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Daily Dispatches
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.
Even insiders know that the EU is doomed, Turk tells KWN
Submitted by cpowell on Mon, 2016-10-17 14:33 Section: Daily Dispatches2:35p ET Monday, October 17, 2016
Dear Friend of GATA and Gold:
Interviewed today by King World News, GoldMoney founder and GATA consultant James Turk says that even members of the political and financial establishment understand that the European Union project has been botched and is doomed. An excerpt from the interview is posted at KWN here:
Reply to Ross Norman: Is GATA discouraging gold investment?
Submitted by cpowell on Mon, 2016-10-17 14:07 Section: Daily Dispatches2:16p ET Monday, October 17, 2016
Dear Friend of GATA and Gold:
Under the circumstances Ross Norman, CEO of London bullion dealer Sharps Pixley, was pretty heroic with his cordial reply today --
http://www.gata.org/node/16842
-- to the questions your secretary/treasurer publicly posed to him Saturday:
China, Singapore boost gold pricing campaign in push for Asia
Submitted by cpowell on Mon, 2016-10-17 12:28 Section: Daily DispatchesBy Manolo Serapio Jr and Koustav Samanta
Reuters
Monday, October 17, 2016
SINGAPORE -- China is marketing its yuan gold price to foreign exchanges and Singapore is looking at bringing London's gold benchmark to users in Asia, in moves meant to boost the region's exposure and influence in the global bullion market. ...
Singapore makes another bid for Asia to help set gold price
Submitted by cpowell on Mon, 2016-10-17 08:39 Section: Daily DispatchesBy Manolo Serapio Jr.
Reuters
Monday, October 17, 2016
SINGAPORE -- Singapore will study the possibility of bringing the gold benchmark pricing in London to users in Asia in a move that would also allow market participants in the world's top consuming region to help set the price of bullion.
Ross Norman: Central bank manipulation of gold wouldn't surprise me
Submitted by cpowell on Mon, 2016-10-17 08:12 Section: Daily DispatchesBy Ross Norman, CEO
Sharps Pixley Bullion Brokers, London
Sunday, October 16, 2016
GATA Secretary Chris Powell has invited me to reply to his October 15 commentary --
http://www.gata.org/node/16839
-- in which he replied to my article of the 14th, wherein I rebutted an academic study that concluded that the London gold price fix was manipulated:
ICE will start gold futures for clearing London's daily auction
Submitted by cpowell on Sun, 2016-10-16 21:13 Section: Daily DispatchesBy Eddie Van Der Walt and Ranjeetha Pakiam
Bloomberg News
Sunday, October 16, 2016
Intercontinental Exchange Inc., which runs the daily London gold auction, will start a futures contract for the metal in the United States in February, jumping the gun on the London Metal Exchange, which is also working on a London-focused product.
Gold is actually doing great, von Greyerz tells King World News
Submitted by cpowell on Sun, 2016-10-16 21:02 Section: Daily Dispatches9p ET Sunday, October 16, 2016
Dear Friend of GATA and Gold:
A few questions for Sharps Pixley CEO Ross Norman and other bullion bankers
Submitted by cpowell on Sat, 2016-10-15 14:43 Section: Daily Dispatches2:50p ET Saturday, October 15, 2016
Dear Friend of GATA and Gold:
Ross Norman, CEO of London bullion dealer Sharps Pixley, yesterday disputed the 2013 study by a professor at the University of Western Australia that concluded that prices in the twice-daily London gold fixings were manipulated, a study publicized this week by the Sydney-based newspaper The Australian:
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