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Daily Dispatches
Brazil's antitrust agency investigates banks for interest rate manipulation
Submitted by cpowell on Thu, 2015-07-02 12:35 Section: Daily DispatchesBy Jeffrey T. Lewis and Rogerio Jelmayer
The Wall Street Journal
Thursday, July 2, 2015
SAO PAULO, Brazil -- Brazil's antitrust agency is investigating banking giants HSBC Holdings PLC, Citigroup Inc., Deutsche Bank AG, and a long list of their peers on suspicion of forming a cartel to manipulate the exchange rate of the Brazilian currency, the real.
Bron Suchecki: OCC gold derivatives chart wasn't wrong, just confusing
Submitted by cpowell on Thu, 2015-07-02 08:30 Section: Daily Dispatches8:25a ET Thursday, July 2, 2015
Dear Friend of GATA and Gold:
Perth Mint gold researcher Bron Suchecki writes today that he was mistaken this week --
Mike Kosares: Gold ownership as a lifestyle decision
Submitted by cpowell on Wed, 2015-07-01 21:44 Section: Daily Dispatches9:46p ET Wednesday, July 1, 2015
Dear Friend of GATA and Gold:
Is gold 'shrugging off Armageddon' or just being shrugged off?
Submitted by cpowell on Wed, 2015-07-01 17:32 Section: Daily Dispatches5:33p ET Wednesday, July 1, 2015
Dear Friend of GATA and Gold:
Your secretary/treasurer today sent the e-mail below to Bloomberg View columnist Barry Ritholtz in response to his commentary posted today, "Gold Shrugs Off Armageddon," which can be found here:
http://www.bloombergview.com/articles/2015-07-01/gold-shrugs-off-armageddon
CHRIS POWELL, Secretary/Treasurer
Koos Jansen: Former U.S. Mint director clueless on gold in Fort Knox
Submitted by cpowell on Wed, 2015-07-01 13:17 Section: Daily Dispatches1:17p ET Wednesday, July 1, 2015
Dear Friend of GATA and Gold:
China targets counterweight in gold trade with yuan fix
Submitted by cpowell on Wed, 2015-07-01 13:03 Section: Daily DispatchesBy A. Ananthalakshmi and Jan Harvey
Reuters
Wednesday, July 1, 2015
A decade after China kicked off a series of gold market reforms, plans to establish a yuan price fix mark one of Beijing's biggest step so far to capitalise on the country's position as the world's top producer and a leading consumer.
How do you change a currency fast?
Submitted by cpowell on Tue, 2015-06-30 20:33 Section: Daily DispatchesBy Isabelle Fraser
The Telegraph, London
Tuesday, June 30, 2015
The drachma was the world's oldest existing currency before it was replaced by the euro on January 1, 2001. And it may be about to make a comeback. This Sunday's referendum is described by European leaders as a vote for or against the euro. If Greece votes "oxi," the country may soon be looking for a new currency.
ECB poised to raise heat on Greece's beleaguered banks
Submitted by cpowell on Tue, 2015-06-30 20:21 Section: Daily DispatchesClaire Jones and Alex Barker
Financial Times, London
Tuesday, June 30, 2015
When the eurozone's central bankers meet in Frankfurt on Wednesday, they could make a decision that some officials fear could push one or more of Greece's largest banks over the edge.
Bron Suchecki: OCC's gold derivatives chart is wrong, and derivatives went down
Submitted by cpowell on Tue, 2015-06-30 13:07 Section: Daily Dispatches1p ET Tuesday, June 30, 2015
Dear Friend of GATA and Gold:
Perth Mint market researcher Bron Suchecki writes today that Zero Hedge was wrong in asserting last night that the new quarterly report from the U.S. Office of the Comptroller of the Currency shows a huge increase in issuance of gold derivatives, because, Suchecki maintains, a chart in the OCC report is erroneous.
OCC derivatives report suggests U.S. govt. has seized all commodity markets
Submitted by cpowell on Mon, 2015-06-29 23:13 Section: Daily Dispatches10:56p ET Monday, June 25, 2015
Dear Friend of GATA and Gold:
Citing the latest quarterly report of the U.S. Office of the Comptroller of the Currency, Zero Hedge concludes tonight that JPMorganChase has "cornered the commodity derivative market," the notional value of the investment bank's commodity derivative position having just exploded from around $200 billion to nearly $4 trillion.
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