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Daily Dispatches
South African gold on the brink with half of mines losing money
Submitted by cpowell on Wed, 2015-09-09 08:10 Section: Daily DispatchesBut not a peep from them about gold price suppression.
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By Kevin Crowley
Bloomberg News
Tuesday, September 8, 2015
South Africa's gold mines, the deepest and among the oldest in the world, are in big trouble.
Intensifying suppression of monetary metals hints at racket's end, Embry says
Submitted by cpowell on Tue, 2015-09-08 13:55 Section: Daily Dispatches1:55p ET Tuesday, September 8, 2015
Dear Friend of GATA and Gold:
Central bank intervention against the monetary metals is now so intense as to lead Sprott Asset Management's John Embry to think that the racket is almost finished. Embry's comments come in an interview with King World News that is excerpted here:
Putin aide's advice: Default on foreign debt, put reserves into gold and BRICs bonds
Submitted by cpowell on Tue, 2015-09-08 08:37 Section: Daily Dispatches8:35a ET Tuesday, September 8, 2015
Dear Friend of GATA and Gold:
Greetings from Bitcoin Island
Submitted by cpowell on Mon, 2015-09-07 20:56 Section: Daily DispatchesBy Jeremy Kahn
Bloomberg News
Monday, September 7, 2015
The Isle of Man is a strange place. Home to four-horned sheep, cats without tails, and perfectly preserved Victorian-era steam locomotives, this rock in the middle of the Irish Sea is perhaps best known for hosting the world's most dangerous motorcycle race, the Manx TT.
Ronan Manly: Huge decline in London-vaulted gold, little left for unallocated accounts
Submitted by cpowell on Mon, 2015-09-07 20:35 Section: Daily Dispatches8:25p ET Monday, September 7, 2015
Dear Friend of GATA and Gold:
TF Metals Report: People's Bank of China adds 16 tonnes of gold in August
Submitted by cpowell on Mon, 2015-09-07 15:33 Section: Daily Dispatches3:30p ET Monday, September 7, 2015
Dear Friend of GATA and Gold:
China's foreign exchange war chest drained as growth fears intensify
Submitted by cpowell on Mon, 2015-09-07 10:31 Section: Daily DispatchesBy Szu Ping Chan
The Telegraph, London
Monday, September 7, 2015
China's war chest of foreign exchange reserves fell by the largest amount on record in August, as official data revealed the cost of efforts to defend the renminbi.
Reserves fell by $93.9 billion to $3.56 trillion (L2.33 trillion) last month, according to the People's Bank of China (PBoC).
Ronan Manly: LBMA's shifting stance on gold refinery production statistics
Submitted by cpowell on Mon, 2015-09-07 10:19 Section: Daily Dispatches10:17a ET Monday, September 7, 2015
Dear Friend of GATA and Gold:
China's new oil contract signals shift from Brent and U.S. dollar
Submitted by cpowell on Mon, 2015-09-07 09:56 Section: Daily DispatchesBy Andrew Critchlow
The Telegraph, London
Monday, September 7, 2015
Brent crude has been the global benchmark against which most oil is measured ever since the field from which it draws its name was discovered in the 1970s. ...
Lawrie Williams: Shanghai gold deliveries for August were phenomenal
Submitted by cpowell on Sun, 2015-09-06 14:42 Section: Daily DispatchesBy Lawrie Williams
SharpsPixley.com, London
Sunday, September 6, 2015
August is always a weak month for physical gold moving through China's Shanghai Gold Exchange -- or rather it has been up until now. The big months for SGE withdrawals are normally at the beginning and the end of the year ahead of the Chinese New Year holidays, while trading in the summer months is usually thin.
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