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Daily Dispatches
Metals more bullish than COT data, Butler tells King World News
Submitted by cpowell on Sat, 2010-06-19 12:39 Section: Daily Dispatches12:35p ET Saturday, June 19, 2010
Dear Friend of GATA and Gold (and Silver):
Russia pushes again for new reserve currencies
Submitted by cpowell on Sat, 2010-06-19 12:07 Section: Daily DispatchesBy William Mauldin
The Wall Street Journal
Saturday, June 19, 2010
http://online.wsj.com/article/SB1000142405274870412290457531499037419691...
James Turk: Gold's rise against major currencies is accelerating
Submitted by cpowell on Sat, 2010-06-19 11:59 Section: Daily Dispatches11:57a ET Saturday, June 19, 2010
Dear Friend of GATA and Gold:
Dollar peg is dead as China announces yuan's flexibility
Submitted by cpowell on Sat, 2010-06-19 11:40 Section: Daily DispatchesBy Michael Wei and Benjamin Kang Lim
Reuters
Saturday, June 19, 2010
http://www.reuters.com/article/idUSTRE65I11B20100619
BEIJING -- China will gradually make the yuan's exchange rate more flexible, the central bank said on Saturday a week before a G20 summit, strongly suggesting that it was ready to break the currency's 23-month-old dollar peg.
Brien Lundin: Gold's (almost) free at last
Submitted by cpowell on Fri, 2010-06-18 20:07 Section: Daily Dispatches8p ET Friday, June 18, 2010
Dear Friend of GATA and Gold:
Gold not a currency and doesn't pay interest? In Vietnam it is and does
Submitted by cpowell on Thu, 2010-06-17 23:30 Section: Daily DispatchesVietnam's Gold Habit Weighs Down Dong
By Tim Johnson
Financial Times, London
Wednesday, June 16, 2010
http://www.ft.com/cms/s/0/83a29cdc-5cb9-11df-bd7e-00144feab49a.html
HANOI, Vietnam -- Buying 500 Vietnamese taels of gold, a large but not exceptional purchase equivalent to a little under 19 kilogrammes, takes more than 2.5 times that weight in local bank notes.
Jeff Nielson: 50 years of silver price suppression make default inevitable
Submitted by cpowell on Thu, 2010-06-17 22:53 Section: Daily Dispatches10:50p ET Thursday, June 17, 2010
Dear Friend of GATA and Gold (and Silver):
Hugo Salinas Price: The gold standard is the generator and protector of jobs
Submitted by cpowell on Thu, 2010-06-17 22:41 Section: Daily Dispatches10:40p ET Thursday, June 17, 2010
Dear Friend of GATA and Gold:
Hinde Capital's gold report draws on GATA's work
Submitted by cpowell on Thu, 2010-06-17 21:36 Section: Daily Dispatches9:38p ET Thursday, June 17, 2010
Dear Friend of GATA and Gold:
Hinde Capital in London, whose CEO Ben Davies mentioned GATA on CNBC Europe on May 26 (http://www.gata.org/node/8683), has just published a wonderful report on gold that draws on GATA's work. The report is titled "Gold: The Currency of First Resort," and among other things it remarks:
Fed escaping toughest scrutiny as audit bill is negotiated
Submitted by cpowell on Wed, 2010-06-16 16:35 Section: Daily DispatchesBy Andy Sullivan and Kevin Drawbaugh
Reuters
Wednesday, June 16, 2010
http://www.reuters.com/article/idUSTRE6575PN20100616?type=politicsNews
WASHINGTON -- After heavy criticism of its handling of the financial crisis, the Federal Reserve on Wednesday appeared likely to escape the most aggressive congressional scrutiny of its interest rate deliberations.
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