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Daily Dispatches
Ambrose Evans-Pritchard: The great lira revolt has begun in Italy
Submitted by cpowell on Mon, 2014-10-13 19:12 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, October 13, 2014
The die is cast in Italy. Beppe Grillo's Five Star movement has launched a petition to drive for Italian withdrawal from Europe's monetary union and for the restoration of economic sovereignty.
Russian oil exec accuses Saudis of manipulating oil price down
Submitted by cpowell on Mon, 2014-10-13 10:57 Section: Daily DispatchesOil Surplus in World Market Temporary, Rosneft Vice President Says
From RIA Novosti, Moscow
Sunday, October 12, 2014
http://en.ria.ru/business/20141012/193992405/Oil-Surplus-in-World-Market...
MOSCOW -- The surplus of oil on the world market is a temporary phenomenon, the vice president of Russian oil giant Rosneft, Mikhail Leontyev, said Sunday.
Faber's likely last time on BNN: Gold and silver markets are manipulated
Submitted by cpowell on Sun, 2014-10-12 22:27 Section: Daily Dispatches10:31p ET Sunday, October 12, 2014
Dear Friend of GATA and Gold:
Financial letter writer Marc Faber made on Friday what likely will be his last appearance on Business News Network in Canada -- not because of failing health or retirement but because he declared that the monetary metals markets are manipulated.
Robert Fitzwilson: Will world reject the West's paper-manipulated markets?
Submitted by cpowell on Sun, 2014-10-12 19:06 Section: Daily Dispatches7p ET Sunday, October 12, 2014
Dear Friend of GATA and Gold:
Asian market hubs move into gold
Submitted by cpowell on Sun, 2014-10-12 18:32 Section: Daily DispatchesAsian Market Hubs Move Into Gold
Demand From Region Is World's Largest but Most Trading Is in West
By Biman Mukherji and Ese Erhereine
The Wall Street Journal
via EIN News, Washington
Sunday, October 12, 2014
Asians buy most of the world's gold, but nearly all of it trades in London. Now, with Western investors souring on the metal, the region is making a bid for some of the action.
China gold market researcher Koos Jansen interviewed by TF Metals Report
Submitted by cpowell on Sun, 2014-10-12 12:05 Section: Daily Dispatches12:02p ET Sunday, October 12, 2014
Dear Friend of GATA and Gold:
Draghi says growing ECB balance sheet is last stimulus tool left
Submitted by cpowell on Sun, 2014-10-12 09:35 Section: Daily DispatchesBy Stefan Riecher and Scott Hamilton
Bloomberg News
Saturday, October 11, 2014
WASHINGTON -- European Central Bank President Mario Draghi said expanding the bank's balance sheet is the last monetary tool left to revive inflation, although there is no target for how much it might be increased.
China's Zhou says some countries already use yuan in reserves
Submitted by cpowell on Sat, 2014-10-11 18:11 Section: Daily DispatchesBy Belinda Cao
Bloomberg News
Saturday, October 11, 2014
WASHINGTON -- Some countries are already using the Chinese yuan in their foreign-currency reserves without announcing it, China central bank governor Zhou Xiaochuan said.
Banks accept derivatives rule change to end 'too big to fail' scenario
Submitted by cpowell on Sat, 2014-10-11 18:07 Section: Daily DispatchesBy Huw Jones
Reuters
Saturday, October 11, 2014
LONDON -- The $700 trillion financial derivatives industry has agreed to a fundamental rule change from January to help regulators to wind down failed banks without destabilising markets.
China now takes nearly all world gold production, Shanghai exchange chief confirms
Submitted by cpowell on Sat, 2014-10-11 13:55 Section: Daily Dispatches1:56p ET Saturday, October 11, 2014
Dear Friend of GATA and Gold:
China's annual non-government gold consumption has been officially confirmed as having reached 2,000 tonnes, gold researcher and GATA consultant Koos Jansen reports. That figure is close to annual world gold mine production.
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