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Daily Dispatches
Banks say gold price-fixing data errors entitle them to do-over
Submitted by cpowell on Tue, 2017-05-02 20:55 Section: Daily DispatchesBy Cara Mannion
Law 360, New York
Monday, May 1, 2017
NEW YORK -- Barclays and three other banks told a New York federal court Monday that they didn't waste its time when requesting a second shot at tossing a case over their alleged conspiracy to manipulate the price of gold, saying investors' use of flawed data in the suit justifies a do-over.
USAGold's News & Views for May notes gold's undervaluation
Submitted by cpowell on Mon, 2017-05-01 13:16 Section: Daily Dispatches1:15p ET Monday, May 1, 2017
Dear Friend of GATA and Gold:
USAGold's News & Views letter for May, written and edited by proprietor Mike Kosares and published today, provides interesting data about what seems like gold's substantial undervaluation, at least by the standards that applied before surreptitious intervention in the gold market by central banks became pervasive.
Gold accumulation increases in April in China, India, Russia
Submitted by cpowell on Mon, 2017-05-01 07:08 Section: Daily Dispatches7:08a ET Monday, May 1, 2017
Dear Friend of GATA and Gold:
Bullion Star's gold market charts for April, drawn from Nick Laird's Gold Charts R Us internet site, show increasing accumulation in China, India, and Russia, signified perhaps most notably in China by withdrawals through the Shanghai Gold Exchange. Bullion Star's report is posted here:
Goldcore's Jan Skoyles: Is regulation putting a stop to silver price manipulation?
Submitted by cpowell on Fri, 2017-04-28 11:33 Section: Daily DispatchesBy Jan Skoyles
Goldcore.com, Dublin
Friday, April 28, 2017
Simple economics tells us that markets and prices are driven by demand and supply. Unfortunately, this isn’t always the case in the silver market. However, the threat of new regulations may be putting a stop to some bullion banks from fiddling the London silver benchmark.
Fear of regulation causes big swings in London's silver benchmark, Reuters says
Submitted by cpowell on Fri, 2017-04-28 11:25 Section: Daily DispatchesThis is funny. Government regulators have NEVER done anything about manipulation of the gold and silver markets. Yes, market rigging is everywhere but gold and silver are the only markets to which regulation has NEVER been applied, lest it expose the interventions of governments themselves.
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Exclusive: Fear of Regulation Causes Big Swings in London's Silver Benchmark
Alasdair Macleod: End of empire
Submitted by cpowell on Thu, 2017-04-27 14:43 Section: Daily Dispatches2:42p ET Thursday, April 27, 2017
Dear Friend of GATA and Gold:
China's net-gold imports via Hong Kong more than double in March
Submitted by cpowell on Tue, 2017-04-25 15:23 Section: Daily DispatchesBy Nallur Sethuraman and Arpan Varghese
Reuters
Tuesday, April 25, 2017
China's net-gold imports via main conduit Hong Kong more than doubled month-on-month in March, data showed on Tuesday.
TF Metals Report: Silver price management
Submitted by cpowell on Tue, 2017-04-25 15:14 Section: Daily Dispatches3:15p ET Tuesday, April 25, 2017
Dear Friend of GATA and Gold:
Ronan Manly: Sweden conceals the status of its gold reserves
Submitted by cpowell on Mon, 2017-04-24 13:40 Section: Daily Dispatches1:39p ET Monday, April 24, 2017
Dear Friend of GATA and Gold:
French election results just an excuse to kick gold, Embry tells KWN
Submitted by cpowell on Mon, 2017-04-24 12:35 Section: Daily Dispatches12:35p ET Monday, April 24, 2017
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry tells King World News today that while the results of the first round of France's presidential election were entirely expected, they provided another excuse for central banks and governments to slap gold down, but it wasn't very successful. Embry's comments are excerpted at KWN here:
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