Daily Dispatches

Trump warns that dollar is 'getting too strong'

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Trump Backs Away from Labeling China a 'Currency Manipulator'

By David Lawder
Reuters
Wednesday, April 12, 2017

WASHINGTON -- President Donald Trump said today that his administration will not label China a currency manipulator, backing away from a campaign promise, even as he said the U.S. dollar was "getting too strong" and would eventually hurt the economy.

London gold benchmark fixes $12/oz off spot price

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By Peter Hobson and Jan Harvey
Reuters
via Nasdaq.com, New York
Tuesday, April 11, 2017

LONDON -- London's gold price benchmark fixed some $12 below the spot price on Tuesday afternoon as the auction appeared to become locked in a downward spiral.

India gold imports said to jump 582% on festival, wedding demand

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By Shruti Srivastava and Swansy Afonso
Bloomberg News
Wednesday, April 12, 2017

Gold imports by India are said to have jumped almost seven-fold in March from a year earlier as jewelers stocked up anticipating a demand recovery during the wedding season that began this month and the auspicious Hindu gold-buying day of Akshaya Tritiya.

CME Group to close CME Europe and CME Clearing Europe

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By Tonya Garcia
MarketWatch, New York
Wednesday, April 12, 2017

Derivatives marketplace CME Group Inc. said today that it will close its London-based derivatives exchange, CME Europe, and its clearing house, CME Clearing Europe, by the end of 2017.

Ignore the 'tape painting' in gold and silver, Turk tells KWN

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4:38p ET Monday, April 10, 2017

Dear Friend of GATA and Gold:

Silver shorting's only purpose is price suppression, Embry tells KWN

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12:30p ET Monday, April 10, 2017

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry tells King World News today that the only purpose of the fantastically huge short position in silver is price suppression in support of gold price suppression, both of which are needed to defend the fiat currency system. An excerpt from the interview is posted at KWN here:

Hong Kong to help Myanmar set up a gold exchange

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By Enouch Yiu
South China Morning Post, Hong Kong
Sunday, April 9, 2017

The operator of Hong Kong’s gold exchange is in talks to help the government of Myanmar establish a bourse in the country for trading the precious metal, according to Haywood Cheung Tak-hay, president of the Chinese Gold & Silver Exchange Society.

India's gold imports fall over 10 months but may be rebounding

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By the Press Trust of India
via The Times of India, Mumbai
Sunday, April 9, 2017

NEW DELHI -- India's gold imports witnessed a fall of about 24 percent to $23.22 billion in April-February period of the last fiscal year, which is expected to keep a lid on the current account deficit.

Total imports of the precious metal in the corresponding period of 2015-16 stood at $30.71 billion.

Lawrie Williams: China may have suspended gold reserve reporting

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11:48a AKT Sunday, April 9, 2017

Dear Friend of GATA and Gold:

Writing for Sharps Pixley, gold market analyst Lawrie Williams suspects that China has resumed concealing its gold purchases for long periods, withholding announcements until they are politically expedient:

Ed Steer: The powers-that-be were everywhere on Friday

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11:31p JST Sunday, April 9, 2017

Dear Friend of GATA and Gold:

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