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Daily Dispatches
Former Greek leader says nations mull new gold-linked SDR
Submitted by cpowell on Fri, 2014-06-06 17:29 Section: Daily Dispatches5:25p ET Friday, June 6, 2014
Dear Friend of GATA and Gold:
Interviewed by King World News, London gold fund manager Ben Davies reports a conversation in which a former prime minister of Greece acknowledged that world leaders have seriously discussed creating a reserve currency combining the International Monetary Fund's "special drawing right" with gold:
Alasdair Macleod: Asian gold strategy clarifying
Submitted by cpowell on Fri, 2014-06-06 10:07 Section: Daily Dispatches10a ET Friday, June 6, 2014
Dear Friend of GATA and Gold:
Gold is now plainly part of the Chinese and Russian plan for an Asian economic zone bigger than the Americas and European Union combined, GoldMoney's Alasdair Macleod writes today.
TF Metals Report: Expect more gold price suppression for short covering in June
Submitted by cpowell on Thu, 2014-06-05 11:51 Section: Daily Dispatches11:50a ET Thursday, June 5, 2014
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson forecasts more heavy price suppression by the gold cartel during June as it prepares to cover short positions in the futures markets:
http://www.tfmetalsreport.com/blog/5811/clarifying-picture-june
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
ECB cuts rates below zero to buoy euro-zone economy
Submitted by cpowell on Thu, 2014-06-05 08:40 Section: Daily DispatchesFrom Reuters
Thursday, June 5, 2014
FRANKFURT, Germany -- The European Central Bank cut interest rates to record lows on Thursday, imposing negative rates on its overnight depositors to cajole banks into lending more and to fight off the risk of Japan-like deflation.
ETF Securities enters race to provide silver price benchmark
Submitted by cpowell on Wed, 2014-06-04 18:07 Section: Daily DispatchesBy Xan Rice
Financial Times, London
Wednesday, June 4, 2014
http://www.ft.com/intl/cms/s/0/e8fdeabc-ebe6-11e3-8cef-00144feabdc0.html
One of the biggest providers of exchange traded funds has entered the race to develop a new global silver price benchmark when the 117-year-old London silver fix is disbanded in August.
Ecuador used gold reserves for Goldman Sachs loan collateral
Submitted by cpowell on Wed, 2014-06-04 17:55 Section: Daily DispatchesBy Nathan Gill
Bloomberg News
Wednesday, June 4, 2014
http://www.bloomberg.com/news/2014-06-04/ecuador-used-gold-for-goldman-s...
What if people ever started asking about rehypothecated gold?
Submitted by cpowell on Wed, 2014-06-04 11:55 Section: Daily DispatchesChinese Port Stops Metal Shipments Due to Probe, Trade Sources Say
By Melanie Burton
Reuters
Monday, June 2, 2014
SYDNEY, Australia -- China's northeastern port of Qingdao has halted shipments of aluminium and copper due to an investigation by authorities, causing concern among bankers and trade houses financing the metals, trading and warehousing sources said on Monday.
GATA's Ed Steer discusses gold price suppression at Vancouver conference
Submitted by cpowell on Wed, 2014-06-04 11:32 Section: Daily Dispatches11:30a ET Wednesday, June 4, 2014
Dear Friend of GATA and Gold:
Embry, Leeb at KWN; Sprott 'connects the dots' for gold
Submitted by cpowell on Tue, 2014-06-03 21:42 Section: Daily Dispatches9:35p ET Tuesday, June 3, 2014
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry tells King World News that the investment banks that are helping to suppress the gold price are active in the gold mining company share market as well:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/6/3_Joh...
Banks routinely rigged gold fix to defend their positions, Financial Times reports
Submitted by cpowell on Tue, 2014-06-03 13:12 Section: Daily DispatchesTrading to Influence Gold Price Fix Was 'Routine'
By Xan Rice
Financial Times, London
Tuesday, June 3, 2014
http://www.ft.com/intl/cms/s/0/7fd97990-eb08-11e3-9c8b-00144feabdc0.html
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