Daily Dispatches

Maguire says deadly challenge to London gold market is imminent

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10:34p 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:

Alasdair Macleod: More euro-tragedy

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3:05p ET Friday, January 30, 2015

Dear Friend of GATA and Gold:

Koos Jansen: Despite rising price, staggering gold withdrawals in Shanghai

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By Koos Jansen
Bullion Star, Singaore
Friday, January 30, 2015

New Greek government opposes Canadian company's gold mine

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By Angeliki Koutantou
Reuters
Friday, January 30, 2015

ATHENS, Greece -- Greece's new left-wing government will cancel plans to sell the state natural gas utility and is firmly opposed to a Canadian-run gold mine that is among the biggest foreign investment projects in the country, the energy minister told Reuters.

Russia increases gold purchases by 123%

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From Russia Today, Moscow
Friday, January 30, 2015

The Central Bank of Russia bought a record amount of gold in the first 11 months of 2014 spending an estimated $6.1 billion. Increasing gold reserves attempts to reduce dependence on the dollar amid geopolitical tension, Mark O’Byrne of GoldCore told Russia Today. ...

Russia buys record amounts of gold

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By Henry Sanderson
Financial Times, London
Thursday, January 29, 2015

http://www.ft.com/intl/cms/s/0/13b55dd6-a7b6-11e4-be63-00144feab7de.html

Saville says gold's flow doesn't matter to price; U.S. and China disagree

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2:58p ET Thursday, January 29, 2015

Dear Friend of GATA and Gold:

At the New York Fed, gold can leave discreetly by the back door

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11:46a ET Thursday, January 29, 2015

Dear Friend of GATA and Gold:

With his meticulously documented report yesterday about the close connection between the auxiliary gold vault of the Federal Reserve Bank of New York and the vault area of the adjacent JPMorganChase & Co. building, GATA consultant Ronan Manly was pretty cautious:

http://www.gata.org/node/15033

Banks rigging markets are like 'careless fighter pilots'

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By James Titcomb
The Telegraph, London
Thursday, January 29, 2015

A senior Bank of England official has compared banks' failures to prevent Libor and foreign exchange rigging to a fighter pilot ignoring safety checks, saying it should be in the banks’'own interests to stamp out bad behaviour.

Sen. Rand Paul re-introduces 'audit the Fed' bill

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By Michael Flaherty
Reuters
Wednesday, January 28, 2015

Republican U.S. Sen. Rand Paul, a potential 2016 presidential candidate, on Wednesday re-introduced a bill that would expose the Federal Reserve's monetary policy discussions and decisions to a congressional audit.

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