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Daily Dispatches
Ronan Manly: Where's the bulk of the gold supposedly held at West Point?
Submitted by cpowell on Fri, 2019-05-10 14:59 Section: Daily Dispatches3p ET Friday, May 10, 2019
Dear Friend of GATA and Gold:
Bullion Star gold researcher Ronan Manly wonders today why the U.S. Mint at West Point, New York, periodically displays its working vault for coin manufacture but never the 11 storage vaults in which most of the U.S. Treasury gold held at West Point is purportedly stored.
Seven banks face EU antitrust fines for forex rigging, sources tell Reuters
Submitted by cpowell on Thu, 2019-05-09 21:11 Section: Daily DispatchesBy Foo Yun Chee
Reuters
Thursday, May 9, 2019
BRUSSELS, Belgium -- Barclays, Citigroup, HSBC, JPMorgan, and three other banks are set to be fined by European Union antitrust regulators in coming weeks for rigging the multi-trillion dollar foreign exchange market, two people familiar with the matter said.
Gold price suppression is biggest issue in the world, GATA secretary tells GoldCore's O'Byrne
Submitted by cpowell on Thu, 2019-05-09 11:35 Section: Daily Dispatches11:42a ET Thursday, May 9, 2019
Dear Friend of GATA and Gold:
In an interview with bullion dealer GoldCore's Mark O'Byrne the other day, your secretary/treasurer discussed GATA's work, including:
-- The legal authorization of the U.S. government to rig the gold market surreptitiously to defend the U.S. dollar against competition as the world reserve currency.
AngloGold Ashanti to dispose of remaining South African mines
Submitted by cpowell on Thu, 2019-05-09 11:11 Section: Daily DispatchesBy Allan Seccombe
Business Day, Johannesburg
Thursday, May 9, 2019
https://www.businesslive.co.za/bd/companies/mining/2019-05-09-anglogold-...
Congressman proposes U.S. gold audit that covers leases, swaps
Submitted by cpowell on Wed, 2019-05-08 12:15 Section: Daily DispatchesFrom Money Metals News Service, Eagle, Idaho
Wednesday, May 8, 2019
WASHINGTON -- U.S. Rep., R-West Virginia, this week introduced legislation to provide for the first audit of United States gold reserves since the Eisenhower administration.
China announces fifth straight month of growth in gold reserves
Submitted by cpowell on Wed, 2019-05-08 09:57 Section: Daily DispatchesChina's Central Bank Stocks up on Gold as It Seeks to Diversify
By Henry Sanderson
Financial Times, London
Wednesday, May 8, 2019
China's central bank added gold to its reserves for the fifth month in a row in April, the latest emerging market central bank to stock up on the yellow metal.
Craig Hemke: Two inglorious anniversaries for gold and silver
Submitted by cpowell on Tue, 2019-05-07 17:25 Section: Daily Dispatches5:25p ET Tuesday, May 7, 2019
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing at Sprott Money, today recalls the anniversaries of the Bank of England's infamous gold sales of 1999 and what he calls the May Day Massacre of silver by JPMorganChase in 2011.
Ronan Manly: Churning membership curses London gold banking cartel
Submitted by cpowell on Mon, 2019-05-06 12:49 Section: Daily Dispatches12:50p ET Monday, May 6, 2019
Dear Friend of GATA and Gold:
Bullion Star's gold market analyst Ronan Manly today examines the churning membership of the London gold banking cartel, from which Societe Generale has just resigned.
Manly's commentary is headlined "Curse of the London Gold Fix Strikes Again as SocGen Abandons Ship" and it's posted at Bullion Star here:
If gold investors are puzzled, it's from a lack of financial journalism
Submitted by cpowell on Mon, 2019-05-06 11:56 Section: Daily Dispatches12:06p Monday, May 6, 2019
Dear Friend of GATA and Gold:
Gold investors, Kitco News market analyst Jim Wyckoff writes today, "are scratching their heads and wondering why their metal has not reacted more positively to unsettling developments on the geopolitical front":
Sentencing of former JPM metals trader delayed again
Submitted by cpowell on Sat, 2019-05-04 11:38 Section: Daily DispatchesSentencing of former JP Morgan Chase Precious Metals Trader Delayed as Federal Probe Continues
By Dawn Giel
CNBC, New York
Thursday, May 2, 2019
The criminal sentencing of former J.P. Morgan Chase precious metals trader John Edmonds has been postponed six more months, to December, as federal investigators continue to probe possible manipulation of metals markets.
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