GATA

U.S. gold ETF delivers first physical bullion coins; holdings grow

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By Frank Tang
Reuters
Wednesday, July 23, 2014

NEW YORK -- Merk Gold Trust, a bullion-backed exchange-traded fund that allows its shares to be redeemed for physical gold, said on Wednesday it has made its first delivery in dozens of U.S. gold coins to an investor.

U.K. hastens negotiations for currency-rigging settlement

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By Lindsay Fortado, Suzi Ring, and Gavin Finch
Bloomberg News
Wednesday, July 23, 2014

http://www.bloomberg.com/news/2014-07-23/u-k-fca-said-to-near-fx-rigging...

Pento sees QE cycle repeating; Rule finds resource prices surprisingly strong

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2:15p ET Wednesday, July 23, 2014

Dear Friend of GATA and Gold:

Fund manager Michael Pento predicts to King World News that when the Federal Reserve stops "quantitative easing," there will be a crash in asset prices and then the Fed will start up QE all over again:

The revolving door in U.S. government regulation has never spun faster

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U.S. Swaps Regulator O'Malia to Head Bank Lobby Group

By Douwe Miedema and Michelle Price
Reuters
Wednesday, July 23, 2014

A member of the U.S. Commodity Futures Trading Commission will become the new head of a bank lobby group that is fighting the derivatives regulator in court over a crucial new rule curtailing Wall Street.

Gene Arensberg: The gold trade seems to see little downside risk

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10:40p ET Tuesday, July 22, 2014

Dear Friend of GATA and Gold:

The Got Gold Report's Gene Arensberg tonight looks again at trader positions in gold futures and concludes that "the gold trade," the people who do the biggest business in gold, "are currently positioned as though they do not believe that gold has any significant downside."

Jeremy Warner: Have central banks been breaking the law?

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By Jeremy Warner
The Telegraph, London
Monday, July 21, 2014

http://www.telegraph.co.uk/finance/comment/jeremy-warner/10981011/Have-c...

The best way to destroy the capitalist system, the Russian revolutionary leader Vladimir Lenin is reputed to have said, is to debauch the currency.