Daily Dispatches

Chinese company buys full control of Eldorado's Jinfeng mine

Section:

China keeps trading fiat for metal.

* * *

Eldorado Announces Agreement to Sell Jinfeng Mine

Company Press Release
PR Newswire via Yahoo Finance
Tuesday, April 26, 2016

Hong Kong's gold exchange to work with ICBC in launch of Shenzhen services

Section:

By Enoch Yiu
South China Morning Post, Hong Kong
Sunday, April 24, 2016

The Hong Kong gold exchange has teamed up with Industrial and Commercial Bank of China (ICBC) to launch gold trading services in the Qianhai free trade zone in September, providing custodial and physical settlement service targeted at commercial users and precious metals traders, according to the exchange head.

Ronan Manly: Shanghai gold benchmark price -- new kid on the block

Section:

5:15p ET Saturday, April 23, 2016

Dear Friend of GATA and Gold:

Federal court upholds gold clause for determining commercial building's rent

Section:

Judge: Building Owner Can Charge Rent Based on Gold Prices

By Andrew Welsh-Huggins 
Associated Press
via Washington Post
Saturday, April 23, 2016

COLUMBUS, Ohio -- A downtown office building is worth its weight in gold, according to a federal judge who upheld a nearly century-old lease that tied rent to the current price of the metal.

CFTC didn't know of Deutsche's market-rigging settlement until asked by GATA

Section:

12:23p ET Saturday, April 23, 2016

Dear Friend of GATA and Gold:

While it may be hard to believe, it seems that the U.S. Commodity Futures Trading Commission was unaware of Deutsche Bank's agreement to settle a class-action lawsuit accusing it of manipulating the gold and silver markets until GATA repeatedly sought to bring the matter to the commission's attention over the last week.

'Massive' pressure for gold price reset, Maguire tells KWN

Section:

1:56p ET Friday, April 22, 2016

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire says the physical gold market, spurred by China, is steadily taking control of the market from the Western derivatives mongers and "the pressures for a price reset are massive." An excerpt from the interview is posted at KWN here:

Russian government news agency mocks West's gold market rigging

Section:

1p ET Friday, April 22, 2016

Dear Friend of GATA and Gold:

Ronan Manly: Gold vault profiles

Section:

12:15p ET Friday, April 22, 2016

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly today offers a summary of his research on major gold vaults around the world, vaults believed to hold about half the official gold reserves of governments. His commentary is headlined "Gold Vault Profiles" and it's posted at Bullion Star here:

Are stars aligned for gold revaluation -- and is GATA finished?

Section:

6p ET Thursday, April 21, 2016

Dear Friend of GATA and Gold:

Today Zero Hedge posts a couple of items suggesting that central banks are intervening surreptitiously in the markets even more lately to avert deflation or that they should intervene more -- items suggesting an end to gold price and commodity price suppression as central bank policy.

TF Metals Report: Fun with Comex open interest

Section:

8p Wednesday, April 20, 2016

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson warns again today that open interest in Comex gold futures is again at the point that usually precedes a price smash by the big investment banks. His commentary is headlined "Fun with Comex Open Interest" and it's posted at the TF Metals Report here:

Syndicate content