Daily Dispatches

Corzine ordered MF Global customer money moved to Morgan, memo says

Submitted by cpowell on Fri, 2012-03-23 20:31 Section: Daily Dispatches

By Phil Mattingly and Silla Brush
Bloomberg News
Friday, March 23, 2012

http://www.bloomberg.com/news/2012-03-23/mf-global-s-corzine-ordered-fun...

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Hong Kong exchange to launch yuan-settled gold, copper futures

Submitted by cpowell on Fri, 2012-03-23 17:07 Section: Daily Dispatches

By Ruby Lian and Fayen Wong
Reuters
Friday, March 23, 2012

http://www.reuters.com/article/2012/03/23/hkmex-futures-idUSL3E8EN2BL201...

SHANGHAI -- The Hong Kong Mercantile Exchange plans to launch yuan-settled gold and copper futures by July, its president said on Friday, as it looks to tap growing interest in commodities from Chinese investors.

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Ben Traynor: Gunning for gold

Submitted by cpowell on Fri, 2012-03-23 16:41 Section: Daily Dispatches

4:41p ET Friday, March 23, 2012

Dear Friend of GATA and Gold:

Ben Traynor of Bullion Vault elaborates on Turkey, India, and Vietnam, three countries whose government don't mind acknowledging that they have a big problem with freely trading gold, a competitive currency. Traynor's commentary is headlined "Gunning for Gold" and it's posted at GoldSeek here:

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High-frequency trading distorts commodity prices, study says

Submitted by cpowell on Fri, 2012-03-23 16:25 Section: Daily Dispatches

By Emma Farge
Reuters
Wednesday, March 21, 2012

http://uk.reuters.com/article/2012/03/21/idUKL6E8EL80I20120321

GENEVA, Switzerland -- High-frequency traders have caused U.S. commodity futures prices to disconnect from market fundamentals of supply and demand since the 2008 financial crisis, according to one of the authors of a forthcoming U.N. report.

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Gold investors ditch equity funds for bullion

Submitted by cpowell on Fri, 2012-03-23 16:17 Section: Daily Dispatches

By Eric Onstad
Reuters
Friday, March 23, 2012

http://www.reuters.com/article/2012/03/23/us-mining-summit-gold-lipper-i...

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Von Greyerz, Bryan, and Fleckenstein at King World News

Submitted by cpowell on Fri, 2012-03-23 16:00 Section: Daily Dispatches

4p ET Friday, March 23, 2012

Dear Friend of GATA and Gold:

King World News is full of gold-oriented commentary today.

Money manager Egon von Greyerz says demand for real metal is increasing, that the recent price plunge was only a paper market event, and that most fund managers don't even own any gold yet:

Read more about Von Greyerz, Bryan, and Fleckenstein at King World News

Wall Street Journal misses the point about gold twice in one day

Submitted by cpowell on Thu, 2012-03-22 22:02 Section: Daily Dispatches

10p ET Thursday, March 22, 2012

Dear Friend of GATA and Gold:

Today The Wall Street Journal published two stories about efforts by governments to hinder the acquisition of gold by their people. The first, about Turkey, was dispatched to you earlier: http://www.gata.org/node/11161. The second, about India, is appended.