Daily Dispatches

Kosares has 10 gold charts that won't make CNBC; TF reviews futures maneuvers

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4:55p ET Friday, February 6, 2015

Dear Friend of GATA and Gold:

USAGold's Mike Kosares today provides 10 gold price charts that, he confidently predicts, will never be shown on CNBC because they put the monetary metal in a surprisingly favorable light:

http://www.usagold.com/publications/Mar2015R&O.html

Koos Jansen: Shanghai gold offtake in January was 'staggering'

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3p ET Friday, February 6, 2015

Dear Friend of GATA and Gold:

Bullion Star market analyst and GATA consultant Koos Jansen reports today that withdrawals from the Shanghai Gold Exchange in January were a "staggering" 255 tonnes, up 4 percent from last January. Jansen's analysis is posted at Bullion Star here:

Spectacular volatility in currencies means spectacular derivatives losses, Sprott says

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2:10p ET Friday, February 6, 2015

Dear Friend of GATA and Gold:

Fund manager Eric Sprott tells King World News today that the spectacular volatility in currency markets must be causing spectacular losses in derivative instruments that will be defaulted upon. Another financial house collapse may be imminent, Sprott says. His interview is posted at the KWN blog here:

Alasdair Macleod: Sovereign bonds won't stay up forever

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By Alasdair Macleod
Research Director, GoldMoney
Friday, February 6, 2015

Another central bank pledges 'whatever it takes'

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Danish Central Bank Fiercely Defends Currency Peg

By Richard Milne
Financial Times, London
Friday, February 6, 2015

Denmark's central bank governor pledged to face down speculators testing its currency peg to the euro, saying he would do "whatever it takes" to defend it.

New York Sun: The Fed's right mind?

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From the New York Sun
Friday, February 6, 2015

William Pesek: Is China preparing for currency war

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By William Pesek
Bloomberg News
Friday, February 6, 2015

China has entered the global monetary-easing fray, along with more than a dozen other economies, after its central bank surprised investors by cutting reserve requirements 50 basis points to spur lending and combat deflation. But Beijing may be raring for an even bigger and more perilous fight -- in the currency markets.

Federal Reserve fires back at Rand Paul

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By Kevin Cirilli
The Hill, Washington
Thursday, February 5, 2015

The Federal Reserve is lashing out at Sen. Rand Paul's plan to give Congress more oversight over the central bank, a proposal that could gain traction in the new Republican-led Congress.

Obituary and funeral details for Got Gold Report's Gene Arensberg

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9:30p ET Thursday, February 5, 2015

Dear Friend of GATA and Gold:

Koos Jansen: Gold repatriation concerns in Belgium?

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10:11a ET Thursday, February 5, 2015

Dear Friend of GATA and Gold:

Bullion Star market analyst and GATA consultant Koos Jansen today notes conflicting reports about gold reserve repatriation by Belgium. In any case, Jansen writes, central banks seem to be getting more concerned about the security of their foreign-vaulted gold. His commentary is posted at Bullion Star here:

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