Daily Dispatches

U.S. bristles at China's infringement of its monopoly on currency market rigging

Submitted by cpowell on Tue, 2014-04-08 03:32 Section: Daily Dispatches

US Warns China After Renminbi Depreciation

By Robin Harding and Josh Noble
Financial Times, London
Tuesday, April 8, 2014

The US has warned Beijing not to go back to manipulating its currency, following a sharp depreciation of the renminbi since the start of 2014.

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Fed gives banks extra time for compliance with Volcker Rule

Submitted by cpowell on Mon, 2014-04-07 22:20 Section: Daily Dispatches

By Gina Chon
Financial Times, London
Monday, April 7, 2014

WASHINGTON -- The Federal Reserve granted a fresh concession to banks that are subject to the Volcker rule on Monday, giving them two more years to offload their holdings in collateralised loan obligations to comply with the measure.

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At KWN, Turk cites gold backwardation, Embry cites gold lockdown

Submitted by cpowell on Mon, 2014-04-07 22:16 Section: Daily Dispatches

10:15a HKT Tuesday, April 8, 2014

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk today tells King World News about the growing backwardation in the gold market as central bank intervention increasingly distorts all major markets:

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Tocqueville's Hathaway says London probe could scare off investors

Submitted by cpowell on Mon, 2014-04-07 12:30 Section: Daily Dispatches

By Francesa Freeman
The Wall Street Journal
Monday, April 7, 2014

Investigations into the London gold fix could scare institutional investors away from the metal, according the head of one of the world's largest investors in gold and precious metals mining shares.

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India's central bank eases gold import restrictions and their repeal is expected

Submitted by cpowell on Mon, 2014-04-07 12:05 Section: Daily Dispatches

12:02a HKT Tuesday, April 8, 2014

Dear Friend of GATA and Gold:

Resource Investor's Paul Ploumis reports that the Reserve Bank of India has authorized five more banks to import gold into the country and that the new government being elected this week is expected to get rid of gold import restrictions entirely:

http://www.resourceinvestor.com/2014/04/07/gold-premiums-tumble-in-india

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Koos Jansen: A close look at gold and silver demand in India

Submitted by cpowell on Mon, 2014-04-07 10:48 Section: Daily Dispatches

10:45p HKT Monday, April 7, 2014

Dear Friend of GATA and Gold:

Gold researcher and GATA consultant Koos Jansen today takes a close look at gold and silver demand in India, where silver demand has been breaking records because of the government's tighter restrictions on gold imports. His commentary is posted at his Internet site, In Gold We Trust, here:

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J.S. Kim: High-frequency trading's bigger offense is gold and silver price suppression

Submitted by cpowell on Mon, 2014-04-07 09:08 Section: Daily Dispatches

9p HKT Monday, April 7, 2014

Dear Friend of GATA and Gold:

Read more about J.S. Kim: High-frequency trading's bigger offense is gold and silver price suppression

Dark markets may be more harmful than high-frequency trading

Submitted by cpowell on Sun, 2014-04-06 22:56 Section: Daily Dispatches

By John McCrank
Reuters
Sunday, April 6, 2014

Fears that high-speed traders have been rigging the U.S. stock market went mainstream last week thanks to allegations in a book by financial author Michael Lewis, but there may be a more serious threat to investors: the increasing amount of trading that happens outside of exchanges.