Daily Dispatches

Swiss National Bank's reversal heralds financial meltdown, Celente tells KWN

Submitted by cpowell on Thu, 2015-01-15 20:20 Section: Daily Dispatches

8:19p ET Thursday, January 15, 2015

Dear Friend of GATA and Gold:

Read more about Swiss National Bank's reversal heralds financial meltdown, Celente tells KWN

Ambrose Evans-Pritchard: World deflationary forces have swept away Swiss defenses

Submitted by cpowell on Thu, 2015-01-15 17:14 Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, January 15, 2015

The Swiss National Bank has lost control. It is the latest in a list of venerable central banks to be overwhelmed by deflationary forces and global economic disorder.

Read more about Ambrose Evans-Pritchard: World deflationary forces have swept away Swiss defenses

The end of central bank power? Or the start of more 'financial repression'?

Submitted by cpowell on Thu, 2015-01-15 16:48 Section: Daily Dispatches

4:57p ET Thursday, January 15, 2015

Dear Friend of GATA and Gold:

Former Wall Street trader and market commentator Bruce Krasting, in analysis publicized by Zero Hedge, argues that the Swiss National Bank's repudiation today of its pledge to peg the Swiss franc to the euro forever will mark the beginning of the end of central bank power.

Read more about The end of central bank power? Or the start of more 'financial repression'?

Bron Suchecki: Straining at gold gnats while swallowing central bank camels

Submitted by cpowell on Thu, 2015-01-15 15:41 Section: Daily Dispatches

3:51p ET Thursday, January 15, 2014

Dear Friend of GATA and Gold:

Read more about Bron Suchecki: Straining at gold gnats while swallowing central bank camels

Central bank sets off panic and chaos in Switzerland, von Greyerz tells KWN

Submitted by cpowell on Thu, 2015-01-15 14:27 Section: Daily Dispatches

2:27p ET Thursday, January 15, 2015

Dear Friend of GATA and Gold:

Swiss gold fund manager Egon von Greyerz today tells King World News about the panic and chaos in Switzerland and elsewhere in Europe caused by the Swiss National Bank's repudiation of its pegging the Swiss franc to the euro.

Read more about Central bank sets off panic and chaos in Switzerland, von Greyerz tells KWN

Central bank conflicts coming into the open, promising 'volatility'

Submitted by cpowell on Thu, 2015-01-15 11:19 Section: Daily Dispatches

Switzerland's abrupt reversal on the franc's euro peg reminds markets that central banks can't be trusted.

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Swiss National Bank Shocks the World

By Simon Kennedy
Bloomberg News
Thursday, January 15, 2015

The road to normal is proving to be bumpy.

Read more about Central bank conflicts coming into the open, promising 'volatility'

Koos Jansen: 'Astonishing' heavy withdrawals from Shanghai Gold Exchange

Submitted by cpowell on Thu, 2015-01-15 10:58 Section: Daily Dispatches

10:58a ET Thursday, January 15, 2015

Dear Friend of GATA and Gold:

Read more about Koos Jansen: 'Astonishing' heavy withdrawals from Shanghai Gold Exchange

Swiss National Bank shocks markets by scrapping peg to euro

Submitted by cpowell on Thu, 2015-01-15 08:46 Section: Daily Dispatches

By Alice Baghdjian and Silke Koltrowitz
Reuters
Thursday, January 15, 2015

ZURICH, Switzerland -- The Swiss National Bank shocked financial markets today by scrapping a 3-year-old cap on the franc, sending the safe-haven currency soaring through the 1.20 per euro limit and stoking fears about the export-reliant Swiss economy.