Daily Dispatches

World Gold Council celebrates the obvious about gold demand

Submitted by cpowell on Thu, 2016-02-11 01:48 Section: Daily Dispatches

The world discerns easily enough where gold demand comes from. Why doesn't the World Gold Council ever attempt a report on gold supply trends? After all, that would require putting only a few more questions to certain governments and central banks.

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Central Banks and Chinese Buyers Helping to Spur Gold Demand, World Gold Council Says

By Susan Fenton
Reuters

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Canada sells nearly half its gold reserves, 1.3 tonnes -- 1.7 tonnes remain

Submitted by cpowell on Wed, 2016-02-10 20:38 Section: Daily Dispatches

By Monique Muise
Global News, Burnaby, British Columbia, Canada
Wednesday, February 10, 2016

The government of Canada sold nearly half its gold reserves in recent weeks, continuing a pattern of moving away from the precious metal as a government asset.

According to the International Monetary Fund's International Financial Statistics, Canada held 3 tonnes of gold reserves as of late 2015.

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Gold strengthens as central bank money injections fail, Embry says

Submitted by cpowell on Wed, 2016-02-10 10:22 Section: Daily Dispatches

10:22a ET Wednesday, February 10, 2016

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry tells King World News today that money injections by central banks are having less effect on the markets, that the gold price is showing strength, and that gold mining shares have never been as undervalued. An excerpt from the interview is posted at KWN here:

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EU probes suspected rigging of $1.5-trillion debt market

Submitted by cpowell on Tue, 2016-02-09 19:56 Section: Daily Dispatches

Jim Brunsden
Financial Times, London
Tuesday, February 9, 2016

BRUSSELS, Belgium -- European regulators have opened a preliminary cartel investigation into possible manipulation of the $1.5 trillion government-sponsored bond market, in the latest efforts to root out rigging involving financial traders.

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Robert Appel: The gold price secret Wall Street doesn't want to talk about

Submitted by cpowell on Tue, 2016-02-09 17:32 Section: Daily Dispatches

5:30p ET Tuesday, February 9, 2016

Dear Friend of GATA and Gold:

Read more about Robert Appel: The gold price secret Wall Street doesn't want to talk about

German-language interview with 'Big Reset' author Willem Middelkoop

Submitted by cpowell on Tue, 2016-02-09 11:06 Section: Daily Dispatches

11:05a ET Tuesday, February 9, 2016

Dear Friend of GATA and Gold:

Read more about German-language interview with 'Big Reset' author Willem Middelkoop

Six London Metal Exchange members resign, including Rio Tinto

Submitted by cpowell on Tue, 2016-02-09 10:00 Section: Daily Dispatches

From Reuters
Friday, February 5, 2016

LONDON -- Half a dozen of the lowest-ranking members on the London Metal Exchange with no trading rights, including global miner Rio Tinto, have resigned, the LME said on Friday.