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Daily Dispatches
Swiss social insurance pension fund drops paper claims, takes gold bars instead
Submitted by cpowell on Wed, 2018-06-06 14:42 Section: Daily DispatchesThe fund cited here is the primary Swiss government social insurance pension fund.
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Swaps Swapped: Switzerland's AHV Moves into Physical Gold
By Barbara Ottawa
Investment Pensions & Europe, London
Tuesday, June 5, 2018
Switzerland's AHV/AVS fund is shifting to physical gold for the commodity exposure in its SwFr35.2 billion (E30.5 billion, $35.6 billion) portfolio.
Scotiabank to scrap half its metals business, sources tell Reuters
Submitted by cpowell on Wed, 2018-06-06 14:31 Section: Daily DispatchesBy Peter Hobson
Reuters
Wednesday, June 6, 2018
LONDON -- Canada's Bank of Nova Scotia (Scotiabank) is limiting lending by its ScotiaMocatta metals unit as it embarks on a radical restructuring likely to halve the size of the business, sources familiar with the matter said.
Christopher Belding: China is rigging all currency and asset prices ...
Submitted by cpowell on Tue, 2018-06-05 14:25 Section: Daily Dispatches... and only pretending to have markets.
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China's Not Feeling the Yuan Market Love
The Hand of the Government is the Only Certainty in This Currency Puzzle
By Christopher Balding
Bloomberg News
Tuesday, June 5, 2018
https://www.bloomberg.com/view/articles/2018-06-04/china-s-not-feeling-t...
Nicholas Biezanek: Whatever 'exchange for physicals' do, they're not taking London gold
Submitted by cpowell on Mon, 2018-06-04 22:55 Section: Daily Dispatches10:57p ET Monday, June 4, 2018
Dear Friend of GATA and Gold:
South African market analyst Nicholas Biezanek reports that whatever is represented by the explosive increase in use of the "exchange for physicals" mechanism to settle gold and silver contracts on the New York Commodities Exchange represents, it is not drawing down the inventory of metal vaulted in London.
Member of UK Parliament inquires about gold and silver market rigging
Submitted by cpowell on Mon, 2018-06-04 10:19 Section: Daily Dispatches10:18a ET Monday, June 4, 2018
Dear Friend of GATA and Gold:
A member of the British Parliament, Jeremy Lefroy, wrote last week to the country's treasury department about manipulation of the gold and silver markets.
The exchange was publicized today by Rory Hall of the Daily Coin.
J.P. Koning: Gold and the monetary blockade on Iran
Submitted by cpowell on Sun, 2018-06-03 22:13 Section: Daily Dispatches10:13p ET Sunday, June 3, 2018
Dear Friend of GATA and Gold:
Russia to double gold extraction to become second-biggest producer
Submitted by cpowell on Sun, 2018-06-03 10:02 Section: Daily DispatchesFrom Russia Today, Moscow
Sunday, June 3, 2018
Major Russian gold mining companies are planning to almost double production. The increase could make Russia the world's second largest producer of the precious metal.
Venezuela pays Citi $172 million to recover swapped gold, Reuters says
Submitted by cpowell on Fri, 2018-06-01 23:21 Section: Daily DispatchesBy Corina Pons
Reuters
Friday, June 1, 2018
https://www.reuters.com/article/us-venezuela-economy/venezuela-central-b...
Paulson nears launch of investor alliance to shake up gold sector
Submitted by cpowell on Fri, 2018-06-01 17:04 Section: Daily DispatchesBy John Tilak and Nicole Mordant
Reuters
Friday, June 1, 2018
U.S. hedge fund Paulson & Co, led by long-time gold bull John Paulson, is set to name a group of investors that will work together to try to drive changes and better returns from gold mining companies after years of dismal industry performance, according to people familiar with the situation.
Ted Butler: Great frauds require darkness
Submitted by cpowell on Fri, 2018-06-01 16:40 Section: Daily Dispatches4:39p ET Friday, June 1, 2018
Dear Friend of GATA and Gold:
"Great Frauds Require Darkness" is the headline of silver market analyst Ted Butler's latest commentary about silver market manipulation, in which he notes that no one in government authority and no mainstream financial news organization dares to approach the issue. Butler's commentary is posted at 24hGold here --
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