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Daily Dispatches
Judge's decision in gold market-rigging case is an invitation to journalism
Submitted by cpowell on Wed, 2016-10-05 14:30 Section: Daily Dispatches2:31p ET Wednesday, October 5, 2016
Dear Friend of GATA and Gold:
Regarding disclosure today that the class-action anti-trust lawsuit against the London gold price-fixing banks, brought in U.S. District Court in Manhattan, has been allowed to proceed:
1) This is only a finding that there is enough evidence to continue the lawsuit, not a finding of market manipulation.
FLASH: Market-rigging lawsuit against London gold fix banks can proceed
Submitted by cpowell on Wed, 2016-10-05 13:01 Section: Daily Dispatches2:16p ET Wednesday, October 5, 2016
Dear Friend of GATA and Gold:
UK consumers snap up physical gold after price slides under 1,000 pounds/oz
Submitted by cpowell on Wed, 2016-10-05 11:53 Section: Daily DispatchesBy Jan Harvey
Reuters
via London South East, Essex, England, UK
Wednesday, October 5, 2016
LONDON -- Physical gold demand in London jumped after this week's price drop, dealers said today, as consumers were tempted back to the market by the metal's technically-driven slide through 1,000 pounds an ounce.
The IMF is worried about the world's $152 trillion debt pile
Submitted by cpowell on Wed, 2016-10-05 11:15 Section: Daily DispatchesBy Andrew Mayada
Bloomberg News
Wednesday, October 5, 2016
Eight years after the financial crisis, the world is suffering from a debt hangover of unprecedented proportions.
Deutsche Bank strategist says gold will keep crashing. (But then what about DB itself?)
Submitted by cpowell on Wed, 2016-10-05 10:44 Section: Daily DispatchesDeutsche Bank Strategist Says the Gold Crash Is Just Getting Started
By Narae Kim
Bloomberg News
Wednesday, October 5, 2016
It has been a good ride for gold holders this year, as bullion posted its best first half performance in almost four decades.
Avery Goodman: Market manipulators choose Chinese holiday to smash gold
Submitted by cpowell on Wed, 2016-10-05 10:23 Section: Daily Dispatches10:25a ET Wednesday, October 5, 2016
Dear Friend of GATA and Gold:
Colorado securities lawyer (and novelist) Avery Goodman today provides excellent analysis of yesterday's smashing of monetary metals futures prices.
1,000 tonnes in paper gold dumped today to help bullion banks cover, Maguire tells KWN
Submitted by cpowell on Tue, 2016-10-04 14:55 Section: Daily Dispatches2:56p ET Tuesday, October 4, 2016
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire tells King World News that today's smashing of gold involved about 1,000 tonnes' worth of paper gold.
In KWN interview, Turk sees bank failures heralding another depression
Submitted by cpowell on Mon, 2016-10-03 19:59 Section: Daily Dispatches8p ET Monday, October 3, 2016
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk, interviewed today by King World News, predicts that another Great Depression will begin with bank failures in Italy and then the failure of Deutsche Bank:
http://kingworldnews.com/james-turk-deutsche-bank-failure-to-usher-in-th...
Goldcorp slumps most among major gold miners on Mexico shutdown
Submitted by cpowell on Mon, 2016-10-03 19:48 Section: Daily DispatchesBy Danielle Bochove
Bloomberg News
Monday, October 3, 2016
Goldcorp Inc. fell the most among large gold producers after the Vancouver-based company said it was halting work at one of its biggest mines amid a labor protest.
Summers floats idea of sustained stock purchases by government
Submitted by cpowell on Mon, 2016-10-03 11:15 Section: Daily DispatchesBy Chris Anstey
Bloomberg News
Friday, September 30, 2016
Former U.S. Treasury Secretary Lawrence Summers floated the idea of continuous purchases of stocks as a potential ingredient in a recipe for the developed world to strengthen economies struggling with subdued growth and inflation.
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