You are here

Daily Dispatches

Central banks smashed gold ahead of Swiss devaluation, Davies says

Section: Daily Dispatches

5:14p ET Tuesday, September 6, 2011

Dear Friend of GATA and Gold (and Silver):

Hinde Capital CEO Ben Davies today remarks to King World News about the suspicious pounding of gold in the minutes just prior to the announcement of the Swiss franc's devaluation, which would have seemed hugely supportive of gold as the only remaining safe-haven currency.

'Gold is the only safe-haven asset that will not do QE, put in capital controls, or complain'

Section: Daily Dispatches

Incisive comment, Mr. Bloom. But have you passed it along to your firm's gold derivatives desk?

* * *

Switzerland Abandons Floating Exchange Rate in Dramatic 'Currency War' Twist

By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, September 6, 2011

As Swiss devalue their franc, gold may be last currency standing

Section: Daily Dispatches

Another Reason to Buy Gold: Franc Losing Safety Status

By Jeff Cox
CNBC.com
Tuesday, September 6, 2011

http://www.cnbc.com/id/44410858

Just as talk had begun to intensify about a gold bubble building, the metal got another boost today when the Swiss National Bank announced measures to decrease the value of the franc.

GLD trading today at a 2 percent discount to gold

Section: Daily Dispatches

1:40p ET Tuesday, September 6, 2011

Dear Friend of GATA and Gold:

Asian exchange will kill London shorts, Andrew Maguire tells King World News

Section: Daily Dispatches

12:08p ET Tuesday, September 6, 2011

Dear Friend of GATA and Gold (and Silver):

Today's intervention against gold was as brazen as the intervention against the Swiss franc

Section: Daily Dispatches

But no central bank acknowledged the intervention against gold. It is still a covert action in the currency war. At least the currency war itself is starting to be acknowledged.

* * *

Swiss Draw Line in the Sand to Cap Runaway Franc

By Emma Thomasson and Catherine Bosley
Reuters
Tuesday, September 6, 2011

More Beijing embassy cables show China sees gold as central in currency war

Section: Daily Dispatches

9:17p ET Monday, September 5, 2011

Dear Friend of GATA and Gold:

More news media-monitoring cables from the U.S. Embassy in Beijing to the State Department in Washington show that both China's government and the nation's financial press, tightly controlled by the government, consider gold to be the main weapon in a world currency war that is under way.

Murphy's 'Midas' commentary notes GATA's long emphasis on China

Section: Daily Dispatches

9:46p ET Sunday, September 4, 2011

Dear Friend of GATA and Gold:

Hugo Salinas Price's presentation to GATA's London conference

Section: Daily Dispatches

5:22p ET Sunday, September 4, 2011

Dear Friend of GATA and Gold (and Silver):

Pages