Daily Dispatches

China is maneuvering to get its currency included in IMF's super-currency

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China Currency Push Takes Aim at Dollar

By David Marsh
USA Today, Tyson's Corner, Virginia
Tuesday, October 7, 2014

http://www.usatoday.com/story/money/business/2014/10/07/china-currency-p...

Gold initiative would hamper policy, Swiss government says

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Yes, guys, that's the point, in case you didn't notice.

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By Catherine Bosley
Bloomberg News
Tuesday, October 7, 2014

http://www.bloomberg.com/news/2014-10-07/swiss-gold-initiative-would-ham...

China wants say in 'price discovery' in everything

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Time to Focus on Chinese Derivatives

By William Barkshire
Financial Times, London
Tuesday, October 7, 2014

http://www.ft.com/intl/cms/s/0/5514b5dc-4e02-11e4-adfe-00144feab7de.html

There have been many false dawns in the progress to open up China's participation in global capital markets.

Russia, South Africa in talks to support platinum price

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Why not? OPEC itself was formed in part to counter Western control of the currency markets, one cartel giving rise to a counter-cartel.

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By Yuliya Fedorinova and Andre Janse van Vuuren
Bloomberg News
Tuesday, October 7, 2014

http://www.bloomberg.com/news/2014-10-07/russia-south-africa-seek-to-sup...

NYTimes: Big banks face another round of U.S. charges over currency market rigging

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By Ben Protess and Jessica Silver-Greenberg
The New York Times
Monday, October 6, 2014

The Justice Department is preparing a fresh round of attacks on the world's biggest banks, again questioning Wall Street's role in a broad array of financial markets.

More tape painting in gold by the central planners, Turk tells KWN

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12:16a ET Tuesday, October 7, 2014

Dear Friend of GATA and Gold:

Friday's smash of the gold futures price, GoldMoney founder and GATA consultant James Turk tells King World News, was another typical tape-painting operation by the central planners for short-term psychological purposes. An excerpt from the interview is posted at the KWN blog here:

Glencore plans massive merger with Rio Tinto

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By Matthew Campbell, Zijing Wu, and Jesse Riseborough
Bloomberg News
Monday, October 6, 2014

Glencore Plc is laying the groundwork for a potential merger with Rio Tinto Group (RIO) in the next year that would create the world’s largest mining company, worth about $160 billion, according to people familiar with the situation.

Financial letter writer Ron Rosen takes gold price suppression for granted

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5:10p ET Monday, October 6, 2014

Dear Friend of GATA and Gold:

Sprott, Rule, Embry discuss metals' prospects and you can join them

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4:20p ET Monday, October 6, 2014

Dear Friend of GATA and Gold:

Sprott Asset Management's Eric Sprott, Rick Rule, and John Embry will get together for an hour at 2 p.m. ET Tuesday to discuss the prospects for the precious metals, and you can join them via the Internet. Just register here:

At KWN, Embry dissects phony U.S. job report

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4p ET Monday, October 6, 2014

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry today tells King World News about the phoniness and contrivances of the latest U.S. jobs report and says the data manipulation is part of a scheme to support the U.S. dollar and the U.S. stock market. An excerpt from Embry's commentary is posted at the KWN blog here:

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