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Daily Dispatches
Greece needs its gold to back a new currency, Commerzbank says
Submitted by cpowell on Fri, 2015-06-19 10:52 Section: Daily DispatchesGreek Gold Sales to Raise Funds Seen Unlikely by Commerzbank
By Eddie van der Walt
Bloomberg News
Friday, June 19, 2015
Greece is unlikely to resort to selling gold because disposing of the hoard valued at about $4.3 billion would only postpone a default, Commerzbank AG said.
Bloomberg News confirms Texas' gold isn't at NY Fed
Submitted by cpowell on Fri, 2015-06-19 10:48 Section: Daily DispatchesThere's a Pile of Gold in Manhattan, and Texas Wants It Back
By Lauren Etter
Bloomberg News
Friday, June 19, 2015
Texas wants its gold back from the Yankees, wherever they're keeping it.
Indian bond proposal aims to paperize gold
Submitted by cpowell on Fri, 2015-06-19 10:44 Section: Daily DispatchesIndia Proposes Gold-Linked Bonds to Lower Bullion Imports
By Rajendra Jadhav and A. Ananthalakshmi
Bloomberg News
Friday, June 19, 2015
India is planning to issue sovereign bonds linked to the bullion price in an effort to divert some of the estimated 300 tonnes of annual demand for gold bars and coins, and reduce bullion imports that can push up the trade deficit.
IMF official foresees central banks buying everything in next market crash
Submitted by cpowell on Thu, 2015-06-18 23:33 Section: Daily DispatchesDon't look now, Jose, but central banks are ALREADY trading everything, to keep gold and commodities down and equities and bonds up:
http://www.gata.org/node/14385
http://www.gata.org/node/14411
http://www.gata.org/node/14818
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IMF's Vinals Says Central Banks May Have to Be 'Market Makers'
By Huw Jones
Reuters
Thursday, June 18, 2015
Kosares -- Fed's influence failing; Macleod -- markets will beat central banks
Submitted by cpowell on Thu, 2015-06-18 15:17 Section: Daily Dispatches3:16p ET Thursday, June 18, 2015
Dear Friend of GATA and Gold:
TF Metals Report: More oddities in the Comex vaults
Submitted by cpowell on Thu, 2015-06-18 10:16 Section: Daily Dispatches10:15a ET Thursday, June 18, 2015
Dear Friend of GATA and Gold:
Koos Jansen: Bank of England custodial gold drops 351 tonnes
Submitted by cpowell on Thu, 2015-06-18 08:08 Section: Daily Dispatches8:08a ET Thursday, June 18, 2015
Dear Friend of GATA and Gold:
Deutsche Bank FX trader admits manipulation of markets by central banks
Submitted by cpowell on Wed, 2015-06-17 21:36 Section: Daily DispatchesAnd at Deutsche Bank they should know all about market rigging. Unfortunately the Bloomberg reporter lacked the sense or nerve to ask the guy to specify the markets most under manipulation.
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You've Been Warned: Central Bankers Turning Less Market-Friendly
By Simon Kennedy
Bloomberg News
Wednesday, June 17, 2015
Hugo Salinas Price: The coming liquidation
Submitted by cpowell on Wed, 2015-06-17 20:07 Section: Daily Dispatches8p ET Wednesday, June 17, 2015
Dear Friend of GATA and Gold:
If interest rates continue rising, banks and other bond investors stand to lose everything they made as rates were being pushed down by central banks, Hugo Salinas Price of the Mexican Civic Association for Silver writes today, adding that rising interest rates may explode all sorts of derivative instruments.
Sprott's Embry on Greek futility, overvalued stocks, undervalued monetary metals
Submitted by cpowell on Wed, 2015-06-17 15:59 Section: Daily Dispatches3:58p ET Wednesday June 17, 2015
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry was interviewed today by USAWatchdog's Greg Hunter, discussing the lack of tolerable solutions for Greece, the overvaluation of stocks and real estate, and the undervaluation of the monetary metals. Embry's interview is 25 minutes long and is posted at USA Watchdog here:
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