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Daily Dispatches
JPMorgan, MF Global trustee reach $546 million settlement
Submitted by cpowell on Wed, 2013-03-20 00:17 Section: Daily DispatchesBy Sakthi Prasad
Reuters
Wednesday, March 20, 2013
http://www.reuters.com/article/2013/03/20/us-jpmorgan-mfglobal-idUSBRE92...
JPMorgan Chase & Co. has reached a $546 million settlement with the trustee liquidating the failed broker-dealer unit of MF Global Holdings, a court filing showed, an amount that will help repay the brokerage's customers.
Sprott study of trade data suggests huge export of U.S. government gold
Submitted by cpowell on Tue, 2013-03-19 23:59 Section: Daily Dispatches11:57a HKT Wednesday, March 20, 2013
Dear Friend of GATA and Gold:
Sprott Asset Management's Eric Sprott and Shree Kargutkar today report that their study of 22 years of international trade data suggests that the United States has exported almost 4,500 tonnes of gold beyond the country's supply capability.
Cyprus parliament rejects bank deposit tax, putting bailout in disarray
Submitted by cpowell on Tue, 2013-03-19 17:58 Section: Daily DispatchesBy Michele Kambas and Karolina Tagaris
Reuters
Tuesday, March 19, 2013
http://www.reuters.com/article/2013/03/19/us-cyprus-parliament-idUSBRE92...
Ambrose Evans-Pritchard: Daylight robbery in Cyprus will come to haunt EMU
Submitted by cpowell on Tue, 2013-03-19 02:51 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, March 18, 2013
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100023466/da...
Credit growth endangered in India as gold lures deposits
Submitted by cpowell on Tue, 2013-03-19 02:37 Section: Daily DispatchesBy Anto Anthony
Bloomberg News
Tuesday, March 18, 2013
http://www.bloomberg.com/news/2013-03-18/credit-growth-imperiled-as-gold...
MUMBAI -- Indian banks are struggling to attract deposits to fund credit growth amid the slowest economic growth in a decade as customers buy assets such as gold and real estate to protect themselves against inflation.
Hong Kong conference hears about gold price suppression from Grant Williams
Submitted by cpowell on Tue, 2013-03-19 02:24 Section: Daily Dispatches2:16p HKT Tuesday, March 19, 2013
Dear Friend of GATA and Gold:
Bank deposit expropriation in Cyprus is far larger than thought, Sinclair says
Submitted by cpowell on Tue, 2013-03-19 00:22 Section: Daily Dispatches12:20p HKT Tuesday, March 19, 2013
Dear Friend of GATA and Gold:
Morgan wins dismissal of silver price-fixing lawsuit
Submitted by cpowell on Mon, 2013-03-18 20:27 Section: Daily DispatchesBy Jonathan Stempel
Reuters
Monday, March 18, 2013
http://www.reuters.com/article/2013/03/18/us-jpmorgan-silver-lawsuit-idU...
NEW YORK -- JPMorgan Chase & Co. has won the dismissal of a nationwide investors' lawsuit accusing the largest U.S. bank of conspiring to drive down silver prices.
Cyprus destroys premise of gold shorting, Sinclair tells King World News
Submitted by cpowell on Mon, 2013-03-18 19:32 Section: Daily Dispatches7:26a HKT Tuesday, March 19, 2013
Dear Friend of GATA and Gold:
The expropriation of bank depositors in Cyprus has destroyed the premise of shorting gold, gold trader and mining entrepreneur Jim Sinclair today tells King World News.
Ben Davies: Cyprus -- Oh, the Irony!
Submitted by cpowell on Mon, 2013-03-18 19:25 Section: Daily Dispatches7:24a HKT Tuesday, March 19, 2013
Dear Friend of GATA and Gold:
Hinde Capital CEO Ben Davies today analyzes the European Union's attempt to reverse bankruptcy procedures and standards in Cyprus, protecting bondholders rather than depositors.
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