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Daily Dispatches
Fed's 'dot plot' looks increasingly out of touch on rates
Submitted by cpowell on Sun, 2016-02-14 11:55 Section: Daily DispatchesBy Ann Saphir
Reuters
Sunday, February 14, 2016
The Federal Reserve's rate path "dot plot" has become increasingly detached from financial markets' interest-rate projections and risks sending an overly hawkish message that may undermine the central bank's credibility.
Investors are flocking to gold like there's no tomorrow
Submitted by cpowell on Sat, 2016-02-13 14:56 Section: Daily DispatchesBy Lauren Gensler
Forbes magazine, New York
Friday, February 12, 2016
Gold is having a moment.
The precious metal surged 6% this week, and is up 16% this year, as global market turmoil has prompted nervous investors to rush into what they view as a safe haven investment.
Chinese start to lose confidence in their currency
Submitted by cpowell on Sat, 2016-02-13 14:52 Section: Daily DispatchesBy Keith Bradsher
The New York Times
Saturday, February 13, 2016
HONG KONG -- As the Chinese economy stumbles, wealthy families are increasingly trying to move large sums of money out of the country, worried that the value of the currency will fall and their savings will be worth less.
Allister Heath: This crisis has been caused by arrogant central banks
Submitted by cpowell on Fri, 2016-02-12 12:54 Section: Daily DispatchesBy Allister Heath
The Telegraph, London
Thursday, February 11, 2016
An interview with George Taber, author of 'Chasing Gold'
Submitted by cpowell on Fri, 2016-02-12 12:11 Section: Daily Dispatches12:10p ET Friday, February 12, 2016
Dear Friend of GATA and Gold:
The enduring power of gold as money is recounted in an interview done this week by the University of Pennsylvania's Wharton School of Business with George M. Taber, a former business editor of Time magazine and author of the recent book "Chasing Gold: The Incredible Story of How the Nazis Stole Europe's Bullion."
Bron Suchecki moves from Perth Mint to Monetary Metals
Submitted by cpowell on Fri, 2016-02-12 11:40 Section: Daily Dispatches11:40a ET Friday, February 12, 2016
Dear Friend of GATA and Gold:
The Perth Mint's research director, Bron Suchecki, to whose commentaries your attention often has been called, has resigned to become vice president for operations at the Monetary Metals consultancy and investment advisory service in Scottsdale, Arizona.
The King Report: Strategic buying of S&P futures is managing stock market decline
Submitted by cpowell on Fri, 2016-02-12 00:57 Section: Daily DispatchesBy Bill King
The King Report
Arbor Research and Trading, Barrington, Illinois
Friday, February 12, 2016
Bitcoin's future threatened by software schism
Submitted by cpowell on Thu, 2016-02-11 20:26 Section: Daily DispatchesBy Richard Waters
Financial Times, London
Thursday, February 11, 2016
SAN FRANCISCO -- A schism among software developers that threatens the future of bitcoin has broken into the open with Wednesday's release of a rival version of the technology behind the digital currency.
Bank of Japan loses control as QE hits the limits
Submitted by cpowell on Thu, 2016-02-11 20:17 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, February 11, 2016
The Japanese yen has become the lightning rod of extreme stress in the global financial system, rocketing this week in violent moves that threaten to plunge Japan back into deep deflation and overwhelm the experiment of "Abenomics."
TF Metals Report: The confidence game is failing
Submitted by cpowell on Thu, 2016-02-11 20:09 Section: Daily Dispatches8:10p ET Thursday, February 11, 2016
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson attributes the launch of the monetary metals to widespread loss of confidence in central banking and sees this as a first step toward greater use of gold and silver as money. His commentary is headlined "The Confidence Game is Failing" and it's posted here:
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