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Daily Dispatches

Obscure Comex mechanism getting heavy use, suggesting short squeeze in gold, Turk says

Section: Daily Dispatches

10:19a HKT Tuesday, April 4, 2017

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk today tells King World News about evidence of a short squeeze in gold on the New York Commodities Exchange, where use of the obscure contract-settling mechanism of "exchange of futures for physicals" seems to be exploding. Turk's analysis is posted at KWN here:

GATA secretary discusses gold market rigging on CNBC Asia

Section: Daily Dispatches

9:58a HKT Monday, April 3, 2017

Dear Friend of GATA and Gold:

CNBC Asia's "Squawk Box" program with Bernie Lo in Hong Kong this morning gave your secretary/treasurer five or six minutes to discuss recent developments in gold market rigging by central banks. A two-minute, 30-second excerpt from the interview is posted at the CNBC archive here:

Physical starts to nudge paper gold price, Maguire tells King World News

Section: Daily Dispatches

8:13a SST Saturday, March 31, 2017

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire, interviewed by King World News, sees signs that liquidity is draining away from the paper gold market and that physical gold purchases increasingly are influencing the price. An excerpt from the interview is posted at KWN here:

Danielle DiMartino Booth: The Fed is bedeviled by Keynes' paradox

Section: Daily Dispatches

By Danielle DiMartino Booth
Bloomberg News
Thursday, March 30, 2017

The economist John Maynard Keynes warned that ultra-low interest rates would backfire on central banks seeking to spur borrowing and spending, yet they seemed surprised that the current recovery is the weakest in postwar history after cutting rates to near zero, or even below in some cases.

Guess why JPM might get away with exceeding position limits in silver futures

Section: Daily Dispatches

9:10a SST Thursday, March 29, 2017

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson (aka Craig Hemke) announced Wednesday that he has made a formal complaint to the U.S. Commodity Futures Trading Commission about what looks like JPMorganChase's exceeding trader position limits in silver futures.

Gold to soar to $1,500 as inflation makes comeback, Incrementum's Stoeferle says

Section: Daily Dispatches

By Ranjeetha Pakiam
Bloomberg News
Tuesday, March 28, 2017

Gold is poised to rally to levels last seen four years ago as rising inflation and negative real interest rates combine to boost demand, according to Incrementum AG, which says that the precious metal may be in the early stages of a bull market.

House committee approves bill to increase scrutiny of Fed

Section: Daily Dispatches

By Jason Lange
Reuters
Tuesday, March 28, 2017

WASHINGTON -- A Republican-controlled committee of lawmakers approved a bill on Tuesday to allow a congressional audit of Federal Reserve monetary policy, a proposal Fed policymakers have opposed and which faces an uncertain path to final approval.

Shandong Gold says it may have found China's biggest gold mine

Section: Daily Dispatches

From Bloomberg News
Tuesday, March 28, 2017

Shandong Gold Group Co., China’s No. 2 producer by output, said it discovered deposits in eastern China that could be the nation’s largest discovery as it pushes to add reserves.

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