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Daily Dispatches
Europeans defy U.S. to join China-led development bank; Australia may be next
Submitted by cpowell on Tue, 2015-03-17 01:55 Section: Daily DispatchesBy George Parker, Anne-Sylvaine Chassany, and Geoff Dyer
Financial Times, London
Monday, March 16, 2015
France, Germany, and Italy have all agreed to follow Britain's lead and join a China-led international development bank, according to European officials, delivering a blow to US efforts to keep leading Western countries out of the new institution.
Koos Jansen: Yuan's inclusion in SDRs likely will carry gold with it
Submitted by cpowell on Mon, 2015-03-16 20:04 Section: Daily Dispatches8a SGT Tuesday, March 17, 2015
Dear Friend of GATA and Gold:
Declining U.S. economy doesn't support soaring dollar, Embry tells KWN
Submitted by cpowell on Mon, 2015-03-16 19:51 Section: Daily Dispatches7:45a SGT Tuesday, March 17, 2015
Dear Friend of GATA and Gold:
China seems to be claiming 88 percent of world gold mine production
Submitted by cpowell on Sun, 2015-03-15 00:26 Section: Daily Dispatches11:31a ICT Sunday, March 15, 2015
Dear Friend of GATA and Gold:
U.S. seeks billions from global banks in currency manipulation settlement
Submitted by cpowell on Fri, 2015-03-13 22:33 Section: Daily DispatchesThat is: Nobody rigs our markets but us.
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By Keri Geiger and Greg Farrell
Bloomberg News
Friday, March 13, 2015
NEW YORK -- The U.S. Justice Department is seeking about $1 billion each from global banks being investigated for manipulation of currency markets, according to two people familiar with the talks.
Ronan Manly: Chinese bank participation in new London metals pricing system isn't assured
Submitted by cpowell on Fri, 2015-03-13 21:03 Section: Daily Dispatches8a ICT Saturday, March 14, 2015
Dear Friend of GATA and Gold:
Here's a summary of reports of interest published in the last few hours.
-- Gold researcher and GATA consultant Ronan Manly is skeptical of assumptions that Chinese banks are set to have much influence in the new London gold and silver price-reporting mechanisms in London:
Gold market sentiment matters no more than technical analysis does
Submitted by cpowell on Fri, 2015-03-13 02:55 Section: Daily Dispatches2:05p ICT Friday, March 13, 2015
Dear Friend of GATA and Gold:
Some gold market analysts are noting that sentiment in the sector has probably never been worse. They construe this as an indicator of a bottom in the metal's price and the price of gold mining shares. But in a market as manipulated as the gold market, sentiment has no more meaning than technical analysis does.
Koos Jansen: The mechanics of the Chinese gold market
Submitted by cpowell on Thu, 2015-03-12 23:08 Section: Daily Dispatches10:10a ICT Friday, March 13, 2015
Dear Friend of GATA and Gold:
U.K. seeks to join China-backed Asian infrastructure bank
Submitted by cpowell on Thu, 2015-03-12 21:59 Section: Daily DispatchesBy Maria Levitov
Bloomberg News
Thursday, March 12, 2015
LONDON -- The U.K. is looking to join China's Asian Infrastructure Investment Bank, becoming the first "major western country" to apply for membership, Chancellor of the Exchequer George Osborne said.
Ambrose Evans-Pritchard: Global finance faces $9 trillion stress test as dollar soars
Submitted by cpowell on Thu, 2015-03-12 12:44 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, March 13, 2015
Sitting on the desks of central bank governors and regulators across the world is a scholarly report that spells out the vertiginous scale of global debt in US dollars, and gently hints at the horrors in store as the US Federal Reserve turns off the liquidity spigot.