Daily Dispatches

Fed reconsiders letting banks trade commodities

Submitted by cpowell on Fri, 2013-07-19 23:28 Section: Daily Dispatches

Fed Rethinks Move Allowing Banks to Trade Physical Commodities

By David Sheppard and Josephine Mason
Reuters
Friday, July 19, 2013

http://www.reuters.com/article/2013/07/19/federalreserve-commodities-ban...

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Maguire sees devastation ahead for gold shorts

Submitted by cpowell on Fri, 2013-07-19 21:24 Section: Daily Dispatches

9:25p ET Friday, July 19, 2013

Dear Friend of GATA and Gold:

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Reuters notices gold backwardation and even quotes Naylor-Leyland

Submitted by cpowell on Fri, 2013-07-19 16:14 Section: Daily Dispatches

Gold Futures Hiccup Indicates Demand Outpacing Supply

By Mike Kentz
Reuters
Friday, July 19, 2013

A dislocation in the gold futures market indicating that demand for physical delivery of the metal is now far outweighing supply has intensified in recent weeks, increasing concern in the market that the change may not be a momentary blip and participants may have become over-leveraged.

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Price smash just made things worse for gold banking system, Maguire says

Submitted by cpowell on Fri, 2013-07-19 14:16 Section: Daily Dispatches

2:14p ET Friday, July 19, 2013

Dear Friend of GATA and Gold:

London gold and silver trader and silver market rigging whistleblower Andrew Maguire tells King World News today that the recent gold price smash has increased demand so much as to endanger the whole fractional-reserve gold banking system. An excerpt from the interview is posted at the King World News blog here:

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For first time in nine months, Russia's central bank buys no gold

Submitted by cpowell on Fri, 2013-07-19 11:21 Section: Daily Dispatches

11:22a ET Friday, July 19, 2013

Dear Friend of GATA and Gold:

Reuters reports today that for the first time in nine months, Russia's central bank bought no gold in June and "the bank declined to comment on the reason":

http://www.reuters.com/article/2013/07/19/russia-cbank-gold-idUSL6N0FP1N...

Could it be that Russia now considers gold a wasting asset?

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Grant Williams at KWN: Paper shorting will lead to spectacular rise in gold

Submitted by cpowell on Fri, 2013-07-19 00:36 Section: Daily Dispatches

12:35a ET Friday, July 19, 2013

Dear Friend of GATA and Gold:

Writing exclusively for King World News, Grant Williams of the "Things That Make You Go Hmmm...." letter says a short squeeze in gold following a flood of paper short selling like that of April is likely to be spectacular. His commentary is posted at the King World News blog here:

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Arensberg sees potential for 'epic short-covering surge' in gold

Submitted by cpowell on Thu, 2013-07-18 23:58 Section: Daily Dispatches

11:55p ET Thursday, July 18, 2013

Dear Friend of GATA and Gold:

Gene Arensberg's latest edition of the Got Gold Report examines the extreme shorting of gold by speculative traders who don't have any metal to deliver. Arensberg senses the potential for what he calls "an epic short-covering surge." The GGR is posted here: