Daily Dispatches

Central bank interventions overwhelm markets, Pento tells KWN

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8:25p ET Saturday, July 18, 2015

Dear Friend of GATA and Gold:

At KWN, China's gold reserves announcement ridiculed by Leeb, von Greyerz, Maguire

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11:34a ET Saturday, July 18, 2015

Dear Friend of GATA and Gold:

In interviews with King World News, fund managers Stephen Leeb and Egon von Greyerz and London metals trader Andrew Maguire ridicule Friday's announcement by China about its gold reserves, which, they maintain, are much greater than announced. The interviews are posted here:

Market rigging cited in gold discussion with O'Byrne, Eliseo, Suchecki, Stoeferle

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11:10a ET Saturday, July 18, 2015

Dear Friend of GATA and Gold:

An hour-long discussion about world market conditions and gold, conducted this week, includes GoldCore's Mark O'Byrne, ABC Bullion's Jordan Eliseo, the Perth Mint's Bron Suchecki, and Incrementum's Ron Stoeferle, and manipulation of the gold market is a major topic. The discussion is linked from GoldCore's Internet site here:

Tocqueville's Hathaway summarizes and updates the gold suppression scheme

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10:55a ET Saturday, July 18, 2015

Dear Friend of GATA and Gold:

In his new gold strategy letter, Tocqueville Asset Management's senior portfolio manager, John Hathaway, updates and summarizes the central bank gold price suppression scheme, which is getting more obvious every day with the counterintuitive behavior of the markets.

Hathaway writes:

Bron Suchecki: Where did 110 tonnes of CME Hong Kong gold go?

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8:35p ET Friday, July 17, 2015

Dear Friend of GATA and Gold:

New York Sun: The Hubris of the Fed

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From The New York Sun
Friday, July 17, 2015

China finally says how much gold it has, but nobody believes it

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By Myra P. Saefong
MarketWatch.com
Friday, July 17, 015

China released data on its gold holdings for the first time in about six years, but investors say the guessing game about the country's actual inventory continues.

China's official gold reserves total is still phony -- and so is most everybody else's

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7:41p ET Friday, July 17, 2015

Dear Friend of GATA and Gold:

Most people in the gold business seem disappointed with China's announcement today of its gold reserve total, which, as Sharps Pixley CEO Ross Norman told The Wall Street Journal, was only about half of what the market expected, since it was the first updating of gold reserves by the People's Bank of China in six years:

China gold reserves top Russia in first disclosure since 2009

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From Bloomberg News
Friday, July 17, 2015

China increased its gold reserves 57 percent, overtaking Russia to become the country with the fifth-largest hoard in its first disclosure in six years.

In GoldSilver.com interview, Steer cites gradual acceptance of GATA's work

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7:45a ET Friday, July 17, 2015

Dear Friend of GATA and Gold:

In the final segment of his interview with Mike Maloney of GoldSilver.com, GATA board member and newsletter writer Ed Steer discusses GATA's work exposing the manipulation of the gold market and the gradual acceptance of that work. The segment is five minutes long and is posted at GoldSilver.com here:

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