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Feb 14, 2014

Finance Ministry in Netherlands denies what its central bank president admitted: GATA | THE GATA DISPATCH February 14, 2014.

Finance Ministry in Netherlands denies what its central bank president admitted

Submitted by cpowell on 06:51AM ET Friday, February 14, 2014. Section: Daily Dispatches
10:03a ET Friday, February 14, 2014
Dear Friend of GATA and Gold:
GATA's expedition this month to Suriname is causing some uncomfortable prodding for the South American country's former colonial ruler, the Netherlands.
Suriname's largest newspaper, De Ware Tijd, reports today that the Netherlands Ministry of Finance is affecting ignorance of the price-suppressive purpose of the Dutch government's longstanding role in the gold market, a purpose acknowledged in the memoirs of the former president of the Netherlands Central Bank, Jelle Zijlstra, who was simultaneously president of another central bank intimately involved in gold price suppression, the Bank for International Settlements:
The Netherlands was a participant in the London Gold Pool, a mechanism established by the United States, United Kingdom, and six other European countries to control the gold price in the 1960s:
Zijlstra recorded in his memoirs that "gold is artificially kept at a far too low price" at the behest of the U.S. government, which sought support for the dollar against gold and other currencies.
An English translation of today's report from De Ware Tijd is appended.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

FBR | Press Release February 14, 2014: Industrial Production and Capacity Utilization - G.17:


Industrial Production and Capacity Utilization - G.17

Release Date: February 14, 2014
Industrial production decreased 0.3 percent in January after having risen 0.3 percent in December. In January, manufacturing output fell 0.8 percent, partly because of the severe weather that curtailed production in some regions of the country. Additionally, manufacturing production is now reported to have been lower in the fourth quarter; the index is now estimated to have advanced at an annual rate of 4.6 percent in the fourth quarter rather than 6.2 percent. The output of utilities rose 4.1 percent in January, as demand for heating was boosted by unseasonably cold temperatures. The production at mines declined 0.9 percent following a gain of 1.8 percent in December. At 101.0 percent of its 2007 average, total industrial production in January was 2.9 percent above its level of a year earlier. The capacity utilization rate for total industry decreased in January to 78.5 percent, a rate that is 1.6 percentage points below its long-run (1972–2013) average.

Industrial Production and Capacity Utilization: Summary


Seasonally adjusted

To read full report click:  http://www.federalreserve.gov/releases/g17/Current/default.htm

RTTNews Forex Market Update February 14, 2014.

Economic News February 14, 2014.
The lower levels of the Australian dollar exchange rate will help the economy to achieve trend growth, Christopher Kent, Assistant Governor of Reserve Bank of Australia said Friday. (Feb 14, 2014) Full Article 
India's wholesale price inflation weakened sharply in January, and missed economists' expectations, latest data revealed Friday. (Feb 14, 2014) Full Article
Hungary's economy grew at a faster-than-expected pace in the fourth quarter, preliminary data released by the Central Statistical Office showed on Friday. (Feb 14, 2014) Full Article
Import prices in the U.S. unexpectedly saw a modest increase in the month of January, according to a report released by the Labor Department on Friday. (Feb 14, 2014) Full Article
Russia's central bank left the key interest rate unchanged for a sixteenth time on Friday, and signaled policy tightening if inflation surges and the ruble depreciates further. The Bank of Russia Board of Directors, led by Governor Elvira Nabiullina, decided to maintain the key rate at 5.50 percent. The decision was in line with economists' expectations. (Feb 14, 2014) Full Article 
Forex Top Story
Food prices in New Zealand jumped 1.2 percent on month in January, Statistics New Zealand said on Friday - after easing 0.1 percent in December. (Feb 14, 2014) Full Article 
Chinese inflation remained unchanged at the lowest level since last May in January, as the underlying price pressures were subdued, giving leeway for the central bank to loosen policy to kick start a faster recovery. Reflecting moderating demand in global commodity markets, producer prices in China extended its decline for the 23rd month. (Feb 14, 2014) Full Article
German and French economic growth at the end of 2013 exceeded expectations, underpinned by investment and foreign demand, official figures revealed Friday. The data bodes well for the larger euro currency bloc that is struggling to see a stable expansion. According to preliminary data from the Federal Statistical Office, German economic growth accelerated marginally to 0.4 percent. (Feb 14, 2014) Full Article
Euro area economic growth accelerated more-than-expected in the fourth quarter, gaining strength from almost all major economies in the currency bloc. The positive data has reduced the pressure on the central bank to take any immediate remedial measures to cushion growth and counteract slowing inflation. Gross domestic product grew 0.3 percent sequentially. (Feb 14, 2014) Full Article
Commodities
Gold futures continued to rise Friday morning, surging to their highest since early November. (Feb 14, 2014) Full Article
Crude oil futures were little changed Friday morning, hovering just above $100 a barrel amid signs of increased global demand for energy products. (Feb 14, 2014) Full Article
Political News
Belgian Parliament on Thursday overwhelmingly passed an amendment to extend the country's euthanasia law to children, thus paving the way for Belgium to become the first country in the world to legalize the practice to the entire population. (Feb 14, 2014) Full Article 
Currency Alerts
The Australian dollar strengthened against its major rivals in early Asian deals on Friday (Feb 14, 2014) Full Article

The euro turned in mixed against other major currencies in European deals on Friday after data on the region's trade in December and GDP growth in fourth quarter. (Feb 14, 2014) Full Article

Financial and Forex Info | Kitco Latest Gold News February 14, 2014.


