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Daily Dispatches
Currency depreciation will keep driving gold up, Embry tells MineWeb
Submitted by cpowell on Wed, 2012-05-30 13:34 Section: Daily Dispatches1:30p ET Wednesday, May 30, 2012
Dear Friend of GATA and Gold:
Interviewed by Geoff Candy at MineWeb, Sprott Asset Management's John Embry says that only market interference has gotten in the way of gold's fundamentals, foremost among which is the growing realization that government currencies soon will be worth a lot less. The interview is posted at MineWeb here:
Vancouver conference offers spectacular cruise next Sunday evening
Submitted by cpowell on Tue, 2012-05-29 22:40 Section: Daily Dispatches10:40p ET Tuesday, May 29, 2012
Dear Friend of GATA and Gold:
Newmont CEO reviews China's gold hunger, depression in mining shares
Submitted by cpowell on Tue, 2012-05-29 16:18 Section: Daily Dispatches4:15p ET Tuesday, May 29, 2012
Dear Friend of GATA and Gold:
Newmont Mining CEO Richard O'Brien today tells King World News that China is scrambling to get all the gold it can. He also speculates on the reasons for the depression in mining shares. An excerpt from the interview is posted at the King World News blog here:
Von Greyerz expects capital controls and QE3 soon
Submitted by cpowell on Tue, 2012-05-29 14:59 Section: Daily Dispatches3p ET Tuesday, May 29, 2012
Dear Friend of GATA and Gold:
If gold is collateral for their bailouts, nations may want a higher gold price
Submitted by cpowell on Tue, 2012-05-29 14:49 Section: Daily DispatchesEurope's Debtors Must Pawn Their Gold for Eurobond Redemption
By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, May 29, 2012
http://www.telegraph.co.uk/finance/financialcrisis/9298180/Europes-debto...
Argentina adds restrictions for travelers buying dollars
Submitted by cpowell on Tue, 2012-05-29 00:38 Section: Daily DispatchesArgentina: More Controls for Buying US Dollars
By the Associated Press
via Seattle (Washington) Post-Intelligencer
Monday, May 28, 2012
http://www.seattlepi.com/news/article/Argentina-More-controls-for-buying...
BUENOS AIRES, Argentina -- Argentina is making it harder for people to buy U.S. dollars to pay for travel abroad.
China's biggest bank wants to get into gold leasing
Submitted by cpowell on Mon, 2012-05-28 13:51 Section: Daily DispatchesWhich means that China's government wants a hand in gold price rigging too.
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China's ICBC Has Big Dreams for Bullion Business
By Fayen Wong
Reuters
Monday, May 28, 2012
http://af.reuters.com/article/metalsNews/idAFL4E8GS2OW20120528
War against gold can be reported only from the East
Submitted by cpowell on Mon, 2012-05-28 10:42 Section: Daily Dispatches10:30a ET Monday, May 28, 2012
Dear Friend of GATA and Gold:
Iran claims to have replaced SWIFT system for international payments
Submitted by cpowell on Sun, 2012-05-27 12:20 Section: Daily DispatchesIran Designs Alternative Aystem for SWIFT, Central Bank Says
From Press TV, Tehran, Iran
Saturday, May 26, 2012
http://presstv.com/detail/2012/05/26/243243/iran-designs-alternative-swi...
Iranian central bank governor Mahmoud Bahmani says the country has designed and implemented a new system for conducting international transactions.
China and Japan almost ready to cut U.S. dollar out of their direct trade
Submitted by cpowell on Sat, 2012-05-26 16:41 Section: Daily DispatchesDirect Yen-Yuan Forex Deal to Start in June
From Yomiuri Shimbum, Tokyo
Sunday, May 27, 2012
http://www.yomiuri.co.jp/dy/business/T120526002702.htm
Japan and China will likely initiate a foreign exchange system in which the yen and the yuan can be directly exchanged starting in June at the earliest, sources have said.
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