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Daily Dispatches
U.S. gold reserve is leased but undeliverable, Jim Rickards tells Peter Schiff
Submitted by cpowell on Thu, 2014-08-14 00:02 Section: Daily Dispatches12:02a ET Thursday, August 14, 2014
Dear Friend of GATA and Gold:
Interviewed by fund manager Peter Schiff, geo-political strategist, author, and fund manager James G. Rickards asserts, among other things, that:
-- The U.S. gold reserve has been leased out but has not left its vaults.
London gold fix lawsuits to be consolidated in New York
Submitted by cpowell on Wed, 2014-08-13 17:39 Section: Daily DispatchesBy Andrew Longstreth
Reuters
Wednesday, August 13, 2014
A federal judicial panel on Wednesday ordered that 18 lawsuits alleging a conspiracy to manipulate gold prices be consolidated into one proceeding in New York.
The cases will be sent to U.S. District Judge Valerie Caproni in Manhattan, who has already been overseeing more than two dozen cases.
No interest rate rise in UK this year as Bank of England slashes wage growth forecast
Submitted by cpowell on Wed, 2014-08-13 08:29 Section: Daily DispatchesBy Peter Spence
The Telegraph, London
Wednesday, August 13, 2014
The Bank of England's interest rates are set to stay at their historic lows until next year, after the central bank signalled that it does not expect to see strong growth in earnings.
Bloomberg notes that India's gold import limits are currency market intervention
Submitted by cpowell on Wed, 2014-08-13 08:12 Section: Daily Dispatches8:11a ET Wednesday, August 13, 2014
Dear Friend of GATA and Gold:
Koos Jansen: Silver scarce in Shanghai
Submitted by cpowell on Tue, 2014-08-12 21:01 Section: Daily Dispatches9p ET Tuesday, August 12, 2014
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen reports tonight that silver is in backwardation in Shanghai, with metal for immediate delivery being more expensive than metal for future delivery with a premium of 8 percent:
https://www.bullionstar.com/article/shanghai%20silver%20in%20backwardation
Silver is the key to the monetary metals market, Kaye tells KWN
Submitted by cpowell on Tue, 2014-08-12 16:41 Section: Daily Dispatches4:38p ET Tuesday, August 12, 2014
Dear Friend of GATA and Gold:
Hong Kong fund manager William Kaye today tells King World News that silver is the key to the monetary metals market.
Banks wait on sidelines of new silver benchmark
Submitted by cpowell on Tue, 2014-08-12 13:11 Section: Daily DispatchesBy Neil Hume
Financial Times, London
Tuesday, August 12, 2014
http://www.ft.com/intl/cms/s/0/8bbf7968-217b-11e4-b145-00144feabdc0.html
Build it and they will come. Or that is what participants in London's $1.6 trillion-a-year silver market will be hoping.
JPMorgan joins Goldman in designing derivatives for a new generation
Submitted by cpowell on Tue, 2014-08-12 12:01 Section: Daily DispatchesBy Sridhar Natarajan and Alastair Marsh
Bloomberg News
Tuesday, August 12, 2014
http://www.bloomberg.com/news/2014-08-12/swaps-reincarnate-boosting-debt...
Derivatives that helped inflate the 2007 credit bubble are being remade for a new generation.
Gold and silver price suppression intensifies, Embry tells KWN
Submitted by cpowell on Mon, 2014-08-11 15:36 Section: Daily Dispatches3:30p ET Monday, August 11, 2014
Dear Friend of GATA and Gold:
TF Metals Report: Assessing another bank participation report
Submitted by cpowell on Mon, 2014-08-11 13:01 Section: Daily Dispatches1p ET Monday, August 11, 2014
Dear Friend of GATA and Gold:
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