Thursday, January 6, 2011

GATA UPDATE (4 Articles)

Brazil says it won't let U.S. 'melt the dollar'
Submitted by cpowell on 05:30PM ET Wednesday, January 5, 2011

By Robin Yapp
The Telegraph, London
Wednesday, January 5, 2011

SAO PAULO, Brazil -- Brazil has sounded a new note of warning in the international "currency war" by pledging not to allow the United States to "melt the dollar."

Kansas City Fed president calls gold standard 'very legitimate'
Submitted by cpowell on 05:43PM ET Wednesday, January 5, 2011

From Reuters
Wednesday, January 5, 2011

KANSAS CITY, Missouri -- A gold standard that forces countries to back their currency reserves with bullion is a "legitimate" monetary system, though it would not prevent financial crises, Kansas City Federal Reserve President Thomas Hoenig said on Wednesday.

Return of gold standard is now respectable issue, Rickards tells King World News
Submitted by cpowell on 05:33AM ET Thursday, January 6, 2011

8:30a ET Thursday, January 6, 2011

Dear Friend of GATA and Gold:

Peter Brimelow: Gold is pole-axed but bugs (and others) are calm
Submitted by cpowell on 05:47AM ET Thursday, January 6, 2011

By Peter Brimelow
Thursday, January 6, 2011

NEW YORK -- Gold gets pole-axed, but the radical gold bugs, and even some more orthodox observers, remain


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