Daily Dispatches

By Benn Steil
MarketWatch.com, New York
Thursday, August 11, 2016

"The dollar and gold are synonymous," Harry Dexter White, the architect of the Bretton Woods international monetary system, told Congress in 1945. "There is no likelihood that ... the United States will, at any time, be faced with the difficulty of buying and selling gold at a fixed price freely."

From the British Broadcasting Corp.
Wednesday, August 10, 2016

The return on some UK government debt turned negative after the Bank of England missed its target in a new bond buying operation.

The bank had offered to buy government bonds, or gilts, as part of its new quantitative easing programme to stimulate the economy.

11:10a ET Tuesday, August 9, 2016

Dear Friend of GATA and Gold:

The gold futures contracts being planned by the London Metals Exchange and World Gold Council appear to be based only on more "paper gold" derivatives, the TF Metals Report's Turd Ferguson writes today. His analysis is headlined "A New Wrinkle in the Paper Gold Con Game" and it's posted here:

7p ET Monday, August 8, 2016

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk tells King World News today that while the latest U.S. jobs report was taken as cause to smash gold, as most such reports are, it really changed nothing about economic conditions and that the country is headed for stagflation. An excerpt from the report it posted at KWN here: