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Daily Dispatches
Rule gives KWN alternative arguments for resource investing
Submitted by cpowell on Tue, 2014-10-07 23:44 Section: Daily Dispatches11:40p ET Tuesday, October 7, 2014
Dear Friend of GATA and Gold:
Financial Times: Banks plan to write off derivatives when a counterparty fails
Submitted by cpowell on Tue, 2014-10-07 23:06 Section: Daily DispatchesBanks Rewrite Derivatives Rules to Cope with Future Crisis
By Tom Braithwaite and Tracy Alloway
Financial Times, London
Tuesday, October 7, 2014
http://www.ft.com/intl/cms/s/0/aeb57e26-4e6d-11e4-bfda-00144feab7de.html
NEW YORK -- The world's biggest banks have agreed to tear up the rulebook on derivatives to make it easier to resolve a future failing institution like Lehman Brothers.
China is maneuvering to get its currency included in IMF's super-currency
Submitted by cpowell on Tue, 2014-10-07 21:10 Section: Daily DispatchesChina Currency Push Takes Aim at Dollar
By David Marsh
USA Today, Tyson's Corner, Virginia
Tuesday, October 7, 2014
http://www.usatoday.com/story/money/business/2014/10/07/china-currency-p...
Gold initiative would hamper policy, Swiss government says
Submitted by cpowell on Tue, 2014-10-07 20:39 Section: Daily DispatchesYes, guys, that's the point, in case you didn't notice.
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By Catherine Bosley
Bloomberg News
Tuesday, October 7, 2014
http://www.bloomberg.com/news/2014-10-07/swiss-gold-initiative-would-ham...
China wants say in 'price discovery' in everything
Submitted by cpowell on Tue, 2014-10-07 19:38 Section: Daily DispatchesTime to Focus on Chinese Derivatives
By William Barkshire
Financial Times, London
Tuesday, October 7, 2014
http://www.ft.com/intl/cms/s/0/5514b5dc-4e02-11e4-adfe-00144feab7de.html
There have been many false dawns in the progress to open up China's participation in global capital markets.
Russia, South Africa in talks to support platinum price
Submitted by cpowell on Tue, 2014-10-07 19:20 Section: Daily DispatchesWhy not? OPEC itself was formed in part to counter Western control of the currency markets, one cartel giving rise to a counter-cartel.
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By Yuliya Fedorinova and Andre Janse van Vuuren
Bloomberg News
Tuesday, October 7, 2014
http://www.bloomberg.com/news/2014-10-07/russia-south-africa-seek-to-sup...
NYTimes: Big banks face another round of U.S. charges over currency market rigging
Submitted by cpowell on Tue, 2014-10-07 09:46 Section: Daily DispatchesBy Ben Protess and Jessica Silver-Greenberg
The New York Times
Monday, October 6, 2014
The Justice Department is preparing a fresh round of attacks on the world's biggest banks, again questioning Wall Street's role in a broad array of financial markets.
More tape painting in gold by the central planners, Turk tells KWN
Submitted by cpowell on Tue, 2014-10-07 00:17 Section: Daily Dispatches12:16a ET Tuesday, October 7, 2014
Dear Friend of GATA and Gold:
Friday's smash of the gold futures price, GoldMoney founder and GATA consultant James Turk tells King World News, was another typical tape-painting operation by the central planners for short-term psychological purposes. An excerpt from the interview is posted at the KWN blog here:
Glencore plans massive merger with Rio Tinto
Submitted by cpowell on Mon, 2014-10-06 18:10 Section: Daily DispatchesBy Matthew Campbell, Zijing Wu, and Jesse Riseborough
Bloomberg News
Monday, October 6, 2014
Glencore Plc is laying the groundwork for a potential merger with Rio Tinto Group (RIO) in the next year that would create the world’s largest mining company, worth about $160 billion, according to people familiar with the situation.
Financial letter writer Ron Rosen takes gold price suppression for granted
Submitted by cpowell on Mon, 2014-10-06 17:14 Section: Daily Dispatches5:10p ET Monday, October 6, 2014
Dear Friend of GATA and Gold:
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