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Daily Dispatches
Banks brace for billions in civil claims over forex rate rigging
Submitted by cpowell on Mon, 2015-08-17 21:41 Section: Daily DispatchesBy Emma Dunkley and Lindsay Fortado
Financial Times, London
Monday, August 17, 2015
Global banks are facing billions of pounds-worth of civil claims in London and Asia over the rigging of currency markets, following a landmark legal settlement in New York.
Please join GATA in New Orleans in October -- you really can't lose
Submitted by cpowell on Sun, 2015-08-16 15:16 Section: Daily Dispatches3:21p ET Sunday, August 16, 2015
Dear Friend of GATA and Gold:
Avery Goodman: The 'big long' gets bigger as Goldman, HSBC buy more gold
Submitted by cpowell on Fri, 2015-08-14 12:05 Section: Daily Dispatches12:05p ET Friday, August 14, 2015
Dear Friend of GATA and Gold:
On Keiser Report, GoldMoney's Macleod argues for gold over bank credit
Submitted by cpowell on Fri, 2015-08-14 08:22 Section: Daily Dispatches8:20a ET Friday, August 14, 2015
Dear Friend of GATA and Gold:
GoldMoney research director joins Max Keiser and Stacy Herbert on "The Keiser Report" this week, arguing that gold offers a better foundation for a monetary system than bank credit. The program is posted at the Russia Today Internet site here:
https://www.rt.com/shows/keiser-report/312323-episode-max-keiser-796/
Biggest South African gold miners unions say wage talks 'collapse'
Submitted by cpowell on Fri, 2015-08-14 08:06 Section: Daily DispatchesBy Paul Burkhardt
Bloomberg News
Friday, August 14, 2015
The two biggest unions at South African gold-mining companies said wage negotiations have broken down, bringing the industry closer to a strike.
China reports another increase in gold reserves
Submitted by cpowell on Fri, 2015-08-14 07:54 Section: Daily DispatchesChina Reveals Increase in Gold Holdings
By Henry Sanderson
Financial Times, London
Friday, August 14, 2015
China released data on its gold holdings for the second time in a month on Friday, in a sign of greater transparency as it moved to an international standard of reporting its reserves.
'Trust the market,' Chinese central banker says after rigging it
Submitted by cpowell on Thu, 2015-08-13 13:20 Section: Daily DispatchesChina's Central Bank Vows to Control Market "Herding" as Yuan Falls for Third Day
By Szu Ping Chan and Tara Cunningham
The Telegaph, London
Thursday, August 13, 2015
China's central bank has dismissed claims that it is trying to engineer a 10-percent fall in the yuan as "groundless," just days after it devalued its currency for the first time in over 20 years.
Alasdair Macleod: Welcome to the world of ZIRP zombies
Submitted by cpowell on Thu, 2015-08-13 12:06 Section: Daily Dispatches12:05p ET Thursday, August 13, 2015
Dear Friend of GATA and Gold:
GoldMoney research chief Alaadair Macleod writes today that central banks are about to discover that zero interest rates don't revive the real economy but only put it in grave danger as the policy is reversed.
Bron Suchecki: Telling a metal shortage from a production capacity shortage
Submitted by cpowell on Thu, 2015-08-13 11:29 Section: Daily Dispatches11:29a ET Thursday, August 13, 2015
Dear Friend of GATA and Gold:
Perth Mint research director Bron Suchecki writes this week about distinguishing a shortage of monetary metal from bottlenecks in coin and bar production capacity. Suchecki's commentary is headlined "Coin Shortage FAQs: Telling a Real Shortage from a Capacity Shortage" and it's posted at the Perth Mint's Internet site here:
China's central bank sees no basis for further yuan depreciation
Submitted by cpowell on Thu, 2015-08-13 11:01 Section: Daily DispatchesBy Kevin Yao and Pete Sweeney
Reuters
Thursday, August 13, 2015
SHANGHAI -- China's central bank said on Thursday that there is no basis for further depreciation in the yuan currency given strong economic fundamentals, in a bid to reassure jittery global financial markets after it devalued the currency earlier in the week.
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