Daily Dispatches

China's fourth gold ETF raises about $50 million

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By A. Ananthalakshmi
Reuters
Thursday, August 14, 2014

SINGAPORE -- Bosera Funds has raised $50 million for China's fourth gold-backed exchange-traded fund that it aims to launch soon, at a time when investment demand for the precious metal has been sluggish in the world's biggest bullion consumer.

Euro-zone economy grinds to halt even before Russia sanctions bite

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By Michelle Martin and Martin Santa
Reuters
Thursday, August 14, 2014

Euro-zone economic growth ground to a halt in the second quarter as Germany's economy shrank and France's stagnated.

Gold demand in China slumps 52% as buying frenzy subsides, WGC says

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From Bloomberg News
Thursday, August 14, 2014

Gold demand in China shrank in the second quarter as consumers in the biggest user bought fewer bars, coins, and jewelry amid a clampdown on corruption and as the buying spurred by last year's price slump wasn't sustained.

Putin says Russia should aim to sell energy in rubles

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By Alexei Anishchuk and Dmitry Zhdannikov
Reuters
Thursday, August 14, 2014

YALTA, Crimea -- President Vladimir Putin said on Thursday Russia should aim to sell its oil and gas for roubles globally because the dollar monopoly in energy trade was damaging Russia's economy. ...

... For the remainder of the story:

Silver price going electronic in quest for transparency

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By Nicholas Larkin
Bloomberg News
Thursday, August 14, 2014

http://www.bloomberg.com/news/2014-08-14/silver-price-going-electronic-i...

LONDON -- The silver-pricing method begun during the reign of Queen Victoria ends today in London as the $5 trillion market shifts to a more transparent process and regulators expand scrutiny of how commodity benchmarks are set.

Economies are not improving, Barron and Celente tell King World News

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12:51a ET Thursday, August 14, 2014

Dear Friend of GATA and Gold:

Propaganda about improving economies is disinformation, mining entrepreneur and geologist Keith Barron tells King World News from Europe:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/8/14_It...

At Australian mint, history thwarts a golden opportunity

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Heritage Cops Stand in Way of Harvesting Dust Trove Trapped in Walls

By Rhiannon Hoyle
The Wall Street Journal
Thursday, August 13, 2014

PERTH, Australia -- Greg Cooke knows where gold worth hundreds of thousands of dollars is hidden. But like many people in this mining city, his problem isn't finding the precious metal; it is being able to recover it.

On CNBC Asia, GATA secretary cites growing documentation of gold price suppression

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12:25a ET Thursday, August 13, 2014

Dear Friend of GATA and Gold:

U.S. gold reserve is leased but undeliverable, Jim Rickards tells Peter Schiff

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12:02a ET Thursday, August 14, 2014

Dear Friend of GATA and Gold:

Interviewed by fund manager Peter Schiff, geo-political strategist, author, and fund manager James G. Rickards asserts, among other things, that:

-- The U.S. gold reserve has been leased out but has not left its vaults.

London gold fix lawsuits to be consolidated in New York

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By Andrew Longstreth
Reuters
Wednesday, August 13, 2014

A federal judicial panel on Wednesday ordered that 18 lawsuits alleging a conspiracy to manipulate gold prices be consolidated into one proceeding in New York.

The cases will be sent to U.S. District Judge Valerie Caproni in Manhattan, who has already been overseeing more than two dozen cases.

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