You are here
Daily Dispatches
U.S. watchdog to probe Fed's lax oversight of Wall Street
Submitted by cpowell on Sat, 2016-03-05 20:11 Section: Daily DispatchesJonathan Spicer
Reuters
Saturday, March 5, 2016
NEW YORK -- A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress and the central bank.
Canadian Press finds ignoramuses to provide cover for gold dishoarding
Submitted by cpowell on Sat, 2016-03-05 15:47 Section: Daily DispatchesGood grief! At the Sprott School of Business no less. Eric deserves a refund.
* * *
Canada's Gold Reserve Selloff Makes Sense, Experts Say
By Ian Bickis
The Canadian Press
via CTV, Toronto
http://www.ctvnews.ca/business/canada-s-gold-reserve-sell-off-makes-sens...
Canada may be a global outlier when it comes to its selloff of gold.
South African gold miners awarded $32.5 million in compensation
Submitted by cpowell on Sat, 2016-03-05 15:22 Section: Daily DispatchesBy the Associated Press
via The Guardian, London
Saturday, March 5, 2016
South African gold miners infected with lung diseases brought on by repeated exposure to dust have won a multimillion-dollar out-of-court settlement, their lawyers have said.
BlackRock gold fund expects to resume issuing shares by Wednesday
Submitted by cpowell on Sat, 2016-03-05 09:57 Section: Daily DispatchesBlackRock Stops Issuing Shares in Physical Gold Trust, Citing Demand
From Reuters
Friday, March 4, 2016
NEW YORK -- BlackRock Inc. said Friday it had suspended the issuing of shares in its physically backed gold exchange traded product due to a historic surge in buying as global economic uncertainty rekindled bullion's safe-haven appeal among investors.
Rob McEwen calls Bank of Canada 'idiots' for selling gold at market bottom
Submitted by cpowell on Fri, 2016-03-04 21:11 Section: Daily Dispatches9:09p ET Friday, March 4, 2016
Dear Friend of GATA and Gold:
Gold derivative markets are being overwhelmed, Maguire tells KWN
Submitted by cpowell on Fri, 2016-03-04 15:25 Section: Daily Dispatches3:24p ET Friday, March 4, 2016
Dear Friend of GATA and Gold:
Turk explains why he thinks governments are losing control of the markets
Submitted by cpowell on Fri, 2016-03-04 15:09 Section: Daily Dispatches3:08p ET Friday, March 4, 2016
Dear Friend of GATA and Gold:
TF Metals Report: Massive inflows into GLD -- really?
Submitted by cpowell on Fri, 2016-03-04 13:09 Section: Daily Dispatches1:07p ET Friday, March 4, 2016
Dear Friend of GATA and Gold:
The T.F. Metal Report's Turd Ferguson today expresses skepticism that, while BlackRock's gold exchange-traded fund is having trouble locating metal, the exchange-traded fund GLD really has obtained all the gold it claims to have obtained lately. His commentary is headlined "Massive Inflows Into GLD" and it's posted here:
Gold demand trips up BlackRock as ETF suspends share creation
Submitted by cpowell on Fri, 2016-03-04 13:03 Section: Daily DispatchesBy Sabrina Willmer
Bloomberg News
Friday, March 4, 2016
BlackRock Inc. today temporarily stopped issuing new shares in its $7.7 billion iShares Gold Trust, as surging interest in the precious metal caught the world's largest money manager off guard.
BlackRock stops issuing shares in gold ETF as demand explodes
Submitted by cpowell on Fri, 2016-03-04 10:57 Section: Daily Dispatches10:54a ET Friday, March 4, 2016
Dear Friend of GATA and Gold:
Zero Hedge reports that BlackRock has suspended issuing shares in its gold exchange-traded fund because demand for real metal is outstripping supply:
http://www.zerohedge.com/news/2016-03-04/blackrock-suspends-gold-etf-iss...
BlackRock's own statement is posted at Business Wire here:
Pages
