Daily Dispatches

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.

Netherlands TV network highlights Koos Jansen in program on gold

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3:40p ET Thursday, November 20, 2014

Dear Friend of GATA and Gold:

New scrutiny of Goldman's ties to N.Y. Fed after a leak

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By Jessica Silver-Greenberg, Ben Protess, and Peter Eavis
The New York Times
Thursday, November 20, 2014

From his desk in Lower Manhattan, a banker at Goldman Sachs thumbed through confidential documents -- courtesy of a source inside the United States government.

Gold-mining industry mostly ‘under water,’ Gold Fields CEO says

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By Kevin Crowley
Bloomberg News
Thursday, November 20, 2014

JOHANNESBURG, South Africa -- Gold miners' costs are mostly higher than current spot prices, increasing the likelihood of writedowns next year, according to Nick Holland, chief executive officer of Gold Fields Ltd.

John Butler: Will Putin play his gold card?

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8:33a ET Thursday, November 20, 2014

Dear Friend of GATA and Gold:

Unusual gold moves in Asian hours puzzle jittery traders

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They must not yet have heard about the Bank for International Settlements and the Exchange Stabilization Fund.

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By A. Ananthalakshmi
Reuters
Thursday, November 20, 2014

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