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Daily Dispatches
D-Day for insolvent West may be Feb. 28, Turk tells KWN
Submitted by cpowell on Mon, 2015-02-02 17:02 Section: Daily Dispatches5p ET Monday, February 2, 2015
Dear Friend of GATA and Gold:
Fed is out of ammo, Embry tells King World News
Submitted by cpowell on Mon, 2015-02-02 16:44 Section: Daily Dispatches4:45p ET Monday, February 2, 2015
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry tells King World News today that the monetary metals markets have a strengthening tone to them and that the U.S. Federal Reserve is out of ammunition for propping up the equity markets. An excerpt from Embry's interview is posted at the KWN blog here:
Campaign to audit Federal Reserve gathers pace
Submitted by cpowell on Mon, 2015-02-02 16:38 Section: Daily DispatchesSam Fleming and Barney Jopson
Financial Times, London
Monday, February 2, 2015
http://www.ft.com/intl/cms/s/0/182e3278-aa2e-11e4-8f91-00144feab7de.html
The US Federal Reserve is coming under the most political pressure it has faced since the financial crisis, as Republicans who say it lacks transparency attempt to subject its monetary policy deliberations to external audit.
Has Swiss National Bank adopted a secret currency peg?
Submitted by cpowell on Mon, 2015-02-02 13:55 Section: Daily DispatchesBy Matt Clinch
CNBC, New York
Monday, February 2, 2015
There is growing speculation that the Swiss National Bank has set a new target for the country's currency, as the Swiss franc continues to tick lower against the euro.
Chinese banks to join new gold fix in March
Submitted by cpowell on Mon, 2015-02-02 07:56 Section: Daily DispatchesBy Henry Sanderson
Financial Times, London
Monday, February 2, 2015
The replacement for the near-century old London gold fix will start in March, with the hope of attracting at least 11 members, including Chinese banks for the first time.
UK financial authorities are undertaking an assessment of financial benchmarks in the wake of a series of scandals, including the gold fix.
Koos Jansen: Thompson Reuters GFMS double-counts Shanghai gold trading
Submitted by cpowell on Sun, 2015-02-01 14:45 Section: Daily Dispatches2:43p ET Sunday, February 1, 2015
Dear Friend of GATA and Gold:
Bullion Star market analyst and GATA consultant Koos Jansen discloses today that the leading precious metals consultancy, Thompson Reuters GFMS, has doubled-counted gold trading on the Shanghai Gold Exchange. People pay big fees for the Thompson Reuters GFMS data, while Jansen's analysis remains free to all. What a world.
Bron Suchecki: Repatriation update
Submitted by cpowell on Sat, 2015-01-31 15:06 Section: Daily Dispatches3:04p ET Saturday, January 31, 2015
Dear Friend of GATA and Gold:
Gold market analyst Bron Suchecki of the Perth Mint today notes the seeming discrepancies around the recent repatriations of German and Dutch gold reserves from the Federal Reserve Bank of New York and concludes that the discrepancies may be best explained by unannounced gold swaps.
Ronan Manly: The IMF's gold depositories -- Part 1, the legal background
Submitted by cpowell on Sat, 2015-01-31 12:14 Section: Daily Dispatches12:13p ET Saturday, January 31, 2015
Dear Friend of GATA and Gold:
GATA consultant Ronan Manly today begins publishing his study of the gold depositories of the International Monetary Fund, noting that the IMF does not have its own depositories but rather uses the vaults of its member central banks in the United States, United Kingdom, France, and India.
Koos Jansen: German, Dutch gold repatriation totals don't match New York Fed's numbers
Submitted by cpowell on Sat, 2015-01-31 11:23 Section: Daily Dispatches11:22a ET Saturday, January 31, 2015
Dear Friend of GATA and Gold:
Maguire says deadly challenge to London gold market is imminent
Submitted by cpowell on Fri, 2015-01-30 22:35 Section: Daily Dispatches10:34p ET Friday, January 30, 2015
Dear Friend of GATA and Gold:
Interviewed by King World News, London metals trader Andrew Maguire predicts that a deadly challenge to the London gold market and London Bullion Market Association is only days away from being announced. Maguire's interview is excerpted in two parts at the KWN blog here: