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Daily Dispatches
Ronan Manly: Chinese bank participation in new London metals pricing system isn't assured
Submitted by cpowell on Fri, 2015-03-13 21:03 Section: Daily Dispatches8a ICT Saturday, March 14, 2015
Dear Friend of GATA and Gold:
Here's a summary of reports of interest published in the last few hours.
-- Gold researcher and GATA consultant Ronan Manly is skeptical of assumptions that Chinese banks are set to have much influence in the new London gold and silver price-reporting mechanisms in London:
Gold market sentiment matters no more than technical analysis does
Submitted by cpowell on Fri, 2015-03-13 02:55 Section: Daily Dispatches2:05p ICT Friday, March 13, 2015
Dear Friend of GATA and Gold:
Some gold market analysts are noting that sentiment in the sector has probably never been worse. They construe this as an indicator of a bottom in the metal's price and the price of gold mining shares. But in a market as manipulated as the gold market, sentiment has no more meaning than technical analysis does.
Koos Jansen: The mechanics of the Chinese gold market
Submitted by cpowell on Thu, 2015-03-12 23:08 Section: Daily Dispatches10:10a ICT Friday, March 13, 2015
Dear Friend of GATA and Gold:
U.K. seeks to join China-backed Asian infrastructure bank
Submitted by cpowell on Thu, 2015-03-12 21:59 Section: Daily DispatchesBy Maria Levitov
Bloomberg News
Thursday, March 12, 2015
LONDON -- The U.K. is looking to join China's Asian Infrastructure Investment Bank, becoming the first "major western country" to apply for membership, Chancellor of the Exchequer George Osborne said.
Ambrose Evans-Pritchard: Global finance faces $9 trillion stress test as dollar soars
Submitted by cpowell on Thu, 2015-03-12 12:44 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Friday, March 13, 2015
Sitting on the desks of central bank governors and regulators across the world is a scholarly report that spells out the vertiginous scale of global debt in US dollars, and gently hints at the horrors in store as the US Federal Reserve turns off the liquidity spigot.
TF Metals Report: Yen and gold selling trade seems to be on again
Submitted by cpowell on Thu, 2015-03-12 12:16 Section: Daily Dispatches11:14p ICT Thursday, March 12, 2015
Dear Friend of GATA and Gold:
The high-frequency, algorithmic trade of selling yen and gold together seems to be back in place, the TF Metals Report's Turd Ferguson writes this week, warning that more smashes are likely ahead for "paper gold." His commentary is headlined "gird your loins" and it's posted at the TF Metals Report here:
Venezuela negotiating again to pawn its gold reserves, sources tell Reuters
Submitted by cpowell on Wed, 2015-03-11 06:57 Section: Daily DispatchesVenezuela Discussing Gold Swap with Wall Street Banks, Sources Say
By Eyanir Chinea and Corina Pons
Reuters
Tuesday, March 10, 2015
HSBC vault closures forcing customers to sell gold, Maguire tells KWN
Submitted by cpowell on Tue, 2015-03-10 19:35 Section: Daily Dispatches7:30a TNT Wednesday, March 11, 2015
Dear Friend of GATA and Gold:
China's international payments system is ready, could launch this year, Reuters says
Submitted by cpowell on Mon, 2015-03-09 23:45 Section: Daily DispatchesBy Michelle Chen and Koh Gui Qing
Reuters
Monday, March 9, 2015
China's long-awaited international payment system to process cross-border yuan transactions is ready and may be launched as early as September or October, three sources with direct knowledge of the matter told Reuters.
Finance and Liberty interviews GATA Chairman Murphy
Submitted by cpowell on Mon, 2015-03-09 23:35 Section: Daily Dispatches11:35p ET Monday, March 9, 2015
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy was interviewed today by Elijah Johnson of Finance and Liberty about the increasingly heavy-handed suppression of gold and silver prices on the New York Commodities Exchange. The interview is 17 minutes long and can be heard at You Tube here:
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