Daily Dispatches

Another insider feels compelled to admit the gold market is rigged

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8:02p ET Monday, November 13, 2017

Dear Friend of GATA and Gold:

Writing over the weekend for the Sharps Pixley bullion dealership in London, market analyst Lawrie Williams confided that he increasingly believes that the gold market is being rigged. Williams wrote that he has been pushed to such a conclusion by the growing number of smashes to the market out of the blue.

Gartman Letter relies on GATA's disclosure of BIS' latest intervention in gold

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1:51p ET Monday, November 13, 2017

Dear Friend of GATA and Gold:

What is the world coming to when commodity market analyst and newsletter writer Dennis Gartman of The Gartman Letter (https://www.thegartmanletter.com/) starts relying on GATA for research?

From today's edition:

'Nothing is real,' analyst Mannarino tells USAWatchdog's Hunter

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10:10a ET Sunday, November 12, 2017

Dear Friend of GATA and Gold:

Market analyst and trader Greg Mannarino, interviewed by USAWatchdog's Greg Hunter, says central banks and allied investment banks are rigging all markets, including the gold market, to prevent free-market price discovery.

Shilling for Bundesbank, FT avoids key questions about gold

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10:34a ET Saturday, November 11, 2017

Dear Friend of GATA and Gold:

Mysterious gold trades of 4 million ounces spur price plunge

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It seems that the central banks are no longer afraid of being seen keeping gold down -- that their power has waned so much that they need to be seen to scare investors more.

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By Luzi-Ann Javier
Bloomberg News
Friday, November 10, 2017

Trades that moved about 4 million ounces of gold in a matter of minutes awakened the precious metal from its slumber.

CNBC can't understand gold's sudden drop today

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Any journalist who really wants to understand it might review the material here --

http://www.gata.org/node/17751

-- and then call the Bank for International Settlements in Basel, Switzerland, at +41-61-280-8080 and ask for the gold swaps and leases department.

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Gold Just Dropped in Sudden Move Lower

By John Melloy and Fred Imbert
CNBC, New York

Ned Naylor-Leyland: Oppose takeover of CEF to prevent banks from raiding its gold

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12:33p ET Friday, November 10, 2017

Dear Friend of GATA and Gold:

Old Mutual gold and silver fund manager Ned Naylor-Leyland today explains why he opposes Sprott Asset Management's long-running bid to acquire the Central Fund of Canada gold fund -- in part to keep CEF's gold from being raided by investment banks for covering their short positions.

Gold investors hold their nerve while stock markets fly

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By Jan Harvey
Reuters
Friday, November 10, 2017

LONDON -- Gold’s resilience in the face of soaring equities and a dramatic fall in demand this year points to underlying confidence in the metal among investors unconvinced by this autumn's scorching stock market rally.

Alasdair Macleod: Cryptos may destabilize fiat currency

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8:04p ET Thursday, November 9, 2017

Dear Friend of GATA and Gold:

Bitcoin and other cryptocurrencies are a bubble, GoldMoney research director Alasdair Macleod writes today, but potentially the ultimate bubble and they may have a fantastic distance yet to run, potentially cannibalizing government currencies and generating vast price inflation before governments try to strike them down.

Third-quarter gold demand slides to eight-year low, World Gold Council says

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By Jan Harvey
Reuters
Thursday, November 9, 2017

LONDON -- Gold demand slid to its lowest in eight years in the last quarter as jewelry buying fell and inflows into bullion-backed exchange traded funds dried up, data from the World Gold Council showed today.

Overall demand fell 9 percent to 915 tonnes, its weakest since the third quarter of 2009, the WGC said.

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