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Daily Dispatches
With gold flash crash U.S. aims to embarrass China, Turk says
Submitted by cpowell on Mon, 2015-07-20 14:52 Section: Daily Dispatches2:50p ET Monday, July 20, 2015
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, interviewed today by King World News, construes the overnight flash crash in gold as an embarrassing punishment inflicted by the United States on China for announcing an increase in its gold reserves.
Mark O'Byrne: Other Chinese govt. agencies have been buying gold too
Submitted by cpowell on Mon, 2015-07-20 14:46 Section: Daily Dispatches2:45p ET Monday, July 20, 2015
Dear Friend of GATA and Gold:
Gold paper dump signifies sinking world economy, Embry tells KWN
Submitted by cpowell on Mon, 2015-07-20 12:32 Section: Daily Dispatches12:30p ET Monday, July 20, 2015
Dear Friend of GATA and Gold:
The more that gold is clobbered by the sudden dumping of futures contracts, Sprott Asset Management's John Embry tells King World News, the worse real conditions in the world economy must be. An excerpt from Embry's interview is posted at the KWN blog here:
Bron Suchecki: Dissection of a gold price smash
Submitted by cpowell on Mon, 2015-07-20 08:01 Section: Daily Dispatches8a ET Monday, July 20, 2015
Dear Friend of GATA and Gold:
Perth Mint research director Bron Suchecki analyzes the overnight smash in the gold price and determines that it started on the New York Commodities Exchange. Suchecki's analysis is headline "Dissection of a Gold Price Smash" and it's posted at the Perth Mint's Internet site here:
Traders suspicious of bear raid in gold amid low liquidity
Submitted by cpowell on Mon, 2015-07-20 07:48 Section: Daily DispatchesGold Bugs Squashed by Aggressive Selling
Henry Sanderson, Neil Hume, and David Sheppard
Financial Times, London
Monday, July 20, 2015
Now that they're being destroyed, even respectable people can admit that GATA is right
Submitted by cpowell on Sun, 2015-07-19 10:45 Section: Daily Dispatches11a ET Sunday, July 19, 2015
Dear Friend of GATA and Gold:
Our friend R.B. writes:
"Once China or any country comes out with an official statement saying it has X tonnes of gold when it really as a lot more (as China certainly does), how does it turn around later and say it has (and had, in fact, at the time of the previous statement) much more?
France's Hollande proposes creation of euro-zone government
Submitted by cpowell on Sun, 2015-07-19 10:15 Section: Daily DispatchesBy Angeline Benoit
Bloomberg News
Sunday, July 19, 2015
French President Francois Hollande said that the 19 countries using the euro need their own government complete with a budget and parliament to cooperate better and overcome the Greek crisis.
Koos Jansen: China likely has more gold than announced but isn't ready to rock the world
Submitted by cpowell on Sun, 2015-07-19 08:58 Section: Daily Dispatches9a ET Sunday, July 19, 2015
Dear Friend of GATA and Gold:
And now for what is probably the most informed analysis of last week's announcement by the People's Bank of China about its gold reserves -- the analysis by gold researcher and GATA consultant Koos Jansen.
Jansen's main assertions:
1) The announced reserve total is probably an understatement of actual reserves.
Central bank interventions overwhelm markets, Pento tells KWN
Submitted by cpowell on Sat, 2015-07-18 20:27 Section: Daily Dispatches8:25p ET Saturday, July 18, 2015
Dear Friend of GATA and Gold:
At KWN, China's gold reserves announcement ridiculed by Leeb, von Greyerz, Maguire
Submitted by cpowell on Sat, 2015-07-18 11:35 Section: Daily Dispatches11:34a ET Saturday, July 18, 2015
Dear Friend of GATA and Gold:
In interviews with King World News, fund managers Stephen Leeb and Egon von Greyerz and London metals trader Andrew Maguire ridicule Friday's announcement by China about its gold reserves, which, they maintain, are much greater than announced. The interviews are posted here:
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