Daily Dispatches

Banking system failure is likely next prompt to gold, Sprott says

Submitted by cpowell on Fri, 2013-12-06 13:04 Section: Daily Dispatches

1p ET Friday, December 6, 2013

Dear Friend of GATA and Gold:

Sprott Asset Management CEO Eric Sprott today tells King World News that the next prompt to the gold market may be the failure of a national banking system:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/12/6_Bi...

Read more about Banking system failure is likely next prompt to gold, Sprott says

Bron Suchecki: Producer/merchant net long in gold is not necessarily bullish

Submitted by cpowell on Fri, 2013-12-06 10:45 Section: Daily Dispatches

10:40a ET Friday, December 6, 2013

Dear Friend of GATA and Gold:

Read more about Bron Suchecki: Producer/merchant net long in gold is not necessarily bullish

China is taking equivalent of all world gold production, John Ing tells KWN

Submitted by cpowell on Fri, 2013-12-06 08:42 Section: Daily Dispatches

8:40a ET Friday, December 6, 2013

Dear Friend of GATA and Gold:

Read more about China is taking equivalent of all world gold production, John Ing tells KWN

Swiss refinery report: Gold supply has never been tighter

Submitted by cpowell on Thu, 2013-12-05 16:42 Section: Daily Dispatches

4:40p ET Thursday, December 5, 2013

Dear Friend of GATA and Gold:

Read more about Swiss refinery report: Gold supply has never been tighter

Deutsche Bank exits commodities trading ... except for monetary metals

Submitted by cpowell on Thu, 2013-12-05 16:26 Section: Daily Dispatches

Deutsche Bank Quits Commodities Under Regulatory Pressure

By David Sheppard and Ron Bousso
Reuters
Thursday, December 5, 2013

Deutsche Bank pulled the plug on its global commodities trading business on Thursday, cutting 200 jobs as it becomes the first major bank to exit the once lucrative sector due to toughening regulations and diminished profits.

Read more about Deutsche Bank exits commodities trading ... except for monetary metals

China is mining gold at as much as $2,500 per ounce, Leeb tells KWN

Submitted by cpowell on Thu, 2013-12-05 16:03 Section: Daily Dispatches

4p ET Thursday, December 5, 2013

Dear Friend of GATA and Gold:

Money manager Stephen Leeb tells King World News today that China is mining gold at a total cost of $2,000 to $2,500 per ounce, despite current futures prices of only half that, because China expects substantially higher prices. An excerpt from the interview is posted at the King World News blog here:

Read more about China is mining gold at as much as $2,500 per ounce, Leeb tells KWN

Got Gold Report: Unprecedented bullish indicator in gold futures trading data

Submitted by cpowell on Thu, 2013-12-05 08:12 Section: Daily Dispatches

8:15a ET Thursday, December 5, 2013

Dear Friend of GATA and Gold:

Gene Arensberg's Got Gold Report has found an unprecedented bullish indicator in gold futures trading data from the U.S. Commodity Futures Trading Commission. His commentary is headlined "Rare Signal -- Producer Merchants Net Long Gold Futures" and it's posted here: