Daily Dispatches

Alasdair Macleod: Derivatives and mass financial destruction

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11:05a ET Friday, December 19, 2014

Dear Friend of GATA and Gold:

The U.S. government's transferring to itself this month liabilities for defaulted derivatives resulting from bank failures is alarming for the haste with which it was enacted, GoldMoney research director Alasdair Macleod writes today.

Koos Jansen: Russia isn't selling its gold reserves

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8:45a ET Friday, December 19, 2014

Dear Friend of GATA and Gold:

Bullion Star market analyst and GATA consultant Koos Jansen today calls attention to comments this week by Russian President Vladimir Putin indicating that Russia is not selling its gold reserves:

https://www.bullionstar.com/blog/koos-jansen/russia-selling-gold/

Fed grants banks a reprieve from Volcker Rule, their second win this month

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By Jesse Hamilton and Cheyenne Hopkins
Bloomberg News
Thursday, December 18, 2014

WASHINGTON -- Banks, adding to their wins in Washington this month, got a reprieve from the Volcker Rule that will let them hold onto billions of dollars in private-equity and hedge-fund investments for at least two more years.

King World News interviews von Greyerz, Huszar, and Leeb

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3:40p ET Thursday, November 18, 2014

Dear Friend of GATA and Gold:

King World News has interviews with gold fund manager Egon von Greyerz --

http://kingworldnews.com/will-nightmare-scenario-send-silver-500-gold-10...

-- former Federal Reserve official Andrew Huszar --

http://kingworldnews.com/man-u-s-called-upon-execute-qe1-warns-major-cha... --

Bankers see $1 trillion of investments stranded in the oil fields

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By Tom Randall
Bloomberg News
Thursday, December 18, 2014

There are zombies in the oil fields.

After crude prices dropped 49 percent in six months, oil projects planned for next year are the undead -- still standing but with little hope of a productive future. These zombie projects proliferate in expensive Arctic oil, deepwater-drilling regions, and tar sands from Canada to Venezuela.

Switzerland imposes negative interest rates to keep franc from rising

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Interest Rate Cut Shocks Swiss Franc Lower

By Jemima Kelly
Reuters
Thursday, December 18, 2014

LONDON -- The Swiss franc hit a 28-month trough against the dollar and fell against the euro on Thursday after the Swiss National Bank said it would introduce negative interest rates to stop further currency appreciation.

Kaye tells KWN why 2015 will be gold's year

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4:15p ET Wednesday, December 17, 2014

Dear Friend of GATA and Gold:

Hong Kong fund manager William Kaye today tells King World News why he thinks 2015 will be gold's year:

http://kingworldnews.com/top-asian-hedge-fund-manager-predicts-banner-ye...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Pam Martens: Meet your newest legislator -- Citigroup

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By Pam Martens
Wall Street on Parade, New York
Tuesday, December 16, 2014

Traders betting Russia's next move will be to sell gold

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By Debarati Roy
Bloomberg News
Tuesday, December 16, 2014

NEW YORK -- Russia's surprise interest-rate increase failed to stop the plummeting ruble. The next weapon available to repair economic havoc caused by sanctions and falling oil prices: selling gold.

India to weigh gold policy impact after 38% spurt in November imports

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By Suvashree Choudhury and Meenakshi Sharma
Reuters
Tuesday, December 16, 2014

India will weigh the impact of last month's easing of gold import rules after inbound shipments jumped 38 percent in November to push its trade deficit to an 18-month high, Trade Secretary Rajeev Kher said today.

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