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Daily Dispatches
Gold is suppressed and likely will correct overnight, BMG's Barisheff tells USA Watchdog
Submitted by cpowell on Wed, 2016-06-22 19:48 Section: Daily Dispatches7:45p ET Wednesday, June 22, 2106
Dear Friend of GATA and Gold:
TF Metals Report: Gold cartel will face trouble no matter how Britain votes
Submitted by cpowell on Wed, 2016-06-22 17:25 Section: Daily Dispatches5:25p ET Wednesday, June 22, 2016
Dear Friend of GATA and Gold:
GoldCore's O'Byrne: Bullion banks panicking amid shortage of metal
Submitted by cpowell on Wed, 2016-06-22 10:06 Section: Daily Dispatches10:04a ET Wednesday, June 22, 2016
Dear Friend of GATA and Gold:
GoldCore's Mark O'Byrne, citing confidential "senior sources at the highest level of the gold bullion industry," writes today that "illiquidity" and "supply issues" have caused "panic" in the institutional gold market, with some bullion banks cautioning that they may have to suspend trading of physical gold.
Euroclear looks to apply blockchain to gold market
Submitted by cpowell on Tue, 2016-06-21 20:10 Section: Daily DispatchesBy Philip Stafford
Financial Times, London
Tuesday, June 21, 2016
Euroclear, one of the world's largest settlement houses, is to make its first foray into emerging blockchain technology by exploring creating a new settlement system for the London gold market.
Brexit fears prompting savers to stuff gold bars in safes at home
Submitted by cpowell on Tue, 2016-06-21 20:04 Section: Daily DispatchesBy Kate Morley and Richard Dyson
The Telegraph, London
Tuesday, June 21, 2016
Worried savers are buying gold bars and stuffing them in safes at home, data suggests, as fears mount that a Brexit-induced financial meltdown could be just around the corner.
Fed's Powell warns that dollar-based Libor could disappear
Submitted by cpowell on Tue, 2016-06-21 19:55 Section: Daily DispatchesBy Jason Lange and Jonathan Spicer
Financial Times, London
Tuesday, June 21, 2016
Robert Appel: Gold price suppression is government policy
Submitted by cpowell on Tue, 2016-06-21 18:05 Section: Daily Dispatches6:04p ET Tuesday, June 21, 2016
Dear Friend of GATA and Gold:
Switzerland gold exports jump 20% in May, highest this year
Submitted by cpowell on Tue, 2016-06-21 17:44 Section: Daily DispatchesFrom Platts, London
Tuesday, June 21, 2016
LONDON -- Gold exports from Switzerland totaled 177.3 metric tonnes in May, up 20 percebt from 147.8 metric tonnes reported in April, and the highest level since December, Swiss federal customs data showed Tuesday.
The figure is 69 percent higher than 105.1 metric tonnes reported a year earlier.
Gold price suppression gets more desperate, Embry tells KWN
Submitted by cpowell on Mon, 2016-06-20 20:03 Section: Daily Dispatches8p ET Monday, June 20, 2016
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry, interviewed by King World News, remarks that gold price suppression is getting ever more desperate, as by doubling margin requires for gold futures contract trading. An excerpt from the interview is posted at KWN here:
Banks weakening throughout Europe and even in U.S., Turk tells KWN
Submitted by cpowell on Mon, 2016-06-20 13:39 Section: Daily Dispatches1:38p ET Monday, June 20, 2016
Dear Friend of GATA and Gold: