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After 8 months India's government has paperized only 3 tonnes of gold
Submitted by cpowell on Thu, 2016-07-14 13:55 Section: Daily DispatchesGovernment Mobilizes 3.1 Tonnes of Gold under Monetization Scheme
By the Press Trust of India
via The Times of India, Mumbai
Thursday, July 14, 2016
NEW DELHI -- Government today said it has netted 3.1 tonnes of idle household and temple gold under the monetization scheme since its launch in November 2015.
John Hathaway: A momentous period for gold, weeks where decades happen
Submitted by cpowell on Thu, 2016-07-14 10:47 Section: Daily Dispatches10:40a ET Thursday, July 14, 2016
Dear Friend of GATA and Gold:
In his investor letter for the second quarter, Tocqueville Gold Fund manager John Hathaway writes: "We have entered a momentous period for gold: 'weeks where decades happen.'
Silver shares forecast explosion in metal's price, Embry tells KWN
Submitted by cpowell on Wed, 2016-07-13 16:04 Section: Daily Dispatches4p ET Wednesday, June 13, 2016
Dear Friend of GATA and Gold:
In an interview today with King World News, Sprott Asset Management's John Embry notes the recent "spectacular" performance of silver mining company stocks and suspects that this forecasts an explosion in the silver price, and possibly hyperinflation. An excerpt from the interview is posted at KWN here:
As central banks buy nearly everything, technical analysis is a fraud
Submitted by cpowell on Tue, 2016-07-12 13:10 Section: Daily Dispatches1:07p Tuesday, July 12, 2016
Dear Friend of GATA and Gold:
Zero Hedge today reports the latest findings by Citigroup market analyst Matt King, who has determined that stock markets keep going up because selling in emerging markets has been more than offset by "a surge in net global central bank asset purchases to their highest since 2013."
Gold miners expand hedge book by another 50 tonnes in first quarter
Submitted by cpowell on Tue, 2016-07-12 07:30 Section: Daily DispatchesBy Jan Harvey
Reuters
Monday, July 11, 2016
Gold miners expanded the global hedge book by another 50 tonnes in the first quarter after hedging on a net basis for a second straight year in 2015, an industry report showed on Monday.
Miners use hedging, usually by selling future production forward, to guarantee returns for their output.
Turk finds silver's strength remarkable and expects breakout
Submitted by cpowell on Mon, 2016-07-11 18:52 Section: Daily Dispatches6:55p ET Monday, July 11, 2016
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tells King World News today that the recent strength in the silver price is remarkable, that the metal is among the most undervalued of assets, and that he expects it to break out upward soon. Turk's interview is excerpted at KWN here:
Ronan Manly: ETF workings hint at Bank of England's price management
Submitted by cpowell on Mon, 2016-07-11 07:59 Section: Daily Dispatches7:58a ET Monday, July 11, 2016
Dear Friend of GATA and Gold:
When government debt is worthless, gold and silver are supreme, von Greyerz says
Submitted by cpowell on Sun, 2016-07-10 19:36 Section: Daily Dispatches7:30p ET Sunday, July 10, 2016
Dear Friend of GATA and Gold:
GATA Chairman Murphy discusses metals' astounding upward reversal Friday
Submitted by cpowell on Sat, 2016-07-09 21:58 Section: Daily Dispatches9:57p ET Saturday, July 9, 2016
Dear Friend of GATA and Gold:
In an interview with GoldSeek Radio's Chris Waltzek, GATA Chairman Bill Murphy discusses the astounding upward reversal of gold and silver Friday following the usual smashdown upon release of the U.S jobs report. The interview is nine minutes long and begin at the 35:05 mark at GoldSeek Radio here:
China resumes monthly gold buying to diversify reserves
Submitted by cpowell on Thu, 2016-07-07 21:14 Section: Daily DispatchesFrom Bloomberg News
Thursday, July 7, 2016
China, the world's biggest producer and consumer of gold, added about 500,000 ounces to central bank reserves in June, restarting monthly purchases to diversify holdings after taking a breather in May.
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