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Daily Dispatches
Counterintuitive takedowns in gold drawing notice, Norini tells King World News
Submitted by cpowell on Sat, 2012-03-17 11:50 Section: Daily Dispatches11:49a ET Saturday, March 17, 2012
Dear Friend of GATA and Gold (and Silver):
Central banks pounce on falling gold, buying it through BIS
Submitted by cpowell on Sat, 2012-03-17 11:17 Section: Daily DispatchesBy Jack Farchy
Financial Times, London
Friday, March 16, 2012
http://www.ft.com/intl/cms/s/0/4f9a6076-6f92-11e1-b3f9-00144feab49a.html
A sharp fall in gold prices has triggered large purchases of bullion by central banks in recent weeks, according to several traders with knowledge of the transactions.
Court overturns order to slash Dutch pension fund's gold allocation
Submitted by cpowell on Sat, 2012-03-17 11:04 Section: Daily DispatchesBy Leen Preesman
Investments & Pensions Europe, London
Friday, March 16, 2012
http://www.ipe.com/news/court-overturns-dutch-regulators-order-to-slash-...
A Rotterdam, Netherlands, court has overturned the Dutch pensions regulator's recent demand that SPVG, the pension fund for glass manufacturers, divest more than three-quarters of its 13% gold allocation.
Intervention will be reduced to 'a blip on a chart,' von Greyerz says
Submitted by cpowell on Fri, 2012-03-16 13:16 Section: Daily Dispatches1:10p ET Friday, March 16, 2012
Dear Friend of GATA and Gold:
Hinde Capital's Ben Davies on financial and political repression
Submitted by cpowell on Fri, 2012-03-16 11:44 Section: Daily Dispatches11:42a ET Friday, March 16, 2012
Dear Friend of GATA and Gold:
Indian government again raises tax on gold imports to swat people into line
Submitted by cpowell on Fri, 2012-03-16 10:39 Section: Daily DispatchesThe essence of this is that the Indian people want gold to be their money and the Indian government doesn't want to let them have it because gold as money restricts government power.
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India Raises Gold-Import Tax for Second Time; Prices Drop
By Pratik Parija and Prabhudatta Mishra
Bloomberg News
Friday, March 16, 2012
CFTC notices market rigging by high-frequency trading but action doubtful
Submitted by cpowell on Fri, 2012-03-16 10:08 Section: Daily DispatchesCFTC Targets Rapid Trades
By Scott Patterson
The Wall Street Journal
Friday, March 16, 2012
http://online.wsj.com/article/SB1000142405270230386340457728385069411079...
BOCA RATON, Florida -- A top U.S. regulator said his agency plans to widen day-to-day monitoring of the commodities and futures markets, targeting the high-speed trading firms that are a growing force.
Embargo of Iran could restore gold standard in southwest Asia
Submitted by cpowell on Thu, 2012-03-15 21:06 Section: Daily Dispatches9p ET Thursday, March 15, 2012
Dear Friend of GATA and Gold:
Departing banker's criticism sends Goldman shares down $2 billion
Submitted by cpowell on Thu, 2012-03-15 17:13 Section: Daily DispatchesGoldman Sachs shares were back up 2.2 percent today.
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Goldman Roiled by Op-Ed Loses $2.2 Billion for Shareholders
By Christine Harper
Bloomberg News
Thursday, March 15, 2012
http://www.bloomberg.com/news/2012-03-15/goldman-stunned-by-op-ed-loses-...
Europeans fear that Fed uses their gold in interventions, Sinclair tells KWN
Submitted by cpowell on Thu, 2012-03-15 16:58 Section: Daily Dispatches4:52p ET Thursday, March 15, 2012
Dear Friend of GATA and Gold:
Trader and mining entrepreneur Jim Sinclair today tells King World News that while central banks would want the gold price to be "soft" during Greece's "credit event," European countries are beginning to worry that their gold might have been misappropriated by the Federal Reserve for such an operation.
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