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Daily Dispatches
David Brady: Gold, the yuan, devaluation, and crash
Submitted by cpowell on Fri, 2018-07-27 15:09 Section: Daily Dispatches3:10p ET Friday, July 27, 2018
Dear Friend of GATA and Gold:
Now that China is rigging the gold market, tying the gold price and the value of the International Monetary Fund's Special Drawing Rights to the value of the Chinese yuan, money manager David Brady speculates today on gold's course under a sharp, single devaluation of the yuan and under the yuan's continued gradual devaluation.
Victor Sperandeo: The rules of the bond game
Submitted by cpowell on Thu, 2018-07-26 11:27 Section: Daily Dispatches11:20a ET Thursday, July 26, 2018
Dear Friend of GATA and Gold:
Writing at The Epoch Times, money manager and market analyst Victor Sperandeo argues that foreign selling of U.S. Treasury debt will never matter as long as U.S. commercial banks are able to purchase such debt by creating money from nothing and are paid interest to hold the debt.
Alasdair Macleod: Valuing gold in a world awash with dollars
Submitted by cpowell on Thu, 2018-07-26 11:04 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, July 26, 2018
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. ...
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