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Daily Dispatches
Former Yellen adviser proposes sweeping reform of Fed system
Submitted by cpowell on Tue, 2016-04-12 05:13 Section: Daily DispatchesBy Craig Torres
Bloomberg News
Monday, April 11, 2016
A former aide to Federal Reserve Chair Janet Yellen has broken ranks with his former employer and issued a blueprint for a sweeping reform of the U.S. central bank, including regular government audits and shorter term limits for policy makers.
Strength of HUI gold share index impresses Embry
Submitted by cpowell on Tue, 2016-04-12 04:58 Section: Daily Dispatches4:55p SGT Tuesday, April 12, 2016
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry, interviewed by King World News, says gold price suppression is showing strains, the strength of the gold mining index HUI is impressive, and the Sprott silver fund is about to take a huge chunk of metal off the market. An excerpt from the interview is posted at KWN here:
Bloomberg TV and Times of India TV interview GATA secretary about gold market rigging
Submitted by cpowell on Tue, 2016-04-12 03:57 Section: Daily Dispatches3:55p SGT Tuesday, April 12, 2016
Dear Friend of GATA and Gold:
Miners union accepts Sibanye Gold's wage offer, cancels strike
Submitted by cpowell on Mon, 2016-04-11 06:39 Section: Daily DispatchesBy Stella Mapenzauswa and Zandi Shabalala
Reuters
Sunday, April 10, 2016
JOHANNESBURG, South Africa -- South Africa's Association of Mineworkers and Construction Union (AMCU) said on Sunday it had agreed to take a new wage offer from Sibanye Gold and had called off a strike.
Comex gold contracts likely no good for Islamic finance plan
Submitted by cpowell on Sun, 2016-04-10 22:25 Section: Daily DispatchesGold Standard in Islamic Finance 'Almost There' for Submission
By Claudia Carpenter
Bloomberg News
Monday, April 10, 2016
Gold products used in Islamic finance would need to be physically-backed and allocated to the underlying asset, according to a draft of a standard for Shariah gold being developed.
India subverted customs reporting rules to facilitate gold leasing in 1991
Submitted by cpowell on Sun, 2016-04-10 10:38 Section: Daily Dispatches1991's Golden Transaction
By C. Rangarajan
The Indian Express, Mumbai
Monday, March 28, 2016
Now India's very own gold coins
Submitted by cpowell on Sun, 2016-04-10 10:24 Section: Daily DispatchesBy Rajalakshmi Nirmal
The Hindu, Chennai, India
Sunday, April 10, 2016
Indian Overseas Bank kicked off sale of Indian gold coins on Friday at its branches in Mumbai on the occasion of Gudi Padwa. The Reserve Bank of India had given the nod to banks in January to sell these coins.
China goes prospecting for world's gold mines
Submitted by cpowell on Sun, 2016-04-10 09:51 Section: Daily DispatchesBy Biman Mukerji
The Wall Street Journal
Sunday, April 10, 2016
Chinese gold miners are aggressively scouting for overseas acquisitions, encouraged by historically low gold prices that could help them scoop up assets cheaply.
Jeff Clark: Here's why you should stay away from gold ETFs
Submitted by cpowell on Sun, 2016-04-10 01:03 Section: Daily Dispatches1p HKT Sunday, April 10, 2016
Dear Friend of GATA and Gold:
Jeff Clark, senior metals analyst for Hard Assets Alliance, explained this week why gold exchange-traded funds are not really gold at all for the ordinary investor but rather mere claims on an asset that may not be accessible when an investor really wants it.
In Cambodia, the ghosts prefer dollars
Submitted by cpowell on Sat, 2016-04-09 05:40 Section: Daily DispatchesBy Julia Wallace
The New York Times
Friday, April 8, 2016
PHNOM PENH, Cambodia -- One recent morning Suon Sokhum, a colonel in the Cambodian Army, was shopping for gifts for his ancestors.
Qingming, the annual festival to honor the dead, was coming up, and throughout the Chinese diaspora in Southeast Asia, people burn offerings to provide for their ancestors in the spirit world.
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