Panic retail selling in gold and silver signals 'major bottom,' Haynes tells KWN

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9:10p ET Wednesday, July 19, 2017

Dear Friend of GATA and Gold:

Bill Haynes, founder of CMI Gold and Silver in Phoenix, tells King World News today that retail sentiment in his monetary metals business is worse than it has been in years and has prompted panic selling. Haynes construes this as "a classic sign of a major bottom."

Why not sue Comex for facilitating the rigging of monetary metals markets?

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9:23a ET Wednesday, July 19, 2017

Dear GATA:

I read Ronan Manly's July 18 report asserting that the New York Commodity Exchange's gold futures market is structured to facilitate price manipulation:

http://www.gata.org/node/17521

Ronan Manly: Comex is designed to facilitate gold market rigging

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2:24p ET Tuesday, July 18, 2017

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly today explains how the New York Commodities Exchange's futures market in gold, the Comex, is designed to separate gold's nominal price from actual metal and to facilitate manipulation of the market by its biggest participants.

TF Metals Report: JPM seems to have stopped stacking Comex metal

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10:34a ET Tuesday, July 18, 2017

Dear Friend of GATA and Gold:

JPMorganChase & Co. seems to have gotten out of the Comex gold and silver markets in recent weeks, after accumulating huge stocks of both monetary metals, the TF Metals Report asserts today.

Proletarian Daily Mail blurts out truth that will never make Financial Times

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Gold Gains New Luster in Recent Months as Global Threats Grow

By Joanne Hart
Daily Mail, London
Sunday, July 16, 2017

Gold is one of the most unusual investments that anyone can make. It does not pay dividends, it does not produce earnings, and it does not make promises about growth prospects -- like most firms do.

Reuters: China may merge metals giants Minmetals and China National Gold

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By Kane Wu and Julie Zhu
Reuters
Tuesday, July 18, 2017

HONG KONG -- China is considering a merger between China Minmetals Corp, one of the country's largest miners and metals traders, and China National Gold Group, as Beijing pushes consolidation of its state-run firms, sources with knowledge of the matter said.

BNP Paribas fined $246 million over currency manipulation

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By Jesse Hamilton
Bloomberg News
Monday, July 17, 2017

BNP Paribas SA agreed to pay $246 million to settle Federal Reserve claims that the bank failed to keep its currency traders from using electronic chatrooms to manipulate prices, the U.S. central bank said in a statement today.

Avery Goodman: Bullion banks closed huge number of short positions last week

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12:52p ET Monday, July 17, 2017

Dear Friend of GATA and Gold:

LME hopes gold futures contract will be blueprint for reform

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By Henry Sanderson
Financial Times, London
Monday, July 17, 2017

The London Metal Exchange is looking to its first gold futures contract in 30 years as a blueprint for an overhaul of the 140-year-old exchange, which has been struggling in the face of fierce competition and tough market conditions.

Gold shops: Coming to a high street near you?

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By Jon Yeomans
The Telegraph, London
Sunday, July 16, 2017