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Daily Dispatches
Informal capital controls arrest Russian ruble's slide
Submitted by cpowell on Tue, 2014-12-23 10:20 Section: Daily DispatchesBy Darya Korsunskaya, Elena Fabrichnaya, and Lidia Kelly
Reuters
Tuesday, December 23, 2014
MOSCOW -- The Russian rouble hit its highest levels in two weeks on Tuesday, shored up by informal capital control measures designed to head off a repeat of the galloping inflation and mass protests that marked Russia's 1998 financial crisis.
Could Russia back its currency with gold?
Submitted by cpowell on Tue, 2014-12-23 08:47 Section: Daily DispatchesBy Matt Clinch
CNBC.com, New York
Tuesday, December 23, 2014
Russia's government could still be pushed into using its gold reserves to bolster the falling ruble, currency experts have forecast.
Russia raises gold reserves for eighth month, Ukraine cuts again
Submitted by cpowell on Tue, 2014-12-23 08:38 Section: Daily DispatchesBy A. Ananthalakshmi
Reuters
Monday, December 22, 2014
Russia raised its gold reserves for the eighth month in a row in November, while Ukraine reduced its bullion holdings for a second straight month, according to International Monetary Fund data released on Tuesday.
Sprott Gold Miners ETF hits $100 million in assets
Submitted by cpowell on Mon, 2014-12-22 20:36 Section: Daily DispatchesBy Tom Lydon
ETFTrends.com, Irvine, California
Monday, December 22, 2014
One of the newest entrants to the gold miners exchange traded funds arena is proving to be successful. The Sprott Gold Miners ETF (SGDM) has eclipsed $100 million in assets under management, according to a statement issued today.
Ambrose Evans-Pritchard: China quietly joins Asia's currency wars to avert deflation
Submitted by cpowell on Mon, 2014-12-22 20:03 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, December 22, 2104
China has for the first time warned openly about the excessive strength of the Chinese yuan, a sign that the country may be shifting its exchange rate policy as deflation takes hold and currencies slide across Asia.
Yuan-ruble swap shows China challenging IMF as emergency lender
Submitted by cpowell on Mon, 2014-12-22 14:28 Section: Daily DispatchesBy Ye Xie
Bloomberg News
Monday, December 22, 2014
China is stepping up its role as the lender of last resort to some of the world's most financially strapped countries.
$300,000 in gold missing from Ukraine Central Bank, swapped for lead bricks
Submitted by cpowell on Mon, 2014-12-22 12:39 Section: Daily DispatchesFrom Russia Today, Moscow
Monday, December 22, 2014
Cunning fraudsters have conned the Ukraine Central Bank branch in Odessa into buying $300,000 worth of gold that turned out to be lead daubed with gold paint.
"A criminal case has been opened and we are now carrying out an investigation to identify those involved in the crime," a spokesman for the Odessa police force is quoted by Vesti.
No price discovery, just misinformation, Embry tells KWN
Submitted by cpowell on Mon, 2014-12-22 12:35 Section: Daily Dispatches12:34p ET Monday, December 22, 2014
Dear Friend of GATA and Gold:
There's no price discovery in markets anymore because they're so manipulated, Sprott Asset Management's John Embry tells King World News today, adding that the mainstream news media are full of financial misinformation:
http://kingworldnews.com/propaganda-alive-well-situation-west-continues-...
UK to extend Libor manipulation laws to cover gold, oil, silver
Submitted by cpowell on Mon, 2014-12-22 12:30 Section: Daily DispatchesBy William James
Reuters
Monday, December 22, 2014
LONDON -- Britain will widen the scope of laws that make the manipulation of market benchmarks a criminal offense to include seven more rates covering the currency, gold, oil, and silver markets by April 1, the government said Monday.
Ron Paul: Janet Yellen's Christmas gift to Wall Street
Submitted by cpowell on Sun, 2014-12-21 22:33 Section: Daily DispatchesBy Ron Paul
Ron Paul Institute for Peace and Prosperity, Clute, Texas
Sunday, December 21, 2014
Last week we learned that the key to a strong economy is not increased production, lower unemployment, or a sound monetary unit. Rather, economic prosperity depends on the type of language used by the central bank in its monetary policy statements.
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