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Daily Dispatches
Bond traders want prices concealed to sustain liquidity
Submitted by cpowell on Sun, 2015-06-14 18:16 Section: Daily DispatchesFINRA Summons Banks and Asset Managers over Market Fears
Robin Wigglesworth and Joe Rennison
Financial Times, London
Sunday, June 14, 2015
NEW YORK -- A US financial regulator has summoned a clutch of senior executives from banks and asset managers for two meetings to explore potential solutions to a liquidity crunch confronting bond markets.
Gold smuggling into India soars despite easing of import curbs
Submitted by cpowell on Sun, 2015-06-14 14:44 Section: Daily DispatchesFive-Time Jump in Gold Smuggling; Seizure Worth Rs 1,120 Crore
From The Press Trust of India
via The Times of India, Mumbai
Sunday, June 14, 2015
NEW DELHI -- There has been an unprecedented five-time jump in cases of gold smuggling in 2014-15 over 2012-13 during which yellow metal worth Rs 1,120 crore was seized, notwithstanding easing of curbs on its import.
Ronan Manly: As World Gold Council's membership falls, it hikes fees to GLD
Submitted by cpowell on Sun, 2015-06-14 11:37 Section: Daily Dispatches11:40a ET Sunday, June 14, 2015
Dear Friend of GATA and Gold:
As the World Gold Council's membership of mining companies has been declining, reducing annual dues payments, the council now is generating most of its income through royalties from the exchange-traded gold fund GLD, gold researcher and GATA consultant Ronan Manly reports today.
Jansen disputes Klapwijk on China's gold demand
Submitted by cpowell on Sat, 2015-06-13 09:58 Section: Daily Dispatches10a ET Saturday, June 13, 2015
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen today disputes gold consultancy executive Phillip Klapwijk's lesser estimates of China's gold demand. Jansen's commentary is headlined "Western Consultancy Firms Continue Making Up False Arguments to Debunk SGE Withdrawals" and it's posted at Bullion Star here:
Texas governor signs gold depository legislation
Submitted by cpowell on Sat, 2015-06-13 09:45 Section: Daily DispatchesThe governor says here the state's gold is now at the Federal Reserve Bank of New York. But last month the gold was reported to be vaulted with HSBC in New York:
http://www.gata.org/node/15412
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Abbott Signs Law Creating Texas Depository for State Gold
From the Associated Press
via Beaumont (Texas) Enterprise
Friday, June 12, 2015
TF Metals Report: Here we go again -- another silver short squeeze looms
Submitted by cpowell on Fri, 2015-06-12 16:22 Section: Daily Dispatches4:21p ET Friday, June 12, 2015
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson today explains why he believes that a substantial short squeeze in silver is imminent, set up by the bullion banks, which will crush the hedge funds that are short and allow the bullion banks to prepare the next silver price smashdown.
All they had to do was monetize the gold from their own mines
Submitted by cpowell on Thu, 2015-06-11 14:24 Section: Daily DispatchesAnother rich country insisting on being poor.
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Zimbabwe to Phase Out Worthless Local Dollar
From Agence France-Presse
via Raidio Teilifis Eireann, Dublin
Thursday, June 11, 2015
http://www.rte.ie/news/business/2015/0611/707434-zimbabwe-dollar/
Alasdair Macleod: The fallacies of GDP
Submitted by cpowell on Thu, 2015-06-11 14:10 Section: Daily Dispatches2:09p ET Thursday, June 11, 2015
Dear Friend of GATA and Gold:
GoldMoney's head of research, Alasdair Macleod, today explains why gross domestic product, a statistic worshipped by some economists, is misleading and does only harm.
Real Vision has great interview with Andrew Maguire about gold suppression
Submitted by cpowell on Thu, 2015-06-11 13:58 Section: Daily Dispatches1:58p ET Thursday, June 11, 2015
Dear Friend of GATA and Gold:
Singapore-based fund manager Grant Williams has just done an outstanding and detailed interview with London metals trader Andrew Maguire in the Real Vision series of in-depth interviews with leading figures in the financial markets.
Among the topics discussed by Maguire and Williams:
Justice Department looks for rigging in Treasuries, gold, silver, oil
Submitted by cpowell on Wed, 2015-06-10 22:18 Section: Daily DispatchesTreasuries Collusion Said to Be Hunted in New Wave of Probes
By Keri Geiger and Matthew Leising
Bloomberg News
Wednesday, June 10, 2015
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