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Daily Dispatches
Gold in India trades at premium for first time in 9 months, dealers say
Submitted by cpowell on Wed, 2016-10-19 08:28 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
Wednesday, October 19, 2016
Gold prices in India swung to a premium for the first time in nine months today as jewellers and dealers in the world's No.2 consumer of the metal ramped up purchases ahead of major festivals.
ECB urges EU to curb virtual money for fear of losing control
Submitted by cpowell on Wed, 2016-10-19 08:23 Section: Daily DispatchesBy Francesco Canepa
Reuters
Tuesday, October 18, 2016
FRANKFURT, Germany -- The European Central Bank wants EU lawmakers to tighten proposed new rules on digital currencies such as bitcoin, fearing they might one day weaken its own control over money supply in the euro zone.
Central banks, not bullion banks, long have been GATA's primary target
Submitted by cpowell on Tue, 2016-10-18 19:34 Section: Daily Dispatches7:40p ET Tuesday, October 18, 2016
Dear Friend of GATA and Gold:
In commentary today (http://www.gata.org/node/16850) Sharps Pixley CEO Ross Norman rebutted your secretary/treasurer's skepticism about the need for a price benchmarking mechanism in gold like the venerable daily gold price fixings in London, which are operated by a few large investment banks (http://www.gata.org/node/16845).
New York Sun: The alt-Trump?
Submitted by cpowell on Tue, 2016-10-18 13:55 Section: Daily DispatchesFrom The New York Sun
Tuesday, October 18, 2016
Dear Wall Street Journal: You don't have to be a Nazi to question central banking
Submitted by cpowell on Tue, 2016-10-18 13:39 Section: Daily DispatchesTuesday, October 18, 2016
Editor, The Wall Street Journal
1211 Avenue of the Americas
New York, N.Y. 10036
Dear Editor:
Before your Bret Stephens again casually attributes anti-Semitism to complaints about central banking, as he did in his October 18 commentary, "The Plot Against America" --
http://www.wsj.com/articles/the-plot-against-america-1476745874
Embry: Even insiders expect EU's collapse, and FT's anti-gold propaganda gets worse
Submitted by cpowell on Tue, 2016-10-18 12:50 Section: Daily Dispatches12:52p ET Tuesday, October 18, 2016
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry, interviewed today by King World News, notes that even insiders are doubting the future of the European Union and that the Financial Times is becoming more desperate in its anti-gold propaganda:
Ross Norman: Why a gold benchmark is still needed and why London fix is best
Submitted by cpowell on Tue, 2016-10-18 11:40 Section: Daily DispatchesBy Ross Norman, CEO
Sharps Pixley Bullion Brokers, London
http://www.sharpspixley.com/
Tuesday, October 18, 2016
My thoughts on GATA Secretary/Treasurer Chris Powell's most recent reply to me, which can be found here:
Deutsche Bank's confession may lead to more disclosures of market rigging
Submitted by cpowell on Tue, 2016-10-18 11:17 Section: Daily Dispatches11:19a ET Tuesday, October 18, 2016
Dear Friend of GATA and Gold:
Deutsche Bank's agreement to pay $38 million to settle class-action antitrust lawsuits charging the bank with being part of a cabal that was rigging the silver market --
http://www.gata.org/node/16847
-- seems important for at least three reasons:
TF Metals Report: Deutsche Bank's silver-rigging settlement is bigger than it looks
Submitted by cpowell on Tue, 2016-10-18 10:46 Section: Daily Dispatches10:47a ET Tuesday, October 18, 2016
Dear Friend of GATA and Gold:
Deutsche Bank to pay $38 million for rigging silver, encouraging other settlements
Submitted by cpowell on Mon, 2016-10-17 23:30 Section: Daily DispatchesDeutsche Bank to Pay $38 Million in U.S. Silver Price-Fixing Case
By Nate Raymond
Reuters
Monday, October 17, 2016
NEW YORK -- Deutsche Bank AG has agreed to pay $38 million to settle U.S. litigation over allegations it illegally conspired with other banks to fix silver prices at the expense of investors, according to court papers filed today.
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