Latest Gold NewsNY Time
Gold Surges Above 200-Day Average On Short Covering, Dollar Weakness - Kitco News, Feb 14 2014 7:35AM
Friday's Analytical Charts for Gold, Silver and Platinum and Palladium - Kitco News, Feb 14 2014 9:00AM
BNP Paribas: Market Sensitivity To U.S. Data To Increase - Kitco News, Feb 14 2014 8:31AM
Fed Has No Escape, Gold Headed Higher: Doody - Kitco News, Feb 12 2014 6:29PM
Osisko's Behavior For Hostile Bid 'Bizarre' – Goldcorp CEO - Kitco News, Feb 13 2014 2:11PM
Stock Market Bulls Running Out Of Gas, $1,325 Gold May Not Be Far Off - Kitco News, Feb 13 2014 1:43PM
GBP/USD - Moves To New Multi-Year High Above 1.6670 - Atlanta Journal-Constitution (GA), Feb 14 2014 8:33AM
Gold cracks $1,300; basks in banner week of gains - CNBC, Feb 14 2014 8:29AM
Australia's Newcrest sees very strong physical gold demand - Reuters, Feb 14 2014 7:39AM
Gold Extends Climb Above $1,300 as Investors Boost SPDR Holdings - Bloomberg, Feb 14 2014 7:08AM
Europe Stocks Climb on Growth as Yen Advances With Gold - Bloomberg, Feb 14 2014 7:07AM
Euro-Area Growth Eases Pressure on Draghi for Stimulus: Economy - Bloomberg, Feb 14 2014 7:07AM
Gold Pushes Above $1,300, At 3-Month High, As Bulls Gain More Technical Momentum - Kitco News, Feb 13 2014 1:06PM
Technician: Spot Gold Approaching 200-Day Moving Average - Kitco News, Feb 13 2014 6:31PM

RTTNews Morning Market Briefing February 14, 2014.

Commentary February 14, 2014.
After turning higher over the course of the previous session, stocks could see some further upside in early trading on Friday. The major index futures are currently pointing to a slightly higher open for the markets, with the Dow futures up by 14 points. (Feb 14, 2014) Full Article 
Economic News
Chinese inflation remained unchanged at the lowest level since last May in January, as the underlying price pressures were subdued, giving leeway for the central bank to loosen policy to kick start a faster recovery. Reflecting moderating demand in global commodity markets, producer prices in China extended its decline for the 23rd month. (Feb 14, 2014) Full Article 
German and French economic growth at the end of 2013 exceeded expectations, underpinned by investment and foreign demand, official figures revealed Friday. The data bodes well for the larger euro currency bloc that is struggling to see a stable expansion. According to preliminary data from the Federal Statistical Office, German economic growth accelerated marginally to 0.4 percent. (Feb 14, 2014) Full Article
Euro area economic growth accelerated more-than-expected in the fourth quarter, gaining strength from almost all major economies in the currency bloc. The positive data has reduced the pressure on the central bank to take any immediate remedial measures to cushion growth and counteract slowing inflation. Gross domestic product grew 0.3 percent sequentially. (Feb 14, 2014) Full Article 
Import prices in the U.S. unexpectedly saw a modest increase in the month of January, according to a report released by the Labor Department on Friday. (Feb 14, 2014) Full Article 
Russia's central bank left the key interest rate unchanged for a sixteenth time on Friday, and signaled policy tightening if inflation surges and the ruble depreciates further. The Bank of Russia Board of Directors, led by Governor Elvira Nabiullina, decided to maintain the key rate at 5.50 percent. The decision was in line with economists' expectations. (Feb 14, 2014) Full Article 
Broker Ratings Changes
FBR Capital Markets Upgrades PetroQuest Energy Inc (PQ) To Outperform From Market Perform With $8 Up From $7 Price Target
(Feb 14, 2014)  
Todays WS Events
AIG Q4 13 Earnings Conference Call At 8:00 AM ET
American International Group Inc. (AIG) will host a conference call at 8:00 AM ET on February 14, 2014, to discuss its Q4 13 earnings result. To access the live webcast, log on at http://www.aig.com(Feb 14, 2014)  
Campbell Soup Q2 14 Earnings Conference Call At 9:30 AM ET
Campbell Soup Company (CPB) will host a conference call at 9:30 AM ET on February 14, 2014, to discuss its Q2 14 earnings results. To access the live webcast, log on atinvestor.campbellsoupcompany.com To hear the live call, dial +1 (703) 639-1328, Conference ID: 1630990 A replay of the call can be heard by dialing +1 (703) 925-2533, conference ID: 1630990.(Feb 14, 2014) 
DTE Energy Q4 13 Earnings Conference Call At 9:00 AM ET
DTE Energy Co. (DTE) will host a conference call at 9:00 AM ET on February 14, 2014, to discuss its Q4 13 earnings results. To access the live webcast log on to www.dteenergy.com/investors To listen to the live call, dial (888) 726-2470 (US) or (913) 312-1469 (International), passcode 3326579. (Feb 14, 2014)  
The J. M. Smucker Company Q3 14 Earnings Conference Call At 8:00 AM ET
The J. M. Smucker Company (SJM) will host a conference call at 8:00 AM ET on February 14, 2014, to discuss its Q3 14 earnings results. To access the live webcast, log on atwww.jmsmucker.com/investor-relations A replay of the call can be heard by dialing 888-203-1112 or 719-457-0820, with the passcode 8975321. (Feb 14, 2014)  
VF Corp Q4 13 Earnings Conference Call At 8:30 AM ET
VF Corporation (VFC) will host a conference call at 8:30 AM ET on February 14, 2014, to discuss its Q4 13 earnings results. To access the live webcast, log on at www.vfc.com A replay of the call can be heard by dialing 877-870-5176 (access code: 8653621) (Feb 14, 2014) 

