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Daily Dispatches
Bloomberg notes silver riggers' collusion, so how about central banks' collusion vs. gold?
Submitted by cpowell on Mon, 2016-12-12 12:48 Section: Daily Dispatches12:53p ET Monday, December 12, 2016
Dear Friend of GATA and Gold:
Bloomberg News today excerpts some of the most incriminating electronic exchanges between bullion bank traders colluding to manipulate the silver market, exchanges documented by Deutsche Bank as part of its settlement of the class-action lawsuit brought against it in federal court in New York.
Singapore is a safe haven for gold investors
Submitted by cpowell on Mon, 2016-12-12 11:51 Section: Daily DispatchesBy Andrea Soh
The Straits Times, Singapore
Monday, December 12, 2016
SINGAPORE -- Two years after the Great Financial Crisis, Michael Tan (not his real name) took his life savings and converted 70 percent of it into precious metals.
Indian gold imports said to jump to year's high in November
Submitted by cpowell on Mon, 2016-12-12 11:38 Section: Daily DispatchesBy Shruti Srivastava and Swansy Afonso
Bloomberg News
Monday, December 12, 2016
Gold imports by India, the second-biggest consumer, are said to have climbed 10 percent in November to the highest this year, according to a person familiar with provisional Finance Ministry data. Demand increased as jewelers built up stockpiles for the marriage season, a trade group said.
India's top gold import bank suspends some bullion dealer accounts
Submitted by cpowell on Mon, 2016-12-12 11:32 Section: Daily DispatchesBy Rajendra Jadhav and Devidutta Tripathy
Reuters
Monday, December 12, 2016
MUMBAI, India -- Axis Bank Ltd., India's top importer of gold, has suspended the bank accounts of some bullion dealers and jewellers after two of its executives at a branch were arrested over alleged money laundering.
Forced into digital transactions, Indians resume buying gold anyway
Submitted by cpowell on Mon, 2016-12-12 11:26 Section: Daily DispatchesGold Jewellery Sales Pick Up Slowly After Falling 80%
By Sutanuka Ghosal
The Times of India, Mumbai
Monday, December 12, 2016
KOLKATA, India -- Gold sales have picked up by 40-50 percent this month as consumers are getting used to digital transactions to purchase the metal.
Inflation-hit Venezuela to pull largest bill from circulation
Submitted by cpowell on Sun, 2016-12-11 22:00 Section: Daily DispatchesBy Girish Gupta
Reuters
Sunday, December 11, 2016
CARACAS, Venezuela -- Mired in an economic crisis and facing the world's highest inflation, Venezuela will pull its largest bill, worth two U.S. cents on the black market, from circulation this week ahead of introducing new higher-value notes, President Nicolas Maduro said today.
Avery Goodman: India's attacks on gold are just posturing and will have little effect
Submitted by cpowell on Sun, 2016-12-11 09:47 Section: Daily Dispatches9:47a ET Sunday, December 11, 2016
Dear Friend ofGATA and Gold:
Silver price charts annotated with messages between market-rigging traders
Submitted by cpowell on Sat, 2016-12-10 23:13 Section: Daily Dispatches11:13p ET Saturday, December 10, 2016
Dear Friend of GATA and Gold:
Nick Laird of Gold Charts R Us has built charts of silver prices that link price movements with the messages between traders disclosed this week in the anti-trust lawsuit against the investment banks accused of rigging the market. The annotated charts can be viewed at Laird's internet site here:
Mike Kosares: Trump, Reagan economies at polar opposites
Submitted by cpowell on Sat, 2016-12-10 15:22 Section: Daily Dispatches3:20p ET Saturday, December 10, 2016
Dear Friend of GATA and Gold:
Deutsche Bank's 'smoking gun' evidence cited in bid to expand U.S. silver rigging case
Submitted by cpowell on Sat, 2016-12-10 09:50 Section: Daily DispatchesBy Nate Raymond
Reuters
Thursday, December 8, 2016
Lawyers for investors accusing several major banks of conspiring to rig silver prices are seeking to add five new defendants to the case, based what they call "smoking gun" evidence they obtained from Deutsche Bank following a settlement.
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