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Daily Dispatches
World currency war has begun, Brazil's finance minister says
Submitted by cpowell on Mon, 2010-09-27 20:34 Section: Daily DispatchesBrazil in 'Currency War' Alert
By Jonathan Wheatley and Peter Garnham
Financial Times, London
Monday, September 27, 2010
An "international currency war" has broken out, according to Guido Mantega, Brazil's finance minister, as governments around the globe compete to lower their exchange rates to boost competitiveness.
2010 gold buffalo bullion coins sold out
Submitted by cpowell on Mon, 2010-09-27 17:56 Section: Daily Dispatches5:55p ET Monday, September 27, 2010
Dear Friend of GATA and Gold:
Ambrose Evans-Pritchard: Fed is out of control, arranging debt default by stealth
Submitted by cpowell on Mon, 2010-09-27 17:51 Section: Daily DispatchesShut Down the Fed, Part II
By Ambrose Evans-Pritchard
The Telegraph, London
Monday, September 27, 2010
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100007777/sh...
Fed desire for inflation spurs gold, Hathaway tells King World News
Submitted by cpowell on Mon, 2010-09-27 17:34 Section: Daily Dispatches5:33p ET Monday, September 27, 2010
Dear Friend of GATA and Gold:
Eric King of King World News has interviewed Tocqueville Gold Fund manager John Hathaway, whose fund has dramatically outperformed all the gold fund averages, like the HUI --
http://finance.yahoo.com/q/bc?t=1y&s=TGLDX&l=on&z=l&q=l&c=%5Ehui
CNBC Europe explains the Plunge Protection Team in action
Submitted by cpowell on Mon, 2010-09-27 12:26 Section: Daily Dispatches12:23p ET Monday, September 27, 2010
Dear Friend of GATA and Gold:
Zero Hedge today calls attention to a wonderful interview on CNBC Europe that discussed the Federal Reserve's goosing the equities markets and preventing their collapse through bond purchases, the Plunge Protection Team in action. You can find it at Zero Hedge here:
Germany won't sell gold for another year
Submitted by cpowell on Mon, 2010-09-27 11:46 Section: Daily DispatchesBy Jana Randow
Bloomberg News
Monday, September 27, 2010
http://www.bloomberg.com/news/2010-09-27/bundesbank-plans-to-sell-6-5-to...
FRANKFURT, Germany -- The Bundesbank plans to sell no more than 6.5 metric tons of gold in the second year of an agreement between central banks to limit bullion sales.
South Korea reportedly intervenes to slow currency's rise
Submitted by cpowell on Mon, 2010-09-27 08:31 Section: Daily DispatchesBy Lisa Twaronite
MarketWatch.com
Monday, September 27, 2010
http://www.marketwatch.com/story/bank-of-korea-reportedly-intervenes-to-...
TOKYO -- South Korean authorities bought dollars Monday to curb the won's rise to a four-month highs, according to reports citing foreign-exchange traders.
Argentina edges ahead in devaluation race; capital controls next
Submitted by cpowell on Mon, 2010-09-27 01:51 Section: Daily DispatchesFernandez Buys Dollars in 'Draconian' Bid to Weaken Argentine Peso
By Drew Benson and Ben Bain
Bloomberg News
Sunday, September 26, 2010
http://www.bloomberg.com/news/2010-09-27/fernandez-buys-dollars-in-draco...
Gary North: Gold audit is a red-alert threat to the regime
Submitted by cpowell on Sun, 2010-09-26 23:53 Section: Daily Dispatches11:48p ET Sunday, September 26, 2010
Dear Friend of GATA and Gold:
Market analyst Gary North observes this week that the most vulnerable part of the world financial order is secrecy around national gold reserves and that the most dangerous politician in the United States is Rep. Ron Paul, R-Texas, who is proposing legislation to audit the U.S. gold reserves.
North writes:
Europe's central banks halt gold sales
Submitted by cpowell on Sun, 2010-09-26 23:05 Section: Daily DispatchesBy Jack Farchy
Financial Times, London
Sunday, September 26, 2010
http://www.ft.com/cms/s/0/b9859c7e-c99b-11df-b3d6-00144feab49a.html
Europe's central banks have all but halted sales of their gold reserves, ending a run of large disposals each year for more than a decade.
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