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Daily Dispatches
Mysterious gold trades of 4 million ounces spur price plunge
Submitted by cpowell on Fri, 2017-11-10 19:02 Section: Daily DispatchesIt seems that the central banks are no longer afraid of being seen keeping gold down -- that their power has waned so much that they need to be seen to scare investors more.
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By Luzi-Ann Javier
Bloomberg News
Friday, November 10, 2017
Trades that moved about 4 million ounces of gold in a matter of minutes awakened the precious metal from its slumber.
CNBC can't understand gold's sudden drop today
Submitted by cpowell on Fri, 2017-11-10 12:47 Section: Daily DispatchesAny journalist who really wants to understand it might review the material here --
http://www.gata.org/node/17751
-- and then call the Bank for International Settlements in Basel, Switzerland, at +41-61-280-8080 and ask for the gold swaps and leases department.
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Gold Just Dropped in Sudden Move Lower
By John Melloy and Fred Imbert
CNBC, New York
Ned Naylor-Leyland: Oppose takeover of CEF to prevent banks from raiding its gold
Submitted by cpowell on Fri, 2017-11-10 12:29 Section: Daily Dispatches12:33p ET Friday, November 10, 2017
Dear Friend of GATA and Gold:
Old Mutual gold and silver fund manager Ned Naylor-Leyland today explains why he opposes Sprott Asset Management's long-running bid to acquire the Central Fund of Canada gold fund -- in part to keep CEF's gold from being raided by investment banks for covering their short positions.
Gold investors hold their nerve while stock markets fly
Submitted by cpowell on Fri, 2017-11-10 11:45 Section: Daily DispatchesBy Jan Harvey
Reuters
Friday, November 10, 2017
LONDON -- Gold’s resilience in the face of soaring equities and a dramatic fall in demand this year points to underlying confidence in the metal among investors unconvinced by this autumn's scorching stock market rally.
Alasdair Macleod: Cryptos may destabilize fiat currency
Submitted by cpowell on Thu, 2017-11-09 20:04 Section: Daily Dispatches8:04p ET Thursday, November 9, 2017
Dear Friend of GATA and Gold:
Bitcoin and other cryptocurrencies are a bubble, GoldMoney research director Alasdair Macleod writes today, but potentially the ultimate bubble and they may have a fantastic distance yet to run, potentially cannibalizing government currencies and generating vast price inflation before governments try to strike them down.
Third-quarter gold demand slides to eight-year low, World Gold Council says
Submitted by cpowell on Thu, 2017-11-09 07:18 Section: Daily DispatchesBy Jan Harvey
Reuters
Thursday, November 9, 2017
LONDON -- Gold demand slid to its lowest in eight years in the last quarter as jewelry buying fell and inflows into bullion-backed exchange traded funds dried up, data from the World Gold Council showed today.
Overall demand fell 9 percent to 915 tonnes, its weakest since the third quarter of 2009, the WGC said.
Dave Kranzler: Something different is happening with gold and silver
Submitted by cpowell on Wed, 2017-11-08 14:25 Section: Daily Dispatches2:25p ET Wednesday, November 8, 2017
Dear Friend of GATA and Gold:
Craig Hemke: Could a commodity rally help spark silver?
Submitted by cpowell on Wed, 2017-11-08 12:26 Section: Daily Dispatches12:26p ET Wednesday, November 8, 2017
Dear Friend of GATA and Gold:
Ethical behavior gives public confidence in Fed, Yellen says
Submitted by cpowell on Wed, 2017-11-08 08:53 Section: Daily DispatchesSo how come the Fed opposes being audited by Congress?
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By David Harrison
The Wall Street Journal
Tuesday, November 7, 2017
Federal Reserve Chairwoman Janet Yellen said Tuesday that ethical behavior from the Fed allows the public to trust it is acting on its behalf.
CPM Group's Jeffrey Christian joins Monetary Metals' Board of Advisers
Submitted by cpowell on Wed, 2017-11-08 08:37 Section: Daily DispatchesCompany Announcement
Tuesday, November 7, 2017
SCOTTSDALE, Arizona -- Monetary Metals announces that Jeffrey Christian has become an adviser to the company. Christian IS founder and Managing Partner of CPM Group, a commodities research, consulting, financial advisory, and commodities management firm.
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