Daily Dispatches

'Central banks aren't trading the gold market the way they used to'

Submitted by cpowell on Mon, 2015-05-18 07:50 Section: Daily Dispatches

Traders Warn on Gold Liquidity

By Henry Sanderson
Financial Times, London
Monday, May 18, 2015

A few years ago London's precious metals traders would arrive at their desks to find the phones flashing. On the other end of the line were rival banks looking to buy and sell gold. Today the trading floors are a lot quieter.

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Save the rhinos: Create a futures market for their horns and have the NY Fed short it

Submitted by cpowell on Sun, 2015-05-17 20:55 Section: Daily Dispatches

At $60,000 a Pound, Illegal Rhino Horn Declared More Valuable than Gold, Diamonds, and Cocaine

By Jennifer Harper
The Washington Times
Sunday, May 17, 2015

Could a human hankering for exotic elixirs, curatives, and aphrodisiacs turn rhino horn into a $20 billion-a-year industry and take out an entire species of animals at the same time?

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To central bankers, these deaths are just collateral damage of currency market rigging

Submitted by cpowell on Sun, 2015-05-17 20:47 Section: Daily Dispatches

Buried Alive: Young Liberians Risk All in Deadly Mines

By Zoom Dosso
Agence France-Presse
via Yahoo News, New York
Sunday, May 17, 2015

DARK FOREST, Liberia -- Peter Kollie was digging for gold in the forests of southeastern Liberia when the deep shaft he had carved out of the earth collapsed, turning into a dark, airless tomb.

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Obama seeks to keep U.S. veto at IMF as China's influence is expanded

Submitted by cpowell on Sun, 2015-05-17 20:24 Section: Daily Dispatches

By Andrew Mayeda
Bloomberg News
Sunday, May 17, 2015

The Obama administration has signaled it won't jeopardize the U.S. power to veto IMF decisions to achieve its goal of giving China and other emerging markets more clout at the lender, according to people familiar with the matter.

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Peru is another rich country insisting on being poor and pockmarked

Submitted by cpowell on Sun, 2015-05-17 11:54 Section: Daily Dispatches

11:56a ET Sunday, May 17, 2015

Dear Friend of GATA and Gold:

National Public Radio today broadcast and published a long report about the environmental devastation done by wildcat gold miners in Peru, a phenomenon common throughout the part of the developing world that has mineral resources:

http://www.npr.org/sections/goatsandsoda/2015/05/17/398765777/who-did-th...

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Koos Jansen: World Gold Council continues to underestimate Chinese gold demand

Submitted by cpowell on Sat, 2015-05-16 21:45 Section: Daily Dispatches

9:45p ET Saturday, May 16, 2015

Dear Friend of GATA and Gold:

The World Gold Council, gold researcher and GATA consultant Koos Jansen reports today, continues to vastly underestimate gold demand in China. Jansen's commentary is headlined "SGE Withdrawals vs. WGC Demand, Q1 2015" and it's posted at Bullion Star here: