Daily Dispatches

Sprott Gold Miners ETF hits $100 million in assets

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By 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

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By 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

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By 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

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From 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

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12:34p 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

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By 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

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By 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.

USAWatchdog interviews GATA secretary about secret trading by central banks

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8:55p ET Sunday, December 21, 2014

Dear Friend of GATA and Gold:

Koos Jansen: Will Chinese gold demand end 2014 with a boom?

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6:20p ET Sunday, December 21, 2014

Dear Friend of GATA and Gold:

Liam Halligan: Volatile Russia could be bad news for everyone

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By Liam Halligan
The Telegraph, London
Saturday, December 20, 2014

"Be careful what you wish for, because you just might get it."

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