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Daily Dispatches
Koos Jansen: Russia, China aim to unseat the world reserve currency
Submitted by cpowell on Thu, 2015-10-01 22:25 Section: Daily Dispatches10:24p ET Thursday, October 1, 2015
Dear Friend of GATA and Gold:
Alasdair Macleod: NIRP -- Its likelihood and effect on commodities
Submitted by cpowell on Thu, 2015-10-01 15:35 Section: Daily Dispatches3:34p ET Thursday, October 1, 2015
Dear Friend of GATA and Gold:
Dave Kranzler: Gold manipulation and conflict gold
Submitted by cpowell on Thu, 2015-10-01 15:15 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver, Colorado
Thursday, October 1, 2015
The king of high-frequency trading, Nanex's Eric Hunsader, has been on a crusade lately to expose the problematic and illegal manipulative side of high-frequency/algo-driven trading. Nowhere is the manipulation of any market more blatant and in-your-face illegal than in the paper gold market.
Financial Times notices that central banks are taking over the world
Submitted by cpowell on Thu, 2015-10-01 08:14 Section: Daily DispatchesCarney on Climate: Central Bankers Stray from Mandate
By Ferdinando Giugliano
Financial Times, London
Wednesday, September 30, 2015
Mervyn King, the former Bank of England governor, said "a successful central bank should be boring."
Silver coin shortage shows bright side of precious metal collapse
Submitted by cpowell on Thu, 2015-10-01 08:05 Section: Daily DispatchesBy Marcy Nicholson, A. Ananthalakshmi, and Jan Harvey
Reuters
Thursday, October 1, 2015
The global silver-coin market is in the grips of an unprecedented supply squeeze, forcing some mints to ration sales and step up overtime while sending U.S. buyers racing abroad to fulfill a sudden surge in demand.
Bron Suchecki: Blame the carpenter or the tool?
Submitted by cpowell on Thu, 2015-10-01 07:24 Section: Daily Dispatches7:36a ET Thursday, October 1, 2015
Dear Friend of GATA and Gold:
Replying to your secretary/treasurer, Perth Mint research director Bron Suchecki today defends the "financialization" of markets and particularly the financialization of the gold market, arguing that it has provided the advantage of leverage to retail investors.
But as your secretary/treasurer argued the other day --
Charging into the Yukon's new gold rush
Submitted by cpowell on Wed, 2015-09-30 11:26 Section: Daily DispatchesBy James Kwantes
Vancouver Sun, Vancouver, British Columbia, Canada
Tuesday, September 29, 2015
DAWSON CITY, Yukon Territory, Canada -- It is possible to travel by boat for hours down the Yukon River to Dawson City without spotting another human, although you will likely see moose and black bears -- and if you're lucky, a grizzly.
Rights group: Filipino child miners risk lives in gold mines
Submitted by cpowell on Wed, 2015-09-30 11:21 Section: Daily DispatchesThis is what happens when gold price suppression makes it impossible for easily regulatable corporations to mine gold responsibly in accordance with worker-safety and environmental-protection regulations. Wildcatters go into the business without any concern for protecting people or the environment.
* * *
By Teresa Cerojano
Associated Press
via MSNBC, New York
China boosts gold reserves 1% in August, diversifying assets
Submitted by cpowell on Wed, 2015-09-30 11:12 Section: Daily DispatchesBy Ranjeetha Pakiam
Bloomberg News
Wednesday, September 30, 2015
China boosted central bank gold holdings 1 percent as the country that rivals India as the world's largest bullion consumer seeks to diversify its foreign exchange reserves.
Shanghai gold withdrawals at record on signs of more demand
Submitted by cpowell on Wed, 2015-09-30 11:01 Section: Daily DispatchesFrom Bloomberg News
Wednesday, September 30, 3015
Investors have withdrawn a record amount of gold from the Shanghai Gold Exchange this year, adding to signs that demand in China is recovering after a stock market rout and a shock devaluation of the yuan.
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