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Daily Dispatches
China Inc.'s large dollar debts fuel Beijing's efforts to curb yuan plunge
Submitted by cpowell on Tue, 2017-01-03 18:11 Section: Daily DispatchesBy Lingling Wei
The Wall Street Journal
Tuesday, January 3, 2017
BEIJING -- The large pile of foreign debt owed by Chinese companies, from state-owned banks to airlines, is giving added impetus to Beijing's efforts to keep the yuan from falling too steeply against the rallying dollar.
Mike Kosares: The gold owner's guide to 2017
Submitted by cpowell on Tue, 2017-01-03 14:47 Section: Daily Dispatches2:45p ET Tuesday, January 3, 2017
Dear Friend of GATA and Gold:
In his "Gold Owner's Guide to 2017," Mike Kosares of USAGold in Colorado writes that gold remains in a long-term uptrend and the U.S. dollar in a long-term downtrend despite the movements of the last several years. Silver, Kosares adds, has been doing especially well. His analysis is posted at USAGold here:
GATA's Ed Steer to speak at Vancouver Resource Investment Conference
Submitted by cpowell on Tue, 2017-01-03 14:07 Section: Daily Dispatches2:07p ET Tuesday, January 3, 2017
Dear Friend of GATA and Gold:
GATA Board of Directors member Ed Steer, publisher of the daily Ed Steer's Gold and Silver Digest letter --
Note ban seen shaving a third of India's gold demand in 2017
Submitted by cpowell on Sun, 2017-01-01 18:48 Section: Daily DispatchesBy Rejesh Bhayani
Business Standard, New Delhi
Saturday, December 31, 2016
Demonetization is expected to shave 300 tonnes off India's gold demand, which is unlikely to come back in a hurry.
India discounts widen, China premiums narrow on sluggish demand
Submitted by cpowell on Sat, 2016-12-31 09:55 Section: Daily DispatchesBy Rajendra Jadhav and Apeksha Nair
Reuters
Friday, December 30, 2016
Gold discounts in India widened this week as a rebound in global prices prompted buyers to postpone purchases amid a severe cash crunch, while demand across Asia remained subdued.
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.
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