Daily Dispatches

Comex gold contracts likely no good for Islamic finance plan

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Gold Standard in Islamic Finance 'Almost There' for Submission

By Claudia Carpenter
Bloomberg News
Monday, April 10, 2016

Gold products used in Islamic finance would need to be physically-backed and allocated to the underlying asset, according to a draft of a standard for Shariah gold being developed.

India subverted customs reporting rules to facilitate gold leasing in 1991

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1991's Golden Transaction

By C. Rangarajan
The Indian Express, Mumbai
Monday, March 28, 2016

Now India's very own gold coins

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By Rajalakshmi Nirmal
The Hindu, Chennai, India
Sunday, April 10, 2016

Indian Overseas Bank kicked off sale of Indian gold coins on Friday at its branches in Mumbai on the occasion of Gudi Padwa. The Reserve Bank of India had given the nod to banks in January to sell these coins.

China goes prospecting for world's gold mines

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By Biman Mukerji
The Wall Street Journal
Sunday, April 10, 2016

Chinese gold miners are aggressively scouting for overseas acquisitions, encouraged by historically low gold prices that could help them scoop up assets cheaply.

Jeff Clark: Here's why you should stay away from gold ETFs

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1p HKT Sunday, April 10, 2016

Dear Friend of GATA and Gold:

Jeff Clark, senior metals analyst for Hard Assets Alliance, explained this week why gold exchange-traded funds are not really gold at all for the ordinary investor but rather mere claims on an asset that may not be accessible when an investor really wants it.

In Cambodia, the ghosts prefer dollars

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By Julia Wallace
The New York Times
Friday, April 8, 2016

PHNOM PENH, Cambodia -- One recent morning Suon Sokhum, a colonel in the Cambodian Army, was shopping for gifts for his ancestors.

Qingming, the annual festival to honor the dead, was coming up, and throughout the Chinese diaspora in Southeast Asia, people burn offerings to provide for their ancestors in the spirit world.

Senior bosses at world's biggest banks 'knew LIBOR was rigged'

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This is funny since the Telegraph itself knows that the gold market is rigged too but won't report it any more than the bankers on trial here reported the rigging they saw.

* * *

Senior Bosses at World's Biggest Banks 'Knew LIBOR Was Rigged'

By Tim Wallace
The Telegraph, London
Saturday, April 9, 2016

Ronan Manly: The gold vaults of Hong Kong

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2:50p HKT Saturday, April 9, 2016

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly this week examines the gold vaults of Hong Kong, where, he notes, far more gold transfers are made than in the gold vaults associated with the New York Commodities Exchange. Manly's study is headlined "The Gold Vaults of Hong Kong: Brinks, Malca Amit, Loomis" and it's posted at Bullion Star here:

GoldSeek Radio interviews GATA's Murphy and Sprott's Embry

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2:31p HKT Saturday, April 9, 2016

Dear Friend of GATA and Gold:

GoldSeek Radio's Chris Waltzek this week interviewed GATA Chairman Bill Murphy for 14 minutes about developments in the gold market --

http://news.goldseek.com/radio/1460127802.php

-- as well as Sprott Asset Management's John Embry for about 12 minutes:

http://news.goldseek.com/radio/1460127600.php

Actual life in the junior gold mining sector

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Oceana Gold announces strategic investment in NuLegacy Gold

Company Press Release
via CNW Group, Montreal
Thursday, April 7, 2016

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