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Daily Dispatches
Russia increases gold purchases by 123%
Submitted by cpowell on Fri, 2015-01-30 13:37 Section: Daily DispatchesFrom Russia Today, Moscow
Friday, January 30, 2015
The Central Bank of Russia bought a record amount of gold in the first 11 months of 2014 spending an estimated $6.1 billion. Increasing gold reserves attempts to reduce dependence on the dollar amid geopolitical tension, Mark O’Byrne of GoldCore told Russia Today. ...
Russia buys record amounts of gold
Submitted by cpowell on Thu, 2015-01-29 16:52 Section: Daily DispatchesBy Henry Sanderson
Financial Times, London
Thursday, January 29, 2015
http://www.ft.com/intl/cms/s/0/13b55dd6-a7b6-11e4-be63-00144feab7de.html
Saville says gold's flow doesn't matter to price; U.S. and China disagree
Submitted by cpowell on Thu, 2015-01-29 14:46 Section: Daily Dispatches2:58p ET Thursday, January 29, 2015
Dear Friend of GATA and Gold:
At the New York Fed, gold can leave discreetly by the back door
Submitted by cpowell on Thu, 2015-01-29 11:45 Section: Daily Dispatches11:46a ET Thursday, January 29, 2015
Dear Friend of GATA and Gold:
With his meticulously documented report yesterday about the close connection between the auxiliary gold vault of the Federal Reserve Bank of New York and the vault area of the adjacent JPMorganChase & Co. building, GATA consultant Ronan Manly was pretty cautious:
Banks rigging markets are like 'careless fighter pilots'
Submitted by cpowell on Thu, 2015-01-29 11:24 Section: Daily DispatchesBy James Titcomb
The Telegraph, London
Thursday, January 29, 2015
A senior Bank of England official has compared banks' failures to prevent Libor and foreign exchange rigging to a fighter pilot ignoring safety checks, saying it should be in the banks’'own interests to stamp out bad behaviour.
Sen. Rand Paul re-introduces 'audit the Fed' bill
Submitted by cpowell on Wed, 2015-01-28 21:57 Section: Daily DispatchesBy Michael Flaherty
Reuters
Wednesday, January 28, 2015
Republican U.S. Sen. Rand Paul, a potential 2016 presidential candidate, on Wednesday re-introduced a bill that would expose the Federal Reserve's monetary policy discussions and decisions to a congressional audit.
Central banks' gold suppression will fail, maybe any day now, Sprott tells KWN
Submitted by cpowell on Wed, 2015-01-28 20:52 Section: Daily Dispatches8:50p ET Wednesday, January 28, 2015
Dear Friend of GATA and Gold:
Volatility in currencies signals that central banks are losing control while investors increasingly move into physical gold, straining central bank supplies to the market, Sprott Asset Management founder Eric Sprott tells King World News tonight.
Central banks irrelevant? Doug Casey says yes but his chief economist disagrees
Submitted by cpowell on Wed, 2015-01-28 19:19 Section: Daily Dispatches7:19p ET Wednesday, January 28, 2015
Dear Friend of GATA and Gold:
NY Fed's auxiliary gold vault may be JPM's and a device of foreign policy
Submitted by cpowell on Wed, 2015-01-28 16:37 Section: Daily Dispatches4:35p ET Wednesday, January 28, 2015
Dear Friend of GATA and Gold:
Singapore becomes ninth country to weaken currency this month
Submitted by cpowell on Wed, 2015-01-28 08:19 Section: Daily DispatchesSingapore Dollar Is Weakest Since 2010
By Sharon Chen
Bloomberg News
Wednesday, January 28, 2015
SINGAPORE -- Singapore unexpectedly eased monetary policy, sending the currency to the weakest since 2010 against the U.S. dollar as the country joined global central banks in shoring up growth amid dwindling inflation.
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