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Daily Dispatches
Alasdair Macleod: Saving the system
Submitted by cpowell on Thu, 2016-08-04 22:19 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, August 4, 2016
Monetary policy, we are told, is all about staving off recession and stimulating economic growth.
However, not only is monetary debasement in any form counterproductive and destroys the personal wealth of the masses, but the economists who devised today's monetarism have completely lost their way.
Maybe Indians buy so much gold because their currency is so crappy
Submitted by cpowell on Thu, 2016-08-04 22:06 Section: Daily DispatchesWhy Do Indians Spend So Much on Gold? RBI to Study
By the Press Trust of India
via The Times of India, Mumbai
Thursday, August 4, 2016
http://timesofindia.indiatimes.com/business/india-business/Why-Indians-s...
No one can be sure that Fed doesn't meddle with futures or ETFs
Submitted by cpowell on Wed, 2016-08-03 19:52 Section: Daily Dispatches8:03p ET Wednesday, August 3, 2016
Dear Friend of GATA and Gold:
Financial letter writer and technical analyst Steve Saville contends today that the Federal Reserve couldn't possibly be intervening directly in the stock market by purchasing stock index futures or exchange-traded funds because evidence of such transactions would show up on the Fed's public books:
Bond king Gross favors gold and real estate now
Submitted by cpowell on Wed, 2016-08-03 12:53 Section: Daily DispatchesGross Says 'I Don't Like Bonds, Most Stocks,' Favors Real Assets
By John Gittelsohn
Bloomberg News
Wednesday, August 3, 2016
Money manager Bill Gross says investors should favor gold and real estate while avoiding most stocks and bonds trading at inflated prices.
'Real Money Show' interviews GATA secretary on gold market rigging
Submitted by cpowell on Wed, 2016-08-03 08:18 Section: Daily Dispatches8:19a ET Wednesday, August 3, 2016
Dear Friend of GATA and Gold:
Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong
Submitted by cpowell on Wed, 2016-08-03 08:12 Section: Daily DispatchesBy Clare Baldwin
Reuters
Wednesday, August 3, 2016
HONG KONG -- Nearly 120,000 units of digital currency bitcoin worth about $72 million were stolen from the exchange platform Bitfinex in Hong Kong, rattling the global bitcoin community in the second-biggest security breach ever of such an exchange.
Ronan Manly: GLD evades SEC request for subcustodian details
Submitted by cpowell on Wed, 2016-08-03 08:00 Section: Daily Dispatches8a ET Wednesday, August 3, 2016
Dear Friend of GATA and Gold:
JPM analyst says central banks rigged markets after Brexit
Submitted by cpowell on Tue, 2016-08-02 23:29 Section: Daily Dispatches11:35p ET Tuesday, August 2, 2016
Dear Friend of GATA and Gold:
The financial news Internet site Value Walk reported today that JPMorganChase's quantitative and derivatives strategy chief, Marko Kolanovic, this week issued a report asserting that the rise in stock markets after the United Kingdom's vote to withdraw from the European Union was caused by central bank intervention:
U.S. wins latest court ruling on ownership of rare gold coins
Submitted by cpowell on Tue, 2016-08-02 14:53 Section: Daily DispatchesBy Jonathan Stempel
Reuters
Monday, August 1, 2016
A federal appeals court on Monday said a cache of exceptionally rare gold coins stolen from the U.S. Mint in the 1930s belongs to the U.S. government, not the Pennsylvania family that possessed it for decades.
Incrementum's Stoeferle explains why 'gold is back'
Submitted by cpowell on Tue, 2016-08-02 13:22 Section: Daily Dispatches1:20p ET Tuesday, August 2, 2016
Dear Friend of GATA and Gold:
Incrementum AG market analyst Ronald-Peter Stoeferle, best known lately for his "In Gold We Trust" reports, like the most recent one here --
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