Daily Dispatches

Antal Fekete: China's risk-free bonanza in covered call selling in silver

Submitted by cpowell on Tue, 2013-02-05 21:39 Section: Daily Dispatches

9:34p ET Tuesday, February 5, 2013

Dear Friend of GATA and Gold (and Silver):

24hGold tonight republishes a 4-year-old essay by the economic historian Antal Fekete speculating, as silver market analyst Ted Butler long has done, that China is the major short in the silver market.

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Why the secrecy around NY Fed transactions involving U.S. government gold?

Submitted by cpowell on Tue, 2013-02-05 21:33 Section: Daily Dispatches

9:30p ET Tuesday, February 5, 2013

Dear Friend of GATA and Gold:

Financial journalist Lars Schall reports tonight (in the "Update 3" paragraph at the link below) that the Federal Reserve Bank of New York appears to be declining to explain the secrecy around its gold transactions and even around gold transactions involving the U.S. government-owned gold:

Read more about Why the secrecy around NY Fed transactions involving U.S. government gold?

New York Sun: Virginia in the vanguard

Submitted by cpowell on Tue, 2013-02-05 20:48 Section: Daily Dispatches

8:45p ET Tuesday, February 5, 2013

Dear Friend of GATA and Gold:

The New York Sun today lauds Virginia for its legislature's considering establishing a metallic standard for money.

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U.S. government justifies drone killings of Americans for little cause

Submitted by cpowell on Tue, 2013-02-05 14:42 Section: Daily Dispatches

Memo Justifies Drone Kills Even with Patchy Intelligence

By Susan Heavey, David Ingram, and Mark Hosenball
Reuters
Tuesday, February 5, 2013

http://www.reuters.com/article/2013/02/05/us-usa-drones-idUSBRE9140X1201...

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'... and no one knows how much the central bank is buying'

Submitted by cpowell on Tue, 2013-02-05 14:35 Section: Daily Dispatches

Hong Kong-to-China Gold Flow Hit Record in 2012

By Rujun Shen
Reuters
Tuesday, February 5, 2013

http://www.reuters.com/article/2013/02/05/hongkong-gold-china-idUSL4N0B5...

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Many welcome departure of Canada's pesky penny

Submitted by cpowell on Tue, 2013-02-05 10:54 Section: Daily Dispatches

By Tony Lofaro
Ottawa Citizen
Tuesday, February 5, 2013

http://www.ottawacitizen.com/news/ottawa/Many+welcome+departure+pesky+pe...

OTTAWA -- The penny is on the way out, and that's good news for people tired of dealing with the nuisance coin.

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Hollande warns on euro strength, denounces markets for currencies

Submitted by cpowell on Tue, 2013-02-05 10:43 Section: Daily Dispatches

Hollande Warns on Euro Strength

By Hugh Carnegy and Alice Ross
Financial Times, London
Tuesday, February 5, 2013

http://www.ft.com/intl/cms/s/0/5ffe511a-6f7e-11e2-956b-00144feab49a.html

Francois Hollande has issued a clear warning that the current strength of the euro could damage the fragile economic recovery in Europe, calling for international action to stem currency distortions.