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Daily Dispatches
Mysterious BIS gold swaps are likely a bullion bank bailout
Submitted by cpowell on Thu, 2010-07-08 15:24 Section: Daily DispatchesBy Adrian Douglas
Thursday, July 8, 2010
The latest twist in the gold swap saga of the Bank for International Settlements is intriguing, as indicated by last night's GATA Dispatch, "Gold Swap Mystery Deepens as BIS Gets Correction from Wall Street Journal":
Izabella Kaminska: BIS gold swap intrigue continues
Submitted by cpowell on Thu, 2010-07-08 11:12 Section: Daily Dispatches11:10a ET Thursday, July 6, 2010
Dear Friend of GATA and Gold:
$600 coin purchase or sale will require tax form in U.S. in 2012
Submitted by cpowell on Wed, 2010-07-07 23:26 Section: Daily Dispatches11:23p ET Wednesday, July 7, 2010
Dear Friend of GATA and Gold:
No wonder even China is trying to talk gold down
Submitted by cpowell on Wed, 2010-07-07 23:17 Section: Daily DispatchesThere isn't enough for the government AND the people.
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Gold Demand in China Jumps on Stock Slump, Cooling Measures, Exchange Says
By Feiwen Rong
Bloomberg News
Wednesday, July 7, 2010
http://www.bloomberg.com/news/2010-07-07/gold-demand-in-china-jumps-on-s...
Gold swap mystery deepens as BIS gets correction from Wall Street Journal
Submitted by cpowell on Wed, 2010-07-07 22:41 Section: Daily Dispatches10:47p ET Wednesday, July 7, 2010
Dear Friend of GATA and Gold:
The Wall Street Journal this evening updated and corrected its report about the gold swaps undertaken by the Bank for International Settlements, disclosing an e-mailed statement from the BIS stating that the swaps were with commercial banks, not central banks as the newspaper first reported.
All currencies have depreciated against gold and silver this year
Submitted by cpowell on Wed, 2010-07-07 21:55 Section: Daily Dispatches9:55p ET Wednesday, July 7, 2010
Dear Friend of GATA and Gold (and Silver):
GoldSilver.com has posted wonderful charts of the gains scored by gold and silver against world currencies so far this year. It appears that not one currency has even kept even with the precious metals. GoldSilver.com calls this "the race to debase." You can find the charts here:
China seen letting U.S. down gently as it prepares for dollar's fall
Submitted by cpowell on Wed, 2010-07-07 17:57 Section: Daily Dispatches5:41p ET Wednesday, July 7, 2010
Dear Friend of GATA and Gold:
China says it won't dump treasuries or pile into gold
Submitted by cpowell on Wed, 2010-07-07 17:38 Section: Daily DispatchesNow why would anyone ever suspect such an option?
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China Won't Dump Treasuries or Pile into Gold
By Zhou Xin and Alan Wheatley
Reuters
Wednesday, July 7, 2010
Mystery around BIS gold swaps impugns them as market rigging
Submitted by cpowell on Wed, 2010-07-07 11:30 Section: Daily Dispatches11:45a ET Wednesday, July 7, 2010
Dear Friend of GATA and Gold:
What can be made of this week's reports that the Bank for International Settlements has undertaken gold swaps with central banks, giving them dollars for their pawned gold?
A few things have to be considered.
First, the BIS apparently has been engaged in surreptitious manipulation of the gold market for a long time.
Jeff Nielson: The seven sins of GLD
Submitted by cpowell on Tue, 2010-07-06 23:35 Section: Daily Dispatches11:35p ET Tuesday, July 6, 2010
Dear Friend of GATA and Gold:
Jeff Nielson of Bullion Bulls Canada has read through the prospectus for the gold exchange-traded fund GLD and is appalled. His analysis is headlined "The Seven Sins of GLD" and you can find it at Bullion Bulls Canada here:
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