Daily Dispatches

Bank of England probes whether staff helped rig money auctions

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Caroline Binham and Patrick Jenkins
Financial Times, London
Friday, November 21, 2014

The Bank of England has opened a formal investigation into whether its officials knew of -- and even facilitated -- the possible manipulation of auctions designed to inject money into the credit markets to alleviate the financial crisis.

Dave Kranzler: Was GLD gold moved to the Dutch central bank?

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3:22p ET Friday, November 21, 2014

Dear Friend of GATA and Gold:

Indian central bank cautious on response to gold import surge

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By Suvashree Choudhury and Neha Dasgupta
Reuters
Friday, November 21, 2014

MUMBAI, India -- The Reserve Bank of India, grabbling with a surge in gold imports last month, could support some restrictions for trading houses but two senior policymakers involved in the bank's decision-making said officials were also wary of overreacting. ...

FT's Gillian Tett notes Greenspan's renewed endorsement of gold

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Gold: Worth Its Weight?

By Gillian Tett
Financial Times, London
Friday, November 21, 2014

Russia, China will accuse U.S. of gold scam, bullion dealer tells KWN

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11a ET Friday, November 21, 2014

Dear Friend of GATA and Gold:

Montana coin and bullion dealer Steve Quayle, whose motto is "If You Can't Touch It, You Don't Own It," tells King World News today that Russia and China soon will tell the world that the United States doesn't have the gold it claims to have. An excerpt from the interview is posted at the KWN blog here:

Top-performing gold miner readies warchest in bust industry

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By Thomas Biesheuvel
Bloomberg News
Friday, November 21, 2014

LONDON -- The gold industry is a "busted flush," said Mark Bristow, surveying the ruin wrought by a 38 percent slump in the bullion price from a 2011 peak. For the Randgold Resources Ltd. chief executive officer, that's an opportunity.

Alasdair Macleod: That G-20 meeting

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10:18a ET Friday, November 21, 2014

Dear Friend of GATA and Gold:

With economies declining nearly everywhere, GoldMoney research director Alasdair Macleod writes today, the recent G-20 meeting in Brisbane may have given a boost to government intervention.

Netherlands starts repatriating gold

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8:45a ET Friday, November 21, 2014

Dear Friend of GATA and Gold:

The central bank of the Netherlands announced today that it is repatriating much of its gold from abroad.

Bullion Star market analyst and GATA consultant Koos Jansen covers the announcement here:

https://www.bullionstar.com/blog/koos-jansen/the-netherlands-has-repatri...

Swiss gold exports rise as referendum campaign leader is blocked from TV debate

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7:35p ET Thursday, November 20, 2014

Dear Friend of GATA and Gold:

Net exports of gold from Switzerland increased to 100 tonnes in October, Bullion Star market analyst and GATA consultant Koos Jansen reports tonight, with most of it going to China and India. Jansen's analysis is posted at Bullion Star here:

On night before hearing, Fed asks if it's too much the tool of investment banks

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Fed Asks Whether It Is Too Close to Banks

By Gina Chon
Financial Times, London
Thursday, November 20, 2014

WASHINGTON -- The Federal Reserve Board is conducting a major review of how the regulator and its reserve banks supervise large financial institutions, amid mounting criticism that it is to close to and too lenient with the Wall Street groups it oversees.

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