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Daily Dispatches
Gold industry resistant to price benchmark replacement, hearing finds
Submitted by cpowell on Mon, 2014-07-07 14:41 Section: Daily DispatchesBy Clara Denina
Reuters
Monday, July 7, 2014
LONDON -- Gold producers and consumers are resistant to a wholesale redesign of the existing price setting benchmark known as the "fix" despite increasing regulatory glare, a discussion held by the World Gold Council found on Monday.
Using CPI to price gold: Garbage in, garbage out
Submitted by cpowell on Mon, 2014-07-07 14:24 Section: Daily Dispatches2:21p ET Monday, July 7, 2014
Dear Friend of GATA and Gold:
Financial letter writer Mark Hulbert comes close to the bottom of the barrel with his latest commentary bashing gold, lauding a Duke University finance professor for his gold price prediction formula based on ... the Consumer Price Index.
New York Sun: Krugman's last hurrah?
Submitted by cpowell on Mon, 2014-07-07 13:58 Section: Daily Dispatches1:58p ET Monday, July 7, 2014
Dear Friend and GATA and Gold:
Koos Jansen: China's central bank doesn't buy gold on Shanghai exchange
Submitted by cpowell on Sun, 2014-07-06 22:29 Section: Daily Dispatches10:25p ET Sunday, July 6, 2014
Dear Friend of GATA and Gold:
Gold miners will return to net hedging in 2014, GFMS says
Submitted by cpowell on Sun, 2014-07-06 22:01 Section: Daily DispatchesBy Jan Harvey
Reuters
Friday, July 4, 2014
Gold producers will return to net hedging for the first time since 2011 this year, GFMS analysts at Thomson Reuters said on Friday, after Polyus Gold this week announced a two-year progamme to sell gold forward. ...
Central banks now rig all asset prices, Stockman says
Submitted by cpowell on Sun, 2014-07-06 18:18 Section: Daily Dispatches6:18p ET Sunday, June 6, 2014
Dear Friend of GATA and Gold:
Former U.S. Rep. and U.S. budget director David Stockman, interviewed by the Mises Institute about his new book, "The Great Deformation: The Corruption of Capitalism in America," earns his tinfoil hat with a denunciation of the Federal Reserve.
France lashes out at dollar dominance in international transactions
Submitted by cpowell on Sun, 2014-07-06 17:54 Section: Daily DispatchesBy Michael Stothard
Financial Times, London
Sunday, July 6, 2014
http://www.ft.com/intl/cms/s/0/883e7912-0513-11e4-b098-00144feab7de.html
AIX-EN-PROVENCE, France -- France's political and business establishment has hit out against the hegemony of the dollar in international transactions after US authorities fined BNP Paribas $9 billion for helping countries avoid sanctions.
London's scandal-hit gold price fixing under spotlight this week
Submitted by cpowell on Sun, 2014-07-06 17:42 Section: Daily DispatchesBy Jessica Berthereau
Agence France-Presse
via Yahoo News
Sunday, July 6, 2014
http://news.yahoo.com/londons-scandal-hit-gold-price-fixing-under-spotli...
LONDON -- London's century-old process for fixing gold prices, tainted by a rigging scandal and attacked by critics as old-fashioned, goes under the spotlight this week in key talks aimed at modernising the process.
Koos Jansen: China's half-year gold demand hits 947 tonnes
Submitted by cpowell on Sun, 2014-07-06 11:57 Section: Daily Dispatches11:55a ET Sunday, July 6, 2014
Dear Friend of GATA and Gold:
No more market crashes -- and no more markets either
Submitted by cpowell on Sun, 2014-07-06 11:26 Section: Daily Dispatches11:47a ET Sunday, July 6, 2014
Dear Friend of GATA and Gold:
Huge divergences in traditional economic relationships are showing up all over the place and evoking much comment and analysis.
Writing at King World News, Ronald-Peter Stoferle of Incrementum AG in Liechtenstein identifies some and suggests that they foretell a stock market crash: