Daily Dispatches

Contrarian play for GLD will strain gold supply, Sprott tells KWN

Submitted by cpowell on Fri, 2014-02-07 21:29 Section: Daily Dispatches

11:30p SRT Friday, February 7, 2014

Dear Friend of GATA and Gold:

Buying of shares of the gold exchange-traded fund GLD likely will increase this year as a contrarian play and put serious strain on the world gold supply, Sprott Asset Management's Eric Sprott tells King World News today, adding that the U.S. gold reserve is likely depleted:

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'Gold cartel' author Dimitri Speck interviewed about market manipulation

Submitted by cpowell on Fri, 2014-02-07 15:50 Section: Daily Dispatches

3:46p SRT Friday, February 7, 2014

Dear Friend of GATA and Gold:

European fund manager, gold market researcher, and GATA consultant Dimitri Speck, author of the new book "The Gold Cartel," was interviewed this week by financial journalist Dominic Frisby about manipulation of the gold market by central banks. The interview is 22 minutes long and can be heard here:

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Bank of England staff said to have condoned FX market rigging

Submitted by cpowell on Fri, 2014-02-07 14:35 Section: Daily Dispatches

Bank of England Staff Said to Have Condoned Currency Traders' Conduct

By Suzi Ring, Gavin Finch, and Liam Vaughan
Bloomberg News
Friday, February 7, 2014

http://www.bloomberg.com/news/2014-02-07/boe-staff-said-to-have-condoned...

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Is Bundesbank repatriating only 1 tonne per week for the next six years?

Submitted by cpowell on Fri, 2014-02-07 10:48 Section: Daily Dispatches

1:06p SRT Friday, February 7, 2014

Dear Friend of GATA and Gold:

Here's something regarding yesterday's German Press Agency report quoting the Bundesbank as saying that small shipments repatriating Germany's gold from the Federal Reserve Bank of New York are "preferred for security reasons" --

http://www.gata.org/node/13606

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Germany's high court suspects that ECB bond buying is illegal

Submitted by cpowell on Fri, 2014-02-07 09:51 Section: Daily Dispatches

German Court Warns There Are 'Important Reasons to Assume' ECB Bond Buying Is Illegal

By Bruno Waterfield
The Telegraph, London
Friday, February 7, 2014

Germany's constitutional court has warned that it has "important reasons" to rule against the European Central Bank's promise to buy unlimited government bonds in order to save the euro.