Daily Dispatches

GoldCore's O'Byrne: HSBC is closing safe-deposit boxes to gold

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2:20a HKT Wednesday, March 25, 2015

Dear Friend of GATA and Gold:

GoldCore's Mark O'Byrne writes today that the gold-storage facilities HSBC is closing are essentially safe-deposit boxes rather than vaults. O'Byrne adds that gold owners are probably better off not storing their gold with a bank anyway. His commentary is posted at GoldCore here:

Koos Jansen: Indian gold imports exploding in March

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1:40a HKT Wednesday, March 24, 2105

Dear Friend of GATA and Gold:

Koos Jansen: Will Shanghai International Gold Exchange help push yuan and gold into SDR?

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2:25p HKT Tuesday, March 24, 2015

Dear Friend of GATA and Gold:

China's premier asks IMF to include yuan in SDR basket

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By Ben Blanchard
Reuters
Monday, March 23, 2015

BEIJING -- Chinese Premier Li Keqiang has asked the head of the International Monetary Fund to include China's yuan currency in its special drawing rights basket, state news agency Xinhua said.

Nevsun reports vandalism at Eritrea mine but nothing about air raid

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Nevsun Resources Describes Reported Attack on Eritrea Mine as 'Act of Vandalism'

Claire Brownell and Peter Koven
National Post, Toronto
Monday, March 23, 2015

Nevsun Resources Ltd. is describing an attack on its Bisha mine in Eritrea as an "act of vandalism," an account that contrasts starkly with African media reports saying the mine was bombed by Ethiopan fighter jets.

China's Zijin in talks to buy gold, copper mines abroad

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By Polly Yam
Reuters
Monday, March 23, 2015

HONG KONG -- China's Zijin Mining Group Co. Ltd. is in talks to buy gold and copper mining assets abroad and expects to finalise some acquisitions this year, its chairman said on Monday.

Chen Jinghe said that current market conditions were favourable for acquisitions but did not identify targets.

On CNBC Asia, GATA secretary discusses gold market rigging and its consequences

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11:17a HKT Monday, March 23, 2015

Dear Friend of GATA and Gold:

Ethiopian warplanes reported to have attacked Nevsun gold mine in Eritrea

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Ethiopian Planes Raided Bisha Gold Mine

From the Asmarino Independent
(Eritrean exile Internet site)
Saturday, March 21, 2015

Ethiopian fighter planes bombed the site of Eritrea's Bisha gold mine, reported Al-Sahafa, a leading Sudanese Arab daily in its March 21 edition.

Alasdair Macleod: The new order emerges

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11:20a SGT Saturday, March 20, 2015

Dear Friend of GATA and Gold:

Shanghai gold withdrawals remain strong at 51 tonnes for week

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9:10a SGT Saturday, March 21, 2105

Dear Friend of GATA and Gold:

Withdrawals from the Shanghai Gold Exchange, a proxy for China's gold demand, were 51 tonnes for the most recent week reported, Bullion Star market analyst and GATA consultant Koos Jansen reports today, continuing a strong pattern. Jansen's report is posted at Bullion Star here:

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