Daily Dispatches

U.S. may revoke settlement agreements in currency-rigging probes

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By David McLaughlin and Tom Schoenberg
Bloomberg News
Tuesday, March 17, 2015

WASHINGTON -- U.S. prosecutors investigating currency manipulation are considering revoking years-old settlements and prosecuting banks for rigging interest rates, according to people familiar with the matter.

Europeans defy U.S. to join China-led development bank; Australia may be next

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By George Parker, Anne-Sylvaine Chassany, and Geoff Dyer
Financial Times, London
Monday, March 16, 2015

France, Germany, and Italy have all agreed to follow Britain's lead and join a China-led international development bank, according to European officials, delivering a blow to US efforts to keep leading Western countries out of the new institution.

Koos Jansen: Yuan's inclusion in SDRs likely will carry gold with it

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8a SGT Tuesday, March 17, 2015

Dear Friend of GATA and Gold:

Declining U.S. economy doesn't support soaring dollar, Embry tells KWN

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7:45a SGT Tuesday, March 17, 2015

Dear Friend of GATA and Gold:

China seems to be claiming 88 percent of world gold mine production

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11:31a ICT Sunday, March 15, 2015

Dear Friend of GATA and Gold:

U.S. seeks billions from global banks in currency manipulation settlement

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That is: Nobody rigs our markets but us.

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By Keri Geiger and Greg Farrell
Bloomberg News
Friday, March 13, 2015

NEW YORK -- The U.S. Justice Department is seeking about $1 billion each from global banks being investigated for manipulation of currency markets, according to two people familiar with the talks.

Ronan Manly: Chinese bank participation in new London metals pricing system isn't assured

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8a ICT Saturday, March 14, 2015

Dear Friend of GATA and Gold:

Here's a summary of reports of interest published in the last few hours.

-- Gold researcher and GATA consultant Ronan Manly is skeptical of assumptions that Chinese banks are set to have much influence in the new London gold and silver price-reporting mechanisms in London:

Gold market sentiment matters no more than technical analysis does

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2:05p ICT Friday, March 13, 2015

Dear Friend of GATA and Gold:

Some gold market analysts are noting that sentiment in the sector has probably never been worse. They construe this as an indicator of a bottom in the metal's price and the price of gold mining shares. But in a market as manipulated as the gold market, sentiment has no more meaning than technical analysis does.

Koos Jansen: The mechanics of the Chinese gold market

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10:10a ICT Friday, March 13, 2015

Dear Friend of GATA and Gold:

U.K. seeks to join China-backed Asian infrastructure bank

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By Maria Levitov
Bloomberg News
Thursday, March 12, 2015

LONDON -- The U.K. is looking to join China's Asian Infrastructure Investment Bank, becoming the first "major western country" to apply for membership, Chancellor of the Exchequer George Osborne said.

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