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Daily Dispatches
How to get the gold price up: Put gears and dials in it
Submitted by cpowell on Tue, 2014-11-11 20:04 Section: Daily DispatchesBy Stephanie Nebehay
Reuters
Tuesday, November 11, 2014
GENEVA, Switzerland -- A gold pocket watch made by Patek Philippe for a New York banker in the 1930s fetched 23.2 million Swiss francs ($24 million) at auction on Tuesday, smashing the record for a timepiece it previously set 15 years ago, Sotheby's said.
LBMA gathers in Peru to disparage gold, discourage redemption of unbacked paper
Submitted by cpowell on Tue, 2014-11-11 19:59 Section: Daily DispatchesShaken Gold Bulls Learn to Accept 'New Normal'
By Clara Denina
Reuters
Tuesday, November 11, 2014
LIMA, Peru -- Blinking from sweeping reform on price benchmarks, even the most die-hard gold enthusiasts accepted that the market's glory days had faded for now, as the bullion industry's annual conference agreed prices would nurse losses over the next year.
Russia is winning confrontation with West, Leeb tells KWN
Submitted by cpowell on Tue, 2014-11-11 19:18 Section: Daily Dispatches7:20p ET Tuesday, November 11, 2014
Dear Friend of GATA and Gold:
Fund manager Stephen Leeb tells King World News today that Russia is winning its confrontation with the West, that China is the biggest buyer of oil on the current dip, and that he wouldn't be surprised if oil is 70 to 90 percent higher within a year. An excerpt from the interview is posted at the KWN blog here:
Wall Street for Main Street's Jason Burack interviews GATA secretary
Submitted by cpowell on Tue, 2014-11-11 19:08 Section: Daily Dispatches7:09p ET Tuesday, November 11, 2014
Dear Friend of GATA and Gold:
If history repeats itself, Turk says, gold downdraft will end soon
Submitted by cpowell on Mon, 2014-11-10 22:37 Section: Daily Dispatches10:35p ET Monday, November 10, 2014
Dear Friend of GATA and Gold:
Sprott's Embry criticizes Randgold's Bristow for claiming that gold is oversupplied
Submitted by cpowell on Mon, 2014-11-10 17:34 Section: Daily Dispatches5:35p ET Monday, November 10, 2014
Dear Friend of GATA and Gold:
GoldCore: UBS shows gold-rigging conspiracies aren't mere theory
Submitted by cpowell on Mon, 2014-11-10 15:10 Section: Daily Dispatches3:09p ET Monday, November 10, 2014
Dear Friend of GATA and Gold:
Noting the Financial Times' report that UBS has agreed to confess to manipulating the gold market --
Judge upholds Liberty Dollar founder's conviction and schedules sentencing
Submitted by cpowell on Mon, 2014-11-10 14:50 Section: Daily Dispatches2:53p ET Monday, November 10, 2014
Dear Friend of GATA and Gold:
The federal judge in the Liberty Dollar counterfeiting case from North Carolina today upheld the jury's March 2011 conviction of the alternative currency system's founder, Bernard von NotHaus. (For an account of von NotHaus' conviction, see: http://www.gata.org/node/9715.)
Russian central bank buys up domestic gold output as sanctions bite
Submitted by cpowell on Mon, 2014-11-10 14:04 Section: Daily DispatchesBy Clara Denina
Reuters
Monday, November 10, 2014
Russia's central bank has been forced to step up its gold buying this year to absorb domestic production that Western sanctions are making it hard for miners to sell abroad, and to boost liquidity in its foreign reserves, sources said.
Why not defend the ruble by buying gold instead?
Submitted by cpowell on Mon, 2014-11-10 12:14 Section: Daily DispatchesIt sure would kick all the other currencies down a peg or two, and the best defense is a good offense.
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In Shift, Russia Lets Ruble Float Free in Markets
By Vladimir Isachenvov and Laura Mills
Associated Press
via Yahoo News
Monday, November 10, 2014
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