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Daily Dispatches
Here comes the crack-up boom: Negative interest rates start in Europe
Submitted by cpowell on Wed, 2012-06-27 09:42 Section: Daily DispatchesDraghi May Enter Twilight Zone Where Fed Fears to Tread
By Jana Randow
Reuters
Wednesday, June 27, 2012
http://www.bloomberg.com/news/2012-06-26/draghi-may-enter-twilight-zone-...
European Central Bank President Mario Draghi is contemplating taking interest rates into a twilight zone shunned by the Federal Reserve.
Barclays admits manipulating LIBOR rate; other banks still being investigated
Submitted by cpowell on Wed, 2012-06-27 09:22 Section: Daily DispatchesBarclays Pays $450 Million to End Libor Probe
By Brooke Masters and Kara Scannell
Financial Times, London
Wednesday, June 27, 2012
http://www.ft.com/intl/cms/s/0/2a4479f8-c030-11e1-9867-00144feabdc0.html
India may prohibit gold coin sales by banks
Submitted by cpowell on Wed, 2012-06-27 09:00 Section: Daily DispatchesCentral Bank Likely to Impose Curbs on Gold Coin Sale
By Manojit Saha
Business Standard, New Delhi
Wednesday, June 27, 2012
http://business-standard.com/india/news/central-bank-likely-to-impose-cu...
Embry, Coxe marvel at euro zone's financial collapse
Submitted by cpowell on Tue, 2012-06-26 23:29 Section: Daily Dispatches11:25a HKT Wednesday, June 27, 2012
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry and BMO market analyst Don Coxe marvel to King World News about the collapse of the euro zone's financial system and expect gold to emerge the winner.
An excerpt from the interview with Embry is posted at the King World News blog here:
Ian Gordon explains why he still likes gold mining companies with proven resources
Submitted by cpowell on Tue, 2012-06-26 07:16 Section: Daily Dispatches7:15p HKT Tuesday, June 26, 2012
Dear Friend of GATA and Gold:
Turk notes 'financial repression'; Fitzwilson says ZIRP will destroy financial system
Submitted by cpowell on Tue, 2012-06-26 06:51 Section: Daily Dispatches6:45p HKT Tuesday, June 26, 2012
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tells King World News that capital controls and "financial repression" are already being imposed in Europe and South America, bank runs are next, and eventually devaluations producing a higher gold price. A summary of Turk's interview is posted at the King World News blog here:
John Lee: Market bottom only in hindsight
Submitted by cpowell on Mon, 2012-06-25 12:07 Section: Daily Dispatches12:01a HKT Tuesday, June 26, 2012
Dear Friend of GATA and Gold:
Robert Lambourne: Gold is a huge part of Bank for International Settlements' profit
Submitted by cpowell on Mon, 2012-06-25 11:48 Section: Daily DispatchesBy Robert Lambourne
Tuesday, June 25, 2012
The Bank for International Settlements yesterday published its 2011-12 annual report:
Ben Davies: Revolting PIIGS -- a golden hope?
Submitted by cpowell on Mon, 2012-06-25 11:21 Section: Daily Dispatches11:53p HKT Monday, June 25, 2012
Dear Friend of GATA and Gold:
Mohamed El-Erian: Fed keeps messing with markets
Submitted by cpowell on Mon, 2012-06-25 03:45 Section: Daily DispatchesIn another few years even gold may get mentioned in respectable commentaries like this.
* * *
The Fed's Second-Best Solution
Mohamed El-Erian
Financial Times, London
Wednesday, June 20, 2012
http://blogs.ft.com/the-a-list/2012/06/20/the-feds-second-best-solution/
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