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Daily Dispatches
Federal court upholds gold clause for determining commercial building's rent
Submitted by cpowell on Sat, 2016-04-23 16:59 Section: Daily DispatchesJudge: Building Owner Can Charge Rent Based on Gold Prices
By Andrew Welsh-Huggins
Associated Press
via Washington Post
Saturday, April 23, 2016
COLUMBUS, Ohio -- A downtown office building is worth its weight in gold, according to a federal judge who upheld a nearly century-old lease that tied rent to the current price of the metal.
CFTC didn't know of Deutsche's market-rigging settlement until asked by GATA
Submitted by cpowell on Sat, 2016-04-23 12:14 Section: Daily Dispatches12:23p ET Saturday, April 23, 2016
Dear Friend of GATA and Gold:
While it may be hard to believe, it seems that the U.S. Commodity Futures Trading Commission was unaware of Deutsche Bank's agreement to settle a class-action lawsuit accusing it of manipulating the gold and silver markets until GATA repeatedly sought to bring the matter to the commission's attention over the last week.
'Massive' pressure for gold price reset, Maguire tells KWN
Submitted by cpowell on Fri, 2016-04-22 13:57 Section: Daily Dispatches1:56p ET Friday, April 22, 2016
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire says the physical gold market, spurred by China, is steadily taking control of the market from the Western derivatives mongers and "the pressures for a price reset are massive." An excerpt from the interview is posted at KWN here:
Russian government news agency mocks West's gold market rigging
Submitted by cpowell on Fri, 2016-04-22 13:00 Section: Daily Dispatches1p ET Friday, April 22, 2016
Dear Friend of GATA and Gold:
Ronan Manly: Gold vault profiles
Submitted by cpowell on Fri, 2016-04-22 12:14 Section: Daily Dispatches12:15p ET Friday, April 22, 2016
Dear Friend of GATA and Gold:
Gold researcher Ronan Manly today offers a summary of his research on major gold vaults around the world, vaults believed to hold about half the official gold reserves of governments. His commentary is headlined "Gold Vault Profiles" and it's posted at Bullion Star here:
Are stars aligned for gold revaluation -- and is GATA finished?
Submitted by cpowell on Thu, 2016-04-21 17:54 Section: Daily Dispatches6p ET Thursday, April 21, 2016
Dear Friend of GATA and Gold:
Today Zero Hedge posts a couple of items suggesting that central banks are intervening surreptitiously in the markets even more lately to avert deflation or that they should intervene more -- items suggesting an end to gold price and commodity price suppression as central bank policy.
TF Metals Report: Fun with Comex open interest
Submitted by cpowell on Wed, 2016-04-20 19:59 Section: Daily Dispatches8p Wednesday, April 20, 2016
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson warns again today that open interest in Comex gold futures is again at the point that usually precedes a price smash by the big investment banks. His commentary is headlined "Fun with Comex Open Interest" and it's posted at the TF Metals Report here:
Eric Hunsader to Chris Martenson: Market rigging is getting worse
Submitted by cpowell on Tue, 2016-04-19 17:57 Section: Daily Dispatches5:58p ET Tuesday, April 19, 2016
Dear Friend of GATA and Gold:
China's gold fix is a step toward taking over the market, boosting price, Leeb says
Submitted by cpowell on Tue, 2016-04-19 13:54 Section: Daily Dispatches1:55p ET Tuesday, April 19, 2016
Dear Friend of GATA and Gold:
Fund manager Stephen Leeb tells King World News today that China's new daily gold price fixing in yuan is a step toward that nation's taking over the gold market and driving the price up to maximize the value of all the metal that country has acquired surreptitiously. An excerpt from Leeb's interview is posted at KWN here:
Russia and China plan platform to unite their gold trading
Submitted by cpowell on Tue, 2016-04-19 11:34 Section: Daily DispatchesRussia and China Seeking to Dominate Gold Trade
From Russia Today, Moscow
Tuesday, April 19, 2016
The Bank of Russia and the People's Bank of China want to create a joint platform that would unite gold trading by the world's two biggest gold buying countries.