Daily Dispatches

Even China can't kill bitcoin

Section:

By Elaine Ou
Bloomberg News
Thursday, February 23, 2017

Every time a government sets out to abolish something people like, the well-liked thing moves to where it can't be stopped. This has happened with prohibition, gambling, the war on drugs, and digital piracy. Now it's happening in China, where the government has been trying to crack down on bitcoin.

Treasury eyeing issuance of 100-year U.S. government debt

Section:

By Joe Rennison
Financial Times, London
Thursday, February 23, 2017

NEW YORK -- Steven Mnuchin, U.S. Treasury secretary, said today that his staff have begun to look into issuing U.S. government debt with maturities of as long as 50 or 100 years.

Trump suggests he wants a weak dollar to help U.S. exporters

Section:

By Jacob Pramuk
CNBC, New York
Thursday, February 23, 2017

President Donald Trump signaled today that he wants to keep the U.S. dollar's value lower to aid American companies selling products abroad.

Embry notes desperation to keep silver below $18

Section:

1:59p ET Thursday, February 23, 2017

Dear Friend of GATA and Gold:

London Metal Exchange cuts deal with banks to propel gold futures

Section:

By Peter Hobson
Reuters
Thursday, February 23, 2017

LONDON -- The London Metal Exchange has reached a 50:50 revenue-sharing deal with a company founded by a group of banks to promote trade in its new gold futures contracts, sources said, aiming to overcome market scepticism surrounding their launch in June.

TF Metals Report: Metals capped into FOMC minutes

Section:

11:35a ET Wednesday, February 22, 2017

Dear Friend of GATA and Gold:

China's $9 trillion moral hazard is now too big to ignore

Section:

From Bloomberg News
Wednesday, February 22, 2017

China may be about to embark on its most ambitious -- and perilous -- campaign to convince investors that they shouldn’t depend on a bailout when markets go south.

Turk sees indications of imminent short squeeze in silver

Section:

10:50a ET Tuesday, February 21, 2017

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk, in comments posted today at King World News, describes indications of an imminent short squeeze in silver as investment banks that are short the metal struggle to keep it below $18. Turk's comments are posted at KWN here:

Chinese firm said to have used tungsten to manufacture fake gold bars

Section:

Shanghai Gold Exchange Denies Connection with Fraudulent Manufacturer

By Leng Cheng
Shanghai Daily
Tuesday, February 21, 2017

The Shanghai Gold Exchange today denied a media report that it was connected with a supplier that has allegedly cheated loans with fake gold bars.

After seven years of bailouts, Greeks just sink deeper in poverty

Section:

By Karolina Tagaris
Reuters
Monday, February 20, 2017

ATHENS, Greece -- Greek pensioner Dimitra says she never imagined a life reduced to food handouts: some rice, two bags of pasta, a packet of chickpeas, some dates, and a tin of milk for the month.

Syndicate content