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Daily Dispatches
Telegraph notes research on China's huge gold demand by GoldMoney's Macleod
Submitted by cpowell on Wed, 2014-04-09 19:16 Section: Daily DispatchesChina 'Has More Gold Than Official Figures Show'
By Olivia Goldhill
The Telegraph, London
Wednesday, April 9, 2014
http://www.telegraph.co.uk/finance/commodities/10753182/China-has-more-g...
China could be holding even more gold than previously realised, according to Alasdair Macleod, a researcher at online precious metals trader GoldMoney.
Leeb sees petro-dollar fading; Boyd acknowledges gold price is 'managed'
Submitted by cpowell on Wed, 2014-04-09 00:37 Section: Daily Dispatches12:35a ET Wednesday, April 9, 2014
Dear Friend of GATA and Gold:
At King World News fund manager Stephen Leeb sees the world transitioning away from the petro-dollar into a mechanism pricing oil in a basket of currencies:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/8_Col...
SEC lawyer, retiring, says agency too timid with Wall Street misdeeds
Submitted by cpowell on Wed, 2014-04-09 00:33 Section: Daily DispatchesBy Robert Schmidt
Bloomberg News
Tuesday, April 8, 2014
A trial attorney from the Securities and Exchange Commission said his bosses were too "tentative and fearful" to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator's outside critics.
Koos Jansen: China gold demand fell in last week of March but remains high
Submitted by cpowell on Wed, 2014-04-09 00:27 Section: Daily Dispatches12:25a ET Wednesday, April 9, 2014
Dear Friend of GATA and Gold:
Updating the Chinese gold demand figures, gold researcher and GATA consultant Koos Jansen reports that demand for the last full week in March declined a bit over the year-to-date weekly average but remained high:
http://www.ingoldwetrust.ch/chinese-gold-demand-559-mt-ytd-up-16
CHRIS POWELL, Secretary/Treasurer
John Crudele: Did Goldman use HFT to rig markets for the U.S. government?
Submitted by cpowell on Wed, 2014-04-09 00:17 Section: Daily DispatchesGoldman Keeps Its 'Flash Boys' Under Wraps
By John Crudele
New York Post
Monday, April 7, 2014
http://nypost.com/2014/04/07/goldman-keeps-its-flash-boys-under-wraps/
Yep, the stock market is rigged.
U.S. bristles at China's infringement of its monopoly on currency market rigging
Submitted by cpowell on Tue, 2014-04-08 03:32 Section: Daily DispatchesUS Warns China After Renminbi Depreciation
By Robin Harding and Josh Noble
Financial Times, London
Tuesday, April 8, 2014
The US has warned Beijing not to go back to manipulating its currency, following a sharp depreciation of the renminbi since the start of 2014.
Fed gives banks extra time for compliance with Volcker Rule
Submitted by cpowell on Mon, 2014-04-07 22:20 Section: Daily DispatchesBy Gina Chon
Financial Times, London
Monday, April 7, 2014
WASHINGTON -- The Federal Reserve granted a fresh concession to banks that are subject to the Volcker rule on Monday, giving them two more years to offload their holdings in collateralised loan obligations to comply with the measure.
At KWN, Turk cites gold backwardation, Embry cites gold lockdown
Submitted by cpowell on Mon, 2014-04-07 22:16 Section: Daily Dispatches10:15a HKT Tuesday, April 8, 2014
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk today tells King World News about the growing backwardation in the gold market as central bank intervention increasingly distorts all major markets:
Tocqueville's Hathaway says London probe could scare off investors
Submitted by cpowell on Mon, 2014-04-07 12:30 Section: Daily DispatchesBy Francesa Freeman
The Wall Street Journal
Monday, April 7, 2014
Investigations into the London gold fix could scare institutional investors away from the metal, according the head of one of the world's largest investors in gold and precious metals mining shares.
India's central bank eases gold import restrictions and their repeal is expected
Submitted by cpowell on Mon, 2014-04-07 12:05 Section: Daily Dispatches12:02a HKT Tuesday, April 8, 2014
Dear Friend of GATA and Gold:
Resource Investor's Paul Ploumis reports that the Reserve Bank of India has authorized five more banks to import gold into the country and that the new government being elected this week is expected to get rid of gold import restrictions entirely:
http://www.resourceinvestor.com/2014/04/07/gold-premiums-tumble-in-india
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