GATA

JPMorgan, HSBC among dozen banks facing fines for rigging S. African rand

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By Renee Bonorchis and Michael Cohen
Bloomberg News
Wednesday, February 15, 2017

South Africa's antitrust investigators have urged that a dozen banks be fined for colluding and manipulating trades in the rand, potentially becoming the latest in a string of penalties handed to lenders around the world for rigging currencies.

World Gold Council fails to ask Greenspan about central bank intervention against gold

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8:54p ET Saturday, February 18, 2017

Dear Friend of GATA and Gold:

Arizona bill would remove state tax on profit from sale of gold coins

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By Howard Fischer
Arizona Daily Star, Tucson
Sunday, February 12, 2017

PHOENIX, Arizona -- Arguing that federal policies have made paper money "virtually worthless," Arizona lawmakers are moving to allow residents to invest in gold coins and not have to pay state taxes on any profits they make when they sell them.

Investors worldwide could become plaintiffs in class-action suit in UK against bullion banks

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7:57p ET Saturday, February 18, 2017

Dear Friend of GATA and Gold:

Investors in nine countries have responded to the announcement two weeks ago that a British law firm, Leon Kaye Solicitors, is contemplating bringing a class-action lawsuit in the United Kingdom under that country's Competition Act against bullion banks suspected of manipulating the gold and silver markets:

London bullion banks will pretend to be transparent next week

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Banks to Test London Gold-Trading Platform in Transparency Push

By Eddie Van Der Walt
Bloomberg News
Friday, February 17, 2017

Some banks will start testing a new bullion-trading platform next week as part of the London Bullion Market Association's push to make the city's over-the-counter market more modern and transparent.

Ronan Manly: A chink of light into London's gold vaults?

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8:30a ET Friday, February 17, 2017

Dear Friend of GATA and Gold: