You are here
Daily Dispatches
Gold has never been so much in backwardation, Turk tells King World News
Submitted by cpowell on Wed, 2014-11-12 20:23 Section: Daily Dispatches8:25p ET Wednesday, November 12, 2014
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tells King World News tonight that gold has never been as backwardated as it is now and that a rally in the gold price always follows backwardation. An excerpt from the interview is posted at the KWN blog here:
Bud Conrad: 'Paper gold' and its effect on the gold price
Submitted by cpowell on Wed, 2014-11-12 20:16 Section: Daily Dispatches8:16p ET Wednesday, November 12, 2014
Dear Friend of GATA and Gold:
Today's market-rigging disclosures only hint at far greater offenses
Submitted by cpowell on Wed, 2014-11-12 14:54 Section: Daily Dispatches2:54p ET Wednesday, November 12, 2014
Dear Friend of GATA and Gold:
As much as we may claim some vindication from today's official confirmations of LIBOR and gold-market rigging --
http://www.gata.org/node/14706
http://www.gata.org/node/14707
-- they involve, after all, only the smaller participants, the investment banks that often function as agents for Western central banks.
Would you die on your feet or your knees -- or even win?
Submitted by cpowell on Wed, 2014-11-12 14:19 Section: Daily Dispatches2:21p ET Wednesday, November 12, 2014
Dear Friend of GATA and Gold:
IAMGold lays off 40% of management and quits World Gold Council
Submitted by cpowell on Wed, 2014-11-12 10:49 Section: Daily DispatchesIAMGOLD Reduces Executive Team by 40% and Takes Further Measures to Cut Costs
Company Statement via PR Newswire
Monday, November 10, 2014
Swiss regulator says UBS tried to manipulate monetary metals fixes
Submitted by cpowell on Wed, 2014-11-12 10:27 Section: Daily DispatchesClear Attempt to Manipulate Precious Metals Benchmarks at UBS, FINMA Says
By Jan Harvey
Reuters
Wednesday, November 12, 2014
LONDON -- Swiss regulator FINMA said on Wednesday that it found a "clear attempt" to manipulate precious metals benchmarks during its investigation into precious metals and foreign exchange trading at UBS.
Fines bring bank currency-rigging settlement to $4.3 billion
Submitted by cpowell on Wed, 2014-11-12 10:18 Section: Daily DispatchesBy Suzi Ring, Liam Vaughan, and Jesse Hamilton
Bloomberg News
Wednesday, November 12, 2014
Regulators in the U.S., Britain, and Switzerland ordered six banks to pay about $4.3 billion in the first wave of penalties since authorities began a global probe into the rigging of key foreign-exchange benchmarks last year.
Gold to find solace from negative lending rate
Submitted by cpowell on Tue, 2014-11-11 20:13 Section: Daily DispatchesBy Nicholas Larkin
Bloomberg News
Tuesday, November 11, 2014
Gold at a four-year low should find solace after rates at which bullion is lent for dollars turned negative, signaling tighter supply, Natixis SA said.
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.
Pages
