Daily Dispatches

Alasdair Macleod: Shorting the yuan is dangerous

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12:16a ET Friday, February 5, 2016

Dear Friend of GATA and Gold:

China doesn't need to devalue its currency, the yuan, GoldMoney research director Alasdair Macleod writes this week. Rather, Macleod writes, China's objective is to weaken the yuan's primary competitor, the U.S. dollar.

Inflation-wracked Venezuela orders bank notes by the planeload

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By Kejal Vyas
Dow Jones News Service
via Morningstar, Chicago, Illinois
Wednesday, February 3, 2016

CARACAS, Venezuela -- Millions of pounds of provisions, stuffed into three-dozen 747 cargo planes, arrived here from countries around the world in recent months to service Venezuela's crippled economy.

Ambrose Evans-Pritchard: Dollar tumbles as Fed rescues China in the nick of time

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By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, February 4, 2016

The US dollar has suffered one of the sharpest drops in 20 years as the Federal Reserve signals a retreat from monetary tightening, igniting a powerful rally for commodities and easing a ferocious squeeze on dollar debtors in China and emerging markets.

London gold market wrestles over future: 'People want the physical, not paper'

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By Henry Sanderson
Financial Times, London
Thursday, February 4, 2016

http://www.ft.com/intl/cms/s/0/a4390aba-c9d4-11e5-a8ef-ea66e967dd44.html

There aren't many places in the UK where you can walk in off the street and buy gold as a retail customer. A new store in London's St James's Street a stone's throw from the Ritz wants shoppers.

USA Watchdog's Greg Hunter interviews Hugo Salinas Price on gold revaluation

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8:54p ET Wednesday, February 3, 2016

Dear Friend of GATA and Gold:

NY Fed prez hints it's one-and-done for interest rate hikes

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Dudley Flags Tight Conditions Ahead of Fed Meeting

Sam Fleming and Robin Wigglesworth
Financial Times, London
Wednesday, February 3, 2016

Global financial conditions have tightened markedly since the Federal Reserve lifted interest rates in December and the central bank will have to take that into account if the situation persists into March, the president of the New York Fed has said.

Gold figures heavily in Lars Schall's tremendous interview with Ronnie Stoeferle

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7:50p ET Wednesday, February 3, 2016

Dear Friend of GATA and Gold:

Japanese central banker claims omnipotence for devaluing currency

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Go, Haruhiko, go!

* * *

'No Limit' to Japan Easing, Says Kuroda

By Robin Harding
Financial Times, London
Wednesday, February 3, 2016

TOYKO -- Haruhiko Kuroda said there was "no limit" to monetary easing as he vowed to slash Japanese interest rates deeper into negative territory if necessary.

China's gold production falls as demand rises

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China 2015 Gold Output Dips 0.4%, Consumption Rises

By David Stanway
Reuters
Wednesday, February 3, 2016

China, the world's top gold miner and consumer, produced 450.05 tonnes of the precious metal in 2015, down 0.4 percent from a year earlier, the country's gold industry body said today.

TF Metals Report: Connecting the Comex dots

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7:20p ET Tuesday, February 2, 2016

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson today finds what seems like confirmation that Comex gold deliveries are just metal passed back and forth among the same bullion banks -- a charade. Ferguson's commentary is headlined "Connecting the Comex Dots" and it's posted at the TF Metals Report here:

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