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Daily Dispatches
Gold's move from West to East is said intended to rebalance FX reserves
Submitted by cpowell on Tue, 2014-09-16 08:26 Section: Daily DispatchesChina May Boost Gold Reserves amid Imbalances in Holdings
By Feiwen Rong and Glenys Smi
Bloomberg News
Monday, September 15, 2014
http://www.bloomberg.com/news/2014-09-15/biggest-banks-said-to-overhaul-...
Indian trade deficit widens as gold imports surge 176%
Submitted by cpowell on Mon, 2014-09-15 22:06 Section: Daily DispatchesBy Unni Krishnan
Bloomberg News
Monday, September 15, 2014
NEW DELHI, India -- India's trade deficit widened in August from a year earlier as imports of gold surged 176 percent after policy makers eased shipment curbs.
Fed could trigger reversals in stocks and gold this week, Turk says
Submitted by cpowell on Mon, 2014-09-15 20:06 Section: Daily Dispatches8:05p ET Monday, September 15, 2014
Dear Friend of GATA and Gold:
Stocks are overvalued and hard assets undervalued, GoldMoney founder and GATA consultant James Turk tells King World News today, adding that he would expect reversals if the Federal Reserve this week persists in reducing its bond monetization. An excerpt from the interview is posted at the KWN blog here:
Chinese news agency says UK sees RMB as potentially 'main reserve currency'
Submitted by cpowell on Mon, 2014-09-15 14:24 Section: Daily Dispatches2:27p ET Monday, September 15, 2014
Dear Friend of GATA and Gold:
While it is not included in the mainstream financial news agency reports about the United Kingdom Treasury Department's plan to issue bonds denominated in Chinese currency --
http://www.reuters.com/article/2014/09/12/britain-debt-renminbi-idUSL5N0...
Anxious Scottish investors have been buying gold
Submitted by cpowell on Mon, 2014-09-15 13:57 Section: Daily DispatchesBy Richard Dyson
The Telegraph, London
Monday, September 15, 2014
Scottish investment in physical gold has surged by 42 percent in the past fortnight -- on top of the traditional rise in gold demand at this time of the year.
AngloGold Ashanti of South Africa abandons spinoff plans
Submitted by cpowell on Mon, 2014-09-15 13:45 Section: Daily DispatchesBy Chad Bray
The New York Times
Monday, September 15, 2014
LONDON -- AngloGold Ashanti, one of the world's largest gold mining firms, said on Monday that it would abandon plans to spin off its international mining operations and raise $2.1 billion in new capital.
Share price divergence is what results when central banks buy only index futures
Submitted by cpowell on Mon, 2014-09-15 11:38 Section: Daily DispatchesRecord S&P 500 Masks 47% of Nasdaq Mired in Bear Market
By Lu Wang and Joseph Ciolli
Bloomberg News
Monday, September 15, 2014
NEW YORK -- Beneath the U.S. stock market's record-setting gains, trouble is stirring.
At last some European gold that isn't on its way to China
Submitted by cpowell on Mon, 2014-09-15 11:33 Section: Daily DispatchesDiver Finds 2,750-year-old Gold Coin in Bulgaria
From the Sofia Globe
Sofia, Bulgaria
Tuesday, September 9, 2014
http://sofiaglobe.com/2014/09/09/diver-finds-2750-year-old-gold-coin-in-...
CME Group facilitates futures market manipulation, Steer tells Sprott Money News
Submitted by cpowell on Mon, 2014-09-15 11:09 Section: Daily Dispatches11:09a ET Monday, September 15, 2014
Dear Friend of GATA and Gold:
Ron Paul: Will the Swiss vote to get their gold back?
Submitted by cpowell on Sun, 2014-09-14 17:07 Section: Daily Dispatches5p ET Sunday, September 14, 2014
Dear Friend of GATA and Gold:
Former U.S. Rep. Ron Paul writes today that he hopes that the people of Switzerland vote to repatriate their gold when they hold a referendum on the issue on November 30.
Paul argues that approval of the proposal at referendum will repudiate the financial elites behind unlimited government. He writes:
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