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Daily Dispatches
Central banking's attack on metals is more intense than ever, Embry tells KWN
Submitted by cpowell on Wed, 2015-11-11 18:53 Section: Daily Dispatches6:53p ET Wednesday, November 11, 2015
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry tells King World News today that central banking's attack on the monetary metals has never been as intense as it is now. An excerpt from the interview is posted at the KWN blog here:
http://kingworldnews.com/the-best-antidote-to-the-chaos-that-is-happenin...
U.S. banks said to hold $10 trillion of 'risky' trades
Submitted by cpowell on Tue, 2015-11-10 18:48 Section: Daily DispatchesBy Barney Jopson and Ben McLannahan
Financial Times, London
Tuesday, November 10, 2015
The repeal of part of the Dodd-Frank financial reforms has left big U.S. banks holding $10 trillion of "risky" derivatives trades on their books, according to an investigation by Democrats.
Fed's outflows likely being used to lock gold down, Turk tells KWN
Submitted by cpowell on Mon, 2015-11-09 20:35 Section: Daily Dispatches8:35p ET Monday, November 9, 2015
Dear Friend of GATA and Gold:
Gold flows reported out of the Federal Reserve Bank of New York are likely the mechanism of the "choke hold" that governments lately have put on the gold price, GoldMoney founder and GATA consultant James Turk tells King World News today. An excerpt from the interview is posted at the KWN blog here:
Hugo Salinas Price: What is a bitcoin?
Submitted by cpowell on Mon, 2015-11-09 20:31 Section: Daily Dispatches8:30p ET Monday, November 9, 2015
Dear Friend of GATA and Gold:
Bitcoins, Mexican Civic Association for Silver President Hugo Salinas Price writes today, are no more real than government-issued currency, both being little more than computer entries. Salinas Price's commentary is headlined "What Is a Bitcoin?" and it's posted at the association's Internet site, Plata.com, here:
Koos Jansen: Comex deliveries vs. Shanghai Gold Exchange withdrawals
Submitted by cpowell on Mon, 2015-11-09 15:32 Section: Daily Dispatches3:30p ET Monday, November 9, 2015
Dear Friend of GATA and Gold:
China to allow direct conversion between yuan and Swiss franc
Submitted by cpowell on Mon, 2015-11-09 11:17 Section: Daily DispatchesBy Fion Li
Bloomberg News
Monday, November 9, 2015
China took another step to boost the yuan's global usage, saying it will start direct trading with the Swiss franc, as the nation pushes its case for reserve-currency status at the International Monetary Fund.
Reuters: European Central Bank may push interest rates more negative
Submitted by cpowell on Mon, 2015-11-09 11:14 Section: Daily DispatchesECB Rate Setters Converge on December Deposit Rate Cut
By Paul Taylor and Balazs Koranyi
Reuters
Monday, November 9, 2015
A consensus is forming at the European Central Bank to take the interest rate it charges banks to park money deeper into negative territory in December, four governing council members said, a move that could weaken the euro and push up inflation.
Join GATA at the Silver Summit in San Francisco Nov. 23-24
Submitted by cpowell on Sun, 2015-11-08 14:59 Section: Daily Dispatches3p ET Sunday, November 8, 2015
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and Board of Directors member Ed Steer will be among many speakers of interest to GATA supporters at the 2015 Silver Summit and Resource Expo, co-sponsored by Cambridge House and Katusa Research, to be held Monday and Tuesday, November 23 and 24, at the Park Central Hotel in beautiful San Francisco.
Sean Fieler: Competition for the Fed's money monopoly
Submitted by cpowell on Sat, 2015-11-07 18:32 Section: Daily DispatchesBy Sean Fieler
The Wall Street Journal
Sunday, November 1, 2015
http://www.wsj.com/articles/competition-for-the-feds-money-monopoly-1446...
History suggests that the only way to rein in the sprawling Federal Reserve is to end its money monopoly and restore the American people's ability to use gold as a competing currency.
Merge or die, major gold miners told by Randgold's Bristow
Submitted by cpowell on Sat, 2015-11-07 16:59 Section: Daily DispatchesBy Thomas Biesheuvel
Business Day, Johannesburg, South Africa
Friday, November 6, 2015
LONDON -- The biggest gold miners, weighed down by record debt and with prices near a five-year low, will have to merge with others to survive, according to Randgold Resources, the best-performing producer of the metal in the past 10 years.
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