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Daily Dispatches
David Marsh and Mark Sobel: Foolhardy to cry manipulation about yuan
Submitted by cpowell on Sat, 2019-08-10 11:41 Section: Daily Dispatches11:44a ET Saturday, August 10, 2019
Dear Friend of GATA and Gold:
In an interview posted this week, two officials of the Official Monetary and Financial Institutions Forum, a London-based organization cozy with central banks, note the irony of the United States' designation of China as a currency manipulator.
Help GATA by subscribing to The Calandra Report
Submitted by cpowell on Sat, 2019-08-10 11:14 Section: Daily Dispatches11:15a ET Saturday, August 10, 2019
Dear Friend of GATA and Gold:
Now that the monetary metals seem to be breaking out of their central bank chains, companies that produce gold, silver, and other strategic resources are starting to draw investment again.
This year more than ever, gold and silver investors should be in New Orleans
Submitted by cpowell on Sat, 2019-08-10 11:11 Section: Daily Dispatches11:09a ET Saturday, August 10, 2019
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and your secretary/treasurer again will be speaking at the New Orleans Investment Conference this year, and in the letter below the conference's organizer, Gold Newsletter Editor Brien Lundin, explains why you should join us there.
Bloomberg News column perpetrates more disinformation about gold
Submitted by cpowell on Sat, 2019-08-10 11:05 Section: Daily Dispatches11:06a ET Saturday, August 10, 2019
Dear Friend of GATA and Gold:
Mainstream financial news organizations continue pereptrating disinformation about gold, as Bloomberg News did yesterday with a commentary by its columnist Lionel Laurent headlined "Bitcoin and Gold Are Monuments to Irrationality."
David Stockman: We're all currency manipulators now
Submitted by cpowell on Fri, 2019-08-09 12:22 Section: Daily DispatchesBy David Stockman
Friday, August 9, 2019
Call it the monetary theater of the absurd. After all, here is what a determined currency manipulator did between September 2002 and July 2008.
Trump says he won't devalue dollar amid trade war with China
Submitted by cpowell on Fri, 2019-08-09 12:15 Section: Daily DispatchesBy Josh Wingrove
Bloomberg News
Friday, August 9, 2019
President Donald Trump said he won't devalue the dollar amid an escalating trade war with China that has unleashed tit-for-tat actions on trade and currency policy.
William Watts: Why a 1985 deal to weaken the dollar offers a map to ending the trade war
Submitted by cpowell on Thu, 2019-08-08 23:27 Section: Daily DispatchesBy William Watts
MarketWatch.com, New York
Thursday, August 8, 2019
The fear that a deepening trade war could wreck the global economy has analysts and economists once again pining for the mid-1980s, when the U.S. and the world's other major economic powers struck a deal, known as the Plaza Accord, to weaken the dollar.
Paul Craig Roberts: Is the Federal Reserve losing control of the gold price?
Submitted by cpowell on Thu, 2019-08-08 23:14 Section: Daily DispatchesBy Paul Craig Roberts
Institute for Political Economy, Inlet Beach, Florida
Thursday, August 8, 2019
https://www.paulcraigroberts.org/2019/08/07/is-the-federal-reserve-losin...
No hope for metals, or a 'controlled retreat' by central banks?
Submitted by cpowell on Thu, 2019-08-08 18:46 Section: Daily Dispatches6:38p ET Thursday, August 8, 2019
Dear Friend of GATA and Gold:
In a letter he titles "Too Early to Throw in the Towel on Central Bank Gold-Market Rigging," our friend J.U. writes
Alasdair Macleod: Deeply negative nominal rates are on their way
Submitted by cpowell on Thu, 2019-08-08 14:10 Section: Daily Dispatches2:05p ET Thursday, August 8, 2019
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod expects central banks to push interest rates to deeply negative levels, prompting more asset bubbles, what von Mises called a "crack-up boom," impoverishment of retirees and those without assets, and a flight from the increasingly crazy financial system.