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Daily Dispatches
GATA secretary will speak at Hong Kong and Singapore conferences in April
Submitted by cpowell on Sun, 2016-02-07 10:52 Section: Daily Dispatches10:51a ET Sunday, February 7, 2016
Dear Friend of GATA and Gold:
Your secretary/treasurer will speak in April at the Mines and Money conference in Hong Kong and the Mining Investment Asia conference in Singapore.
Miles Franklin's Schectman, Hoffman plan presentations in Minneapolis, Phoenix
Submitted by cpowell on Sun, 2016-02-07 10:24 Section: Daily Dispatches10:23a ET Sunday, February 7, 2016
Dear Friend of GATA and Gold:
GATA's friends Andy Schectman, president and co-founder of Minnesota bullion dealership Miles Franklin Precious Metals, and the firm's marketing director, Andy Hoffman, will continue their series of monetary metals presentations in Minneapolis on Friday, February 26, and in Phoenix on Wednesday, March 16.
MarketWatch profile of Nanex's Hunsader omits his most important work
Submitted by cpowell on Sat, 2016-02-06 11:34 Section: Daily Dispatches11:34a ET Saturday, February 6, 2016
Dear Friend of GATA and Gold:
Iran wants euro payment for new and outstanding oil sales, source tells Reuters
Submitted by cpowell on Sat, 2016-02-06 11:06 Section: Daily DispatchesBy Nidhi Verman
Reuters
Friday, February 5, 2016
NEW DELHI, India -- Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros too, looking to reduce its dependence on the U.S. dollar following last month's sanctions relief.
Financial journalists start to notice the worldwide debt bubble
Submitted by cpowell on Fri, 2016-02-05 22:58 Section: Daily DispatchesOil Market Spiral Threatens to Prick Global Debt Bubble, Warns BIS
By Ambrose Evans-Pritchard
The Telegraph, London
Friday, February 5, 2016
The global oil industry is caught in a self-feeding downward spiral as falling prices cause producers to boost output even further in a scramble to service $3 trillion of dollar debt, the world's top watchdog has warned.
TF Metals Report: Gold magically flows back into GLD
Submitted by cpowell on Fri, 2016-02-05 12:09 Section: Daily Dispatches12:08p ET Friday, February 5, 2016
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson reports today that the exchange-traded fund GLD has been steadily adding gold to its claimed holdings since December, corresponding closely with the increase in the gold price since then. His commentary is headlined "Gold Magically Flows Back Into the GLD" and it's posted here:
Venezuela's central bank in talks with Deutsche Bank on gold swap
Submitted by cpowell on Fri, 2016-02-05 09:57 Section: Daily DispatchesBy Corina Pons
Reuters
Friday, February 5, 2016
CARACAS, Venezuela -- Venezuela's central bank has begun negotiations with Deutsche Bank AG to carry out gold swaps to improve the liquidity of its foreign reserves as it faces heavy debt payments this year, according to two sources familiar with the talks.
Koos Jansen: Shanghai Gold Exchange appears to report monthly withdrawals
Submitted by cpowell on Fri, 2016-02-05 08:11 Section: Daily Dispatches8:10a ET Friday, February 5, 2016
Dear Friend of GATA and Gold:
Alasdair Macleod: Shorting the yuan is dangerous
Submitted by cpowell on Fri, 2016-02-05 00:16 Section: Daily Dispatches12:16a ET Friday, February 5, 2016
Dear Friend of GATA and Gold:
China doesn't need to devalue its currency, the yuan, GoldMoney research director Alasdair Macleod writes this week. Rather, Macleod writes, China's objective is to weaken the yuan's primary competitor, the U.S. dollar.
Inflation-wracked Venezuela orders bank notes by the planeload
Submitted by cpowell on Fri, 2016-02-05 00:05 Section: Daily DispatchesBy Kejal Vyas
Dow Jones News Service
via Morningstar, Chicago, Illinois
Wednesday, February 3, 2016
CARACAS, Venezuela -- Millions of pounds of provisions, stuffed into three-dozen 747 cargo planes, arrived here from countries around the world in recent months to service Venezuela's crippled economy.
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