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Daily Dispatches
Indian gold premiums double amid fears of cut in supply
Submitted by cpowell on Wed, 2013-05-15 10:56 Section: Daily DispatchesGold Premiums in India Jump as Central Bank Curbs May Cut Supply
By Swansy Afonso
Bloomberg News
Wednesday, May 15, 2013
http://www.bloomberg.com/news/2013-05-15/gold-premiums-in-india-jump-as-...
Gold-rigging banks are looting GLD and selling to Asia, fund manager Kaye says
Submitted by cpowell on Tue, 2013-05-14 22:57 Section: Daily Dispatches10:55p ET Tuesday, May 14, 2013
Dear Friend of GATA and Gold:
The same banks that rigged the LIBOR interest rate are rigging the gold market and looting the exchange-traded fund GLD, moving the fund's gold out of London to Asia at a carefully arbitraged profit, fund manager William Kaye tells King World News tonight. An excerpt from the interview is posted at the King World News blog here:
Von Greyerz: Stock market rise amid economic collapse signals hyperinflation
Submitted by cpowell on Tue, 2013-05-14 20:00 Section: Daily Dispatches8p ET Tuesday, May 14, 2013
Dear Friend of GATA and Gold:
Gold fund manager Egon von Greyerz tonight tells King World News that the rise of stock markets amid the collapse of the real economy is an indicator that hyperinflation is coming. An excerpt from the interview is posted at the King World News blog here.
Gene Arensberg: U.S. banks buy gold futures in dramatic position change
Submitted by cpowell on Tue, 2013-05-14 14:52 Section: Daily Dispatches2:46p ET Tuesday, May 14, 2013
Dear Friend of GATA and Gold:
Big U.S. investment banks have reduced their net short position in gold to the lowest level since 2008, the Got Gold Report's Gene Arensberg reports today.
Shell targeted with BP, Statoil in European oil-price probe
Submitted by cpowell on Tue, 2013-05-14 14:14 Section: Daily DispatchesBy Brian Swint and Lananh Nguyen
Bloomberg News
Tuesday, May 14, 2013
http://www.bloomberg.com/news/2013-05-14/statoil-raided-by-competition-a...
LONDON -- European antitrust regulators began a probe of potential manipulation of oil prices, expanding into energy markets after banks were investigated for fixing interbank lending rates.
Charles Schwab complains of Fed's manipulation of markets
Submitted by cpowell on Tue, 2013-05-14 12:12 Section: Daily DispatchesSchwab Reflects on Firm's History
By Kathleen Pender
San Francisco Chronicle
Monday, May 13, 2013
http://www.sfgate.com/default/article/Schwab-reflects-on-firm-s-history-...
Kaye says gold's bear market is an illusion; Grandich notes sector's demoralization
Submitted by cpowell on Tue, 2013-05-14 11:56 Section: Daily Dispatches11:50a ET Tuesday, May 14, 2013
Dear Friend of GATA and Gold:
Gold buying becomes frantic in India, strongest since 2008
Submitted by cpowell on Tue, 2013-05-14 08:59 Section: Daily DispatchesGold Rush Spooks Economy as Trade Deficit Surges to $17.8 Billion
By Dilasha Seth and Sutanuka Ghosal
The Times of India, Mumbai
Tuesday, May 14, 2013
http://economictimes.indiatimes.com/news/economy/indicators/gold-rush-sp...
CFTC launches broad investigation of energy and metals derivatives
Submitted by cpowell on Mon, 2013-05-13 21:41 Section: Daily DispatchesWatchdog Probes 1 Million US Swap Contracts
By Greg Meyer and Kara Scannell
Financial Times, London
Monday, May 13, 2013
http://www.ft.com/intl/cms/s/0/cefe05da-b9be-11e2-bc57-00144feabdc0.html
Paul Craig Roberts: Gold market rigging exposes a gangster state
Submitted by cpowell on Mon, 2013-05-13 17:01 Section: Daily Dispatches5p ET Monday, May 13, 2013
Dear Friend of GATA and Gold:
Former Assistant U.S. Treasury Secretary Paul Craig Roberts today condemns the rigging of the gold and silver markets by the Federal Reserve as emblematic of a gangster state protecting banks at the expense of the public. Roberts' commentary is headlined "Gangster State America" and it's posted at his Internet site here: