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Daily Dispatches
Bullion banks shedding shorts ahead of price explosion, Turd Ferguson says
Submitted by cpowell on Sat, 2012-08-04 10:58 Section: Daily Dispatches10:58a ET Saturday, August 4, 2012
Dear Friend of GATA and Gold:
Gold in backwardation and about to soar, Turk tells King World News
Submitted by cpowell on Sat, 2012-08-04 10:21 Section: Daily Dispatches10:19a ET Saturday, August 4, 2012
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tells King World News that gold is in backwardation and probably about to soar amid an environment of interest rate manipulation by central banks. An excerpt from the interview is posted at the King World News blog here:
GGR finds confirmation of gold's rally in 'managed money' short covering
Submitted by cpowell on Sat, 2012-08-04 09:03 Section: Daily Dispatches9a ET Saturday, August 4, 2012
Dear Friend of GATA and Gold:
Analyzing gold futures market data, the got Gold Report's Gene Arensberg finds confirmation that short covering by "managed money" was responsible for last week's rise in the the gold price, fulfilling his prediction from the last GGR:
Treasury audits NY Fed's gold but only to evade leasing, swapping, oversubscription issues
Submitted by cpowell on Fri, 2012-08-03 10:16 Section: Daily Dispatches10:11a ET Friday, August 3, 2012
Dear Friend of GATA and Gold:
Swiss gold repatriation movement leader interviewed
Submitted by cpowell on Thu, 2012-08-02 12:33 Section: Daily Dispatches12:30p ET Thursday, August 2, 2012
Dear Friend of GATA and Gold:
Jan Skoyles: Vietnam's new war -- against gold
Submitted by cpowell on Thu, 2012-08-02 12:12 Section: Daily Dispatches12:05p ET Thursday, August 2, 2012
Dear Friend of GATA and Gold:
South Korean central bank says it bought 16 tonnes of gold in July
Submitted by cpowell on Wed, 2012-08-01 21:51 Section: Daily DispatchesReal gold or paper gold? And who has actual custody of it? Nobody's asking so the central bank isn't telling. So much for financial journalism.
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By Christine Kim
Reuters
Thursday, August 2, 2012
http://www.reuters.com/article/2012/08/02/korea-economy-reserves-idUSL4E...
Turk sees another U.S. debt downgrade and gold explosion
Submitted by cpowell on Wed, 2012-08-01 17:37 Section: Daily Dispatches5:33p ET Wednesday, August 1, 2012
Dear Friend of GATA and Gold:
Treasury prepares for negative-rate bidding in bond auctions
Submitted by cpowell on Wed, 2012-08-01 13:33 Section: Daily DispatchesThe more that real interest rates are negative, the more "financial repression" and gold price suppression are required to keep the currency alive and defend it against competitors that don't depreciate so quickly.
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U.S. Treasury Plans Floating-Rate Notes in Year or More
By Meera Louis and Cheyenne Hopkins
Bloomberg News
Wednesday, August 1, 2012
Swiss National Bank overwhelmed in desperate campaign to devalue franc
Submitted by cpowell on Tue, 2012-07-31 23:03 Section: Daily DispatchesSwitzerland Is 'New China' in Currencies
By Alice Ross
Financial Times, London
Tuesday, July 31, 2012
http://www.ft.com/intl/cms/s/0/d3176586-db29-11e1-be74-00144feab49a.html
There is a "new China" active in the currency markets, according to analysts, as Switzerland's battle to weaken the franc inflates its stockpile of foreign currency reserves.
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