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Daily Dispatches
Miners will need $3,000 gold price to be profitable, WGC head says
Submitted by cpowell on Tue, 2012-05-15 09:42 Section: Daily DispatchesFrom Reuters
Monday, May 14, 2012
http://www.reuters.com/article/2012/05/15/peru-mining-wgc-idUSL1E8GF0AR2...
Sharp increases in mining costs mean gold will need to reach $3,000 an ounce in five years for the industry to stay profitable, World Gold Council chief executive Aram Shishmanian said on Monday.
Commodity Online withdraws IMF gold purchase report
Submitted by cpowell on Tue, 2012-05-15 09:32 Section: Daily Dispatches9:30a ET Tuesday, May 15, 2012
Dear Friend of GATA and Gold:
Commodity Online has withdrawn its report, dispatched to you yesterday (http://www.gata.org/node/11357), that the International Monetary Fund plans to buy $2 billion in gold. "Instead," Commodity Online says, "the IMF has stated only that it plans to increase its reserves." Commodity Online's correction is posted here:
Inflation will always be chosen over austerity, Leeb tells King World News
Submitted by cpowell on Mon, 2012-05-14 16:45 Section: Daily Dispatches4:45p ET Monday, May 14, 2012
Dear Friend of GATA and Gold:
Ron Paul: Get government out of the money business
Submitted by cpowell on Mon, 2012-05-14 15:39 Section: Daily DispatchesBy U.S. Rep. Ron Paul
Monday, May 14, 2012
http://paul.house.gov/index.php?option=com_content&view=article&id=1973:...
Andrew Hepburn: Charlie Munger vs. gold, history, and himself
Submitted by cpowell on Mon, 2012-05-14 15:31 Section: Daily Dispatches3:25p ET Monday, May 14, 2012
Dear Friend of GATA and Gold:
German Parliament wants accounting of gold reserves; Bundesbank resisting
Submitted by cpowell on Mon, 2012-05-14 14:34 Section: Daily DispatchesGerman Bundestag Examines Assesment of Gold Reserves
From Reuters
via Die Welt, Berlin
Monday, May 14, 2012
http://www.welt.de/finanzen/article106305876/Bundestag-prueft-Bewertung-...
Translation by Lars Schall
Pat Heller: U.S. govt. agency is specifically authorized to rig gold market
Submitted by cpowell on Mon, 2012-05-14 13:58 Section: Daily Dispatches1:50p ET Monday, May 14, 2012
Dear Friend of GATA and Gold:
The new commentary at Coin Week by Patrick A. Heller of Liberty Coin Service in Lansing, Michigan, is a reminder that the U.S. government has a secretive financial agency, the Exchange Stabilization Fund, specifically authorized by statute to manipulate the gold market in the name of regulating the value of the dollar.
JPM's derivatives blowup vindicates Sinclair, Embry tells King World News
Submitted by cpowell on Mon, 2012-05-14 13:45 Section: Daily Dispatches1:45p ET Monday, May 14, 2012
Dear Friend of GATA and Gold:
India likely intervened in forex market to support rupee
Submitted by cpowell on Mon, 2012-05-14 09:32 Section: Daily DispatchesBy Sudeep Jain and Nupur Acharya
The Wall Street Journal
Monday, May 14, 2012
http://online.wsj.com/article/SB1000142405270230419270457740368024856961...
MineWeb: Indian government aims to 'throttle' gold demand
Submitted by cpowell on Mon, 2012-05-14 09:26 Section: Daily Dispatches9:22a ET Monday, May 14, 2012
Dear Friend of GATA and Gold:
MineWeb's Shivom Seth reports that the Indian government is considering issuance of gold bonds to strengthen the rupee and "throttle" gold imports. The MineWeb story says:
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