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Daily Dispatches
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.
JPMorgan sets aside $1 billion for forex-rigging penalty
Submitted by cpowell on Tue, 2014-10-14 08:06 Section: Daily DispatchesBy Tom Braithwaite and Martin Arnold
Financial Times, London
Tuesday, October 14, 2014
JPMorganChase set aside $1 billion in legal reserves, depressing third-quarter results, as the largest US bank by assets prepares to pay big penalties over allegations it manipulated the foreign exchange market.
Gold initiative is needed to restore Swiss independence, Barron tells KWN
Submitted by cpowell on Mon, 2014-10-13 19:25 Section: Daily Dispatches7:25p ET Monday, October 13, 2014
Dear Friend of GATA and Gold:
As the Swiss National Bank opposes the Swiss gold initiative, it is actually advocating keeping Switzerland subservient to the European Central Bank and particularly to the most financially irresponsible members of the euro zone, mining entrepreneur Keith Barron tells King World News today.
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