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Daily Dispatches
Another day, another currency market rigging
Submitted by cpowell on Fri, 2011-10-21 23:51 Section: Daily DispatchesJapan Says It Will Act Decisively on Excessive Forex Moves
By Rie Ishiguro
Reuters
Friday, October 21, 2011
http://www.reuters.com/article/2011/10/22/us-japan-economy-azumi-idUSTRE...
Thom Calandra: Yukon gold juniors bloodied but expected to bounce
Submitted by cpowell on Fri, 2011-10-21 22:53 Section: Daily Dispatches10:50p ET Friday, October 21, 2011
Dear Friend of GATA and Gold:
Sean Corrigan: Value can't be calculated after governments wreck markets
Submitted by cpowell on Fri, 2011-10-21 22:25 Section: Daily Dispatches10:32p ET Friday, October 21, 2011
Dear Friend of GATA and Gold:
Interviewing Sean Corrigan of Diapason Commodities Management in Lausanne, Switzerland, GoldMoney gets a wonderful comment along the lines of GATA's old complaint: "There are no markets anymore, just interventions." (http://www.gata.org/node/6242.) Asked how to determine whether gold is over- or undervalued, Corrigan remarks:
Gillian Tett in the Financial Times: It would be foolish to deride or ignore GATA
Submitted by cpowell on Fri, 2011-10-21 21:26 Section: Daily DispatchesIs There a Shadowy Plot Behind Gold?
The Idea of a Central Bank Manipulating World Markets
Packs an Increasingly Powerful Emotional Punch with Voters
By Gillian Tett
Financial Times, London
Friday, October 21, 2011
http://www.ft.com/intl/cms/s/2/90effa18-faa3-11e0-8fe7-00144feab49a.html
Why such a manipulated and covert gold market?, Rickards asks
Submitted by cpowell on Fri, 2011-10-21 16:30 Section: Daily Dispatches4:25p ET Friday, October 21, 2011
Dear Friend of GATA and Gold:
Interviewed today by King World News, geopolitical analyst James G. Rickards laments the surreptitiousness and manipulativeness of the gold market. "Why do we have such a non-transparent, manipulated, covert system?," Rickards asks. "Why don't we have something that's more normal."
Russian central bank acquiring 'huge volumes' of gold
Submitted by cpowell on Fri, 2011-10-21 16:09 Section: Daily DispatchesFrom Reuters
Thursday, October 20, 2011
http://www.reuters.com/article/2011/10/20/russia-reserves-gold-idUSL5E7L...
MOSCOW -- The Russian central bank will continue raising the share of gold in its gold and foreign exchange reserves, the central bank First Deputy Chairman Alexei Ulyukayev said on Thursday.
Market manipulation and the second Great Depression
Submitted by cpowell on Fri, 2011-10-21 15:56 Section: Daily Dispatches3:45p ET Friday, October 21, 2011
Dear Friend of GATA and Gold:
Chris Powell: Where in the world is the gold?
Submitted by cpowell on Fri, 2011-10-21 15:39 Section: Daily DispatchesRemarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
Fall Dinner Meeting
Committee for Monetary Research and Education
Union League Club
New York, N.Y.
Thursday, October 20, 2011
Long wait for silver delivery in manipulated market, trader tells King World News
Submitted by cpowell on Fri, 2011-10-21 15:04 Section: Daily Dispatches3p ET Friday, October 21, 2011
Dear Friend of GATA and Gold (and Silver):
Silver supplies are tight, there are long waits for delivery, and market participants increasingly realize that the silver futures market is manipulated and has little bearing on the price of real metal, the King World News London trader source reports today:
Tocqueville's Hathaway muses about intervention against gold
Submitted by cpowell on Thu, 2011-10-20 23:48 Section: Daily Dispatches11:42p ET Thursday, October 20, 2011
Dear Friend of GATA and Gold:
Interviewed today by King World News, Tocqueville Gold Fund manager John Hathaway muses that central bank intervention against gold may have been undertaken to defend negotiations for more sovereign bailouts. You can find an excerpt from the interview at the King World News blog here:
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