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Daily Dispatches
Jim Rickards: Prepare for a Chinese maxi-devaluation
Submitted by cpowell on Wed, 2018-07-25 22:53 Section: Daily Dispatches10:55p ET Wednesday, July 25, 2018
Dear Friend of GATA and Gold:
Writing at The Daily Reckoning, fund manager and market analyst James G. Rickards says China has no "nuclear option" against the United States by dumping its Treasury bonds, since the Federal Reserve is the buyer of last resort and the U.S. government could freeze the bonds before they were sold.
Ex-Deutsche Bank traders charged in expanding spoofing probe
Submitted by cpowell on Wed, 2018-07-25 22:31 Section: Daily DispatchesBy Chris Dolmetsch
Bloomberg News
Wednesday, July 25, 2018
Two former Deutsche Bank AG employees were charged with fraudulent and manipulative trading involving precious metals futures contracts through a practice known as spoofing as a federal probe on illegal market practices continues to widen.
Maybe China will prompt U.S. to reclaim the gold weapon
Submitted by cpowell on Wed, 2018-07-25 13:34 Section: Daily Dispatches1:40p ET Wednesday, July 25, 2018
Dear Friend of GATA and Gold:
GoldCore's O'Byrne: Gold price suppression devastates South Africa
Submitted by cpowell on Wed, 2018-07-25 12:28 Section: Daily Dispatches12:29p ET Wednesday, July 25, 2018
Dear Friend of GATA and Gold:
IMF says dollar is overvalued, yuan in line with fundamentals
Submitted by cpowell on Wed, 2018-07-25 08:51 Section: Daily DispatchesFrom Reuters
Tuesday, July 24, 2018
WASHINGTON -- The International Monetary Fund said on Tuesday that the U.S. dollar is over-valued, China’s yuan is in line with fundamentals and nearly half of global current account balances are now excessive, adding to growth risks and trade tensions.
Craig Hemke at Sprott Money: Potential impacts of the yuan-gold peg
Submitted by cpowell on Tue, 2018-07-24 21:12 Section: Daily Dispatches9:14p ET Tuesday, July 24, 2018
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, says the recent tight correlation between Chinese yuan and gold prices indicates massive intervention in the gold market by China to keep commodity prices down as China devalues the yuan in its trade war with the United States.
Stefan Gleason: The swamp vs. alternative currencies
Submitted by cpowell on Mon, 2018-07-23 23:19 Section: Daily DispatchesBy Stefan Gleason
Money Metals News Service
Monday, July 23, 2018
In Federal Reserve chair Jerome Powell's testimony before Congress last week, he reiterated his intent to continue the central bank's gradual rate-hiking campaign.
Among those who are "not thrilled" about the prospect of higher interest rates: the president of the United States. ...
AngloGold prepares to give up on South Africa
Submitted by cpowell on Mon, 2018-07-23 20:34 Section: Daily DispatchesAnd why not? The country has already given up on itself.
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AngloGold Says There's No Escaping Demise of South African Gold
By Felix Njini, Antony Sguazzin, Sam Mkokeli, and Paul Burkhardt
Bloomberg News
Monday, July 23, 2018
J.P. Konig: Turkey's attempt to mop up mattress gold
Submitted by cpowell on Mon, 2018-07-23 20:17 Section: Daily Dispatches8:18p ET Monday, July 23, 2018
Dear Friend of GATA and Gold:
Cook Islands gold note shows technology remonetizing gold
Submitted by cpowell on Mon, 2018-07-23 15:34 Section: Daily Dispatches3:35p ET Monday, July 23, 2018
Dear Friend of GATA and Gold:
Gold is back in circulation in small denominations as official government currency issued by the small South Pacific country of the Cook Islands, whose gold-containing bills are manufactured by the Valaurum company in Portland, Oregon.
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