Daily Dispatches

UBS opens gold vault in Singapore

Submitted by cpowell on Tue, 2013-07-02 14:20 Section: Daily Dispatches

By Francesa Freeman and Clementine Wallop
The Wall Street Journal
Tuesday, July 2, 2013

http://online.wsj.com/article/SB1000142412788732393640457858134142731584...

Swiss bank UBS said Tuesday that for the first time it has started storing gold in Asia, a move that reflects continued strong demand for the precious metal in the region as Western investors dump their holdings.

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Gene Arensberg: Comex commercials nearly net long gold

Submitted by cpowell on Tue, 2013-07-02 13:49 Section: Daily Dispatches

1:46p ET Tuesday, July 2, 2013

Dear Friend of GATA and Gold:

Gene Arensberg's new edition of the Got Gold Report focuses on the remarkable transformation of the largest commercial traders from short to long gold.

Arensberg writes:

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Turk suspects panic dishoarding of Western gold to rescue insolvent banks

Submitted by cpowell on Tue, 2013-07-02 13:14 Section: Daily Dispatches

1:22p ET Tuesday, July 2, 2013

Dear Friend of GATA and Gold:

Unprecedented volumes of gold are moving around the world, probably about 500 tonnes each month, GoldMoney founder and GATA consultant James Turk tells King World News today, and he says it likely is a matter of panic dishoarding by Western central banks to rescue failing commercial banks.

Read more about Turk suspects panic dishoarding of Western gold to rescue insolvent banks

Jeff Nielson: Fraud confirmed -- 100-day delay to take metal delivery

Submitted by cpowell on Mon, 2013-07-01 15:37 Section: Daily Dispatches

3:35p ET Monday, July 1, 2013

Dear Friend of GATA and Gold:

Jeff Nielson of Bullion Bulls Canada today reflects on the London Metal Exchange's admission that delivery delays for metal now can exceed 100 days:

http://www.bloomberg.com/news/2013-07-01/lme-seeks-to-reduce-lines-at-wa...

Read more about Jeff Nielson: Fraud confirmed -- 100-day delay to take metal delivery

Alasdair Macleod: Gold's undervaluation is extreme

Submitted by cpowell on Mon, 2013-07-01 13:10 Section: Daily Dispatches

1:08p ET Monday, July 1, 2013

Dear Friend of GATA and Gold:

Read more about Alasdair Macleod: Gold's undervaluation is extreme

Bernanke's conundrum -- What it might mean for gold

Submitted by cpowell on Mon, 2013-07-01 12:47 Section: Daily Dispatches

12:46p ET Monday, July 1, 2013

Dear Friend of GATA and Gold:

Read more about Bernanke's conundrum -- What it might mean for gold

Banks charged with blocking credit default swaps market

Submitted by cpowell on Mon, 2013-07-01 08:38 Section: Daily Dispatches

By Alex Barker
Financial Times, London
Monday, July 1, 2013

http://www.ft.com/intl/cms/s/0/d6c57880-e235-11e2-87ec-00144feabdc0.html

Brussels charged the world's biggest investment banks on Monday with colluding to restrict vital market information so rivals could not set up competing derivatives trading platforms.