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Daily Dispatches
Direxion Asset Management closing 3X leveraged gold ETF
Submitted by cpowell on Wed, 2015-05-27 21:34 Section: Daily DispatchesCompany Announcement
via PRNewswire
Tuesday, May 26, 2015
NEW YORK -- The Direxion Shares ETF Trust II has decided to liquidate and close the Direxion Daily Gold Bull 3X Shares (BAR) exchange-traded fund based on the recommendation of Direxion Asset Management LLC, the fund's sponsor.
Chinese mining group buys $710 million in gold and copper assets
Submitted by cpowell on Wed, 2015-05-27 12:49 Section: Daily DispatchesChinese Firm Zijin Mining Group Buys US$710 Million in Gold and Copper Assets
By Jing Yang
South China Morning Post, Hong Kong
Wednesday, May 27, 2015
http://www.scmp.com/business/commodities/article/1810014/chinese-firm-zi...
LIBOR riggers included Bank of England's 'Hammer' in their e-mail plotting
Submitted by cpowell on Wed, 2015-05-27 11:36 Section: Daily DispatchesBank of England Official Received Emails Relating to Libor Manipulation, Prosecutor Says
By David Enrich
The Wall Street Journal
Wednesday, May 27, 2015
LONDON -- A senior Bank of England official received emails that were part of an alleged campaign to rig benchmark interest rates, according to evidence presented in a London trial today.
Texas could create its own Fort Knox to store gold
Submitted by cpowell on Wed, 2015-05-27 08:41 Section: Daily DispatchesBy Mike Ward
Houston Chronicle
Tuesday, May 26, 2015
http://www.houstonchronicle.com/news/politics/texas/article/Texas-could-...
AUSTIN, Texas -- Texas could get its own version of Fort Knox, the impenetrable repository for the nation's gold bullion, if the Legislature gets its way.
Busted metals traders distract from larger manipulation problem
Submitted by cpowell on Tue, 2015-05-26 22:14 Section: Daily Dispatches10:14p ET Tuesday, May 26, 2015
Dear Friend of GATA and Gold:
China's currency 'no longer undervalued,' IMF says, clearing entry to SDRs
Submitted by cpowell on Tue, 2015-05-26 21:02 Section: Daily DispatchesBy Tom Mitchell and Shawn Donnan
Financial Times, London
Tuesday, May 26, 2015
The International Monetary Fund has declared that China's currency is "no longer undervalued," marking a significant shift after more than a decade of criticism of Beijing's tight management of the renminbi.
Gold smuggling in India rises 900% to record
Submitted by cpowell on Tue, 2015-05-26 20:51 Section: Daily DispatchesGold Smuggling at All-Time High, Seizures Total Rs 1,000 Crore
By Deeptiman Tiwary
The Times of India, Mumbai
Wednesday, May 27, 2015
Russia acquires gold as defense against 'political risks,' central banker explains
Submitted by cpowell on Tue, 2015-05-26 20:35 Section: Daily DispatchesBy Elena Fabrichnaya and Alexander Winning
Reuters
Tuesday, May 26, 2015
Russia is increasing its gold holdings because gold is a reserve asset free from legal and political risks, a senior central banker said on Tuesday.
Koos Jansen: Chinese gold demand is stronger than ever but not THAT strong
Submitted by cpowell on Tue, 2015-05-26 10:54 Section: Daily Dispatches10:50a ET Tuesday, May 26, 2015
Dear Friend of GATA and Gold:
Gold demand in China as signified by offtake from the Shanghai Gold Exchange is stronger than ever, gold researcher and GATA consultant Koos Jansen reports today, but he adds that he is more than skeptical of a recent report in Taiwan's China Times --
TF Metals Report: Bullion banks now short 350% of all Comex gold and silver stocks
Submitted by cpowell on Mon, 2015-05-25 23:49 Section: Daily Dispatches11:51p ET Monday, May 25, 2015
Dear Friend of GATA and Gold:
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