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Daily Dispatches
Unprecedented backwardation in gold, Turk tells USAWatchdog
Submitted by cpowell on Wed, 2015-08-05 16:40 Section: Daily Dispatches4:40p ET Wednesday, August 5, 2015
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk today tells USAWatchdog's Greg Hunter that he has never seen such a long period of backwardation in the gold market. Turk says that "the money bubble" is getting ready to pop. His interview is 26 minutes long and can be watched at USAWatchdog here:
Surging demand for the real stuff even as paper gold prices fall
Submitted by cpowell on Wed, 2015-08-05 10:08 Section: Daily Dispatches10:07a ET Wednesday, August 5, 2015
Dear Friend of GATA and Gold:
Another monetary metals dealer, Money Metals Exchange in Idaho, reports surging demand for the real stuff even as prices for "paper gold" fall, "more buying interest than at any time since the 2008 financial crisis." The firm reports its recent sales data here:
GATA chairman interviewed about metals market rigging
Submitted by cpowell on Wed, 2015-08-05 10:01 Section: Daily Dispatches10a ET Wednesday, August 5, 2015
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy was interviewed this week about gold and silver market rigging by Dave Kranzler of Investment Research Dynamics at the IRD Internet site here --
http://investmentresearchdynamics.com/sot-48-bill-murphy-violent-and-bre...
Avery Goodman: U.S. guarantees Comex gold, hastening offtake there
Submitted by cpowell on Wed, 2015-08-05 00:15 Section: Daily DispatchesDemand for Physical Gold Deliveries Doubles in August
By Avery Goodman
Tuesday, August 4, 2015
Last month I wrote about an usual situation at the COMEX futures exchange:
http://seekingalpha.com/article/3227026-gold-market-tightness-puts-comex...
James McShirley: Kitco inadvertently acknowledges that the gold price is suppressed
Submitted by cpowell on Tue, 2015-08-04 23:22 Section: Daily DispatchesBy James McShirley
via Bill Murphy's "Midas" commentary at www.LeMetropoleCafe.com
Tuesday, August 4, 2015
How do you mention manipulation without actually saying it? Well, if you work for Kitco and your name is either Neils Christensen or Peter Hug you do it this way:
http://www.kitco.com/news/2015-08-03/U-S-Mint-Reports-469-YoY-Increase-I...
IMF staff review recommends delaying currency basket adoption of yuan
Submitted by cpowell on Tue, 2015-08-04 23:12 Section: Daily DispatchesBy David Chance and Krista Hughes
Reuters
Tuesday, August 4, 2015
WASHINGTON -- The International Monetary Fund should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016, an IMF staff report said, a move that would effectively end the Chinese currency's chances of an early inclusion.
Stefan Gleason: Five extraordinary things that will shake up precious metals
Submitted by cpowell on Tue, 2015-08-04 16:06 Section: Daily Dispatches4:05p ET Tuesday, August 4, 2015
Dear Friend of GATA and Gold:
Hugo Salinas Price: Will China play the 'gold card'?
Submitted by cpowell on Tue, 2015-08-04 14:09 Section: Daily Dispatches2:08p ET Tuesday, August 4, 2015
Dear Friend of GATA and Gold:
China well may devalue the yuan against gold as the next move in the international currency war, Hugo Salinas Price of the Mexican Civic Association for Silver writes this week. His commentary is headlined "Will China Play the 'Gold Card'?" and it's posted at the association's Internet site here:
Despite media's propaganda, gold has performed well in Europe, Turk tells KWN
Submitted by cpowell on Mon, 2015-08-03 21:06 Section: Daily Dispatches9:05p ET Monday, August 3, 2015
Dear Friend of GATA and Gold:
Is there any limit to creation of paper gold on the Comex?
Submitted by cpowell on Mon, 2015-08-03 15:28 Section: Daily Dispatches3:32p ET Monday, August 3, 2015
Dear Friend of GATA and Gold:
A week ago the TF Metals Report disclosed that leverage in gold futures contracts on the New York Commodities Exchange had reached 116 times the metal available for delivery:
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