Daily Dispatches

Morgan may have to start shorting sewage sludge too

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Sewage Sludge Could Contain Millions of Dollars Worth of Gold

By Warren Cornwall
Science Magazine, Washington
Friday, January 16, 2015

If the holy grail of medieval alchemists was turning lead into gold, how much more magical would it be to draw gold from, well, poop?

New York Sun: Switzerland shows the absurdity of the fiat money system

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The Doughty Swiss

From the New York Sun
Saturday, January 17, 2015

World Gold Council CEO says gold's future is physical. (So much for GLD.)

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2p ET Friday, January 16, 2015

Dear Friend of GATA and Gold:

The World Gold Council, creator of the gold exchange-traded fund GLD, yesterday announced an agreement in principle with the Shanghai Gold Exchange to develop the Shanghai Free-Trade Zone as a global gold market.

In a press release --

John Hathaway: Gold market has been rigged but trust in the riggers is declining

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9:40a ET Friday, January 16, 2015

Dear Friend of GATA and Gold:

Gold market rigging by central banks and their investment bank agents is the main topic of the year-end investor letter by John Hathaway, portfolion manager for Tocqueville Asset Management.

Koos Jansen: China continues to drain global gold inventory

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7:40a ET Friday, January 16, 2015

Dear Friend of GATA and Gold:

Michael Santoli: Central banks are increasingly desperate to control everything

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Why Should the Swiss Central Bank Action Matter to You?

By Michael Santoli
Yahoo Finance, New York
Thursday, January 16, 2015

... A less tangible but undeniable result of the Swiss move is to deepen the sense that the world's central banks are increasingly desperate to experiment in a bid to control currencies, capital flows, and economic fortunes.

How can you tell if a central banker is lying? He moves his lips

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Swiss Give Scary Lesson on Central Banks' Limits

By Swaha Pattanaik
Reuters
Thursday, January 15, 2015

Swiss National Bank's reversal heralds financial meltdown, Celente tells KWN

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8:19p ET Thursday, January 15, 2015

Dear Friend of GATA and Gold:

Ambrose Evans-Pritchard: World deflationary forces have swept away Swiss defenses

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By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, January 15, 2015

The Swiss National Bank has lost control. It is the latest in a list of venerable central banks to be overwhelmed by deflationary forces and global economic disorder.

The end of central bank power? Or the start of more 'financial repression'?

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4:57p ET Thursday, January 15, 2015

Dear Friend of GATA and Gold:

Former Wall Street trader and market commentator Bruce Krasting, in analysis publicized by Zero Hedge, argues that the Swiss National Bank's repudiation today of its pledge to peg the Swiss franc to the euro forever will mark the beginning of the end of central bank power.

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