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Daily Dispatches
Ronan Manly: Comex and ICE exaggerate gold inventories
Submitted by cpowell on Sat, 2016-12-24 12:26 Section: Daily Dispatches12:26p ET Saturday, December 24, 2016
Dear Friend of GATA and Gold:
Gold researcher Ronan Manly reports today that both the Comex and the Intercontinental Exchange are exaggerating their gold inventories. Manly's analysis is headlined "COMEX and ICE Gold Vault Reports Both Overstate Eligible Gold Inventory" and it's posted at Bullion Star here:
High-quality counterfeit gold bars sold in Winnipeg and other Canadian cities
Submitted by cpowell on Sat, 2016-12-24 11:03 Section: Daily DispatchesFrom the Canadian Broadcasting Corp., Toronto
Friday, December 23, 2016
http://www.cbc.ca/news/canada/manitoba/counterfeit-gold-bars-1.3911346
If you're planning on buying gold bars anytime soon, Winnipeg police are advising extra caution after a series of "suspicious transactions" at locations in the city.
Proven and Probable interviews GATA Chairman Bill Murphy
Submitted by cpowell on Fri, 2016-12-23 21:35 Section: Daily Dispatches9:35p ET Friday, December 23, 2016
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy was interviewed this week by Proven and Probable's Maurice Jackson, discussing the prospects for the monetary metals and whether gold or silver have more potential for price appreciation. The interview is 13 minutes long and can be heard at the Proven and Probable internet site here:
Deutsche Bank agrees to $7.2 billion mortgage settlement with U.S.
Submitted by cpowell on Fri, 2016-12-23 00:28 Section: Daily DispatchesBy Karen Freifeld, Arno Schuetze, and Kathrin Jones
Reuters
Friday, December 23, 2016
Deutsche Bank has agreed to a $7.2 billion settlement with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities in the run-up to the 2008 financial crisis.
Dimitri Speck: Deutsche Bank settlement and charts provide market manipulation evidence
Submitted by cpowell on Thu, 2016-12-22 19:42 Section: Daily Dispatches7:42p ET Thursday, December 22, 2016
Dear Friend of GATA and Gold:
Avery Goodman: Comex creates fake 'spot' physical gold and silver market
Submitted by cpowell on Thu, 2016-12-22 14:03 Section: Daily Dispatches2p ET Thursday, December 22, 2016
Dear Friend of GATA and Gold:
Securities lawyer and market analyst Avery Goodman today warns investors against another unallocated gold scam being concocted by CME Group, operator of the New York Commodity Exchange. Goodman's commentary is headlined "Comex Creates Fake 'Spot' Physical Gold and Silver Market" and it's posted at his internet site here:
Jan Skoyles: Will blockchain serve gold investors or just government gold vaults?
Submitted by cpowell on Thu, 2016-12-22 11:52 Section: Daily Dispatches11:52a ET Thursday, December 22, 2016
Dear Friend of GATA and Gold:
GoldCore's Jan Skoyles writes today that attaching "blockchain" technology to gold transactions and vaulting does not necessarily accomplish much for gold investors, especially when a government is holding the gold for its nominal owners.
China tries to talk dollar down, saying market is 'too optimistic' about Trump
Submitted by cpowell on Thu, 2016-12-22 11:35 Section: Daily DispatchesBy Wendy Wu and Jane Cai
South China Morning Post, Hong Kong
Thursday, December 22, 2016
After making little headway in talking up the yuan, Beijing has changed tack to talk down the U.S. dollar.
Ma Jun, chief economist at a central bank research bureau, said today the market was "too optimistic" about US president-elect Donald Trump and his policies.
India said to consider lowering gold import tax to 6% from 10%
Submitted by cpowell on Thu, 2016-12-22 11:18 Section: Daily DispatchesBy Shruti Srivastava
Bloomberg News
Wednesday, December 21, 2016
India, the world's second-biggest consumer of gold, is said to be considering cutting the import tax on the precious metal to curb its smuggling, according to people familiar with the matter.
Alasdair Macleod: Inflation will outrun interest rates in 2017
Submitted by cpowell on Thu, 2016-12-22 10:59 Section: Daily Dispatches11a ET Thursday, December 22, 2016
Dear Friend of GATA and Gold:
Describing his outlook for 2017, GoldMoney research director Alasdair Macleod today explains why he thinks it will be a good year for gold.