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Daily Dispatches
At the New York Fed, gold can leave discreetly by the back door
Submitted by cpowell on Thu, 2015-01-29 11:45 Section: Daily Dispatches11:46a ET Thursday, January 29, 2015
Dear Friend of GATA and Gold:
With his meticulously documented report yesterday about the close connection between the auxiliary gold vault of the Federal Reserve Bank of New York and the vault area of the adjacent JPMorganChase & Co. building, GATA consultant Ronan Manly was pretty cautious:
Banks rigging markets are like 'careless fighter pilots'
Submitted by cpowell on Thu, 2015-01-29 11:24 Section: Daily DispatchesBy James Titcomb
The Telegraph, London
Thursday, January 29, 2015
A senior Bank of England official has compared banks' failures to prevent Libor and foreign exchange rigging to a fighter pilot ignoring safety checks, saying it should be in the banks’'own interests to stamp out bad behaviour.
Sen. Rand Paul re-introduces 'audit the Fed' bill
Submitted by cpowell on Wed, 2015-01-28 21:57 Section: Daily DispatchesBy Michael Flaherty
Reuters
Wednesday, January 28, 2015
Republican U.S. Sen. Rand Paul, a potential 2016 presidential candidate, on Wednesday re-introduced a bill that would expose the Federal Reserve's monetary policy discussions and decisions to a congressional audit.
Central banks' gold suppression will fail, maybe any day now, Sprott tells KWN
Submitted by cpowell on Wed, 2015-01-28 20:52 Section: Daily Dispatches8:50p ET Wednesday, January 28, 2015
Dear Friend of GATA and Gold:
Volatility in currencies signals that central banks are losing control while investors increasingly move into physical gold, straining central bank supplies to the market, Sprott Asset Management founder Eric Sprott tells King World News tonight.
Central banks irrelevant? Doug Casey says yes but his chief economist disagrees
Submitted by cpowell on Wed, 2015-01-28 19:19 Section: Daily Dispatches7:19p ET Wednesday, January 28, 2015
Dear Friend of GATA and Gold:
NY Fed's auxiliary gold vault may be JPM's and a device of foreign policy
Submitted by cpowell on Wed, 2015-01-28 16:37 Section: Daily Dispatches4:35p ET Wednesday, January 28, 2015
Dear Friend of GATA and Gold:
Singapore becomes ninth country to weaken currency this month
Submitted by cpowell on Wed, 2015-01-28 08:19 Section: Daily DispatchesSingapore Dollar Is Weakest Since 2010
By Sharon Chen
Bloomberg News
Wednesday, January 28, 2015
SINGAPORE -- Singapore unexpectedly eased monetary policy, sending the currency to the weakest since 2010 against the U.S. dollar as the country joined global central banks in shoring up growth amid dwindling inflation.
German regulator sees only scattered, individual efforts to manipulate gold price
Submitted by cpowell on Tue, 2015-01-27 20:10 Section: Daily DispatchesGerman Watchdog Sees No Signs of Gold, Forex Manipulation
By Thomas Atkins
Reuters
Tuesday, January 27, 2015
FRANKFURT, Germany -- Investigators at German financial watchdog Bafin have not discovered any signs of systemic efforts to manipulate currency benchmarks, rather, only individual efforts, banking supervisory head Raimund Roeseler said in a newspaper interview today.
JPMorgan said to reap up to $300 million amid Swiss turmoil
Submitted by cpowell on Tue, 2015-01-27 15:38 Section: Daily DispatchesBy Julia Verlaine
Bloomberg News
Monday, January 27, 2015
JPMorgan Chase & Co.'s foreign-exchange traders reaped a gain of as much as $300 million after the Swiss central bank roiled markets by abolishing its cap on the franc, according to two people with knowledge of the matter.
TF Metals Report: Inherent unfairness in the gold futures market
Submitted by cpowell on Tue, 2015-01-27 15:04 Section: Daily Dispatches3:03p ET Tuesday, January 27, 2015
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson today provides his own indictment of the gold futures market, where infinite imaginary supply can be created at any moment to suppress the price. Ferguson's commentary is headlined "Inherent Unfairness" and it's posted at the TF Metals Report here:
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