Daily Dispatches

Seven banks fined in Swiss probes of rate-rigging cartels

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By Cindy Roberts and Donal Griffin
Bloomberg News
Wednesday, December 21, 2016

Switzerland handed out about $100 million in antitrust fines against seven U.S. and European banks for participating in cartels to manipulate widely used financial benchmarks.

Ex-Deutsche Bank trader accused of market manipulation in Russia

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By Martin Arnold and Max Seddon
Financial Times, London
Tuesday, December 20, 2016

Russia's central bank said on Tuesday it had found evidence of "large scale" market manipulation by Deutsche Bank’s former head of Russian equity trading, accusing him of doing R300 billion ($4.8 billion) of illicit trades in the names of his relatives.

Dollar, not Dow, is key measure, Turk tells King World News

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11:37a ET Monday, December 19, 2016

Dear Friend of GATA and Gold:

IMF head Christine Lagarde convicted in French negligence trial

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By Gaspard Sebag
Bloomberg News
Monday, December 19, 2016

Christine Lagarde today was convicted of negligence by a Paris court over her handling of a multimillion-euro dispute during her time as France's finance minister nearly a decade ago, raising questions about her role as head of the International Monetary Fund.

Digital currency sales take off, but with no regulation, questions abound

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By Gertrude Chavez-Dreyfuss
Reuters
Monday, December 19, 2016

NEW YORK -- A small but rapidly growing number of digital technology start-ups is raising cash by creating and selling their own currencies in offerings that bypass banks or venture capital firms as intermediaries and are outside the reach of financial regulators.

Archive of gold and silver market rigging reports added to annotated gold chart

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11:36p ET Sunday, December 18, 2016

Dear Friend of GATA and Gold:

A Christmas present from Hugo Salinas Price

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11:29a ET Saturday, December 17, 2016

Dear Friend of GATA and Gold:

Turks seek gold more than liras in response to Erdogan's call

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By Constantine Courcoulas
Bloomberg News
Friday, December 16, 2016

Asked by President Recep Tayyip Erdogan to shun the dollar, Turks are favoring gold over liras.

Doug Pollitt: 'Tinfoil hat crowd' was right, and gold mining executives are saps

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2:21p ET Friday, December 16, 2016

Dear Friend of GATA and Gold:

Responding to the documentation just disgorged by Deutsche Bank in federal court in New York, Doug Pollitt of investment house Pollitt & Co. in Toronto today declares victory for the "tinfoil hat crowd" in the contest over manipulation of the monetary metals markets.

High gold premiums in China are demand-driven, Maguire tells KWN

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1:37p ET Friday, December 16, 2016

Dear Friend of GATA and Gold:

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