Daily Dispatches

Bullion Star's Ronan Manly examines the London platinum and palladium market

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8a ET Tuesday, May 17, 2016

Dear Friend of GATA and Gold:

Financial market researcher Ronan Manly today examines the London platinum and palladium market at the outset of London Platinum Week. Manly finds that the market's operations are -- surprise -- something less than transparent. Manly's report is posted at Bullion Star here:

Soros puts $264 million in Barrick Gold, buys calls on gold ETF

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Billionaire Soros Cuts U.S. Stocks by 37%, Buys Gold Miner

By Jesse Riseborough and Saijel Kishan
Bloomberg News
Monday, May 16, 2016

Billionaire George Soros cut his firm's investments in U.S. stocks by more than a third in the first quarter and bought a $264 million stake in the world's biggest bullion producer, Barrick Gold Corp.

Bullion Star makes a graphic of the Comex gold market

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8:15p ET Monday, May 16, 2016

Dear Friend of GATA and Gold:

Bullion Star has created a graphic illustration of the Comex gold market, showing that, like the London gold market, the Comex is a fractional-reserve-based and largely unallocated market with little real metal ever being delivered. The graphic is posted at Bullion Star here:

Libya's central bank needs gold stashed in safe but code is in dispute

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By Hassan Morajea and Tamer El-Ghobashy
The Wall Street Journal
Friday, May 13, 2016

BEYDA, Libya -- Underneath a bank in this eastern coastal city, a vault holds a trove of gold and silver coins worth $184 million. It belongs to the central bank, which could use the money to alleviate a crippling cash shortage.

China's ICBC buys 2,000-ton London gold vault from Barclays

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By Eddie van der Walt and Stephen Morris
Bloomberg News
Monday, May 16, 2016

ICBC Standard Bank expanded its push into London's precious metals market by agreeing to buy one of Europe's largest vaults from Barclays.

Gold depository could soon be on its way to Texas

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By Anna M. Tinsley
Fort Worth Star-Telegram
Sunday, May 15, 2016

DALLAS -- Tarek Saab has a golden vision for Texas.

Well, for a Texas Bullion Depository anyway.

So he and his company -- Texas Precious Metals -- set up a booth at the Republican Party of Texas state convention in Dallas to tell Texans about it.

Central bankers' wisdom faulted as gold holdings surge 25%

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By Ranjeetha Pakiam
Bloomberg News
Monday, May 16, 2016

The great gold rush of 2016 is gathering pace. Holdings in exchange-traded funds have now surged by a quarter, with investors taking advantage of lower prices over the past two weeks to enlarge stakes on rising concern about central bank policy making worldwide.

There's a world war against gold, economist Fekete says

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12:36p ET Friday, May 13, 2016

Dear Friend of GATA and Gold:

Metals holding up well against massive shorting, Embry tells KWN

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9:20p ET Thursday, May 12, 2016

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry tells King World News that he can't think of another market that could sustain the steady and overwhelming shorting done lately in the monetary metals by the bullion banks, but he adds that the metals are holding up well. The interview is excepted at KWN here:

TF Metals Report: Assessing the latest bank participation report

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1:58a ET Tuesday, May 10, 2016

Dear Friend of GATA and Gold:

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