Daily Dispatches

First up: a gold depository in Texas. And then?

Submitted by cpowell on Wed, 2016-09-28 00:02 Section: Daily Dispatches

By Anna M. Tinsley
Fort Worth Star-Telegram
Tuesday, September 27, 2016

A gold depository in Texas is just the first step.

After work begins on the state's first bullion depository -- and proposals to create it are due by the end of the week -- then officials hope to bring more commodity markets to the state.

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'Debt binge' will implode world financial system, Embry says

Submitted by cpowell on Tue, 2016-09-27 15:11 Section: Daily Dispatches

3:12p ET Tuesday, September 27, 2016

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry tells King World News today that the implosion of the world financial system is approaching because of the "epic debt binge" of the last 30 years and market manipulation won't forestall it forever. Embry's interview is excerpted at KWN here:

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Randgold chief sees gold supply problem

Submitted by cpowell on Tue, 2016-09-27 14:50 Section: Daily Dispatches

By Dineo Faku
The Independent, Cape Town, South Africa
Tuesday, September 27, 2016

JOHANNESBURG, South Africa -- Mark Bristow, South African-born founder and chief executive of Randgold Resources, foresees a looming supply problem in the gold industry, saying that there was not enough exploration to replace gold that was being produced.

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Options expiration is prime time for monetary metals suppression, Turk cautions

Submitted by cpowell on Mon, 2016-09-26 20:35 Section: Daily Dispatches

8:34p ET Monday, September 26, 2016

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk tells King World News today that monetary metals prices are likely to weaken this week because of futures market options expiration, prime time for price suppression by central banks and their bullion bank agents. An excerpt from the interview is posted at KWN here:

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Germany will rescue Deutsche Bank if necessary, Allianz exec says

Submitted by cpowell on Mon, 2016-09-26 13:27 Section: Daily Dispatches

By Esteban Duarte
Bloomberg News
Monday, September 26, 2016

The German government will have to bail out Deutsche Bank AG if its financial situation gets bad enough, Allianz Global Investors AG Chief Investment Officer Andreas Utermann said.

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Deutsche Bank shares slump to lowest level in 25 years as Merkel rules out state aid

Submitted by cpowell on Mon, 2016-09-26 08:16 Section: Daily Dispatches

By Julia Bradshaw
The Telegraph, London
Monday, September 26, 2016

Shares in Deutsche Bank have slumped to their lowest level in a quarter of a century following reports over the weekend that Germany's Chancellor Angela Merkel has ruled out any state assistance for the lender, reviving fears that it could become severely undercapitalized.

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Fed seeks sharp limit on Wall Street commodity holdings

Submitted by cpowell on Sat, 2016-09-24 04:13 Section: Daily Dispatches

By Jesse Hamilton
Bloomberg News
Friday, September 23, 2016

Goldman Sachs Group Inc.'s and Morgan Stanley's sometimes lucrative romance with metals, coal, and oil could become prohibitively expensive under a proposed rule released Friday by the Federal Reserve.