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Daily Dispatches
The big scandal isn't government's market rigging but news media's ignoring it
Submitted by cpowell on Wed, 2016-11-09 13:25 Section: Daily Dispatches1:29p ET Wednesday, November 9, 2016
Dear Friend of GATA and Gold:
As Donald Trump's election as president of the United States became apparent last night, Dow futures collapsed as much as 800 points and gold rose more than $50. But by this afternoon the Dow was up about 1 percent and gold had fallen back to a gain of barely a dollar.
What calmed things down so much?
Canadian mint employee guilty of smuggling $138,000 of gold in rectum
Submitted by cpowell on Wed, 2016-11-09 12:32 Section: Daily DispatchesFrom the Canadian Broadcasting Co., Toronto
Wednesday, November 9, 2016
OTTAWA, Ontario, Canada -- A former Royal Canadian Mint employee has been found guilty of smuggling more than $100,000 worth of gold from the building on Sussex Drive -- apparently in his rectum, an Ottawa judge ruled this morning.
What will Trump's election mean for the monetary metals?
Submitted by cpowell on Wed, 2016-11-09 03:03 Section: Daily Dispatches3a ET Wednesday, November 9, 2016
Dear Friend of GATA and Gold:
Indian currency revocation seen pushing many into gold
Submitted by cpowell on Tue, 2016-11-08 16:17 Section: Daily DispatchesFrom the Press Trust of India
via The Times of India, Mumbai
Tuesday, November 8, 2016
NEW DELHI -- The jewellery industry today welcomed the government's decision to ban old 500- and 1,000-rupee notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes.
Turk and Embry interviewed by King World News
Submitted by cpowell on Tue, 2016-11-08 12:05 Section: Daily Dispatches12:08p ET Tuesday, November 8, 2016
Dear Friend of GATA and Gold:
King World News today interviews GoldMoney founder James Turk, who disputes the U.S. stock market's predictive power for the presidential election --
http://kingworldnews.com/as-the-world-awaits-the-u-s-election-outcome-bu...
Lovers and central banks walk away from gold's scorching rally
Submitted by cpowell on Tue, 2016-11-08 09:46 Section: Daily DispatchesBy Eddie Van Der Walt
Bloomberg News
Tuesday, November 8, 2016
Soaring gold prices have pushed out some of the biggest buyers.
Jewelry demand plunged 21 percent in the third quarter, taking the year-to-date total to the lowest level since 2009, according to a report from the World Gold Council. Central banks bought almost half as much gold as a year earlier.
Islamic finance nears final standard for gold-based products
Submitted by cpowell on Tue, 2016-11-08 00:17 Section: Daily DispatchesBy Bernardo Vizcaino
Reuters
Tuesday, November 8, 2017
Islamic scholars are finalizing work on a sharia standard for gold-based products set to become effective before the end of the year and possibly help kick-start a new wave of product development in Islamic finance.
Hugo Salinas Price: A reversal in the trend of international reserves
Submitted by cpowell on Mon, 2016-11-07 19:52 Section: Daily Dispatches7:53p ET Monday, November 7, 2016
Dear Friend of GATA and Gold:
Chinese investors are in love with U.S. dollar debt
Submitted by cpowell on Mon, 2016-11-07 08:00 Section: Daily DispatchesFrom Bloomberg News
Sunday, November 6, 2016
Terence Cheng, a fixed-income fund manager based in Hong Kong, has never gotten so many Chinese client inquiries for overseas dollar bonds. Their questions sent over WeChat, the popular Chinese instant-messaging service, even interrupted his beach vacation in Thailand.
Physical gold market keeps fighting the paper market, John Ing tells KWN
Submitted by cpowell on Sun, 2016-11-06 21:24 Section: Daily Dispatches9:26p ET Sunday, November 6, 2016
Dear Friend of GATA and Gold:
Interviewed by King World News, Canadian fund manager John Ing says occasionally "paper gold" swamps the physical gold market "but amazingly the physical gold market seems to keep edging up and helping the longer-term upward trend of the gold price." Ing's comments are excerpted at KWN here:
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