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Daily Dispatches
Unprecedented long backwardation heralds huge rise in gold, Turk says
Submitted by cpowell on Mon, 2013-08-12 16:21 Section: Daily Dispatches4:18p ET Monday, August 12, 2013
Dear Friend of GATA and Gold:
GoldMoney founder James Turk today tells King World News that the unprecedented length of the current backwardation in gold heralds a "spectacular" rise in price.
Gene Arensberg's GGR: Big changes in gold futures market composition
Submitted by cpowell on Mon, 2013-08-12 14:09 Section: Daily Dispatches2:05p ET Monday, August 12, 2013
Dear Friend of GATA and Gold:
Commodity trader tells Bloomberg TV of 'huge run' on physical gold
Submitted by cpowell on Mon, 2013-08-12 14:01 Section: Daily Dispatches2p ET Monday, August 12, 2013
Dear Friend of GATA and Gold:
Bloomberg News television today lets Mihir Dange, co-founder of commodity trading firm Grafite Capital, remark that his company bought physical gold eight weeks ago but still hasn't gotten delivery yet. Dange says "there's a huge run on physical now." Dange's comment begins at the 1:30 mark in the video here:
Why theorize and philosophize about gold when the facts are available?
Submitted by cpowell on Mon, 2013-08-12 13:13 Section: Daily Dispatches1:31p ET Monday, August 12, 2013
Dear Friend of GATA and Gold:
Gold is overcoming the central banks, Embry tells King World News
Submitted by cpowell on Mon, 2013-08-12 12:20 Section: Daily Dispatches12:15p ET Monday, August 12, 2013
Dear Friend of GATA and Gold:
Hedge funds wrong-footed shorting gold, Norcini tells King World News
Submitted by cpowell on Sat, 2013-08-10 19:07 Section: Daily Dispatches7p ET Saturday, August 10, 2013
Dear Friend of GATA and Gold:
Futures market analyst Dan Norcini tells King World News that hedge funds seem to have gotten wrong-footed shorting gold last week. He thinks there is fuel for a rally. An excerpt from his interview is posted at the King World News blog here:
TF Metals Report: Top U.S. banks (or maybe just bank -- JPM) spectacularly long gold
Submitted by cpowell on Sat, 2013-08-10 16:50 Section: Daily Dispatches4:57p ET Saturday, August 10, 2013
Dear Friend of GATA and Gold:
Ted Butler: Morgan corners gold long after cornering it short
Submitted by cpowell on Fri, 2013-08-09 21:54 Section: Daily Dispatches9:49p ET Friday, August 9, 2013
Dear Friend of GATA and Gold:
Former Treasury official Roberts marvels at claims to imaginary gold
Submitted by cpowell on Fri, 2013-08-09 16:54 Section: Daily Dispatches4:50p ET Friday, August 9, 2013
Dear Friend of GATA and Gold:
Interviewed by King World News today, former Assistant U.S. Treasury Secretary Paul Craig Roberts marvels at the perversion of ordinary markets by derivatives and particularly the explosion of paper claims on gold that doesn't exist.
Banks trying to block gold withdrawals, von Greyerz says
Submitted by cpowell on Fri, 2013-08-09 14:08 Section: Daily Dispatches2:04p ET Friday, August 9, 2013
Dear Friend of GATA and Gold:
Swiss gold fund manager Egon von Greyerz tells King World News today that Swiss banks are obstructing their clients trying to remove gold to private vaults. Von Greyerz adds that gold's downtrend is over and its uptrend will accelerate soon. An excerpt from the interview is posted at the King World News blog here: