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Daily Dispatches
Indian households said to spend 8% of daily consumption on gold jewellery and coins
Submitted by cpowell on Wed, 2014-12-10 07:27 Section: Daily DispatchesFrom The Times of India, Mumbai
Wednesday, December 10, 2014
KOLKATA, India -- An Indian household spends 8 percent of its daily consumption on gold jewellery and coins, which is only marginally behind medical expenses and education, according to a joint report by industry body Ficci and the World Gold Council.
Mexico vows to sell dollars to halt peso's slide
Submitted by cpowell on Wed, 2014-12-10 07:21 Section: Daily DispatchesBy E. Eduardo Castillo
Associated Press
via ABC News, New York
Tuesday, December 8, 2014
MEXICO CITY -- Mexico is ready to intervene in currency markets to fight the peso's fall against the dollar amid concerns over dropping oil prices and a possible increase in U.S. interest rates.
Bron Suchecki: PBOC paper recommends leasing its reserves to manipulate gold price
Submitted by cpowell on Wed, 2014-12-10 06:19 Section: Daily Dispatches12:20p CET Wednesday, December 10, 2014
Dear Friend of GATA and Gold:
The Perth Mint's Bron Suchecki today disputes Bullion Star market analyst and GATA consultant Koos Jansen's interpretation of a 2011 analysis of gold leasing written for the People's Bank of China. (Jansen's commentary is here: https://www.bullionstar.com/blog/koos-jansen/a-close-look-at-the-chinese....)
If a bank is too big, storing gold there is unsafe, von Greyerz tells KWN
Submitted by cpowell on Wed, 2014-12-10 02:54 Section: Daily Dispatches8:50a CET Wednesday, December 10, 2014
Dear Friend of GATA and Gold:
Koos Jansen: Gold leased in China is not double-counted as in the West
Submitted by cpowell on Wed, 2014-12-10 02:48 Section: Daily Dispatches8:45a CET Wednesday, December 10, 2014
Dear Friend of GATA and Gold:
Danish central bank will devalue without limit to match euro, deputy governor says
Submitted by cpowell on Wed, 2014-12-10 02:40 Section: Daily DispatchesDraghi Stimulus Draws Danish Pledge on Limitless Krone Defenses
By Peter Levring
Bloomberg News
Tuesday, December 9, 2014
COPENHAGEN, Denmark -- As Mario Draghi tries to pump as much as 1 trillion euros ($1.23 trillion) of liquidity into the euro area, a little nation on Europe's northern rim is preparing its defense of a 30-year-old currency regime.
Chris Powell: Gold market manipulation -- Why, how, and how long?
Submitted by cpowell on Tue, 2014-12-09 18:00 Section: Daily DispatchesRemarks by Chris Powell, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
German Precious Metal Society and the Foundation for Liberty and Ratio
Hotel Bayerischer Hof, Munich, Germany
Tuesday, December 9, 2014
Thank you for coming here tonight even though I can speak only English. I'm afraid that when it comes to German I don't know scheisse.
'Spoofing' isn't manipulating gold market alone but Treasuries as well
Submitted by cpowell on Tue, 2014-12-09 09:41 Section: Daily DispatchesLight-Speed Treasury Trading Governed by Rules Dating to 1998
By Matthew Leising
Bloomberg News
Monday, December 8, 2014
NEW YORK -- The last time regulators took a hard look at how Wall Street trades Treasuries, a little company called Google Inc. was just starting out.
India should allow banks to hold gold as reserves, World Gold Council report says
Submitted by cpowell on Tue, 2014-12-09 09:25 Section: Daily DispatchesBy Meenakshi Sharma and A. Ananthalakshmi
Reuters
Tuesday, December 9, 2014
India should allow banks to use gold as part of their liquidity reserves, which would let them make more use of gold inside the country and reduce the need for imports, an industry body said today, seeing that as an alternative to import curbs.
India should subordinate itself to London fix, World Gold Council report says
Submitted by cpowell on Tue, 2014-12-09 09:16 Section: Daily DispatchesBullion Board Seen by World Gold Council as Way to Manage India Gold Demand
By Swansy Afonso
Bloomberg News
Tuesday, December 9, 2014
MUMBAI, India -- India, the world's largest gold consumer after China, should start a bullion board to regulate trade and a spot exchange to offer uniform prices across the country, the World Gold Council said.
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