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Daily Dispatches
Ben Davies forecasts gold and silver for King World News
Submitted by cpowell on Fri, 2012-01-20 16:27 Section: Daily Dispatches1:20p PT Friday, January 20, 2012
Dear Friend of GATA and Gold (and Silver):
Interviewed by King World News today, Hinde Capital CEO Ben Davies reviews 2011 in gold and silver and explains his fund's positioning in the monetary metals for the new year. An excerpt from the interview is posted at the King World News blog here:
Bullion banking system 'not fully backed,' Naylor-Leyland tells CNBC Europe
Submitted by cpowell on Fri, 2012-01-20 11:47 Section: Daily Dispatches8:45a PT Friday, January 20, 2012
Dear Friend of GATA and Gold:
Cheviot Asset Management's investment director, Ned Naylor-Leyland, was interviewed for 7 minutes the other day on CNBC Europe and noted that the bullion banking system is "not fully backed" -- that is, that it is selling promises of gold it doesn't have. The interview is posted at the Cheviot Internet site here:
Kinross seen in play after paying too much for African gold
Submitted by cpowell on Fri, 2012-01-20 11:26 Section: Daily DispatchesBy Charles Mead, Liezel Hill, and Rita Nazareth
Bloomberg News
Friday, January 20, 2012
http://www.bloomberg.com/news/2012-01-20/kinross-in-play-after-paying-to...
By paying too much for acquisitions in western Africa, Kinross Gold Corp. (KGC) is now turning itself into the cheapest gold-mining target in the world.
Rates now negative on inflation-protected and regular Treasuries
Submitted by cpowell on Thu, 2012-01-19 23:24 Section: Daily DispatchesInvestors Seek Safety of U.S. Treasuries
By Michael Mackenzie
Financial Times, London
Thursday, January 19, 2012
http://www.ft.com/intl/cms/s/0/ad85b014-42b5-11e1-97b1-00144feab49a.html
Sprott bearish on base metals, positive on gold and oil
Submitted by cpowell on Thu, 2012-01-19 23:15 Section: Daily DispatchesBy Frank Tang
Reuters
Thursday, January 19, 2012
http://www.reuters.com/article/2012/01/19/us-precious-sprott-idUSTRE80I1...
Prominent Canadian fund manager Eric Sprott said on Wednesday he was bearish on cyclical commodities such as industrial metals because of the economic slowdown, though he remained positive on gold and crude oil.
Sinclair expects European gold to be repatriated from Fed
Submitted by cpowell on Thu, 2012-01-19 22:41 Section: Daily Dispatches7:40p PT Thursday, January 19, 2012
Dear Friend of GATA and Gold:
New York Sun: Gingrich goes for gold
Submitted by cpowell on Wed, 2012-01-18 16:09 Section: Daily Dispatches4:10p ET Wednesday, January 18, 2012
Dear Friend of GATA and Gold:
The end is near, Embry warns gold price riggers
Submitted by cpowell on Wed, 2012-01-18 15:59 Section: Daily Dispatches3:45p ET Wednesday, January 18, 2012
Dear Friend of GATA and Gold:
Fox Business interviews Grandich about $2 million gold price bet
Submitted by cpowell on Wed, 2012-01-18 10:43 Section: Daily Dispatches10:40a ET Wednesday, January 18, 2012
Dear Friend of GATA and Gold:
Market analyst and mining company consultant Peter Grandich was interviewed for 3 1/2 minutes last night by Fox Business television and discussed gold's prospects and his unaccepted bet offer of $2 million that gold will reach $2,000 before ever seeing $1,000 again. Video of the interview is posted here:
At last Financial Times notices that central banks do shady things with gold
Submitted by cpowell on Tue, 2012-01-17 19:02 Section: Daily DispatchesCentral Banks Increase Gold Lending
By Jack Farchy
Financial Times, London
Tuesday, January 17, 2012
http://www.ft.com/intl/cms/s/0/c2b92910-40fe-11e1-b521-00144feab49a.html
Central banks increased the amount of gold they lent for the first time in a decade in 2011, as they used their bullion reserves to help commercial banks raise US dollars.