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Daily Dispatches
Ted Butler: An unprecedented circumstance
Submitted by cpowell on Mon, 2015-12-14 16:06 Section: Daily Dispatches4:05p ET Monday, December 14, 2015
Dear Friend of GATA and Gold:
Raise rates, get hyperinflation and dollar's destruction, Turk says
Submitted by cpowell on Mon, 2015-12-14 15:27 Section: Daily Dispatches3:27p ET Monday, December 14, 2015
Dear Friend of GATA and Gold:
Out of rand crisis, opportunity for world's costliest gold mines
Submitted by cpowell on Mon, 2015-12-14 13:03 Section: Daily DispatchesBy Kevin Crowley
Bloomberg News
Monday, December 14, 2015
South African President Jacob Zuma is causing turmoil in financial markets and accidentally throwing a lifeline to his country's struggling gold industry.
Koos Jansen: China's gold acquisition is likely more than FX diversification
Submitted by cpowell on Mon, 2015-12-14 12:45 Section: Daily Dispatches12:44p ET Monday, December 14, 2015
Dear Friend of GATA and Gold:
Koos Jansen: Shanghai Gold Exchange withdrawals year to date hit 2,405 tonnes
Submitted by cpowell on Sun, 2015-12-13 23:16 Section: Daily Dispatches11:15p ET Sunday, December 13, 2015
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen reports today that withdrawals from the Shanghai Gold Exchange for this year through December 4 have reached 2,405 tonnes, which seems pretty gold to estimated annual gold mine production. His analysis is posted at Bullion Star here:
Bitcoin's supposed creator reported to have tried to buy gold
Submitted by cpowell on Sun, 2015-12-13 11:07 Section: Daily DispatchesBitcoin Mystery: Sydney 'Founder' Sold $85 Million in Currency for Gold
By Leo Shanahan
The Australian, Sydney
Monday, December 14, 2015
The Sydney businessman outed as the possible creator of Bitcoin paid almost $85 million worth of the digital currency to a controversial business figure to buy gold in an attempt to build his business, according to a Federal Court claim.
Bullion dealers, Bombay Stock Exchange agree on India's first physical gold exchange
Submitted by cpowell on Sat, 2015-12-12 20:48 Section: Daily DispatchesBSE, Bullion Body Sign Agreement to Set Up India's First Physical Gold Exchange
From the Press Trust of India
via Daily News and Analysis, Mumbai
Saturday, December 12, 2015
Austria celebrates gold repatriation but really isn't coming clean
Submitted by cpowell on Sat, 2015-12-12 20:13 Section: Daily Dispatches8:15p Saturday, December 12, 2015
Dear Friend of GATA and Gold:
Reporting today that Austria's central bank has produced an explanatory video celebrating its repatriation last week of 15 more tonnes of gold from the Bank of England --
http://www.gata.org/node/16023
-- Zero Hedge contrasts this openness with the secrecy the United States continues to weave around its gold reserves:
Zero Hedge: China's devaluation plan is warning to Fed against raising rates
Submitted by cpowell on Fri, 2015-12-11 13:28 Section: Daily Dispatches1:28p ET Friday, December 11, 2015
Dear Friend of GATA and Gold:
Zero Hedge argues today that China's de-pegging its currency, the yuan, from the U.S. dollar and re-pegging it to a basket of recently depreciated currencies foretells a devaluation of the yuan of 15 percent and a dumping of Chinese foreign exchange reserves to control the descent amid capital outflows.
China signals aim to loosen yuan's peg to dollar and use currency basket instead
Submitted by cpowell on Fri, 2015-12-11 11:58 Section: Daily DispatchesBy Lingling Wei
The Wall Street Journal
Friday, December 11, 2015
BEIJING, China -- China's central bank signaled its intention to change the way it manages the yuan's value by potentially loosening its peg to the U.S. dollar and instead letting it track the currencies of its broader trading partners.
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