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Daily Dispatches
New York Sun: The fiat kilogram
Submitted by cpowell on Fri, 2011-02-11 21:50 Section: Daily Dispatches9:46p ET Friday, February 11, 2011
Dear Friend of GATA and Gold:
If the dollar can float, The New York Sun asks in an editorial today, why not the kilogram as well? Both are supposed to be measures, but without constancy the dollar is really no measure at all. The Sun's editorial is headlined "The Fiat Kilogram" and you can find it here:
Possible shift from paper gold to real sneaks into bottom of FT story
Submitted by cpowell on Fri, 2011-02-11 17:22 Section: Daily DispatchesGold ETF Outflows and Shifts in Investor Sentiment
By Chris Flood
Financial Times, London
Friday, February 11, 2011
http://www.ft.com/cms/s/0/03694836-35e9-11e0-b67c-00144feabdc0.html#axzz...
Large outflows from precious metals exchange traded funds since the start of the year have left some analysts questioning if investor sentiment towards gold and silver could be shifting.
Bullion banks get FT's help in trying to talk silver down
Submitted by cpowell on Fri, 2011-02-11 17:10 Section: Daily DispatchesMiners Hedge against Fall in Silver
By Jack Farchy
Financial Times, London
Tuesday, February 8, 2011
http://www.ft.com/cms/s/0/937e5dba-33cf-11e0-b1ed-00144feabdc0.html#axzz...
Silver mining companies have begun to buy insurance against a sharp drop in prices after years during which hedging fell out of favour.
Western journalists are clueless about gold, Cazenove's Griffiths says
Submitted by cpowell on Fri, 2011-02-11 08:35 Section: Daily Dispatches8:30a ET Friday, February 11, 2011
Dear Friend of GATA and Gold:
No wonder Vietnam can never get enough gold
Submitted by cpowell on Fri, 2011-02-11 08:17 Section: Daily DispatchesVietnam Devalues Dong Again in Step to Alleviate Woes
By John Ruwitch and Ngo Thi Ngoc Chau
Reuters
Friday, February 11, 2011
http://www.reuters.com/article/2011/02/11/vietnam-economy-currency-idUSS...
Dutch pension fund ordered by central bank to sell gold
Submitted by cpowell on Thu, 2011-02-10 22:14 Section: Daily DispatchesFrom The Associated Press
via Bloomberg News
Thursday, February 10, 2011
http://www.bloomberg.com/news/2011-02-10/dutch-central-bank-pension-fund...
AMSTERDAM, Netherlands -- A pension fund in the Netherlands says the country's central bank has ordered it to sell its gold holdings because it is overexposed to a fall in the value of the yellow metal.
Unprecedented backwardation for silver, Turk tells King World News
Submitted by cpowell on Thu, 2011-02-10 17:51 Section: Daily Dispatches5:47p ET Thursday, February 10, 2011
Dear Friend of GATA and Gold (and Silver):
Dutch govt. orders pension fund to sell gold, Zero Hedge says
Submitted by cpowell on Thu, 2011-02-10 12:04 Section: Daily Dispatches12:02p ET Thursday, February 11, 2011
Dear Friend of GATA and Gold:
Zero Hedge today reports that the Netherlands government has ordered a pension fund to sell most of its gold holdings on the grounds that the gold price fluctuates too much for gold to qualify as a proper investment. The Zero Hedge report can be found here:
Perth Mint, Scotia out of hundred-ounce silver bars, KWN says
Submitted by cpowell on Thu, 2011-02-10 11:52 Section: Daily Dispatches11:36a ET Thursday, February 10, 2011
Dear Friend of GATA and Gold (and Silver):
King World News reports today that the Perth Mint has no inventory of hundred-ounce silver bars and expects none until the end of March and that such bars remain unavailable at Scotia Mocatta as well. The King World News report can be found here:
Warsh, who confirmed gold swaps, to leave Fed next month
Submitted by cpowell on Thu, 2011-02-10 11:46 Section: Daily DispatchesKevin Warsh Plans to Resign From Fed's Board of Governors
By Sewell Chan
The New York Times
Thursday, February 10, 2011
http://www.nytimes.com/2011/02/11/business/economy/11fed.html
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