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Daily Dispatches
'Never has a big down day looked better,' but the mainstream media won't tell you
Submitted by cpowell on Fri, 2019-07-05 23:27 Section: Daily Dispatches10:23a ET Saturday, July 6, 2019
Dear Friend of GATA and Gold:
Alasdair Macleod: Broken markets and fragile currencies
Submitted by cpowell on Fri, 2019-07-05 11:53 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Friday, July 5, 2019
There are growing signs that the global economic slowdown is for real.
The myth of the tight U.S. labor market
Submitted by cpowell on Fri, 2019-07-05 11:27 Section: Daily DispatchesBy Lakshman Achuthan and Anirvan Banerji
Bloomberg News
Friday, July 5, 2019
EU officials considering Bank of England's Carney for top IMF job
Submitted by cpowell on Fri, 2019-07-05 11:06 Section: Daily DispatchesBy Simon Kennedy
Bloomberg News
Friday, July 5, 2019
European governments are actively discussing nominating Bank of England Governor Mark Carney as the next head of the International Monetary Fund, according to a person familiar with the matter.
Surprise increase in Indian gold import duty; industry fears surge in smuggling
Submitted by cpowell on Fri, 2019-07-05 10:48 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
Friday, July 5, 2019
MUMBAI, India -- India today raised the import duties on gold and other precious metals in a surprise move that industry officials say could dampen retail demand and boost smuggling in the world's second-biggest bullion consumer.
Lower demand from India could weigh on global prices that are trading near their highest level in six years.
J.P. Koning: How much U.S. currency is held overseas?
Submitted by cpowell on Wed, 2019-07-03 21:42 Section: Daily Dispatches9:42p ET Wednesday, July 3, 2019
Dear Friend of GATA and Gold:
Trying to calculate how many U.S. dollars are circulating outside the United States, Bullion Star monetary historian J.P. Koning deduces that the country's greatest export is simply Federal Reserve notes, and the trade is highly profitable to Americans.
Trump tweet puts him at odds with his Fed nominee, Judy Shelton
Submitted by cpowell on Wed, 2019-07-03 17:46 Section: Daily DispatchesBy Victoria Guida
Politico, Washington, D.C.
Wednesday, July 3, 2019
President Donald Trump's call today for the United States to manipulate its currency to boost exports is in direct conflict with the long-held view of at least one key scholar: his newest pick for the Federal Reserve board, Judy Shelton.
Treasury should tell President Trump that U.S. already manipulates the currency markets
Submitted by cpowell on Wed, 2019-07-03 17:42 Section: Daily DispatchesDollar Dips After Trump Says U.S. Should Play 'Currency Manipulation Game' Like Europe, China
By Thomas Franck
CNBC, New York
Wednesday, July 3, 2019
The greenback fell today after President Donald Trump said in a tweet that the U.S. should match China and Europe’s "currency manipulation game."
Hugo Salinas Price: How to truly MAGA
Submitted by cpowell on Wed, 2019-07-03 17:17 Section: Daily Dispatches5:17p ET Wednesday, July 3,2019
Dear Friend of GATA and Gold:
In seeking devaluation of the dollar, Hugo Salinas Price of the Mexican Civic Association for Silver writes today, President Trump seems not to notice what a huge advantage accrues to the United States by virtue of the dollar's use as the world reserve currency.
Russia encouraging gold exports -- to ease the squeeze?
Submitted by cpowell on Wed, 2019-07-03 13:31 Section: Daily DispatchesRussian Central Bank Lowered Its Gold Purchase Price to Encourage Exports, Governor Says
By Andrey Ostroukh and Elena Fabrichnaya
Reuters
Wednesday, July 3, 2019
MOSCOW -- Russia's central bank has been buying gold on the domestic market at less than the industry benchmark to encourage Russian producers to export more of the metal, the governor told Reuters.
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