Daily Dispatches

New chief of U.S. Exchange Stabilization Fund condemns currency manipulation

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No one seems to have asked her what the Treasury Department's Exchange Stabilization Fund is for if not currency manipulation, nor why more than $600 billion was added to it a few weeks ago unless more currency manipulation was contemplated. Such is American politics, and such is financial journalism.

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Janet Yellen Vows to Take Hard Line Against Currency Manipulation

Hugo Salinas Price: The coming gold rush

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9:20p ET Tuesday, January 19, 2021

Dear Friend of GATA and Gold:

Hugo Salinas Price, president of the Mexican Civic Association for Silver, tonight notes that no amount of "not-for-profit" selling of masses of gold futures contracts can prompt the analysts of Kitco.com to acknowledge that governments are desperately trying to suppress the price of the monetary metal.

Pam and Russ Martens: Yellen is set to inherit a lot of power, thanks to stealthy changes in law

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By Pam and Russ Martens
Wall Street on Parade
Monday, January 18, 2021

Yellen to make clear U.S. doesn't seek weak dollar

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By Kate Davidson
The Wall Street Journal
Sunday, January 17, 2021

WASHINGTON -- Janet Yellen is expected to affirm the United States' commitment to market-determined exchange rates when she testifies on Capitol Hill Tuesday, and she will make clear the U.S. doesn't seek a weaker dollar for competitive advantage, according to Biden transition officials familiar with her hearing preparation.

Ronan Manly: The staggering levels of real 'inflation-adjusted' gold and silver prices

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8:07p ET Sunday, January 17, 2021

Dear Friend of GATA and Gold:

Bullion Star researcher Ronan Manly reports tonight that if gold and silver prices had kept pace with real inflation, disregarding the sham calculations long used by the U.S. Bureau of Labor Statistics, the gold price would be nearly $21,000 and the silver price nearly $1,000.

GATA Chairman Murphy and gold investor Joe Grande interviewed by Arcadia Economics

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1:13p ET Sunday, January 17, 2021

Dear Friend of GATA and Gold:

Canaccord Genuity portfolio manager acknowledges gold price suppression

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11:16a ET Sunday, January 17, 2021

Dear Friend of GATA and Gold:

Has any executive at the big Canadian investment house, Canaccord Genuity in Vancouver, ever publicly acknowledged gold price manipulation and suppression? We don't recall any, but there is one now.

EU plans to limit U.S. dollar reliance and boost euro

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By Kit Rees and Viktoria Dendrinou
Bloomberg News
Saturday, January 16, 2021

The European Union has set out plans to strengthen the international role of the euro as it seeks to erode the dominance on the U.S. dollar and lessen the bloc's vulnerability to financial risks, including U.S. sanctions.

Henry Mance: Help! Anyone remember my bitcoin password?

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By Henry Mance
Financial Times, London
Friday, January 15, 2021

https://www.ft.com/content/c4ed7903-8678-4f4f-ad5e-9048d03ff9a1

Alasdair Macleod: The destructive force and failure of QE

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, January 14, 2021

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