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Daily Dispatches
March date set for gold fix switch
Submitted by cpowell on Thu, 2015-02-19 16:37 Section: Daily DispatchesBy Ese Erheriene
The Wall Street Journal
Thursday, February 19, 2015
The deadline for the gold fix to enter the digital age is nearing.
The London Bullion Market Association said today that the gold benchmark will be set via an electronic platform managed by ICE Benchmark Administration beginning on March 20.
Gold is cheaper in real terms now than it was in 2002, von Greyerz says
Submitted by cpowell on Thu, 2015-02-19 16:26 Section: Daily Dispatches4:25p ET Thursday, February 19, 2015
Dear Friend of GATA and Gold:
Swiss gold fund manager Egon von Greyerz tells King World News today that gold is cheaper today in real terms than it was at $300 in 2002 even as the monetary metal has become far more strategic in international affairs. An excerpt from his interview is posted at the KWN blog here:
Koos Jansen: Why do mainstream analysts distort, minimize China gold demand?
Submitted by cpowell on Thu, 2015-02-19 10:54 Section: Daily Dispatches10:54a ET Thursday, February 19, 2015
Dear Friend of GATA and Gold:
Middelkoop and Macleod see a gold-based reset
Submitted by cpowell on Wed, 2015-02-18 17:12 Section: Daily Dispatches5:10p ET Wednesday, February 18, 2015
Dear Friend of GATA and Gold:
Gold-based transformations of the world financial system are envisioned in two commentaries today, one by Willem Middlekoop, author of "The Big Reset," who writes today in Koos Jansen's space at Bullion Star a commentary headlined "A New Gold Standard in the Making":
RBI lifts ban on import of gold coins, medallions by banks
Submitted by cpowell on Wed, 2015-02-18 13:55 Section: Daily DispatchesBy the Press Trust of Inda
via The Times of India, Mumbai
Wednesday, February 18, 2015
MUMBAI -- The Reserve Bank of India today lifted the ban on imports of gold coins and medallions by banks and trading houses.
In a notification the RBI also said banks are permitted to import gold on consignment basis. Domestic sales will be, however, permitted against up-front payment only.
Tocqueville's Hathaway discusses price-rigging suit against London gold fix participants
Submitted by cpowell on Tue, 2015-02-17 19:25 Section: Daily Dispatches7:25p ET Tuesday, February 17, 2015
Dear Friend of GATA and Gold:
Ted Butler: A remarkable proposition
Submitted by cpowell on Tue, 2015-02-17 19:12 Section: Daily Dispatches7:10p ET Tuesday, February 17, 2015
Dear Friend of GATA and Gold:
Zero Hedge claims vindication for Mylchreest's study of gold-suppressing yen trade
Submitted by cpowell on Tue, 2015-02-17 17:09 Section: Daily Dispatches5:10p ET Tuesday, February 17, 2015
Dear Friend of GATA and Gold:
Zero Hedge today claims vindication for market analyst Paul Mylchreest's study in December, conveyed to you by GATA --
-- concluding that the price of gold has been suppressed for two years as part of a massive trade involving the Japanese yen and Japan's stock index.
At KWN, Embry notes laughably counterintuitive action in monetary metals
Submitted by cpowell on Tue, 2015-02-17 15:00 Section: Daily Dispatches3p ET Tuesday, February 17, 2015
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry today discusses with King World News the laughably counterintuitive action in the monetary metals -- their getting smashed down in the New York futures market "in the face of a news backdrop that should be sending them up sharply." Embry's interview is excerpted at the KWN blog here:
Caliphs are long gone but their money is still pretty good
Submitted by cpowell on Tue, 2015-02-17 14:50 Section: Daily DispatchesDivers in Caesarea Find Largest Treasure of Gold Coins Ever Discovered in Israel
From the Jerusalem Post
Jerusalem, Israel
Tuesday, February 17, 2015
http://www.jpost.com/Israel-News/Divers-in-Caesarea-find-largest-treasur...
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