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Daily Dispatches
Foreign banks in China could face curbs if they snub gold benchmark
Submitted by cpowell on Tue, 2016-01-05 11:44 Section: Daily DispatchesBy A. Ananthalakshmi
Reuters
Tuesday, January 5, 2015
China has warned foreign banks it could curb their operations in the world's biggest bullion market if they refuse to participate in the planned launch of a yuan-denominated benchmark price for the metal, sources said.
China's rigged markets could fall much further, much faster
Submitted by cpowell on Tue, 2016-01-05 08:10 Section: Daily DispatchesGood thing the West's markets aren't rigged -- or that they seldom suffer critical journalism like this.
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China's Rigged Markets Could Fall Much Further, Much Faster
By Craig Stephen
MarketWatch.com, New York
Monday, January 4, 2015
Venezuelan president seizes control of central bank
Submitted by cpowell on Tue, 2016-01-05 08:00 Section: Daily DispatchesVenezuela Fuels Fears over Hyperinflation
By Andres Schipani
Financial Times, London
Tuesday, January 5, 2015
Venezuela on Monday fuelled fears of looming hyperinflation after publishing a decree by President Nicolás Maduro curbing legislative oversight of the central bank.
Grant Williams' presentation to last month's Mines and Money London conference
Submitted by cpowell on Mon, 2016-01-04 21:55 Section: Daily Dispatches9:56p ET Monday, January 4, 2016
Dear Friend of GATA and Gold:
Zero Hedge has posted the wonderfully entertaining presentation made last month at the Mines and Money conference in London by Singapore-based fund manager Grant Williams, who notes the incongruities that pervade the gold market.
Profit Confidential notes growing evidence of gold market rigging and cites GATA
Submitted by cpowell on Mon, 2016-01-04 20:40 Section: Daily Dispatches8:40p ET Monday, January 4, 2016
Dear Friend of GATA and Gold:
Financial news and opinion Internet site Profit Confidential today notes the growing evidence of central bank manipulation of the gold market and cites GATA's efforts to expose it. Profit Confidential's commentary is headlined "Something Weird Is Happening to Gold Prices That No One Is Talking About" and it's posted here:
Bix Weir: 17 requirements for a freely traded silver market structure
Submitted by cpowell on Thu, 2015-12-31 12:48 Section: Daily Dispatches12:48a ET Thursday, December 31, 2015
Dear Friend of GATA and Gold:
Financial market blogger Bix Weir of the Road to Roota Letter today offers "17 Requirements for a Freely Traded Silver Market Structure," a list containing many good suggestions but perhaps omitting the one requirement that would transform not just the silver market but all markets on the planet.
GoldMoney introduces payment system
Submitted by cpowell on Thu, 2015-12-31 11:44 Section: Daily DispatchesBitGold Launches Request Gold Payment Application, Completing Key Platform Milestone
Company Press Release
via Business Wire
Thursday, December 31, 2015
'The Silver Manifesto' documents manipulation of gold and silver markets
Submitted by cpowell on Wed, 2015-12-30 21:55 Section: Daily Dispatches9:54p ET Wednesday, December 12, 2015
Dear Friend of GATA and Gold:
Gold-backed digital currency ditches the blockchain
Submitted by cpowell on Wed, 2015-12-30 21:46 Section: Daily DispatchesBy Ian McKendry
American Banker, New York
Wednesday, December 30, 2015
WASHINGTON -- A new digital currency backed by gold is billing itself as a more compliant, liquid and ultimately reliable store of value than decentralized systems such as bitcoin.
World Gold Council wants to create standard to avoid Islamic finance disputes
Submitted by cpowell on Wed, 2015-12-30 21:42 Section: Daily DispatchesBy Y-Sing Liau
Bloomberg News
Wednesday, December 30, 2015
The World Gold Council is seeking to create a global standard to make the metal's use in Islamic finance more cost-effective by eliminating disputes among scholars.