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Daily Dispatches
Indian gold imports fell 25% over year -- not counting smuggling, of course
Submitted by cpowell on Fri, 2014-07-25 11:57 Section: Daily DispatchesGold Imports Stood at 638 Tonnes in 2013-14
By the Press Trust of India
via Financial Express, New Delhi
Friday, July 25, 2014
http://www.financialexpress.com/news/gold-imports-stood-at-638-tonnes-in...
Gold imports in 2013-14 stood at 638 tonnes, a decline of 25 per cent over the previous fiscal year, Parliament was informed today.
Gold price suppression elicits more notice
Submitted by cpowell on Fri, 2014-07-25 11:43 Section: Daily Dispatches11:42p ET Friday, July 25, 2014
Dear Friend of GATA and Gold:
Evidence of gold price suppression ahead of futures contract options expiration abounds and is remarked upon by today's commentary by GoldCore's Mark O'Byrne --
https://www.goldcore.com/goldcore_blog/Gold_Lockdown_Until_Options_Expir...
The strange case of Germany's gold -- an interview with Peter Boehringer
Submitted by cpowell on Fri, 2014-07-25 11:27 Section: Daily Dispatches11:26a ET Friday, July 25, 2014
Dear Friend of GATA and Gold:
Interviewed by Andrew Schiff for the summer edition of Euro-Pacific Capital's Global Investor Newsletter, Peter Boehringer of the campaign to repatriate Germany's gold reserves explains how the recent Bloomberg News report on the issue was so misleading and elaborates on the fraud of the fractional-reserve gold banking system.
Markets are at unprecedented extremes, Kaye tells KWN
Submitted by cpowell on Thu, 2014-07-24 21:45 Section: Daily Dispatches9:45p ET Thursday, July 24, 2014
Dear Friend of GATA and Gold:
Hong Kong fund manager William Kaye today tells King World News that markets are at unprecedented extremes and so he is hesitant to make predictions but thinks gold and silver will rebound after futures options expiration next week:
Lawsuit charges that half of Chicago futures are illegal 'wash' trades
Submitted by cpowell on Thu, 2014-07-24 21:34 Section: Daily Dispatches9:34p ET Thursday, July 24, 2014
Dear Friend of GATA and Gold:
Jim Sinclair calls attention to a report by Pam Martens of Wall Street on Parade about a lawsuit charging that half of all futures trades on the Chicago Mercantile Exchange are illegal "wash" trades, trades in which the buyer and seller are essentially the same party:
So what if there's no gold if people are happy to take paper and electrons?
Submitted by cpowell on Thu, 2014-07-24 13:46 Section: Daily Dispatches1:48p ET Thursday, July 24, 2014
Dear Friend of GATA and Gold:
Gold fund manager Egon von Greyerz, interviewed today by King World News, notes that gold deposit discoveries have collapsed and that the time required for turning a deposit into a mine has lengthened. Von Greyerz argues that this foretells much higher gold prices.
U.S. gold ETF delivers first physical bullion coins; holdings grow
Submitted by cpowell on Thu, 2014-07-24 00:44 Section: Daily DispatchesBy Frank Tang
Reuters
Wednesday, July 23, 2014
NEW YORK -- Merk Gold Trust, a bullion-backed exchange-traded fund that allows its shares to be redeemed for physical gold, said on Wednesday it has made its first delivery in dozens of U.S. gold coins to an investor.
U.K. hastens negotiations for currency-rigging settlement
Submitted by cpowell on Wed, 2014-07-23 14:29 Section: Daily DispatchesBy Lindsay Fortado, Suzi Ring, and Gavin Finch
Bloomberg News
Wednesday, July 23, 2014
http://www.bloomberg.com/news/2014-07-23/u-k-fca-said-to-near-fx-rigging...
Pento sees QE cycle repeating; Rule finds resource prices surprisingly strong
Submitted by cpowell on Wed, 2014-07-23 14:19 Section: Daily Dispatches2:15p ET Wednesday, July 23, 2014
Dear Friend of GATA and Gold:
Fund manager Michael Pento predicts to King World News that when the Federal Reserve stops "quantitative easing," there will be a crash in asset prices and then the Fed will start up QE all over again:
The revolving door in U.S. government regulation has never spun faster
Submitted by cpowell on Wed, 2014-07-23 14:12 Section: Daily DispatchesU.S. Swaps Regulator O'Malia to Head Bank Lobby Group
By Douwe Miedema and Michelle Price
Reuters
Wednesday, July 23, 2014
A member of the U.S. Commodity Futures Trading Commission will become the new head of a bank lobby group that is fighting the derivatives regulator in court over a crucial new rule curtailing Wall Street.
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