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For the moment, China wants gold held down as much as Western central banks do
Submitted by cpowell on Wed, 2015-06-17 11:21 Section: Daily Dispatches11:26a ET Wednesday, June 17, 2015
Dear Friend of GATA and Gold:
A friend asks what is meant by the Bank of China's joining the London gold price-fixing process --
http://www.gata.org/node/15455
-- and whether it will tend to support the gold price, since China seems to be accumulating so much metal.
GATA's Ed Steer interviewed at Canadian Investor Conference
Submitted by cpowell on Wed, 2015-06-17 10:36 Section: Daily Dispatches10:34a ET Wednesday, June 17, 2015
Dear Friend of GATA and Gold:
GATA board member Ed Steer, editor of the daily Ed Steer's Gold and Silver Digest letter --
Australian researchers producing cyanide-free gold with Barrick in Nevada
Submitted by cpowell on Tue, 2015-06-16 13:15 Section: Daily DispatchesEureka! A Solid-Gold Solution to Make Archimedes Proud
By Roger Nicoll
Commonwealth Scientific and Industrial Research Organization
Canberra, Australia
Tuesday, June 16, 2015
Bank of China joins auction setting gold prices in London
Submitted by cpowell on Tue, 2015-06-16 08:24 Section: Daily DispatchesBy Eddie van der Walt
Bloomberg News
Tuesday, June 16, 2015
Bank of China Ltd. will become the first Chinese bank to join the auction process that sets gold prices in the London market.
Greece has stronger position than its creditors, Turk tells KWN
Submitted by cpowell on Mon, 2015-06-15 20:13 Section: Daily Dispatches8:13p ET Monday, June 15, 2015
Dear Friend of GATA and Gold:
Greece has the stronger position in its confrontation with the European Union, the European Central Bank, and the International Monetary Fund over its unpayable debt, GoldMoney founder and GATA consultant James Turk tells King World News today.
Koos Jansen: Rectification of Chinese gold trade rules
Submitted by cpowell on Mon, 2015-06-15 13:09 Section: Daily Dispatches1:09p ET Monday, June 15, 2015
Dear Friend of GATA and Gold:
Bond traders want prices concealed to sustain liquidity
Submitted by cpowell on Sun, 2015-06-14 18:16 Section: Daily DispatchesFINRA Summons Banks and Asset Managers over Market Fears
Robin Wigglesworth and Joe Rennison
Financial Times, London
Sunday, June 14, 2015
NEW YORK -- A US financial regulator has summoned a clutch of senior executives from banks and asset managers for two meetings to explore potential solutions to a liquidity crunch confronting bond markets.
Gold smuggling into India soars despite easing of import curbs
Submitted by cpowell on Sun, 2015-06-14 14:44 Section: Daily DispatchesFive-Time Jump in Gold Smuggling; Seizure Worth Rs 1,120 Crore
From The Press Trust of India
via The Times of India, Mumbai
Sunday, June 14, 2015
NEW DELHI -- There has been an unprecedented five-time jump in cases of gold smuggling in 2014-15 over 2012-13 during which yellow metal worth Rs 1,120 crore was seized, notwithstanding easing of curbs on its import.
Ronan Manly: As World Gold Council's membership falls, it hikes fees to GLD
Submitted by cpowell on Sun, 2015-06-14 11:37 Section: Daily Dispatches11:40a ET Sunday, June 14, 2015
Dear Friend of GATA and Gold:
As the World Gold Council's membership of mining companies has been declining, reducing annual dues payments, the council now is generating most of its income through royalties from the exchange-traded gold fund GLD, gold researcher and GATA consultant Ronan Manly reports today.
Jansen disputes Klapwijk on China's gold demand
Submitted by cpowell on Sat, 2015-06-13 09:58 Section: Daily Dispatches10a ET Saturday, June 13, 2015
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen today disputes gold consultancy executive Phillip Klapwijk's lesser estimates of China's gold demand. Jansen's commentary is headlined "Western Consultancy Firms Continue Making Up False Arguments to Debunk SGE Withdrawals" and it's posted at Bullion Star here: