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Daily Dispatches
Swiss National Bank shocks markets by scrapping peg to euro
Submitted by cpowell on Thu, 2015-01-15 08:46 Section: Daily DispatchesBy Alice Baghdjian and Silke Koltrowitz
Reuters
Thursday, January 15, 2015
ZURICH, Switzerland -- The Swiss National Bank shocked financial markets today by scrapping a 3-year-old cap on the franc, sending the safe-haven currency soaring through the 1.20 per euro limit and stoking fears about the export-reliant Swiss economy.
Kaye notes Russian gas cutoff, sees sovereign bids for gold at $1,205
Submitted by cpowell on Wed, 2015-01-14 23:55 Section: Daily Dispatches11:55p ET Wednesday, January 14, 2015
Dear Friend of GATA and Gold:
Banks' withdrawal opens doors for niche financiers in gold sector
Submitted by cpowell on Wed, 2015-01-14 20:22 Section: Daily DispatchesBy Silvia Antonioli and Clara Denina
Reuters
Wednesday, January 14, 2015
LONDON -- Struggling gold miners are turning increasingly to alternative sources of finance for funds as banks and equity investors shy away.
Gold sector's bad bets wiping out lifetime earnings -- and investor confidence
Submitted by cpowell on Wed, 2015-01-14 20:16 Section: Daily DispatchesBy Peter Koven
National Post, Toronto
Wednesday, January 14, 2015
TORONTO -- Goldcorp Inc. could soon join an inglorious group: large gold miners that have a net loss to show for their entire history as corporate entities.
GATA reception follows Vancouver conference Jan. 19
Submitted by cpowell on Wed, 2015-01-14 12:13 Section: Daily Dispatches12:13p ET Wednesday, January 14, 2014
Dear Friend of GATA and Gold:
Does gold production by marginal mines compare to 'production' by central banks?
Submitted by cpowell on Wed, 2015-01-14 11:47 Section: Daily Dispatches11:57a ET Wednesday, January 14, 2015
Dear Friend of GATA and Gold:
The Perth Mint's Bron Suchecki argues today that gold's price is being kept down in large part because too many marginal mines remain in operation.
Banks desperate to quell excitement in monetary metals sector, Embry says
Submitted by cpowell on Tue, 2015-01-13 20:11 Section: Daily Dispatches8:11p ET Tuesday, January 13, 2015
Dear Friend of GATA and Gold:
UAE says OPEC price cut aims to suppress North American shale oil production
Submitted by cpowell on Tue, 2015-01-13 09:59 Section: Daily DispatchesUAE Says OPEC Will No Longer Shore Up Oil Price
From Agence France-Presse
via Yahoo News
Tuesday, January 13, 2015
ABU DHABI, United Arab Emirates -- The United Arab Emirates said on Tuesday that OPEC will no longer move to shore up crude prices, arguing that rising North American shale oil output needs to be curbed.
Deflation in Europe, hyperinflation in U.S., Turk tells KWN
Submitted by cpowell on Mon, 2015-01-12 21:16 Section: Daily Dispatches9:15p ET Monday, January 12, 2015
Dear Friend of GATA and Gold:
T.F. Metals Report: How they did it
Submitted by cpowell on Mon, 2015-01-12 13:01 Section: Daily Dispatches1p ET Monday, January 12, 2015
Dear Friend of GATA and Gold:
This could be the year when demand for real metal overwhelms the gold paper system of the Western bullion banks, the T.F. Metals Report's Turd Ferguson argues today. His commentary is headlined "How They Did It" and it's posted here:
http://www.tfmetalsreport.com/blog/6520/how-they-did-it
CHRIS POWELL, Secretary/Treasurer
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