You are here
Daily Dispatches
Despite gold's rebound, backwardation has gotten worse, Turk tells KWN
Submitted by cpowell on Mon, 2014-11-17 23:12 Section: Daily Dispatches11:13p ET Monday, November 17, 2014
Dear Friend of GATA and Gold:
Despite the big increase in the gold price over the last week, backwardation in the monetary metal has gotten worse, GoldMoney founder and GATA consultant James Turk tells King World News tonight. Turk adds that gold shorts seem to be operating on a hair trigger. An excerpt from the interview is posted at the KWN blog here:
Lending gold pays record high as 400-oz bars are lost to insatiable Asian demand
Submitted by cpowell on Mon, 2014-11-17 23:04 Section: Daily DispatchesGold Lending Rate Most Negative Since 2001 on Longer Refining
By Nicholas Larkin and Laura Clarke
Bloomberg News
Monday, November 17, 2014
LONDON -- The rate at which gold is lent for dollars is the most negative in 13 years as refineries spend longer recasting bars from vaults to meet demand from Asia, where consumers prefer smaller ingots and jewelry.
Exchange Stabilization Fund, BIS may have to start shorting cocoa
Submitted by cpowell on Mon, 2014-11-17 14:12 Section: Daily DispatchesDon't Panic, But We Could Be Running out of Chocolate
By Lauren Davidson
The Telegraph, London
Monday, November 17, 2014
The world could be running out of chocolate, leading confectioners have warned, as soaring demand continues to outpace the lagging rate of production, pushing up the price of chocolate.
'Yes' vote in Swiss referendum not certain to lift gold prices, Deutsche Bank says
Submitted by cpowell on Mon, 2014-11-17 14:02 Section: Daily DispatchesBy Jan Harvey and Anirban Nag
Reuters
Monday, November 17, 2014
LONDON -- A vote in favour of boosting Switzerland's gold holdings at a Nov. 30 referendum won't necessarily lift bullion prices, Deutsche Bank said in a note, adding there was a "considerable" chance the motion would pass.
Koos Jansen: Monetary metals demand remains strong in China and soars in India
Submitted by cpowell on Mon, 2014-11-17 10:36 Section: Daily Dispatches10:36a ET Monday, November 17, 2014
Dear Friend of GATA and Gold:
China's gold and silver demand remains strong according to data from the Shanghai Gold Exchange and the Shanghai Futures Exchange, Bullion Star market analyst Koos Jansen, a GATA consultant, reports today at Bullion Star:
Indian central bank pressing for more limits on gold imports
Submitted by cpowell on Mon, 2014-11-17 08:28 Section: Daily DispatchesBy Manoj Kumar
Reuters
Mnoday, November 17, 2014
The Reserve Bank of India is in talks with the government for a decision on increasing curbs on gold imports, RBI Deputy Governor S.S. Mundra said on Monday.
The RBI deputy also said attention needed to be paid to the surge in gold imports at a briefing with reporters in the capital. ...
... For the remainder of the report:
ECB official says central bank could buy gold to boost inflation
Submitted by cpowell on Mon, 2014-11-17 08:23 Section: Daily DispatchesECB Could Buy Gold to Revive Economy
By Peter Spence
The Telegraph, London
Monday, November 17, 2014
Gold, shares, and exchange-traded funds -- the European Central Bank (ECB) may turn to buying any or all of these in an attempt to boost inflation in the currency bloc.
Four key observations from the Deutsche Bank report on the Swiss Gold Initiative
Submitted by cpowell on Sun, 2014-11-16 18:54 Section: Daily Dispatches7p ET Sunday, November 16, 2014
Dear Friend of GATA and Gold:
A full copy of last week's Deutsche Bank report on the Swiss Gold Initiative, provided by GATA consultant R.M., conveys these four major points:
Low gold prices set off buying surge in UAE
Submitted by cpowell on Sun, 2014-11-16 10:36 Section: Daily DispatchesBy Manoj Nair
Gulf News, Dubai, United Arab Emirates
Sunday, November 16, 2014
Swiss National Bank chairman forswears 'tricks' to circumvent gold referendum
Submitted by cpowell on Sun, 2014-11-16 10:28 Section: Daily DispatchesSNB Head Says No Sovereign Fund for Gold if Referendum Passes
By Katharina Bart
Reuters
Sunday, November 16, 2014
ZURICH, Switzerland -- The chairman of the Swiss central bank ruled out creating a sovereign wealth fund to manage Switzerland's gold reserves if a referendum on banning the bank from selling them passes, according to a newspaper interview published on Sunday.
Pages
