8:07p ET Friday, July 30, 2010
Dear Friend of GATA and Gold:
If you want to believe the Financial Times, the 346 tonnes of gold swaps recently undertaken surreptitiously by the Bank for International Settlements were a matter of the BIS’ requiring three of the world’s biggest banks to pledge gold as collateral against U.S. dollar deposits [...]
8:35a ET Friday, July 30, 2010
Dear Friend of GATA and Gold:
Sprott Asset Management’s chief investment strategist, John Embry, writes that gold is near a parabolic move up because of worldwide monetary mismanagement and the diminishment of central bank gold reserves with which to suppress the metal’s market price. Embry’s commentary appears in the latest issue [...]
Friday, 30 Jul 2010
After hitting a three month high against the U.S. dollar in trading yesterday, the euro took some slight losses last night, falling some 30 pips against the greenback. The overall trend for EUR/USD is still up, especially ahead of the U.S. Advance GDP figure, [...]