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Showing posts with the label GATA | THE GATA DISPATCH (jANUARY 22

GATA | THE GATA DISPATCH (January 22, 2013).: Wall Street's diversionary propaganda; and gold mine production's irrelevance

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Wall Street's diversionary propaganda; and gold mine production's irrelevance Submitted by cpowell on 09:04AM ET Tuesday, January 22, 2013. Section: Daily Dispatches 8:55a PT Tuesday, January 22, 2013 Writing at the Underground Investor, J.S. Kim details and denounces the propagranda from Wall Street that diverts investors from the one asset that protects them, the monetary metals: http://www.theundergroundinvestor.com/2013/01/the-one-chart-that-explain... And at Financial Sense, Robert Blumen dissects the elements acting on the gold price and notes that annual gold mine production has negligible influence, as gold is hoarded, not consumed like other commodities: http://www.financialsense.com/contributors/robert-blumen/misunderstandin... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

GATA | THE GATA DISPATCH (jANUARY 22, 2013).: China can debate market rigging even as West can't

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China can debate market rigging even as West can't Submitted by cpowell on 09:12AM ET Tuesday, January 22, 2013. Section: Daily Dispatches CSRC's Guo Says Stock Intervention Needed at Times, Xinhua Says By Weiyi Lim Bloomberg News Tuesday, January 22, 2013 http://www.bloomberg.com/news/2013-01-22/csrc-s-guo-says-stock-intervene... China's securities regulator said intervention in the nation's stock market is necessary at "key moments" because it isn't mature, the official Xinhua News Agency reported. "Volatility is high, and don't forget, China is still a developing country," Xinhua quoted China Securities Regulatory Commission Chairman Guo Shuqing as saying at a national securities and futures supervision meeting. Net share purchases by China's social security fund were 42.8 billion yuan ($6.9 billion) last year and totaled 42.7 billion yuan by qualified foreign institutional investors, Xinhua cite