Daily Dispatches

Koos Jansen: Chinese gold demand strong, mainstream media twisting

Submitted by cpowell on Mon, 2014-11-10 09:59 Section: Daily Dispatches

10a ET Monday, November 11, 2014

Dear Friend of GATA and Gold:

Western news agencies are still misrepresenting gold demand in China, Bullion Star market analyst and GATA consultant Koos Jansen notes today. His commentary is headlined "Chinese Gold Demand Strong, Mainstream Media Twisting" and it's posted at Bullion Star here:

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Swiss franc cap tested as gold bugs push referendum

Submitted by cpowell on Mon, 2014-11-10 08:06 Section: Daily Dispatches

By Lucy Meakin
Bloomberg News
Monday, November 10, 2014

LONDON -- Switzerland's referendum on boosting gold reserves is already increasing pressure on the franc's cap against the euro, even as polls show voters remain undecided.

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With gold benchmark fixed, OTC trade eyed as next reform milestone

Submitted by cpowell on Sun, 2014-11-09 17:42 Section: Daily Dispatches

By Clara Denina
Reuters
Sunday, November 9, 2014

Calling time on London's century-old gold "fix" could mark the beginning of an even wider industry overhaul that may ultimately dilute the dominance of the highly profitable bilateral over-the-counter trading.

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UBS to settle allegations over precious metals trading

Submitted by cpowell on Sun, 2014-11-09 11:34 Section: Daily Dispatches

Daniel Schäfer and James Shotter
Financial Times, London
Sunday, November 9, 2014

http://www.ft.com/intl/cms/s/0/428e1400-6804-11e4-bcd5-00144feabdc0.html

UBS is to settle allegations of misconduct at its precious metals trading business alongside a planned agreement between UK and US authorities and seven banks over accusations of foreign exchange market rigging.

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Fraser Murrell: Permanent gold backwardation means a worldwide financial meltdown

Submitted by cpowell on Sun, 2014-11-09 11:17 Section: Daily Dispatches

11:20a ET Sunday, November 9, 2014

Dear Friend of GATA and Gold:

Australian scholar Fraser Murrell, a mathmetician and former stockbroker, argues today in commentary posted at MineWeb that, as the economist Antal Fekete has written, permanent backwardation in gold is the great threat to the world financial system, at least as it is now constituted as a fiat money system.

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GATA dollar, euro, pound, or bitcoin?

Submitted by cpowell on Sun, 2014-11-09 10:56 Section: Daily Dispatches

11:04a ET Sunday, November 9, 2014

Dear Friend of GATA and Gold:

With the monetary metals mining industry agreeing to die quietly and its investors dying with them, the World Gold Council celebrating watches for plutocrats as its industry dies --

https://twitter.com/GOLDCOUNCIL/status/528214829841264640/photo/1

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Chinese and Canadian central banks agree to $30 billion currency swap

Submitted by cpowell on Sat, 2014-11-08 22:13 Section: Daily Dispatches

By Andrea Hopkins
Reuters
Saturday, November 8, 2014

BEIJING -- The central banks of China and Canada have agreed to a currency swap worth 200 billion yuan ($32.67 billion) or C$30 billion, according to a Canadian government statement issued at a meeting of Asia Pacific nations on Saturday.