Daily Dispatches

John Hathaway: Paper gold -- Utopia for alchemists

Submitted by cpowell on Tue, 2016-01-12 10:03 Section: Daily Dispatches

10:02a ET Tuesday, January 12, 2016

Dear Friend of GATA and Gold:

In his new investor letter for the Tocqueville funds, gold fund manager John Hathaway provides a timely overview of the gold "market" and the gold-mining industry, which is quickly contracting under an avalanche of paper gold and the burden of its own debts.

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Rand Paul, NY Sun denounce Fed's plutocratic objectives

Submitted by cpowell on Mon, 2016-01-11 21:03 Section: Daily Dispatches

9p ET Monday, January 11, 2015

Dear Friend of GATA and Gold:

Incisive criticism of the plutocratic objectives and effects of the Federal Reserve comes tonight from U.S. Sen. Rand Paul and the New York Sun.

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RBS cries 'sell everything' as deflationary crisis nears

Submitted by cpowell on Mon, 2016-01-11 20:08 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Monday, January 11, 2016

RBS has advised clients to brace for a "cataclysmic year" and a global deflationary crisis, warning that major stock markets could fall by a fifth and oil may plummet to $16 a barrel.

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Eric King: Gold/oil ratio hits extreme in gold's favor

Submitted by cpowell on Mon, 2016-01-11 19:43 Section: Daily Dispatches

7:40p ET Monday, January 11, 2016

Dear Friend of GATA and Gold:

Eric King of King World News reports tonight that the gold/oil ratio has just reached an extreme in gold's favor, signifying that gold has held up well amid the collapse in other commodities:

http://kingworldnews.com/the-gold-market-has-just-experienced-a-stunning...

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Investors fleeing China's stock-market turmoil seek safety in gold

Submitted by cpowell on Mon, 2016-01-11 16:59 Section: Daily Dispatches

By Biman Mukherji
The Wall Street Journal
Monday, January 11, 2016

HONG KONG -- China's stock-market volatility is driving up the price of gold as investors seeking safety pile into the yellow metal, reversing expectations that the price would slump this year in the wake of a strengthening dollar.

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Scrap Bank of England's powers after century of boom and bust, think-tank says

Submitted by cpowell on Mon, 2016-01-11 08:23 Section: Daily Dispatches

By Peter Spence
The Telegraph, London
Monday, January 11, 2016

The Bank of England should abolish the Monetary Policy Committee and dump its inflation target because the regime has been responsible for creating a century of boom and bust, a think-tank has claimed.

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Saudis told to prop up currency amid global devaluation war fears

Submitted by cpowell on Sun, 2016-01-10 11:45 Section: Daily Dispatches

By Mehreen Khan
The Telegraph, London
Sunday, January 10, 2016

Saudi Arabia should use its massive foreign exchange reserves to defend the riyal amid fears the world is descending into a new phase of global currency wars, the World Bank has said.