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Daily Dispatches
Cancellation of currency notes suppresses gold demand in rural India
Submitted by cpowell on Thu, 2016-12-15 10:59 Section: Daily DispatchesLife in the Time of Demonetisation: Rural Gold Hubs Silent
By Sutanuke Ghosel
The Times of India, Mumbai
Thursday, December 15, 2016
KOLKATA, India -- Jewellers and bullion dealers in India are refraining from buying gold despite the dip in price, thwarted by subdued demand in rural areas due to the demonetisation-induced cash crunch.
Cash ban gives a boost to India's government-run banks
Submitted by cpowell on Thu, 2016-12-15 10:49 Section: Daily DispatchesBy Nupur Acharya and Santanu Chakraborty
Bloomberg News
Wednesday, December 14, 2016
Shares of India's biggest state-run lenders are on a roll, thanks to a government ban on high-value notes that took almost four-fifths of the nation's currency out of circulation.
Bron Suchecki: Silver smoking gun to stop dishonest dealing
Submitted by cpowell on Thu, 2016-12-15 08:17 Section: Daily Dispatches8:16a ET Thursday, December 15, 2016
Dear Friend of GATA and Gold:
Fleckenstein is surprised by gold's price action but he shouldn't be
Submitted by cpowell on Wed, 2016-12-14 22:22 Section: Daily Dispatches10:35p ET Wednesday, December 14, 2016
Dear Friend of GATA and Gold:
Interviewed by King World News, money manager Bill Fleckenstein of Fleckenstein Capital acknowledges being confused by today's price action in gold and silver.
"As for the metals," Fleckenstein says, "I'm kind of surprised they were hit as hard as they were. ... I don't really see why gold should act so terribly."
Gold is half of Indians' physical assets, ahead of real estate, study finds
Submitted by cpowell on Wed, 2016-12-14 21:22 Section: Daily DispatchesIndians Still Fancy Gold, Study Says
By a Special Correspondent
The Hindu, Chennai, India
Wednesday, December 13, 2016
The total wealth held by individuals in India rose 8.5 percent to Rs.304 lakh crore in the financial year 2015-16 and is expected to further increase to Rs.558 lakh crore over the next five years, according to the India Wealth Report 2016 by Karvy Private Wealth.
Another social cost of gold price suppression: Ruined environment
Submitted by cpowell on Wed, 2016-12-14 11:54 Section: Daily Dispatches11:54a ET Wednesday, December 14, 2016
Dear Friend of GATA and Gold:
Another huge social cost of gold price suppression can be seen in an illustrated essay posted this week by the internet magazine Sapiens about the environmental damage done by wildcat gold mining in the Amazon River rainforest.
All that glitters is gold in Indian city famous for jewellery craftsmanship
Submitted by cpowell on Wed, 2016-12-14 11:30 Section: Daily DispatchesBy A. Shrikumar
The Hindu, Chennai, India
Wednesday, December 14, 2016
MADURAI, India -- Behind the glitzy facade of showrooms at Madurai's age-old jewellery bazaar, a labyrinth of narrow alleys leads to dingy workshops where traditional goldsmiths sit by a sizzling stove, melting and shaping the yellow metal into enviable ornaments.
Finance titans face off over $5 trillion London gold market
Submitted by cpowell on Wed, 2016-12-14 11:15 Section: Daily DispatchesBy Eddie Van Der Walt
Bloomberg News
Wednesday, December 14, 2016
Some of the biggest names in finance are fighting for control of the London gold market -- a $5 trillion, three-century-old trading hub that is being forced to adapt to a digital age.
Allan Flynn: 'When gold goes above 1430, we whack it'
Submitted by cpowell on Wed, 2016-12-14 11:01 Section: Daily Dispatches11:07a ET Wednesday, December 14, 2016
Dear Friend of GATA and Gold:
Gold researcher Allan Flynn today examines the electronic exchanges of bullion bank traders plotting their manipulation of the gold market, exchanges recently disgorged by Deutsche Bank to settle the anti-trust lawsuit against it in federal court in New York.
Trump's plans threatened by strong dollar conundrum
Submitted by cpowell on Tue, 2016-12-13 14:08 Section: Daily DispatchesBy Sam Fleming and Shawn Donnan
Financial Times, London
Tuesday, December 13, 2016
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