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Daily Dispatches
Big banks in $1.87 billion swaps price-fixing settlement
Submitted by cpowell on Fri, 2015-09-11 12:40 Section: Daily DispatchesBy Jonathan Stempel
Reuters
Friday, September 11, 2015
NEW YORK -- Twelve major banks have reached a $1.865 billion settlement to resolve investor claims that they conspired to fix prices and restrain competition in the roughly $16 trillion market for credit default swaps, a lawyer for the investors said today.
Citi shared central bank trading info with clients, former trader says
Submitted by cpowell on Thu, 2015-09-10 20:12 Section: Daily DispatchesBy Jamie McGeever
Reuters
Thursday, September 10, 2015
LONDON -- Citigroup sent details of its central bank customers' trading activity to another client and handed out details of its foreign exchange order book to customers in electronic chat rooms, a former foreign exchange trader said in a witness statement to a London court today.
Bron Suchecki: Indian government's gold bond plan aims to depress gold price
Submitted by cpowell on Thu, 2015-09-10 18:53 Section: Daily Dispatches6:50p ET Thursday, September 10, 2015
Dear Friend of GATA and Gold:
Shanghai Gold Exchange expands trading collateral to help volume
Submitted by cpowell on Thu, 2015-09-10 10:50 Section: Daily DispatchesFrom Bloomberg News
Thursday, September 10, 2015
The Shanghai Gold Exchange, the world's largest physical bullion marketplace, plans to expand trading collateral to precious metals, foreign exchange, and securities from local currency now, according to statements posted on its website Thursday. The move is designed to "boost market services," it said.
Koos Jansen: It's virtually impossible to get physical gold in London
Submitted by cpowell on Thu, 2015-09-10 09:47 Section: Daily Dispatches9:46a ET Thursday, September 10, 2015
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen today notes indications that gold and silver supplies are tight. His commentary is headlined "It's Virtually Impossible to Get Physical Gold in London" and it's posted at Bullion Star here:
Koos Jansen: India's precious metals imports explosive in August
Submitted by cpowell on Thu, 2015-09-10 08:16 Section: Daily DispatchesBy Koos Jansen
Thursday, September 10, 2015
In the month of August 2015, India imported 126 tonnes of gold and 1,400 tonnes of silver, according to data from Infodrive India. Gold import into India is rising after a steep fall due to government import restrictions implemented in 2013.
Is Comex gold really being critically drained?
Submitted by cpowell on Thu, 2015-09-10 00:46 Section: Daily Dispatches12:58a ET Thursday, September 10, 2015
Dear Friend of GATA and Gold:
Zero Hedge reports tonight that the gold ready for delivery from Comex warehouses against Comex gold futures contracts has fallen to the lowest amount on record, leaving 207 ounces in paper gold claims for every ounce of real metal ready for delivery:
Gold council lauds plan to paperize, lend, and suppress price of Indian public's gold
Submitted by cpowell on Wed, 2015-09-09 20:23 Section: Daily DispatchesGold Scheme to Help Monetise Privately Held Gold Stocks, World Gold Council Says
From the Press Trust of India
via The Times of India, Mumbai
Wednesday, September 9, 2015
http://economictimes.indiatimes.com/markets/commodities/gold-scheme-to-h...
Indian government approves scheme for paperizing gold
Submitted by cpowell on Wed, 2015-09-09 11:33 Section: Daily DispatchesIndia's Modi Moves Closer to Tapping Gold Hoard to Cut Imports
By Bibhudatta Pradhan and Swansy Afonso
Bloomberg News
Wednesday, September 9, 2015
India moved a step closer to selling gold-backed bonds and allowing banks to tap idle jewelry and bars held by households and temples to cut reliance on imports.
Mining exec Hambro tells Bloomberg that 'paper gold' isn't real metal
Submitted by cpowell on Wed, 2015-09-09 11:05 Section: Daily Dispatches11:04a ET Wednesday, September 9, 2015
Dear Friend of GATA and Gold:
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