Daily Dispatches

Gold liquidation arises from bullion bank-controlled ETFs, fund manager Kaye says

Submitted by cpowell on Tue, 2013-07-09 21:49 Section: Daily Dispatches

9:45p ET Tuesday, July 9, 2013

Dear Friend of GATA and Gold:

Hong Kong fund manager William Kaye tonight gives King World News powerful evidence that the supposed bear market in gold is simply a liquidation of exchange-traded funds by the bullion banks that control them.

Read more about Gold liquidation arises from bullion bank-controlled ETFs, fund manager Kaye says

Updates on the Indian government's war against gold

Submitted by cpowell on Tue, 2013-07-09 15:27 Section: Daily Dispatches

3:25p ET Tuesday, July 9, 2013

Dear Friend of GATA and Gold:

New obstructions to the gold trade imposed by the government of India have cut officially reported imports by 86 percent, a major Indian gold dealer tells Bull Market Thinking's Tekoa Da Silva today:

Read more about Updates on the Indian government's war against gold

Bill Kaye: Hong Kong recasts Western central bank gold for Asia

Submitted by cpowell on Tue, 2013-07-09 13:40 Section: Daily Dispatches

1:41p ET Tuesday, July 9, 2013

Dear Friend of GATA and Gold:

Gold leased from Western central banks and carrying their hallmarks is entering Hong Kong for melting, refining, and recasting into gold for the People's Bank of China and other Asian buyers, Hong Kong fund manager William Kaye tells King World News today.

Read more about Bill Kaye: Hong Kong recasts Western central bank gold for Asia

Jaco Schipper: Zijlstra's legacy and the 21st-century renaissance of gold

Submitted by cpowell on Tue, 2013-07-09 10:03 Section: Daily Dispatches

10a ET Tuesday, July 9, 2013

Dear Friend of GATA and Gold:

Read more about Jaco Schipper: Zijlstra's legacy and the 21st-century renaissance of gold

Pat Heller: Where's the gold?

Submitted by cpowell on Tue, 2013-07-09 09:56 Section: Daily Dispatches

9:50a ET Tuesday, July 9, 2013

Dear Friend of GATA and Gold:

Writing for Coin Week, Patrick A. Heller of Liberty Coin Service in Lansing, Michigan, enumerates a few facts suggesting deceit and manipulation in the gold market. Heller's commentary is headlined "Where's the Gold?" and it's posted at Coin Week here:

http://www.coinweek.com/bullion-report/wheres-the-gold/

Read more about Pat Heller: Where's the gold?

Zero Hedge: Gold GOFO rates turn negative for first time since Lehman

Submitted by cpowell on Tue, 2013-07-09 08:28 Section: Daily Dispatches

8:22a ET Tuesday, July 9, 2013

Dear Friend of GATA and Gold:

Zero Hedge offers evidence of unusual strain in the gold market, the most strain in five years. Zero Hedge speculates that the strain may arise from:

"-- An ETF-induced repricing of paper and physical gold.

"-- Ongoing deliverable concerns and/or shortages involving one (JPM) or more Comex gold members.

Read more about Zero Hedge: Gold GOFO rates turn negative for first time since Lehman

Central planners losing control of bond and gold markets, Turk tells KWN

Submitted by cpowell on Mon, 2013-07-08 18:25 Section: Daily Dispatches

6:15p ET Monday, July 8, 2013

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk today tells King World News that the central planners are losing control of both the bond market, where interest rates are rising despite QEternity, and the gold market, which has gone into backwardation. An excerpt from Turk's commentary is posted at the King World News blog here:

Read more about Central planners losing control of bond and gold markets, Turk tells KWN

Turd Ferguson: Fed's minions have gotten out from under their gold shorts

Submitted by cpowell on Mon, 2013-07-08 17:38 Section: Daily Dispatches

5:35p ET Monday, July 8, 2013

Dear Friend of GATA and Gold:

Market analyst Turd Ferguson of the TF Metals Report today examines the latest reports on futures trader positions in gold and silver and is astounded by the reversal in stance of the big banks allied with the Federal Reserve.