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Daily Dispatches
Gold imports surge as Turks heed Erdogan's call and vote looms
Submitted by cpowell on Wed, 2017-04-05 00:42 Section: Daily DispatchesBy Behiye Selin Taner and Tuvan Gumrukcu
Reuters
Tuesday, April 4, 2017
Turkish gold imports rose 17-fold to 28.2 tonnes in March, as Turks looking to hedge currency risk ahead of a referendum in two weeks time followed President Tayyip Erdogan's calls to buy gold instead of dollars.
Turkey to give central bank first option on buying domestic gold, sources tell Reuters
Submitted by cpowell on Tue, 2017-04-04 21:28 Section: Daily DispatchesBy Nevzat Devranoglu
Reuters
Tuesday, April 4, 2017
ANKARA, Turkey -- Turkey is taking steps to give its central bank the right of first refusal on domestically produced gold, two sources said, allowing it to boost reserves of the precious metal without depleting foreign currency holdings.
Yes, Michael Kramer, but WHY hasn't gold kept up with inflation?
Submitted by cpowell on Tue, 2017-04-04 01:22 Section: Daily Dispatches1:25p HKT Tuesday, April 4, 2017
Dear Friend of GATA and Gold:
Proven and Probable interviews GATA Chairman Murphy
Submitted by cpowell on Mon, 2017-04-03 23:23 Section: Daily Dispatches11:22a HKT Tuesday, April 4, 2017
Dear Friend of GATA and Gold:
Ronan Manly: More consolidation in gold refinery business in Europe
Submitted by cpowell on Mon, 2017-04-03 23:13 Section: Daily Dispatches11:15a HKT Tuesday, April 3, 2017
Dear Friend of GATA and Gold:
Bullion Star's Ronan Manly today reports more consolidation in the European gold and silver refinery business, the acquisition of Argor-Heraeus by Heraeus Precious Metals. Manly's report is headlined "German and Swiss Precious Metals Refiners Join Forces as Heraeus Acquires Argor-Heraeus" and it's posted at Bullion Star here:
TF Metals Report: Infinite imaginary supply from futures keeps silver down
Submitted by cpowell on Mon, 2017-04-03 23:01 Section: Daily Dispatches11a HKT Tuesday, April 4, 2017
Dear Friend of GATA and Gold:
Obscure Comex mechanism getting heavy use, suggesting short squeeze in gold, Turk says
Submitted by cpowell on Mon, 2017-04-03 22:21 Section: Daily Dispatches10:19a 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
Submitted by cpowell on Sun, 2017-04-02 21:59 Section: Daily Dispatches9:58a 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
Submitted by cpowell on Fri, 2017-03-31 20:14 Section: Daily Dispatches8:13a 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
Submitted by cpowell on Thu, 2017-03-30 21:37 Section: Daily DispatchesBy 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.
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