Daily Dispatches

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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Market Analyst Fabrice Taylor Expects K92 Shares to Rise

Alasdair Macleod: Drifting into fascism

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, December 29, 2016

Most people regard governments and their central banks as forces for the good. Financial crises and suchlike are therefore blamed on capitalism, and people believe our leaders do their best to pick up the pieces from market failures, because they are elected to promote the public good.

Avery Goodman: JPM's gold buy hints at changes in world financial system

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8a ET Friday, December 30, 2016

Dear Friend of GATA and Gold:

Getting gold back into the system with a market-based interest rate on gold

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By Valentin Schmid
The Epoch Times, New York
Thursday, December 29, 2016

There are people who think the financial system based on the dollar will collapse sooner rather than later. For this event, they are hoarding gold, silver, and sometimes guns and canned food.

Gold lures investors worried about trade wars and Trump tweets

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By Eddie Van Der Walt, Luzi-Ann Javier, and Ranjeetha Pakiam
Bloomberg News
Thursday, December 29, 2016

The Donald J. Trump era is marking a new age for gold as an investor safe haven.

China expands forex basket to dilute role of dollar

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From Agence France-Presse
via The Times of India, Mumbai
Thursday, December 29, 2016

BEIJING -- China said Thursday it would almost double the number of foreign currencies it uses to determine the official value of the yuan, thereby diluting the role of the dollar.

Trump's pick for budget chief liked gold, had dim view of dollar

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It will be a rare politician who still likes gold AFTER coming to power.

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By Noah Buhayar
Bloomberg News
Thursday, December 29, 2016

President-elect Donald Trump’s pick for budget chief, Mick Mulvaney, has been an active investor in gold and gold-mining stocks, often seen as a hedge against collapsing currency.

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