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Daily Dispatches
As oil falls against gold, mining profitability will improve, Leeb tells KWN
Submitted by cpowell on Thu, 2014-12-11 04:59 Section: Daily Dispatches11a CET Thursday, December 11, 2014
Dear Friend of GATA and Gold:
Fund manager Stephen Leeb tells King World News that a steady-to-rising gold price against a collapsing oil price likely means greater profitability for gold mining companies. An excerpt from Leeb's interview is posted at the KWN blog here:
HSBC fires head of forex trading in London
Submitted by cpowell on Wed, 2014-12-10 07:42 Section: Daily DispatchesFrom Dow Jones Newswires
via The Australian, Sydney
Wednesday, December 10, 2014
HSBC Holdings Plc has dismissed Stuart Scott, its London-based head of currencies trading, in connection with the global investigations that have led to the bank paying $620 million in fines on both sides of the Atlantic, according to a person familiar with the matter.
So who's making the movie about central banking?
Submitted by cpowell on Wed, 2014-12-10 07:34 Section: Daily DispatchesInvestors Tapped to Fund Gold Fraud Film
By Ben Bland
Financial Times, London
Wednesday, December 10, 2014
JAKARTA, Indonesia -- Two of the world's toughest mining tycoons battle it out with a star geologist, a chancer, and a dictator's children for control of one of the world's largest gold discoveries in the heart of the Indonesian jungle, until it is exposed as a huge fraud.
Indian households said to spend 8% of daily consumption on gold jewellery and coins
Submitted by cpowell on Wed, 2014-12-10 07:27 Section: Daily DispatchesFrom The Times of India, Mumbai
Wednesday, December 10, 2014
KOLKATA, India -- An Indian household spends 8 percent of its daily consumption on gold jewellery and coins, which is only marginally behind medical expenses and education, according to a joint report by industry body Ficci and the World Gold Council.
Mexico vows to sell dollars to halt peso's slide
Submitted by cpowell on Wed, 2014-12-10 07:21 Section: Daily DispatchesBy E. Eduardo Castillo
Associated Press
via ABC News, New York
Tuesday, December 8, 2014
MEXICO CITY -- Mexico is ready to intervene in currency markets to fight the peso's fall against the dollar amid concerns over dropping oil prices and a possible increase in U.S. interest rates.
Bron Suchecki: PBOC paper recommends leasing its reserves to manipulate gold price
Submitted by cpowell on Wed, 2014-12-10 06:19 Section: Daily Dispatches12:20p CET Wednesday, December 10, 2014
Dear Friend of GATA and Gold:
The Perth Mint's Bron Suchecki today disputes Bullion Star market analyst and GATA consultant Koos Jansen's interpretation of a 2011 analysis of gold leasing written for the People's Bank of China. (Jansen's commentary is here: https://www.bullionstar.com/blog/koos-jansen/a-close-look-at-the-chinese....)
If a bank is too big, storing gold there is unsafe, von Greyerz tells KWN
Submitted by cpowell on Wed, 2014-12-10 02:54 Section: Daily Dispatches8:50a CET Wednesday, December 10, 2014
Dear Friend of GATA and Gold:
Koos Jansen: Gold leased in China is not double-counted as in the West
Submitted by cpowell on Wed, 2014-12-10 02:48 Section: Daily Dispatches8:45a CET Wednesday, December 10, 2014
Dear Friend of GATA and Gold:
Danish central bank will devalue without limit to match euro, deputy governor says
Submitted by cpowell on Wed, 2014-12-10 02:40 Section: Daily DispatchesDraghi Stimulus Draws Danish Pledge on Limitless Krone Defenses
By Peter Levring
Bloomberg News
Tuesday, December 9, 2014
COPENHAGEN, Denmark -- As Mario Draghi tries to pump as much as 1 trillion euros ($1.23 trillion) of liquidity into the euro area, a little nation on Europe's northern rim is preparing its defense of a 30-year-old currency regime.
Chris Powell: Gold market manipulation -- Why, how, and how long?
Submitted by cpowell on Tue, 2014-12-09 18:00 Section: Daily DispatchesRemarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
German Precious Metal Society and the Foundation for Liberty and Ratio
Hotel Bayerischer Hof, Munich, Germany
Tuesday, December 9, 2014
Thank you for coming here tonight even though I can speak only English. I'm afraid that when it comes to German I don't know scheisse.
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