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Daily Dispatches
Even China can't kill bitcoin
Submitted by cpowell on Fri, 2017-02-24 08:15 Section: Daily DispatchesBy Elaine Ou
Bloomberg News
Thursday, February 23, 2017
Every time a government sets out to abolish something people like, the well-liked thing moves to where it can't be stopped. This has happened with prohibition, gambling, the war on drugs, and digital piracy. Now it's happening in China, where the government has been trying to crack down on bitcoin.
Treasury eyeing issuance of 100-year U.S. government debt
Submitted by cpowell on Thu, 2017-02-23 20:15 Section: Daily DispatchesBy Joe Rennison
Financial Times, London
Thursday, February 23, 2017
NEW YORK -- Steven Mnuchin, U.S. Treasury secretary, said today that his staff have begun to look into issuing U.S. government debt with maturities of as long as 50 or 100 years.
Trump suggests he wants a weak dollar to help U.S. exporters
Submitted by cpowell on Thu, 2017-02-23 20:05 Section: Daily DispatchesBy Jacob Pramuk
CNBC, New York
Thursday, February 23, 2017
President Donald Trump signaled today that he wants to keep the U.S. dollar's value lower to aid American companies selling products abroad.
Embry notes desperation to keep silver below $18
Submitted by cpowell on Thu, 2017-02-23 13:57 Section: Daily Dispatches1:59p ET Thursday, February 23, 2017
Dear Friend of GATA and Gold:
London Metal Exchange cuts deal with banks to propel gold futures
Submitted by cpowell on Thu, 2017-02-23 07:45 Section: Daily DispatchesBy Peter Hobson
Reuters
Thursday, February 23, 2017
LONDON -- The London Metal Exchange has reached a 50:50 revenue-sharing deal with a company founded by a group of banks to promote trade in its new gold futures contracts, sources said, aiming to overcome market scepticism surrounding their launch in June.
TF Metals Report: Metals capped into FOMC minutes
Submitted by cpowell on Wed, 2017-02-22 11:33 Section: Daily Dispatches11:35a ET Wednesday, February 22, 2017
Dear Friend of GATA and Gold:
China's $9 trillion moral hazard is now too big to ignore
Submitted by cpowell on Wed, 2017-02-22 10:15 Section: Daily DispatchesFrom Bloomberg News
Wednesday, February 22, 2017
China may be about to embark on its most ambitious -- and perilous -- campaign to convince investors that they shouldn’t depend on a bailout when markets go south.
Turk sees indications of imminent short squeeze in silver
Submitted by cpowell on Tue, 2017-02-21 10:48 Section: Daily Dispatches10:50a ET Tuesday, February 21, 2017
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk, in comments posted today at King World News, describes indications of an imminent short squeeze in silver as investment banks that are short the metal struggle to keep it below $18. Turk's comments are posted at KWN here:
Chinese firm said to have used tungsten to manufacture fake gold bars
Submitted by cpowell on Tue, 2017-02-21 07:52 Section: Daily DispatchesShanghai Gold Exchange Denies Connection with Fraudulent Manufacturer
By Leng Cheng
Shanghai Daily
Tuesday, February 21, 2017
The Shanghai Gold Exchange today denied a media report that it was connected with a supplier that has allegedly cheated loans with fake gold bars.
After seven years of bailouts, Greeks just sink deeper in poverty
Submitted by cpowell on Mon, 2017-02-20 19:38 Section: Daily DispatchesBy Karolina Tagaris
Reuters
Monday, February 20, 2017
ATHENS, Greece -- Greek pensioner Dimitra says she never imagined a life reduced to food handouts: some rice, two bags of pasta, a packet of chickpeas, some dates, and a tin of milk for the month.
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