Daily Dispatches

Ronan Manly: The gold vaults of Hong Kong

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2:50p HKT Saturday, April 9, 2016

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly this week examines the gold vaults of Hong Kong, where, he notes, far more gold transfers are made than in the gold vaults associated with the New York Commodities Exchange. Manly's study is headlined "The Gold Vaults of Hong Kong: Brinks, Malca Amit, Loomis" and it's posted at Bullion Star here:

GoldSeek Radio interviews GATA's Murphy and Sprott's Embry

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2:31p HKT Saturday, April 9, 2016

Dear Friend of GATA and Gold:

GoldSeek Radio's Chris Waltzek this week interviewed GATA Chairman Bill Murphy for 14 minutes about developments in the gold market --

http://news.goldseek.com/radio/1460127802.php

-- as well as Sprott Asset Management's John Embry for about 12 minutes:

http://news.goldseek.com/radio/1460127600.php

Actual life in the junior gold mining sector

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Oceana Gold announces strategic investment in NuLegacy Gold

Company Press Release
via CNW Group, Montreal
Thursday, April 7, 2016

War on cash and savers will prompt scramble for real metal, Hathaway says

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5:55p HKT Friday, April 8, 2016

Dear Friend of GATA and Gold:

Tocqueville Gold Fund manager John Hathaway tells King World News today that the war on cash and savers being waged by central banks likely will prompt a scramble for physical gold -- and there isn't much available for sale at current prices. An excerpt from Hathaway's interview is posted at KWN here:

Peter DeGraaf: Gold and silver miners should 'starve the paper market'

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5:46p HTK Friday, April 8, 2016

Dear Friend of GATA and Gold:

London's $5 trillion gold hub getting ready for a major overhaul

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By Eddie Van Der Walt
Bloomberg News
Wednesday, April 6, 2016

There's a competition brewing to figure out how the world's largest gold-trading hub can get bigger and better.

Venezuela ordered to pay Crystallex $1.4 billion in arbitration ruling

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By Peter Koven
National Post, Toronto
Tuesday, April 5, 2016

An arbitration tribunal has ordered the Venezuelan government to pay a whopping US$1.386 billion to Canadian miner Crystallex International Corp., saying the state caused all of Crystallex's investments "to become worthless."

Gold price suppression is mentioned without a sneer at Kitco

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4:17p HKT Friday, April 8, 2016

Dear Friend of GATA and Gold:

Alasdair Macleod: Gold and interest rates

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, April 7, 2016

It is commonly assumed that the gold price and interest rates move in opposite directions. In other words, a tendency towards higher interest rates is accompanied by a lower gold price.

Like all assumptions about prices, sometimes it is true and sometimes not.

Puerto Rico passes bill allowing halt to debt payments

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Is Illinois next?

* * *

By Mary Williams Walsh
The New York Times
Wednesday, April 6, 2016

Gov. Alejandro García Padilla of Puerto Rico on Wednesday signed a bill that would allow him to declare an emergency and give him authority to halt payments on the island's crushing $72 billion debt.

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