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Daily Dispatches
Today's currency intervention: Switzerland tries to kick traders out of its franc
Submitted by cpowell on Wed, 2011-08-03 11:13 Section: Daily DispatchesSwiss Franc Plunges From Record Versus Euro on Interest-Rate Cut
By Allison Bennett and Anchalee Worrachate
Bloomberg News
Wednesday, August 3, 2011
http://www.bloomberg.com/news/2011-08-03/swiss-franc-plunges-on-snb-s-wa...
Will China let HSBC paperize its gold market?
Submitted by cpowell on Wed, 2011-08-03 10:59 Section: Daily DispatchesHSBC's China Gold Futures Foray Harbinger of Change
By Fayen Wong
Reuters
Wednesday, August 3, 2011
http://www.reuters.com/article/2011/08/03/businesspro-us-china-gold-mark...
Ambrose Evans-Pritchard: Europe's money markets freeze as crisis builds in Italy, Spain
Submitted by cpowell on Tue, 2011-08-02 19:27 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, August 2, 2011
http://www.telegraph.co.uk/finance/financialcrisis/8677989/Europes-money...
The three-month euribor/OIS spread, the fear gauge of credit markets, reached the highest level in two years today, jumping 7 basis points to 40 in wild trading.
Gold train leaving largely empty, and silver short squeeze is possible, Davies says
Submitted by cpowell on Tue, 2011-08-02 18:08 Section: Daily Dispatches11:05p BST Tuesday, August 2, 2011
Dear Friend of GATA and Gold (and Silver):
Fed may weigh more stimulus amid slow recovery
Submitted by cpowell on Tue, 2011-08-02 17:44 Section: Daily DispatchesBy Craig Torres, Josh Zumbrun, and Jeannine Aversa
Bloomberg News
Tuesday, August 2, 2011
http://www.bloomberg.com/news/2011-08-02/fed-policy-makers-may-consider-...
Paul proposes bill to cancel $1.6 trillion in U.S. debt to Federal Reserve
Submitted by cpowell on Tue, 2011-08-02 17:36 Section: Daily DispatchesBy Pete Kasperowicz
The Hill, Washington, D.C.
Tuesday, August 2, 2011
http://thehill.com/blogs/floor-action/house/174953-rep-paul-introduces-b...
U.S. Rep. Ron Paul on Monday introduced legislation that would lower the federal government's debt by canceling the roughly $1.6 trillion in debt held by the Federal Reserve.
Metals do well despite debt deal, Turk tells King World News
Submitted by cpowell on Tue, 2011-08-02 06:01 Section: Daily Dispatches11a BST Tuesday, August 2, 2011
Dear Friend of GATA and Gold:
Gregg Easterbrook: The phony-as-a-three-dollar-bill debt deal
Submitted by cpowell on Tue, 2011-08-02 05:37 Section: Daily DispatchesBy Gregg Easterbrook
for Reuters
Monday, August 1, 2011
http://blogs.reuters.com/gregg-easterbrook/2011/08/01/the-phony-as-a-3-b...
Maybe Washington can start paying invoices with $3 bills -- because the "dramatic" agreement to "reduce the national debt" is as phony as a three-dollar bill.
Putin calls U.S. 'a parasite' on world, denounces dollar dominance
Submitted by cpowell on Tue, 2011-08-02 05:23 Section: Daily DispatchesBy Maria Tsvetkova
Reuters
Monday, August 1, 2011
http://www.reuters.com/article/2011/08/01/us-russia-putin-usa-idUSTRE770...
LAKE SELIGER, Russia -- Russian Prime Minister Vladimir Putin accused the United States Monday of living beyond its means "like a parasite" on the global economy and said dollar dominance is a threat to the financial markets.
South Korea buys gold for first time in 13 years
Submitted by cpowell on Tue, 2011-08-02 05:06 Section: Daily DispatchesBy In-Soo Nam
The Wall Street Journal
Tuesday, August 2, 2011
http://online.wsj.com/article/SB1000142405311190352020457648322395248874...
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