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Daily Dispatches
China targets counterweight in gold trade with yuan fix
Submitted by cpowell on Wed, 2015-07-01 13:03 Section: Daily DispatchesBy A. Ananthalakshmi and Jan Harvey
Reuters
Wednesday, July 1, 2015
A decade after China kicked off a series of gold market reforms, plans to establish a yuan price fix mark one of Beijing's biggest step so far to capitalise on the country's position as the world's top producer and a leading consumer.
How do you change a currency fast?
Submitted by cpowell on Tue, 2015-06-30 20:33 Section: Daily DispatchesBy Isabelle Fraser
The Telegraph, London
Tuesday, June 30, 2015
The drachma was the world's oldest existing currency before it was replaced by the euro on January 1, 2001. And it may be about to make a comeback. This Sunday's referendum is described by European leaders as a vote for or against the euro. If Greece votes "oxi," the country may soon be looking for a new currency.
ECB poised to raise heat on Greece's beleaguered banks
Submitted by cpowell on Tue, 2015-06-30 20:21 Section: Daily DispatchesClaire Jones and Alex Barker
Financial Times, London
Tuesday, June 30, 2015
When the eurozone's central bankers meet in Frankfurt on Wednesday, they could make a decision that some officials fear could push one or more of Greece's largest banks over the edge.
Bron Suchecki: OCC's gold derivatives chart is wrong, and derivatives went down
Submitted by cpowell on Tue, 2015-06-30 13:07 Section: Daily Dispatches1p ET Tuesday, June 30, 2015
Dear Friend of GATA and Gold:
Perth Mint market researcher Bron Suchecki writes today that Zero Hedge was wrong in asserting last night that the new quarterly report from the U.S. Office of the Comptroller of the Currency shows a huge increase in issuance of gold derivatives, because, Suchecki maintains, a chart in the OCC report is erroneous.
OCC derivatives report suggests U.S. govt. has seized all commodity markets
Submitted by cpowell on Mon, 2015-06-29 23:13 Section: Daily Dispatches10:56p ET Monday, June 25, 2015
Dear Friend of GATA and Gold:
Citing the latest quarterly report of the U.S. Office of the Comptroller of the Currency, Zero Hedge concludes tonight that JPMorganChase has "cornered the commodity derivative market," the notional value of the investment bank's commodity derivative position having just exploded from around $200 billion to nearly $4 trillion.
S. Africa's gold mines offer wage increases of up to 13%
Submitted by cpowell on Mon, 2015-06-29 14:34 Section: Daily DispatchesBy Kevin Crowley
Bloomberg News
Monday, June 29, 2015
South African gold-mining companies tabled a five-year wage offer to the industry's unions that falls short of demands for increases of more than 80 percent.
Koos Jansen: New Chinese fund cites gold's 'superiority'
Submitted by cpowell on Mon, 2015-06-29 11:53 Section: Daily Dispatches11:53a ET Monday, June 29, 2015
Dear Friend of GATA and Gold:
Alasdair Macleod: The euro crisis
Submitted by cpowell on Mon, 2015-06-29 11:47 Section: Daily Dispatches11:47a ET Monday, June 29, 2015
Dear Friend of GATA and Gold:
Dave Kranzler: Market intervention creep
Submitted by cpowell on Mon, 2015-06-29 11:33 Section: Daily DispatchesDon't Panic -- The Fed Is Control of the Markets
By Dave Kranzler
Investment Research Dynamics
Monday, June 29, 2015
If today's market action does not convince the last skeptics that the U.S. financial markets are completely rigged, nothing will.
Financial system cracks, gold somehow falls, no one in authority will ask why
Submitted by cpowell on Mon, 2015-06-29 10:53 Section: Daily Dispatches10:56a ET Monday, June 29, 2015
Dear Friend of GATA and Gold:
No one who has followed GATA for a while could have thought last night, as Greece collapsed financially and the foundations of the European Union and its currency were shaken, that gold would do anything but decline or be held steady under surreptitious central bank intervention in the markets.
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