MOSCOW -- The Russian rouble hit its highest levels in two weeks on Tuesday, shored up by informal capital control measures designed to head off a repeat of the galloping inflation and mass protests that marked Russia's 1998 financial crisis.

Could Russia back its currency with gold?

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By Matt Clinch
CNBC.com, New York
Tuesday, December 23, 2014

Russia's government could still be pushed into using its gold reserves to bolster the falling ruble, currency experts have forecast.

Russia raises gold reserves for eighth month, Ukraine cuts again

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By A. Ananthalakshmi
Reuters
Monday, December 22, 2014

Russia raised its gold reserves for the eighth month in a row in November, while Ukraine reduced its bullion holdings for a second straight month, according to International Monetary Fund data released on Tuesday.

Sprott Gold Miners ETF hits $100 million in assets

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By Tom Lydon
ETFTrends.com, Irvine, California
Monday, December 22, 2014

One of the newest entrants to the gold miners exchange traded funds arena is proving to be successful. The Sprott Gold Miners ETF (SGDM) has eclipsed $100 million in assets under management, according to a statement issued today.

Ambrose Evans-Pritchard: China quietly joins Asia's currency wars to avert deflation

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By Ambrose Evans-Pritchard
The Telegraph, London
Monday, December 22, 2104

China has for the first time warned openly about the excessive strength of the Chinese yuan, a sign that the country may be shifting its exchange rate policy as deflation takes hold and currencies slide across Asia.

Yuan-ruble swap shows China challenging IMF as emergency lender

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By Ye Xie
Bloomberg News
Monday, December 22, 2014

China is stepping up its role as the lender of last resort to some of the world's most financially strapped countries.

$300,000 in gold missing from Ukraine Central Bank, swapped for lead bricks

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From Russia Today, Moscow
Monday, December 22, 2014

Cunning fraudsters have conned the Ukraine Central Bank branch in Odessa into buying $300,000 worth of gold that turned out to be lead daubed with gold paint.

"A criminal case has been opened and we are now carrying out an investigation to identify those involved in the crime," a spokesman for the Odessa police force is quoted by Vesti.

No price discovery, just misinformation, Embry tells KWN

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12:34p ET Monday, December 22, 2014

Dear Friend of GATA and Gold:

There's no price discovery in markets anymore because they're so manipulated, Sprott Asset Management's John Embry tells King World News today, adding that the mainstream news media are full of financial misinformation:

http://kingworldnews.com/propaganda-alive-well-situation-west-continues-...

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