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Daily Dispatches
'Somebody is holding gold back,' Leeb tells King World News
Submitted by cpowell on Tue, 2012-10-23 13:22 Section: Daily Dispatches12:19p CT Tuesday, October 23, 2012
Dear Friend of GATA and Gold:
Fund manager Stephen Leeb today tells King World News that people are scared, "everything is being liquidated," and that "somebody is holding gold back," but the monetary metals are still doing better than other asset classes. An excerpt from the interview is posted at the King World News blog here:
Bundesbank disagrees with audit court's view on gold reserves
Submitted by cpowell on Tue, 2012-10-23 12:00 Section: Daily DispatchesBy Stefan Riecher
Bloomberg News
Tuesday, October 23, 2012
http://www.bloomberg.com/news/2012-10-23/bundesbank-disagrees-with-audit...
FRANKFURT, Germany -- The Bundesbank disagrees with Germany's Audit Court that the central bank should take stock of its gold holdings outside Germany.
Der Spiegel: Federal auditors call for inventory of German gold reserves
Submitted by cpowell on Tue, 2012-10-23 11:24 Section: Daily DispatchesThanks again to GATA's friends Lars Schall and Peter Boehringer for the translation from German to English.
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Federal Court of Auditors Calls for Inventory of Gold Reserves
Germany owns the world's second largest gold reserves, nearly 3,400 tons. Allegedly, that is.
Die Welt's Monday report on the growing clamor over Germany's gold stored abroad
Submitted by cpowell on Tue, 2012-10-23 11:00 Section: Daily DispatchesThanks to GATA's friends Lars Schall and Peter Boehringer for the translation from German to English.
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CDU Politician Wants to Bring German Gold Home
By Daniel Eckert and Holger Zschapitz
Die Welt, Berlin
Monday, October 22, 2012
http://www.welt.de/finanzen/article110105525/CDU-Politiker-will-deutsche...
Turkish gold trade to Iran booms via Dubai
Submitted by cpowell on Tue, 2012-10-23 10:30 Section: Daily DispatchesBy Humeyra Pamuk
Reuters
Tuesday, October 23, 2012
http://www.reuters.com/article/2012/10/23/us-emirates-iran-gold-idUSBRE8...
To see one of Iran's financial lifelines at work, pay a visit to Istanbul's Ataturk International Airport and find a gate for a flight to Dubai.
Ambrose Evans-Pritchard: Japan to join currency wars as exports slump
Submitted by cpowell on Mon, 2012-10-22 15:46 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, October 22, 2012
http://www.telegraph.co.uk/finance/financialcrisis/9626542/Japan-to-join...
Japan is poised to join the world's "currency wars" as it battles a triple crisis of crashing exports, recession, and a suffocatingly-strong yen.
Gold, shares holding up well amid pre-election assault, Embry says
Submitted by cpowell on Mon, 2012-10-22 15:24 Section: Daily Dispatches2:20p ET Monday, October 22, 2012
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry tells King World News today that gold and the mining shares are holding up well against the U.S. government's pre-election assault. The shares, Embry says, remain very underpriced compared to bullion. An excerpt from the interview is posted at the King World News blog here:
Germany getting suspicious about gold to the point of taking action
Submitted by cpowell on Mon, 2012-10-22 12:18 Section: Daily Dispatches11:17a ET Monday, October 22, 2012
Dear Friend of GATA and Gold:
The German press today is full of stories of concern about the German gold reserves.
MineWeb's Lawrence Williams: What is China really doing in the gold markets?
Submitted by cpowell on Mon, 2012-10-22 10:00 Section: Daily Dispatches8:55a CT Monday, October 22, 2012
Dear Friend of GATA and Gold:
MineWeb's Lawrence Williams today offers a thoughtful speculation on China's interest in gold, an interest he says is matched by China's interest in not collapsing its U.S. dollar reserves.
Ambrose Evans-Pritchard: IMF's epic plan to conjure away debt and dethrone bankers
Submitted by cpowell on Sun, 2012-10-21 20:42 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Sunday, October 21, 2012
http://www.telegraph.co.uk/finance/comment/9623863/IMFs-epic-plan-to-con...
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