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Daily Dispatches
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.
Ambrose Evans-Pritchard: Dollar tumbles as Fed rescues China in the nick of time
Submitted by cpowell on Thu, 2016-02-04 20:33 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, February 4, 2016
The US dollar has suffered one of the sharpest drops in 20 years as the Federal Reserve signals a retreat from monetary tightening, igniting a powerful rally for commodities and easing a ferocious squeeze on dollar debtors in China and emerging markets.
London gold market wrestles over future: 'People want the physical, not paper'
Submitted by cpowell on Thu, 2016-02-04 08:35 Section: Daily DispatchesBy Henry Sanderson
Financial Times, London
Thursday, February 4, 2016
http://www.ft.com/intl/cms/s/0/a4390aba-c9d4-11e5-a8ef-ea66e967dd44.html
There aren't many places in the UK where you can walk in off the street and buy gold as a retail customer. A new store in London's St James's Street a stone's throw from the Ritz wants shoppers.
USA Watchdog's Greg Hunter interviews Hugo Salinas Price on gold revaluation
Submitted by cpowell on Wed, 2016-02-03 20:55 Section: Daily Dispatches8:54p ET Wednesday, February 3, 2016
Dear Friend of GATA and Gold:
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