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Daily Dispatches
With gold benchmark fixed, OTC trade eyed as next reform milestone
Submitted by cpowell on Sun, 2014-11-09 17:42 Section: Daily DispatchesBy 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.
UBS to settle allegations over precious metals trading
Submitted by cpowell on Sun, 2014-11-09 11:34 Section: Daily DispatchesDaniel 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.
Fraser Murrell: Permanent gold backwardation means a worldwide financial meltdown
Submitted by cpowell on Sun, 2014-11-09 11:17 Section: Daily Dispatches11:20a 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.
GATA dollar, euro, pound, or bitcoin?
Submitted by cpowell on Sun, 2014-11-09 10:56 Section: Daily Dispatches11:04a 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
Chinese and Canadian central banks agree to $30 billion currency swap
Submitted by cpowell on Sat, 2014-11-08 22:13 Section: Daily DispatchesBy 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.
Ronan Manly: Why doesn't the World Gold Council care about Switzerland anymore?
Submitted by cpowell on Sat, 2014-11-08 10:01 Section: Daily DispatchesBy Ronan Manly
Saturday, November 8, 2014
GATA's dispatch of a Bloomberg News story November 5, "World Gold Council Has Nothing to Say about Swiss Gold Referendum" --
GATA secretary to speak in London and Munich in December
Submitted by cpowell on Sat, 2014-11-08 09:30 Section: Daily Dispatches9:31a ET Saturday, November 8, 2014
Dear Friend of GATA and Gold:
Your secretary/treasurer is scheduled to speak in London and Munich in December.
No bear market in monetary metals, Roberts tells KWN, just a rigged one
Submitted by cpowell on Fri, 2014-11-07 21:40 Section: Daily Dispatches9:40p ET Friday, November 7, 2014
Dear Friend of GATA and Gold:
At KWN, Bill Kaye outlines the likely course of a short squeeze in gold
Submitted by cpowell on Fri, 2014-11-07 14:02 Section: Daily Dispatches2p ET Friday, November 7, 2014
Dear Friend of GATA and Gold:
John Crudele: U.S. economic growth is all illusion
Submitted by cpowell on Fri, 2014-11-07 11:43 Section: Daily DispatchesBy John Crudele
New York Post
Thursday, November 6, 2014
As voters were coming out of the polls on Tuesday, pesky reporters were asking why they voted the way they did -- and what was going through their heads?
The most popular response -- from 45 percent of the voters -- was the economy.
Only 28 percent said their families were doing better financially.
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