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Daily Dispatches
James Howard Kunstler: Bitcoin has replaced gold as the alarm
Submitted by cpowell on Fri, 2017-12-08 14:55 Section: Daily Dispatches2:54p ET Friday, December 8, 2017
Dear Friend of GATA and Gold:
Social critic and novelist James Howard Kunstler writes today that as the cycle of money creation by central banks seems to be winding down, the tax-cutting legislation in Congress is meant to keep pumping money into equities and bonds to avoid a worldwide financial collapse.
Sharps Pixley's Williams cites Ted Butler and GATA's Ed Steer
Submitted by cpowell on Fri, 2017-12-08 12:45 Section: Daily Dispatches12:44p ET Friday, December 8, 2017
Dear Friend of GATA and Gold:
Alasdair Macleod: Inflation vs. deflation -- state finances
Submitted by cpowell on Fri, 2017-12-08 10:06 Section: Daily Dispatches10:06a ET Friday, December 8, 2017
Dear Friend of GATA and Gold:
Insider manipulation of bitcoin price may be legal
Submitted by cpowell on Fri, 2017-12-08 07:26 Section: Daily DispatchesThe Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market
By Olga Kharif
Bloomberg News
Friday, December 8, 2017
On Nov. 12 someone moved almost 25,000 bitcoins, worth about $159 million at the time, to an online exchange. The news soon rippled through online forums, with bitcoin traders arguing about whether it meant the owner was about to sell the digital currency.
Stunning swings in bitcoin promise start-and-stop futures sessions
Submitted by cpowell on Thu, 2017-12-07 20:24 Section: Daily DispatchesBy Lily Katz
Bloomberg News
Thursday, December 7, 2017
Bitcoin futures trading looks like it's going to be choppy.
The cryptocurrency's eye-popping rally would have triggered so-called circuit breakers on seven of the past 10 days, pausing or even halting trading to ensure an orderly session, based on rules planned by exchanges.
Reuters mentions 'central bank manipulation'
Submitted by cpowell on Thu, 2017-12-07 20:20 Section: Daily DispatchesSo how about reporting on it?
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Bitcoin Flirts with $16,000, Alarm Bells Ring Louder
By Jemima Kelly and Gertrude Chavez-Dreyfuss
Reuters
Thursday, December 7, 2017
Bitcoin rocketed to a lifetime high just shy of $16,000 today after climbing some 60 percent over one week, intensifying the debate about whether the cryptocurrency is in a bubble about to burst.
Mike Kosares: The gift of gold is peace of mind
Submitted by cpowell on Thu, 2017-12-07 14:38 Section: Daily Dispatches2:35p ET Thursday, December 7, 2017
Dear Friend of GATA and Gold:
Noting the increasing strangeness of the markets, USAGold's Mike Kosares writes today that gold still has a place and a future.
Wall Street banks push back on launch of bitcoin futures
Submitted by cpowell on Thu, 2017-12-07 09:18 Section: Daily DispatchesBy Philip Stafford
Financial Times, London
Thursday, December 7, 2017
The world's largest banks are pushing back on the introduction of bitcoin futures, raising concerns with U.S. regulators that the financial system is ill-prepared for the launch of the contracts as the value of the volatile cryptocurrency has soared.
Bill Murphy: Rocketing bitcoin highlights gold and silver suppression
Submitted by cpowell on Thu, 2017-12-07 09:13 Section: Daily Dispatches"Midas" commentary for Wednesday, December 6, 2017
By Bill Murphy
LeMetropoleCafe.com
Wednesday, December 6, 2017
The gold price was traumatized yesterday by the Gold Cartel's forceful raid, plunging right through important support at $1,270 all the way down to $1,260.
Traders on billion-dollar crypto exchange say they can't withdraw money
Submitted by cpowell on Wed, 2017-12-06 19:44 Section: Daily DispatchesBy Oscar Williams-Grut
Business Insider, New York
Wednesday, December 6, 2017
LONDON -- Customers of cryptocurrency trading platform Bittrex are complaining of problems withdrawing money and say they have been left in the dark by the huge U.S. exchange.
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