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Daily Dispatches
TF Metals Report: The epic battle continues
Submitted by cpowell on Tue, 2016-05-17 19:30 Section: Daily Dispatches7:29p ET Tuesday, May 17, 2016
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson shows today how yesterday's seemingly unprovoked smash of gold futures prices was another attack by the bullion banks that have -- or have been lent by central banks -- the power to create infinite amounts of imaginary metal for price suppression.
'Audit the Fed' movement is taking a big step forward in Congress this week
Submitted by cpowell on Tue, 2016-05-17 09:27 Section: Daily DispatchesBy Jeff Cox
CNBC, New York
Monday, May 16, 2016
An effort to conduct an unconventional audit of the Federal Reserve is gaining traction in Washington and on its way to a potentially important milestone this week.
Armed gangs confound Venezuela's bid to exploit gold mines
Submitted by cpowell on Tue, 2016-05-17 08:45 Section: Daily DispatchesBy Anatoly Kurmanaev
The Wall Street Journal
Tuesday, May 17, 2016
Paulson cut gold bets again as Soros, others rushed back
Submitted by cpowell on Tue, 2016-05-17 08:38 Section: Daily DispatchesBy Devika Krishna Kumar
Bloomberg News
Tuesday, May 17, 2016
Gold bull John Paulson slashed his bets on bullion while billionaire investor George Soros and other big funds returned to the metal for the first time in years, filings showed on Monday, as prices staged their biggest rally in nearly 30 years.
University of Michigan to invest in gold, copper mining fund
Submitted by cpowell on Tue, 2016-05-17 08:31 Section: Daily DispatchesBy Janet Lorin
Bloomberg News
Monday, May 16, 2016
The University of Michigan plans to invest $30 million in a fund that will buy North American gold and copper mines from distressed companies.
Make America gold again: Calls for everyone's favorite standard are back
Submitted by cpowell on Tue, 2016-05-17 08:19 Section: Daily DispatchesBy Michelle Jamrisko
Bloomberg News
Tuesday, May 17, 2016
When times are tough, new economic theories get a better hearing. Maybe some old ones too.
Bullion Star's Ronan Manly examines the London platinum and palladium market
Submitted by cpowell on Tue, 2016-05-17 08:04 Section: Daily Dispatches8a ET Tuesday, May 17, 2016
Dear Friend of GATA and Gold:
Financial market researcher Ronan Manly today examines the London platinum and palladium market at the outset of London Platinum Week. Manly finds that the market's operations are -- surprise -- something less than transparent. Manly's report is posted at Bullion Star here:
Soros puts $264 million in Barrick Gold, buys calls on gold ETF
Submitted by cpowell on Mon, 2016-05-16 20:44 Section: Daily DispatchesBillionaire Soros Cuts U.S. Stocks by 37%, Buys Gold Miner
By Jesse Riseborough and Saijel Kishan
Bloomberg News
Monday, May 16, 2016
Billionaire George Soros cut his firm's investments in U.S. stocks by more than a third in the first quarter and bought a $264 million stake in the world's biggest bullion producer, Barrick Gold Corp.
Bullion Star makes a graphic of the Comex gold market
Submitted by cpowell on Mon, 2016-05-16 20:15 Section: Daily Dispatches8:15p ET Monday, May 16, 2016
Dear Friend of GATA and Gold:
Bullion Star has created a graphic illustration of the Comex gold market, showing that, like the London gold market, the Comex is a fractional-reserve-based and largely unallocated market with little real metal ever being delivered. The graphic is posted at Bullion Star here:
Libya's central bank needs gold stashed in safe but code is in dispute
Submitted by cpowell on Mon, 2016-05-16 13:46 Section: Daily DispatchesBy Hassan Morajea and Tamer El-Ghobashy
The Wall Street Journal
Friday, May 13, 2016
BEYDA, Libya -- Underneath a bank in this eastern coastal city, a vault holds a trove of gold and silver coins worth $184 million. It belongs to the central bank, which could use the money to alleviate a crippling cash shortage.
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