You are here
Daily Dispatches
Ted Butler: The death of liqudity
Submitted by cpowell on Tue, 2011-09-06 17:34 Section: Daily Dispatches5:34p ET Tuesday, September 6, 2011
Dear Friend of GATA and Gold:
Central banks smashed gold ahead of Swiss devaluation, Davies says
Submitted by cpowell on Tue, 2011-09-06 17:17 Section: Daily Dispatches5:14p 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'
Submitted by cpowell on Tue, 2011-09-06 16:53 Section: Daily DispatchesIncisive 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
Submitted by cpowell on Tue, 2011-09-06 16:30 Section: Daily DispatchesAnother 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
Submitted by cpowell on Tue, 2011-09-06 13:41 Section: Daily Dispatches1:40p ET Tuesday, September 6, 2011
Dear Friend of GATA and Gold:
Asian exchange will kill London shorts, Andrew Maguire tells King World News
Submitted by cpowell on Tue, 2011-09-06 12:10 Section: Daily Dispatches12:08p 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
Submitted by cpowell on Tue, 2011-09-06 11:46 Section: Daily DispatchesBut 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
Submitted by cpowell on Mon, 2011-09-05 20:58 Section: Daily Dispatches9:17p 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.
Historic event as gold surges while stock markets tumble, Turk tells King World News
Submitted by cpowell on Mon, 2011-09-05 13:06 Section: Daily Dispatches1p ET Monday, September 5, 2011
Dear Friend of GATA and Gold:
Murphy's 'Midas' commentary notes GATA's long emphasis on China
Submitted by cpowell on Sun, 2011-09-04 21:50 Section: Daily Dispatches9:46p ET Sunday, September 4, 2011
Dear Friend of GATA and Gold:
Pages
