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Daily Dispatches
China faces currency issues beyond US dollar
Submitted by cpowell on Fri, 2016-01-08 15:56 Section: Daily DispatchesBy Roger Blitz
Financial Times, London
Friday, January 8, 2016
The renminbi's steep fall against the dollar, which has caused investors so much mayhem, has obscured its relative strength against the currencies of some of China's trading partners.
China's ICBC Standard Bank buys Deutsche's London bullion vault: Reuters
Submitted by cpowell on Fri, 2016-01-08 13:25 Section: Daily DispatchesBy Clara Denina
Reuters
Friday, January 8, 2016
LONDON -- ICBC Standard Bank is buying the lease on Deutsche Bank's London gold and silver vault, enlarging its footprint in the city's bullion market, four industry sources close to the companies said on Friday.
Bernanke avoids exchange about the dollar's decisive advantage
Submitted by cpowell on Fri, 2016-01-08 12:36 Section: Daily Dispatches12:41p ET Friday, January 8, 2016
Dear Friend of GATA and Gold:
Alasdair Macleod: Gold in 2016
Submitted by cpowell on Thu, 2016-01-07 14:04 Section: Daily Dispatches2p ET Thursday, January 7, 2016
Dear Friend of GATA and Gold:
Comex gold inventories don't matter as much as central bank inventories do
Submitted by cpowell on Wed, 2016-01-06 10:37 Section: Daily Dispatches10:42a ET Wednesday, January 6, 2016
Dear Friend of GATA and Gold:
Turk's charts show gold and silver competing well against national currencies
Submitted by cpowell on Tue, 2016-01-05 12:22 Section: Daily Dispatches12:20p ET Tuesday, January 5, 2016
Dear Friend of GATA and Gold:
GoldMoney founder James Turk today gives King World News charts of the performance of gold and silver from 2001 through 2015 in a dozen national currencies, concluding that the monetary metals have actually done pretty well. Turk's analysis is posted at KWN here:
Foreign banks in China could face curbs if they snub gold benchmark
Submitted by cpowell on Tue, 2016-01-05 11:44 Section: Daily DispatchesBy A. Ananthalakshmi
Reuters
Tuesday, January 5, 2015
China has warned foreign banks it could curb their operations in the world's biggest bullion market if they refuse to participate in the planned launch of a yuan-denominated benchmark price for the metal, sources said.
China's rigged markets could fall much further, much faster
Submitted by cpowell on Tue, 2016-01-05 08:10 Section: Daily DispatchesGood thing the West's markets aren't rigged -- or that they seldom suffer critical journalism like this.
* * *
China's Rigged Markets Could Fall Much Further, Much Faster
By Craig Stephen
MarketWatch.com, New York
Monday, January 4, 2015
Venezuelan president seizes control of central bank
Submitted by cpowell on Tue, 2016-01-05 08:00 Section: Daily DispatchesVenezuela Fuels Fears over Hyperinflation
By Andres Schipani
Financial Times, London
Tuesday, January 5, 2015
Venezuela on Monday fuelled fears of looming hyperinflation after publishing a decree by President Nicolás Maduro curbing legislative oversight of the central bank.
Grant Williams' presentation to last month's Mines and Money London conference
Submitted by cpowell on Mon, 2016-01-04 21:55 Section: Daily Dispatches9:56p ET Monday, January 4, 2016
Dear Friend of GATA and Gold:
Zero Hedge has posted the wonderfully entertaining presentation made last month at the Mines and Money conference in London by Singapore-based fund manager Grant Williams, who notes the incongruities that pervade the gold market.
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