CNBC can't understand gold's sudden drop today

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Any journalist who really wants to understand it might review the material here --

http://www.gata.org/node/17751

-- and then call the Bank for International Settlements in Basel, Switzerland, at +41-61-280-8080 and ask for the gold swaps and leases department.

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Gold Just Dropped in Sudden Move Lower

By John Melloy and Fred Imbert
CNBC, New York

Ned Naylor-Leyland: Oppose takeover of CEF to prevent banks from raiding its gold

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12:33p ET Friday, November 10, 2017

Dear Friend of GATA and Gold:

Old Mutual gold and silver fund manager Ned Naylor-Leyland today explains why he opposes Sprott Asset Management's long-running bid to acquire the Central Fund of Canada gold fund -- in part to keep CEF's gold from being raided by investment banks for covering their short positions.

Gold investors hold their nerve while stock markets fly

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By Jan Harvey
Reuters
Friday, November 10, 2017

LONDON -- Gold’s resilience in the face of soaring equities and a dramatic fall in demand this year points to underlying confidence in the metal among investors unconvinced by this autumn's scorching stock market rally.

Alasdair Macleod: Cryptos may destabilize fiat currency

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8:04p ET Thursday, November 9, 2017

Dear Friend of GATA and Gold:

Bitcoin and other cryptocurrencies are a bubble, GoldMoney research director Alasdair Macleod writes today, but potentially the ultimate bubble and they may have a fantastic distance yet to run, potentially cannibalizing government currencies and generating vast price inflation before governments try to strike them down.

Third-quarter gold demand slides to eight-year low, World Gold Council says

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By Jan Harvey
Reuters
Thursday, November 9, 2017

LONDON -- Gold demand slid to its lowest in eight years in the last quarter as jewelry buying fell and inflows into bullion-backed exchange traded funds dried up, data from the World Gold Council showed today.

Overall demand fell 9 percent to 915 tonnes, its weakest since the third quarter of 2009, the WGC said.

Dave Kranzler: Something different is happening with gold and silver

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2:25p ET Wednesday, November 8, 2017

Dear Friend of GATA and Gold:

Craig Hemke: Could a commodity rally help spark silver?

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12:26p ET Wednesday, November 8, 2017

Dear Friend of GATA and Gold:

Ethical behavior gives public confidence in Fed, Yellen says

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So how come the Fed opposes being audited by Congress?

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By David Harrison
The Wall Street Journal
Tuesday, November 7, 2017

Federal Reserve Chairwoman Janet Yellen said Tuesday that ethical behavior from the Fed allows the public to trust it is acting on its behalf.

CPM Group's Jeffrey Christian joins Monetary Metals' Board of Advisers

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Company Announcement
Tuesday, November 7, 2017

SCOTTSDALE, Arizona -- Monetary Metals announces that Jeffrey Christian has become an adviser to the company. Christian IS founder and Managing Partner of CPM Group, a commodities research, consulting, financial advisory, and commodities management firm.

Gold has outperformed S&P 500 since 2001, Sprott analyst says

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By Neils Christensen
Kitco News, Montreal
Tuesday, November 7, 2017

With investors searching far and wide for market gains, one portfolio manager is "puzzled" why gold continues to be ignored and shunned.

Trey Reik, senior portfolio manager at Sprott Asset Management, noted that gold has had an impressive run since 2001, significantly outperforming the S&P 500.