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Daily Dispatches
Mark Mahaffey: Why gold production is going to go to zero
Submitted by cpowell on Wed, 2013-10-16 16:54 Section: Daily Dispatches7:53a AEST Thursday, October 17, 2013
Dear Friend of GATA and Gold:
Without much higher gold prices the gold mining industry is dead, Hinde Capital co-founder and Chief Financial Officer Mark Mahaffey writes this week, noting that the shares of many gold mining companies are down as much as 90 percent because the cost of production is higher than the metal's declining price.
Embry scoffs at Lassonde's claim that central bankers ignore gold
Submitted by cpowell on Wed, 2013-10-16 07:30 Section: Daily Dispatches10:32p AEST Wednesday, October 16, 2013
Dear Friend of GATA and Gold:
Interviewed by King World News, Sprott Asset Management's John Embry says he is astonished by mining entrepreneur and former World Gold Council Chairman Pierre Lassonde's assertion to MineWeb last week that central bankers pay no attention to gold:
Morgan seen ready to admit almost manipulating a market
Submitted by cpowell on Wed, 2013-10-16 00:43 Section: Daily DispatchesJPMorgan Expected to Admit Fault in 'London Whale' Trading Loss
By Ben Protess and Jessica Silver-Greenberg
The New York Times
Tuesday, October 15, 2013
http://dealbook.nytimes.com/2013/10/15/jpmorgan-said-to-reach-deal-with-...
Jim Rickards predicts how gold price suppression will end
Submitted by cpowell on Tue, 2013-10-15 22:22 Section: Daily Dispatches1:21p AEST Wednesday, October 16, 2013
Dear Friend of GATA and Gold:
Interviewed by Fabrice Drouin Ristori for the Goldbroker Internet site, fund manager and geopolitical strategist James G. Rickards predicts how the Western central bank gold price suppression scheme will end and what signs likely will precede it. The interview is posted at Goldbroker here:
The gold mining industry is pretty useless, Grandich laments
Submitted by cpowell on Tue, 2013-10-15 21:39 Section: Daily Dispatches12:41p AEST Wednesday, October 15, 2013
Dear Friend of GATA and Gold:
Market analyst and mining company consultant Peter Grandich today laments the gold mining industry's failure to support GATA.
Ambrose Evans-Pritchard: Watch what China does with U.S. debt, not what it says
Submitted by cpowell on Tue, 2013-10-15 21:19 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, October 15, 2013
So much for the hot rhetoric from Beijing questioning the creditworthiness of US debt and consigning the US dollar to the dustbin of history.
The latest data shows that China's foreign reserves soared by $163 billion in the third quarter to $3.66 trillion, one of the biggest jumps ever.
GLD being looted to feed Asian demand, Kaye tells KWN
Submitted by cpowell on Tue, 2013-10-15 21:12 Section: Daily Dispatches12:05p AEST Wednesday, October 16, 2013
Dear Friend of GATA and Gold:
Hong Kong-based fund manager William Kaye today tells King World News that the gold exchange-traded fund GLD is being looted to meet gold demand in Asia.
Gold premiums in India hit a record $100 per ounce
Submitted by cpowell on Tue, 2013-10-15 20:59 Section: Daily DispatchesFrom Reuters
via The Times of India, Mumbai
Tuesday, October 15, 2013
MUMBAI -- Gold premiums in India, the world's biggest buyer of the precious metal, hit a record $100 an ounce, about 8 per cent over London prices, on a shortage of supplies to meet festival demand, traders said on Tuesday.
TF Metals Report: Gold price suppression is long-documented history
Submitted by cpowell on Tue, 2013-10-15 20:43 Section: Daily Dispatches11:41a AEST Wednesday, October 16, 2013
Dear Friend of GATA and Gold:
The TF Metal Report's Turd Ferguson has discovered Ferninand Lips' 2001 book about the long history of gold price suppression by Western central banks, "Gold Wars," which, incidentally, praises GATA.
Fed, BIS not fooling major Asian gold buyers, Kaye tells King World News
Submitted by cpowell on Tue, 2013-10-15 16:28 Section: Daily Dispatches7:24a AEST Wednesday, October 15, 2013
Dear Friend of GATA and Gold:
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