Daily Dispatches

The rig is up, Sinclair says; and Embry cautions gold, silver rig deniers

Submitted by cpowell on Tue, 2012-07-03 21:48 Section: Daily Dispatches

8:40a ICT Wednesday, July 4, 2012

Dear Friend of GATA and Gold:

Gold mining entrepreneur and market analyst Jim Sinclair says the falling out of Barclays and the Bank of England over the rigging of the LIBOR interest rate market reports will change the markets and "the battle to stop gold has been lost." Sinclair's commentary is headlined "The Rig Is Up" and it's posted at JSMineSet here:

Read more about The rig is up, Sinclair says; and Embry cautions gold, silver rig deniers

'Massive short-covering rally' likely in silver, GGR's Arensberg says

Submitted by cpowell on Tue, 2012-07-03 21:29 Section: Daily Dispatches

8:20a ICT Wednesday, July 4, 2012

Dear Friend of GATA and Gold (and Silver):

Analyzing futures trading data and finding the big commercial traders the least short in silver in a decade, Gene Arensberg of the Got Gold Report expects a "massive short-covering rally." Arensberg's commentary is a 27-minute video presentation here:

Read more about 'Massive short-covering rally' likely in silver, GGR's Arensberg says

Sentiment in metals at rock bottom, fundamentals superb, Turk tells King World News

Submitted by cpowell on Mon, 2012-07-02 23:40 Section: Daily Dispatches

10:35a ICT Tuesday, July 3, 2012

Dear Friend of GATA and Gold:

Read more about Sentiment in metals at rock bottom, fundamentals superb, Turk tells King World News

Barclays threatens to implicate UK regulators in rate-rigging probe

Submitted by cpowell on Mon, 2012-07-02 23:30 Section: Daily Dispatches

The rats are starting to turn on each other. Eventually gold and silver market rigging may be mentioned as well.

* * *

Barclays Chief Threatens to Hit Back

By Patrick Jenkins, Brooke Masters, and George Parker
Financial Times, London
Monday, July 2, 2012

http://www.ft.com/intl/cms/s/0/0130d092-c473-11e1-9c1e-00144feabdc0.html

Read more about Barclays threatens to implicate UK regulators in rate-rigging probe

Silver market manipulation taken for granted by CNBC host and panelists

Submitted by cpowell on Mon, 2012-07-02 13:16 Section: Daily Dispatches

12:15p ICT Tuesday, July 3, 2012

Dear Friend of GATA and Gold (and Silver):

Read more about Silver market manipulation taken for granted by CNBC host and panelists

U.S. law against 'conflict gold' unenforceable and ineffective

Submitted by cpowell on Mon, 2012-07-02 02:28 Section: Daily Dispatches

'Conflict Gold' Trade Continues in Face of U.S. Law

By Jonny Hogg and Jan Harvey
Reuters
Friday, June 29, 2012

http://www.reuters.com/article/2012/06/29/us-gold-conflict-idUSBRE85S1A4...

Read more about U.S. law against 'conflict gold' unenforceable and ineffective

Barclays bankers thought Bank of England wanted rates falsified

Submitted by cpowell on Mon, 2012-07-02 02:20 Section: Daily Dispatches

Bank of England Dragged into Rate-Rigging Row

By Rowena Mason and Phillip Aldrick
The Telegraph, London
Sunday, July 1, 2012

http://www.telegraph.co.uk/news/politics/9369042/Bank-of-England-dragged...

Barclays stepped up its efforts to rig interest rates after its chief executive, Bob Diamond, spoke to the deputy governor of the Bank of England, Paul Tucker.

Read more about Barclays bankers thought Bank of England wanted rates falsified

Alasdair Macleod: Gold re-entering monetary system

Submitted by cpowell on Mon, 2012-07-02 02:06 Section: Daily Dispatches

2p ICT Monday, July 2, 2012

Dear Friend of GATA and Gold:

Writing at GoldMoney, the economist Alasdair Macleod joins those noting official proposals to recognize gold holdings by banks as equivalent -- and, implicitly, superior -- to government-issued cash.