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Daily Dispatches
Excessive debt is collapsing world economy, von Greyerz tells KWN
Submitted by cpowell on Thu, 2014-10-16 14:38 Section: Daily Dispatches2:35p ET Thursday, October 16, 2014
Dear Friend of GATA and Gold:
Excessive debt is pushing the world's economy toward collapse, Swiss gold fund manager Egon von Greyerz tells King World News today, adding that governments will not be able to buy enough assets to maintain equity values. An excerpt from the interview is posted at the KWN blog here:
TF Metals Report: The current cap
Submitted by cpowell on Thu, 2014-10-16 13:09 Section: Daily Dispatches1:10p ET Thursday, October 16, 2014
Dear Friend of GATA and Gold:
Bullion banks are capping the gold futures price, overwhelming speculative demand with their shorting, to preserve the downtrend line in the gold price chart, the TF Metals Report's Turd Ferguson reports today. Ferguson's commentary is headlined "The Current Cap" and it's posted at the TF Metals Report here:
Ambrose Evans-Pritchard: World economy so damaged it may need permanent QE
Submitted by cpowell on Wed, 2014-10-15 17:41 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, October 15, 2014
http://www.telegraph.co.uk/finance/economics/11165982/World-economy-so-d...
Combined tightening by the United States and China has done its worst. Global liquidity is evaporating.
Miner Fresnillo looks to hedge some gold output
Submitted by cpowell on Wed, 2014-10-15 08:44 Section: Daily DispatchesFrom Reuters
Wednesday, October 15, 2014
Mexican miner Fresnillo Plc reported a small drop in quarterly silver production and said it could hedge a part of its gold output to protect its recent investment in the Herradura corridor in northern Mexico.
Gold imports by India seen rising more than fourfold last month
Submitted by cpowell on Wed, 2014-10-15 08:40 Section: Daily DispatchesBy Pratik Parija
Bloomberg News
Wednesday, October 15, 2014
NEW DELHI, India -- Gold imports by India, the largest user after China, probably surged more than fourfold last month on expectations declining prices would boost festival demand.
Gold stubs Swiss National Bank's toe, and the Financial Times says 'ouch!'
Submitted by cpowell on Tue, 2014-10-14 20:13 Section: Daily DispatchesOn its own hook the FT's "news" story accuses the Swiss gold initiative of "absurdities," mockery the newspaper has yet to hurl against central banks even as they intervene openly in every market and resort to "negative interest rates." Yes, in the FT's view only gold as money can be "absurd." And largely surreptitious control of the valuation of all capital, labor, goods, and services in the w
Oil price dip is Saudi bow to China, Leeb tells King World News
Submitted by cpowell on Tue, 2014-10-14 19:51 Section: Daily Dispatches7:50p ET Tuesday, October 14, 2014
Dear Friend of GATA and Gold:
Fund manager Stephen Leeb tonight tells King World News that the decline in oil prices may be part of a scheme between Saudi Arabia and China to facilitate their trade as Saudi Arabia moves out of the United States' political orbit. An excerpt from the interview is posted at the KWN blog here:
Fighting back, First Majestic delays sale of silver amid price weakness
Submitted by cpowell on Tue, 2014-10-14 19:38 Section: Daily Dispatches7:42p ET Tuesday, October 14, 2014
Dear Friend of GATA and Gold:
Silver price-fixing lawsuits consolidated in Manhattan federal court
Submitted by cpowell on Tue, 2014-10-14 15:20 Section: Daily DispatchesBy Brendan Pierson
Reuters
Tuesday, October 14, 2014
NEW YORK -- Litigation alleging that Deutsche Bank, Bank of Nova Scotia, and HSBC illegally fixed the price of silver has been centralized in Manhattan federal court.
South Africa's gold CEOs ready for mergers as prices decline
Submitted by cpowell on Tue, 2014-10-14 08:20 Section: Daily DispatchesBy Kevin Crowley
Bloomberg News
Tuesday, October 14, 2014
JOHANNESBURG, South Africa -- South Africa's gold miners are ready for mergers and acquisitions as the falling price of bullion forces companies to cut costs and repay debt.
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