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Daily Dispatches
Hong Kong exchange to launch yuan-settled gold, copper futures
Submitted by cpowell on Fri, 2012-03-23 17:07 Section: Daily DispatchesBy 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.
Ben Traynor: Gunning for gold
Submitted by cpowell on Fri, 2012-03-23 16:41 Section: Daily Dispatches4:41p 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:
High-frequency trading distorts commodity prices, study says
Submitted by cpowell on Fri, 2012-03-23 16:25 Section: Daily DispatchesBy 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.
Gold investors ditch equity funds for bullion
Submitted by cpowell on Fri, 2012-03-23 16:17 Section: Daily DispatchesBy Eric Onstad
Reuters
Friday, March 23, 2012
http://www.reuters.com/article/2012/03/23/us-mining-summit-gold-lipper-i...
Von Greyerz, Bryan, and Fleckenstein at King World News
Submitted by cpowell on Fri, 2012-03-23 16:00 Section: Daily Dispatches4p 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:
Wall Street Journal misses the point about gold twice in one day
Submitted by cpowell on Thu, 2012-03-22 22:02 Section: Daily Dispatches10p 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.
China and Australia in US$31 billion currency swap
Submitted by cpowell on Thu, 2012-03-22 20:35 Section: Daily DispatchesBy Simon Rabinovitch and Neil Hume
Financial Times, London
Thursday, March 22, 2012
http://www.ft.com/intl/cms/s/0/4b6c4ab6-7404-11e1-bcec-00144feab49a.html
China has signed a US$31 billion currency swap agreement with Australia, a step toward boosting the renminbi's profile in developed markets.
Turkey targets gold stashes
Submitted by cpowell on Thu, 2012-03-22 11:10 Section: Daily DispatchesBy Yeliz Candemir and Joe Parkinson
The Wall Street Journal
Thursday, March 22, 2012
http://online.wsj.com/article/SB1000142405270230463640457729558272559610...
Finance council should speed up speculation curbs, Chilton says
Submitted by cpowell on Wed, 2012-03-21 23:17 Section: Daily DispatchesBy Silla Brush
Bloomberg News
Wednesday, March 21, 2012
http://www.bloomberg.com/news/2012-03-21/finance-council-should-speed-up...
The CFTC has already done all it can about silver -- and everything else
Submitted by cpowell on Wed, 2012-03-21 21:55 Section: Daily Dispatches9:51p ET Wednesday, March 21, 2012
Dear Friend of GATA and Gold (and Silver):
Drawing on data collected by Nanex, Zero Hedge tonight calls attention to some high-frequency trading done yesterday to smash the price of silver down:
http://www.zerohedge.com/news/catching-silver-crusher-algorithm-act
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