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Daily Dispatches

Bundesbank says it's bringing Germany's home gold faster than planned

Section: Daily Dispatches

By Maria Sheahan
Reuters
Saturday, December 24, 2016

http://www.reuters.com/article/germany-bundesbank-gold-idUSL5N1EI4IY

Germany's Bundesbank has this year taken back more of its gold than planned as it moves toward hoarding half of the world's second-largest reserve at home, Bundesbank President Jens Weidmann told German daily Bild.

Ronan Manly: Comex and ICE exaggerate gold inventories

Section: Daily Dispatches

12:26p ET Saturday, December 24, 2016

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly reports today that both the Comex and the Intercontinental Exchange are exaggerating their gold inventories. Manly's analysis is headlined "COMEX and ICE Gold Vault Reports Both Overstate Eligible Gold Inventory" and it's posted at Bullion Star here:

High-quality counterfeit gold bars sold in Winnipeg and other Canadian cities

Section: Daily Dispatches

From the Canadian Broadcasting Corp., Toronto
Friday, December 23, 2016

http://www.cbc.ca/news/canada/manitoba/counterfeit-gold-bars-1.3911346

If you're planning on buying gold bars anytime soon, Winnipeg police are advising extra caution after a series of "suspicious transactions" at locations in the city.

Proven and Probable interviews GATA Chairman Bill Murphy

Section: Daily Dispatches

9:35p ET Friday, December 23, 2016

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy was interviewed this week by Proven and Probable's Maurice Jackson, discussing the prospects for the monetary metals and whether gold or silver have more potential for price appreciation. The interview is 13 minutes long and can be heard at the Proven and Probable internet site here:

Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.

Section: Daily Dispatches

By Karen Freifeld, Arno Schuetze, and Kathrin Jones
Reuters
Friday, December 23, 2016

Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis.

Avery Goodman: Comex creates fake 'spot' physical gold and silver market

Section: Daily Dispatches

2p ET Thursday, December 22, 2016

Dear Friend of GATA and Gold:

Securities lawyer and market analyst Avery Goodman today warns investors against another unallocated gold scam being concocted by CME Group, operator of the New York Commodity Exchange. Goodman's commentary is headlined "Comex Creates Fake 'Spot' Physical Gold and Silver Market" and it's posted at his internet site here:

Jan Skoyles: Will blockchain serve gold investors or just government gold vaults?

Section: Daily Dispatches

11:52a ET Thursday, December 22, 2016

Dear Friend of GATA and Gold:

GoldCore's Jan Skoyles writes today that attaching "blockchain" technology to gold transactions and vaulting does not necessarily accomplish much for gold investors, especially when a government is holding the gold for its nominal owners.

China tries to talk dollar down, saying market is 'too optimistic' about Trump

Section: Daily Dispatches

By Wendy Wu and Jane Cai
South China Morning Post, Hong Kong
Thursday, December 22, 2016

After making little headway in talking up the yuan, Beijing has changed tack to talk down the U.S. dollar.

Ma Jun, chief economist at a central bank research bureau, said today the market was "too optimistic" about US president-elect Donald Trump and his policies.

India said to consider lowering gold import tax to 6% from 10%

Section: Daily Dispatches

By Shruti Srivastava
Bloomberg News
Wednesday, December 21, 2016

India, the world's second-biggest consumer of gold, is said to be considering cutting the import tax on the precious metal to curb its smuggling, according to people familiar with the matter.

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