GATA

Silver's lockdown may be facing a challenge, Embry tells KWN

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5p ET Tuesday, September 16, 2014

Dear Friend of GATA and Gold:

The silver futures market seems to be in "total lockdown," Sprott Asset Management's John Embry tells King World News today, even as there also seems to be a deep-pocketed long ready to challenge price suppression. Embry's comments on silver and on the world economic situation generally are excerpted at the KWN blog here:

China advances gold exchange launch; Singapore delays contract

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By A. Ananthalakshmi
Reuters
Tuesday, September 16, 2014

SINGAPORE -- China will launch its international gold exchange 11 days ahead of schedule, sources said today, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues.

Gartman Letter cites Koos Jansen and Gold Newsletter on Chinese gold demand

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By Dennis Gartman
The Gartman Letter
Tuesday, September 16, 2014

https://www.thegartmanletter.com/

Regarding Chinese gold demand, which we wrote about yesterday, it is open to debate and our old friend, Brien Lundin of the Jefferson Companies in New Orleans, wrote to share his insights. We've chosen to share them further with our readers, with his approval. Brien wrote:

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Gold's move from West to East is said intended to rebalance FX reserves

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China May Boost Gold Reserves amid Imbalances in Holdings

By Feiwen Rong and Glenys Smi
Bloomberg News
Monday, September 15, 2014

http://www.bloomberg.com/news/2014-09-15/biggest-banks-said-to-overhaul-...

Indian trade deficit widens as gold imports surge 176%

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By Unni Krishnan
Bloomberg News
Monday, September 15, 2014

NEW DELHI, India -- India's trade deficit widened in August from a year earlier as imports of gold surged 176 percent after policy makers eased shipment curbs.

Fed could trigger reversals in stocks and gold this week, Turk says

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8:05p ET Monday, September 15, 2014

Dear Friend of GATA and Gold:

Stocks are overvalued and hard assets undervalued, GoldMoney founder and GATA consultant James Turk tells King World News today, adding that he would expect reversals if the Federal Reserve this week persists in reducing its bond monetization. An excerpt from the interview is posted at the KWN blog here: