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Daily Dispatches
U.S. dollar's share of global currency reserves slips in third quarter
Submitted by cpowell on Sat, 2016-12-31 08:56 Section: Daily DispatchesBy Jason Lange
Reuters
Friday, December 30, 2016
The U.S. dollar's share of currency reserves reported to the International Monetary Fund slipped in the third quarter of 2016 to its lowest level in two years, data from the IMF showed today.
Currency revocation seems unlikely to generate windfall for Indian government
Submitted by cpowell on Fri, 2016-12-30 22:45 Section: Daily DispatchesIndians Rush to Exchange Cash Ahead of Deadline
Demonetisation Has Seen More Money Returned to the System than Originally Expected
By Kiran Stacey
Financial Times, London
Friday, December 30, 2016
https://www.ft.com/content/699c0d30-ce56-11e6-864f-20dcb35cede2
A tally of Iran sanctions relief includes more than $10 billion in cash, gold
Submitted by cpowell on Fri, 2016-12-30 20:40 Section: Daily DispatchesBy Carole E. Lee and Jay Solomon
The Wall Street Journal
Friday, December 30, 2016
WASHINGTON -- In the three years since a preliminary nuclear deal was struck with Iran, Tehran has received more than $10 billion in sanctions relief from around the world in the form of cash and gold, according to current and former U.S. officials.
GATA plans important disclosure Saturday
Submitted by cpowell on Fri, 2016-12-30 10:15 Section: Daily Dispatches10:16a ET Friday, December 30, 2016
Dear Friend of GATA and Gold:
On Saturday GATA expects to make an important disclosure about central bank gold reserves and the gold market.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Market Analyst Fabrice Taylor Expects K92 Shares to Rise
Alasdair Macleod: Drifting into fascism
Submitted by cpowell on Fri, 2016-12-30 08:10 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, December 29, 2016
Most people regard governments and their central banks as forces for the good. Financial crises and suchlike are therefore blamed on capitalism, and people believe our leaders do their best to pick up the pieces from market failures, because they are elected to promote the public good.
Avery Goodman: JPM's gold buy hints at changes in world financial system
Submitted by cpowell on Fri, 2016-12-30 07:59 Section: Daily Dispatches8a ET Friday, December 30, 2016
Dear Friend of GATA and Gold:
Getting gold back into the system with a market-based interest rate on gold
Submitted by cpowell on Thu, 2016-12-29 21:13 Section: Daily DispatchesBy Valentin Schmid
The Epoch Times, New York
Thursday, December 29, 2016
There are people who think the financial system based on the dollar will collapse sooner rather than later. For this event, they are hoarding gold, silver, and sometimes guns and canned food.
Gold lures investors worried about trade wars and Trump tweets
Submitted by cpowell on Thu, 2016-12-29 21:06 Section: Daily DispatchesBy Eddie Van Der Walt, Luzi-Ann Javier, and Ranjeetha Pakiam
Bloomberg News
Thursday, December 29, 2016
The Donald J. Trump era is marking a new age for gold as an investor safe haven.
China expands forex basket to dilute role of dollar
Submitted by cpowell on Thu, 2016-12-29 20:59 Section: Daily DispatchesFrom Agence France-Presse
via The Times of India, Mumbai
Thursday, December 29, 2016
BEIJING -- China said Thursday it would almost double the number of foreign currencies it uses to determine the official value of the yuan, thereby diluting the role of the dollar.
Trump's pick for budget chief liked gold, had dim view of dollar
Submitted by cpowell on Thu, 2016-12-29 09:46 Section: Daily DispatchesIt will be a rare politician who still likes gold AFTER coming to power.
* * *
By Noah Buhayar
Bloomberg News
Thursday, December 29, 2016
President-elect Donald Trump’s pick for budget chief, Mick Mulvaney, has been an active investor in gold and gold-mining stocks, often seen as a hedge against collapsing currency.
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