Reuters | Deals Today February 14, 2014: Jos. A. Bank to buy Eddie Bauer for $825 million.


Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Jos. A. Bank to buy Eddie Bauer for $825 million
(Reuters) - Men's clothing retailer Jos. A. Bank Clothiers Inc said it would buy outdoor wear specialist Eddie Bauer for $825 million from private equity firm Golden Gate Capital.
Japan's Rakuten buys chat app Viber for $900 million to expand digital empire
TOKYO (Reuters) - Japanese e-commerce giant Rakuten Inc, controlled by billionaire Hiroshi Mikitani, will buy call and messaging app provider Viber Media Inc for $900 million in a deal that would more than double the number of users in its digital empire.
Exclusive: U.S. Murphy Oil eyes up to $3 billion Asia assets sale - sources
HONG KONG (Reuters) - Murphy Oil Corp is considering selling some of its Asian oil and gas assets in a deal that could fetch up to $3 billion, sources said, as it looks to scale down in the region like some other U.S. energy companies.
Indian phone carriers' airwave bids raise debt concerns
NEW DELHI/MUMBAI (Reuters) - Indian mobile phone carriers, Bharti Airtel Ltd and Idea Cellular , pared early gains on Friday as aggressive spending on airwave purchases raised concerns about debt levels in an industry where margins are relatively low.
How Charter's Time Warner Cable bid woke up a 'sleeping beast'
NEW YORK (Reuters) - Talks between Comcast Corp and Charter Communications Inc over how they could together buy Time Warner Cable Inc quickly soured as the two bickered over price and the feasibility of engineering a split of the No. 2 U.S. cable operator.
Comcast takeover of Time Warner Cable to reshape U.S. pay TV
(Reuters) - Comcast Corp's proposed $45.2 billion takeover of Time Warner Cable Inc could face close scrutiny from U.S. antitrust regulators because of the deal's potential to reshape the country's pay TV and broadband markets.
Oak Hill Capital taps JPMorgan for Jacobson sale: sources
(Reuters) - Private equity firm Oak Hill Capital Partners has hired JPMorgan Chase & Co to explore a sale of logistics provider Jacobson Companies Inc, hoping to fetch as much as $700 million, according to people familiar with the matter.
Chrysler not close to deal on multibillion-dollar Ontario investment
TORONTO (Reuters) - Chrysler Group LLC is more than halfway toward making a deal with the Canadian government on a proposed multibillion-dollar investment to upgrade its two Ontario facilities, including its minivan assembly plant in Windsor, its top executive said on Thursday.
Japanese online gaming firm Nexon's incoming CEO eyes U.S. acquisitions
SAN FRANCISCO (Reuters) - Japanese online gaming firm Nexon Co Ltd will begin to aggressively explore U.S. acquisitions to further a long-standing plan to expand in Western markets, its CEO-elect Owen Mahoney said.
Exclusive: Peugeot in push to finalize Santander lending deal
PARIS (Reuters) - PSA Peugeot Citroen and Banco Santander are close to agreement on a European car loans alliance that the French carmaker plans to unveil alongside a recapitalization deal with Chinese partner Dongfeng, sources said on Thursday.