Daily Dispatches

No one can be sure that Fed doesn't meddle with futures or ETFs

Submitted by cpowell on Wed, 2016-08-03 19:52 Section: Daily Dispatches

8:03p ET Wednesday, August 3, 2016

Dear Friend of GATA and Gold:

Financial letter writer and technical analyst Steve Saville contends today that the Federal Reserve couldn't possibly be intervening directly in the stock market by purchasing stock index futures or exchange-traded funds because evidence of such transactions would show up on the Fed's public books:

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Bond king Gross favors gold and real estate now

Submitted by cpowell on Wed, 2016-08-03 12:53 Section: Daily Dispatches

Gross Says 'I Don't Like Bonds, Most Stocks,' Favors Real Assets

By John Gittelsohn
Bloomberg News
Wednesday, August 3, 2016

Money manager Bill Gross says investors should favor gold and real estate while avoiding most stocks and bonds trading at inflated prices.

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'Real Money Show' interviews GATA secretary on gold market rigging

Submitted by cpowell on Wed, 2016-08-03 08:18 Section: Daily Dispatches

8:19a ET Wednesday, August 3, 2016

Dear Friend of GATA and Gold:

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Bitcoin worth $72 million stolen from Bitfinex exchange in Hong Kong

Submitted by cpowell on Wed, 2016-08-03 08:12 Section: Daily Dispatches

By Clare Baldwin
Reuters
Wednesday, August 3, 2016

HONG KONG -- Nearly 120,000 units of digital currency bitcoin worth about $72 million were stolen from the exchange platform Bitfinex in Hong Kong, rattling the global bitcoin community in the second-biggest security breach ever of such an exchange.

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Ronan Manly: GLD evades SEC request for subcustodian details

Submitted by cpowell on Wed, 2016-08-03 08:00 Section: Daily Dispatches

8a ET Wednesday, August 3, 2016

Dear Friend of GATA and Gold:

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JPM analyst says central banks rigged markets after Brexit

Submitted by cpowell on Tue, 2016-08-02 23:29 Section: Daily Dispatches

11:35p ET Tuesday, August 2, 2016

Dear Friend of GATA and Gold:

The financial news Internet site Value Walk reported today that JPMorganChase's quantitative and derivatives strategy chief, Marko Kolanovic, this week issued a report asserting that the rise in stock markets after the United Kingdom's vote to withdraw from the European Union was caused by central bank intervention:

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U.S. wins latest court ruling on ownership of rare gold coins

Submitted by cpowell on Tue, 2016-08-02 14:53 Section: Daily Dispatches

By Jonathan Stempel
Reuters
Monday, August 1, 2016

A federal appeals court on Monday said a cache of exceptionally rare gold coins stolen from the U.S. Mint in the 1930s belongs to the U.S. government, not the Pennsylvania family that possessed it for decades.