Daily Dispatches

Alasdair Macleod: Inaccurate statistics and the threat to bonds

Section:

9:22p ET Thursday, May 21, 2015

Dear Friend of GATA and Gold:

Bron Suchecki: Indian gold monetization scheme a temporary solution

Section:

9:12p ET Thursday, May 21, 2015

Dear Friend of GATA and Gold:

Reuters: CME developing European gold futures contract

Section:

Is it to increase deliveries, as the sources tell Reuters, or just to paperize London more?

* * *

By Clara Denina and Jan Harvey
Reuters
Thursday, May 21, 2015

Von Greyerz asks: How much gold do West and China really have?

Section:

12:50p ET Thursday, May 21, 2015

Dear Friend of GATA and Gold:

As debt collapses of its own weight and brings derivatives down with it, Swiss gold fund manager Egon von Greyerz tells King World News today, the determinant of the world's new financial system will be a matter of who has gold and who doesn't. An excerpt from von Greyerz's interview is posted at the KWN blog here:

TF Metals Report: India's gold scheme would create more imaginary gold

Section:

11:34a ET Thursday, May 21, 2015

Dear Friend of GATA and Gold:

Koos Jansen: China's gold purchases -- separating facts from speculation

Section:

8:35a ET Thursday, May 21, 2015

Dear Friend of GATA and Gold:

Bloomberg imagines a wild price for gold if it ever formally backed Chinese yuan

Section:

Chinese Gold Standard Would Need a Rate 50 Times Bullion's Price

By Nicholas Larkin and Eddie Van Der Walt
Bloomberg News
Wednesday, May 20, 2015

A move to a gold standard in China would require an exchange rate of as much as $64,000 an ounce, 50 times bullion's price now, according to Bloomberg Intelligence.

Indian banks doubt that gold paperization scheme will do much

Section:

India's Gold Monetisation Plan Lacks Lustre, Industry Says

By A. Ananthalakshmi and Rajendra Jadhav
Reuters
Wednesday, May 20, 2015

A proposal in India to attract thousands of tonnes of gold owned by households into a bank deposit scheme will likely fail in its current form as it does not address some key concerns for banks and consumers.

Big banks plead guilty to currency market-rigging conspiracy, will pay $5.8 billion

Section:

So much for mere conspiracy "theory."

* * *

Six Banks Pay $5.8 Billion, Five Plead Guilty to Market Rigging

By David McLaughlin, Tom Schoenberg, Liam Vaughan
Bloomberg News
Wednesday, May 20, 2015

Goodbye, zinc rally: CME Group creates futures contract, engages JPM to rig price

Section:

By Luc Cohen
Reuters
Monday, May 18, 2015

CME Group Inc. said on Monday it would launch a zinc futures contract next month, stepping up a global battle for metals market share with the London Metal Exchange amid expanding Asian markets.

Syndicate content