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Daily Dispatches
Gold premiums in China at 3-year high as Indian demand stays weak
Submitted by cpowell on Fri, 2016-12-16 10:27 Section: Daily DispatchesBy Sethuraman N. .R and Rajendra Jadhav
Reuters
Friday, December 16, 2016
Gold premiums in China surged to their highest in nearly three years this week on fears of limited supply of the metal, while demand in India remained weak amid low prices due to a severe cash crunch following the government's demonetisation move.
Gold chart annotated with exchanges between market-manipulating traders
Submitted by cpowell on Thu, 2016-12-15 21:14 Section: Daily Dispatches9:14p ET Thursday, December 15, 2016
Dear Friend of GATA and Gold:
Having already done it for the silver market rigging documentation --
Avery Goodman: The Trump administration looks friendly toward a gold standard
Submitted by cpowell on Thu, 2016-12-15 20:41 Section: Daily Dispatches8:40p Thursday, December 15, 2016
Dear Friend of GATA and Gold:
Ted Butler: The royal flush
Submitted by cpowell on Thu, 2016-12-15 13:33 Section: Daily Dispatches1:30p ET Thursday, December 15, 2016
Dear Friend of GATA and Gold:
Fleckenstein dismissed as 'nonsense' the silver rigging Deutsche Bank has just admitted
Submitted by cpowell on Thu, 2016-12-15 11:21 Section: Daily Dispatches11:24a ET Thursday, December 15, 2016
Dear Friend of GATA and Gold:
Thanks to GATA's friend D.W. for noting today that your secretary/treasurer should have read deeper into money manager Bill Fleckenstein's internet site when criticizing him last night for his obliviousness to market manipulation:
Cancellation of currency notes suppresses gold demand in rural India
Submitted by cpowell on Thu, 2016-12-15 10:59 Section: Daily DispatchesLife in the Time of Demonetisation: Rural Gold Hubs Silent
By Sutanuke Ghosel
The Times of India, Mumbai
Thursday, December 15, 2016
KOLKATA, India -- Jewellers and bullion dealers in India are refraining from buying gold despite the dip in price, thwarted by subdued demand in rural areas due to the demonetisation-induced cash crunch.
Cash ban gives a boost to India's government-run banks
Submitted by cpowell on Thu, 2016-12-15 10:49 Section: Daily DispatchesBy Nupur Acharya and Santanu Chakraborty
Bloomberg News
Wednesday, December 14, 2016
Shares of India's biggest state-run lenders are on a roll, thanks to a government ban on high-value notes that took almost four-fifths of the nation's currency out of circulation.
Bron Suchecki: Silver smoking gun to stop dishonest dealing
Submitted by cpowell on Thu, 2016-12-15 08:17 Section: Daily Dispatches8:16a ET Thursday, December 15, 2016
Dear Friend of GATA and Gold:
Fleckenstein is surprised by gold's price action but he shouldn't be
Submitted by cpowell on Wed, 2016-12-14 22:22 Section: Daily Dispatches10:35p ET Wednesday, December 14, 2016
Dear Friend of GATA and Gold:
Interviewed by King World News, money manager Bill Fleckenstein of Fleckenstein Capital acknowledges being confused by today's price action in gold and silver.
"As for the metals," Fleckenstein says, "I'm kind of surprised they were hit as hard as they were. ... I don't really see why gold should act so terribly."
Gold is half of Indians' physical assets, ahead of real estate, study finds
Submitted by cpowell on Wed, 2016-12-14 21:22 Section: Daily DispatchesIndians Still Fancy Gold, Study Says
By a Special Correspondent
The Hindu, Chennai, India
Wednesday, December 13, 2016
The total wealth held by individuals in India rose 8.5 percent to Rs.304 lakh crore in the financial year 2015-16 and is expected to further increase to Rs.558 lakh crore over the next five years, according to the India Wealth Report 2016 by Karvy Private Wealth.
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