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Daily Dispatches
Ronan Manly: Comex is designed to facilitate gold market rigging
Submitted by cpowell on Tue, 2017-07-18 14:20 Section: Daily Dispatches2:24p ET Tuesday, July 18, 2017
Dear Friend of GATA and Gold:
Gold researcher Ronan Manly today explains how the New York Commodities Exchange's futures market in gold, the Comex, is designed to separate gold's nominal price from actual metal and to facilitate manipulation of the market by its biggest participants.
TF Metals Report: JPM seems to have stopped stacking Comex metal
Submitted by cpowell on Tue, 2017-07-18 10:28 Section: Daily Dispatches10:34a ET Tuesday, July 18, 2017
Dear Friend of GATA and Gold:
JPMorganChase & Co. seems to have gotten out of the Comex gold and silver markets in recent weeks, after accumulating huge stocks of both monetary metals, the TF Metals Report asserts today.
Proletarian Daily Mail blurts out truth that will never make Financial Times
Submitted by cpowell on Tue, 2017-07-18 10:00 Section: Daily DispatchesGold Gains New Luster in Recent Months as Global Threats Grow
By Joanne Hart
Daily Mail, London
Sunday, July 16, 2017
Gold is one of the most unusual investments that anyone can make. It does not pay dividends, it does not produce earnings, and it does not make promises about growth prospects -- like most firms do.
Reuters: China may merge metals giants Minmetals and China National Gold
Submitted by cpowell on Tue, 2017-07-18 07:11 Section: Daily DispatchesBy Kane Wu and Julie Zhu
Reuters
Tuesday, July 18, 2017
HONG KONG -- China is considering a merger between China Minmetals Corp, one of the country's largest miners and metals traders, and China National Gold Group, as Beijing pushes consolidation of its state-run firms, sources with knowledge of the matter said.
BNP Paribas fined $246 million over currency manipulation
Submitted by cpowell on Mon, 2017-07-17 22:43 Section: Daily DispatchesBy Jesse Hamilton
Bloomberg News
Monday, July 17, 2017
BNP Paribas SA agreed to pay $246 million to settle Federal Reserve claims that the bank failed to keep its currency traders from using electronic chatrooms to manipulate prices, the U.S. central bank said in a statement today.
Avery Goodman: Bullion banks closed huge number of short positions last week
Submitted by cpowell on Mon, 2017-07-17 12:49 Section: Daily Dispatches12:52p ET Monday, July 17, 2017
Dear Friend of GATA and Gold:
LME hopes gold futures contract will be blueprint for reform
Submitted by cpowell on Mon, 2017-07-17 06:51 Section: Daily DispatchesBy Henry Sanderson
Financial Times, London
Monday, July 17, 2017
The London Metal Exchange is looking to its first gold futures contract in 30 years as a blueprint for an overhaul of the 140-year-old exchange, which has been struggling in the face of fierce competition and tough market conditions.
Gold shops: Coming to a high street near you?
Submitted by cpowell on Sun, 2017-07-16 20:58 Section: Daily DispatchesBy Jon Yeomans
The Telegraph, London
Sunday, July 16, 2017
Steer's Saturday Gold & Silver Digest letter posted at GoldSeek
Submitted by cpowell on Sun, 2017-07-16 09:53 Section: Daily Dispatches9:58a ET Sunday, July 16, 2017
Dear Friend of GATA and Gold:
GATA board member Ed Steer's Saturday letter for his Gold & Silver Digest is posted in the clear at GoldSeek here:
http://news.goldseek.com/GoldSeek/1500253200.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Alasdair Macleod: The logic of modern gold standard
Submitted by cpowell on Thu, 2017-07-13 15:47 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, July 13, 2017
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