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Daily Dispatches
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:
Alasdair Macleod: Brexit and a Hanseatic League
Submitted by cpowell on Thu, 2016-03-03 20:35 Section: Daily Dispatches8:35p ET Thursday, March 3, 2016
Dear Friend of GATA and Gold:
Hong Kong exchange will launch a gold futures contract that's actually gold
Submitted by cpowell on Thu, 2016-03-03 08:30 Section: Daily DispatchesHong Kong Bourse Revamps Gold Futures Targeting China's Wealth
By Eduard Gismatullin
Bloomberg News
Thursday, March 3, 2016
Hong Kong Exchanges and Clearing Ltd. plans to revamp its gold futures, targeting Chinese investors after ending the previous contract a year ago.
India's love affair with gold tested as tax fight spurs jeweler shutdown
Submitted by cpowell on Thu, 2016-03-03 08:26 Section: Daily DispatchesBy Swansy Afonso
Bloomberg News
Wednesday, March 2, 2016
India's thriving gold markets have gone strangely quiet. Shops are shuttered across the world's largest consumer after China and would-be customers are getting frustrated in a country that adores bullion.
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