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Daily Dispatches
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.
Trump may have a $300 million conflict of interest with Deutsche Bank
Submitted by cpowell on Thu, 2016-12-22 08:48 Section: Daily DispatchesNotice that there's no mention here of any concern by the U.S. government about Deutsche Bank's confessed involvement in the gold price suppression scheme -- a very conspicuous omission by not only the U.S. government but by Bloomberg News itself.
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By Keri Geiger, Greg Farrell, and Sarah Mulholland
Bloomberg News
Thursday, December 22, 2016
Trump win ignites hope for stalled Alaska copper and gold mine
Submitted by cpowell on Wed, 2016-12-21 20:25 Section: Daily DispatchesBy Nicole Mordant
Reuters
Wednesday, December 21, 2016
VANCOUVER, British Columbia, Canada -- A small Canadian miner is confident that Donald Trump's U.S. presidential win will let it proceed with an application for a copper and gold mine in Alaska that has been stalled almost three years by environmental regulators aiming to protect the world's biggest sockeye salmon fishery.
Goldmoney joins blockchain gold rush with Royal Canadian Mint
Submitted by cpowell on Wed, 2016-12-21 10:54 Section: Daily DispatchesGold is not only still money but it's getting better all the time.
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By Ian Allison
International Business Times, New York
Wednesday, December 21, 2016
Bullion Star's primer on the U.S. gold reserve
Submitted by cpowell on Wed, 2016-12-21 10:43 Section: Daily Dispatches10:48a ET Wednesday, December 21, 2016
Dear Friend of GATA and Gold:
Seven banks fined in Swiss probes of rate-rigging cartels
Submitted by cpowell on Wed, 2016-12-21 08:28 Section: Daily DispatchesBy Cindy Roberts and Donal Griffin
Bloomberg News
Wednesday, December 21, 2016
Switzerland handed out about $100 million in antitrust fines against seven U.S. and European banks for participating in cartels to manipulate widely used financial benchmarks.
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