Daily Dispatches

GoldPrice.org chart shows metal gained in all major currencies in 15 years

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10:03a ET Friday, January 6, 2017

Dear Friend of GATA and Gold:

GoldPrice.org has posted a chart of gold's performance in major currencies since 2002, and it shows far more green than red and net gains in all of them, ranging from a low of 156 percent in the Chinese yuan and a high of 496 percent in the Indian rupee. The chart is posted here:

Koos Jansen: How the West has been selling gold into a black hole

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9:50a ET Friday, January 6, 2017

Dear Friend of GATA and Gold:

Alasdair Macleod: Fiat money quantity breaks $15 trillion

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By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, January 5, 2017

Bullion Star posts primer on China's especially secretive gold reserves

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10:25a ET Thursday, January 5, 2017

Dear Friend of GATA and Gold:

Bullion Star's latest primer on central bank gold reserves is about China's, which, Bullion Star notes, are among the world's most secret. The primer is posted here:

https://www.bullionstar.com/gold-university/central-bank-gold-policies-p...

CHRIS POWELL, Secretary/Treasurer

China's choices narrowing as it burns through FX reserves to support yuan

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By Nichola Saminather
Reuters
Thursday, January 5, 2017

SINGAPORE -- As China's foreign exchange reserves threaten to tumble below the critical $3 trillion mark, the biggest fear for investors is not whether Beijing can continue to defend the yuan but whether it will set off a vicious cycle of more outflows and currency depreciation.

Bullion Star 'infographic' on gold ETFs shows how they undermine the gold price

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4:03p ET Wednesday, January 4, 2017

Dear Friend of GATA and Gold:

Saville doesn't get it: Rig the gold price and you rig all prices

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3:49p ET Wednesday, January 4, 2017

Dear Friend of GATA and Gold:

Manipulation of the gold market by investment banks, technical analyst Steve Saville writes this week in the Speculative Investor, is not necessarily long-term price suppression:

http://tsi-blog.com/2017/01/market-manipulation-is-not-price-suppression...

'Audit the Fed' bill gets new push under Trump

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By Peter Schroeder
The Hill, Washington, D.C.
Wednesday, January 4, 2017

Controversial legislation to subject the Federal Reserve's monetary policy powers to outside scrutiny is getting new life in Washington.

Rep. Thomas Massie, R-Ky., and Sen. Rand Paul, R-Ky., have re-introduced legislation to "audit the Fed" after a similar effort stalled in the last Congress.

U.S. LIBOR breaks above 1 percent for first time since 2009

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By Richard Leong and Dan Burns
Reuters
Wednesday, January 4, 2017

The rate banks charge each other to borrow dollars for three months rose above 1 percent today for the first time since May 2009 as global interest rates extend their climb on expectations of accelerating growth and inflation.

China Inc.'s large dollar debts fuel Beijing's efforts to curb yuan plunge

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By Lingling Wei
The Wall Street Journal
Tuesday, January 3, 2017

BEIJING -- The large pile of foreign debt owed by Chinese companies, from state-owned banks to airlines, is giving added impetus to Beijing's efforts to keep the yuan from falling too steeply against the rallying dollar.

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