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Daily Dispatches
GATA chairman discusses confession by ex-JPM trader
Submitted by cpowell on Sat, 2018-11-24 09:33 Section: Daily Dispatches9:34a ET Saturday, November 24, 2018
Dear Friend of GATA and Gold:
In an interview with Chris Marcus for StockPulse and Miles Franklin, GATA Chairman Bill Murphy discusses the confession to monetary metals market rigging by a former trader for JPMorganChase. Murphy also discusses the Bank of England's refusal to repatriate Venezuela's gold as well as the prospects for silver.
Citigroup, JPMorgan to pay $182.5 million to settle rate-rigging lawsuit
Submitted by cpowell on Fri, 2018-11-23 12:36 Section: Daily DispatchesBy Jonathan Stempel
Reuters
Friday, November 23, 2018
NEW YORK -- Citigroup Inc and JPMorgan Chase & Co will pay $182.5 million to settle U.S. investor litigation claiming they violated antitrust law by conspiring with other banks to rig a key European interest rate benchmark.
Support GATA by subscribing to The Calandra Report
Submitted by cpowell on Thu, 2018-11-22 09:12 Section: Daily Dispatches11:19a ET Thursday, November 22, 2018
Dear Friend of GATA and Gold:
Our longtime friend the intrepid world-traveling market analyst Thom Calandra, publisher of The Calandra Report financial letter, is generously offering GATA supporters a deeply discounted one-year subscription offer in which half the price will be donated to GATA.
Ronan Manly: LBMA 'trading data' is empty, suggests removal of central bank activity
Submitted by cpowell on Wed, 2018-11-21 10:24 Section: Daily Dispatches10:23a ET Wednesday, November 21, 2018
Dear Friend of GATA and Gold:
Indispensable gold market analyst Ronan Manly, writing for Bullion Star today, writes that the London Bullion Market's new trading data report contains no trading data at all but does contain an anomaly suggesting that central bank trading has been erased from the data.
JPMorgan metals rigging probe prompts U.S. to seek delay in civil suit
Submitted by cpowell on Wed, 2018-11-21 10:06 Section: Daily DispatchesBy Chris Dolmetsch
Bloomberg News
Tuesday, November 20, 2018
The Justice Department's investigation of manipulation in the precious-metals markets at JPMorgan Chase & Co. spurred prosecutors to ask a judge to delay a civil lawsuit focusing on similar misconduct.
Craig Hemke at Sprott Money: Another great oxymoron -- LBMA 'transparency'
Submitted by cpowell on Tue, 2018-11-20 20:38 Section: Daily Dispatches8:38p ET Tuesday, November 20, 2018
Dear Friend of GATA and Gold:
London gold market data published today by the London Bullion Market Association, the TF Metal Report's Craig Hemke writes at Sprott Money, demonstrates what a fraud the market is, as it purports to trade every day more than a third of the world's annual gold production and 42 percent of annual silver production.
London gold market comes clean: It's not as big as thought
Submitted by cpowell on Tue, 2018-11-20 20:13 Section: Daily DispatchesBy Eddie van der Walt, Rupert Rowling, and Anna Edwards
Bloomberg News
Tuesday, November 20, 2108
London's gold market owned up to the biggest secret in bullion: It's not as big as some thought and, for last week at least, smaller than New York's.
Chilton says CFTC found much evidence of silver rigging; Schiff calls rigging 'rumor'
Submitted by cpowell on Tue, 2018-11-20 10:58 Section: Daily Dispatches11:03a ET Tuesday, November 20, 2018
Dear Friend of GATA and Gold:
Bitcoin-rigging criminal probe focused on tie to Tether
Submitted by cpowell on Tue, 2018-11-20 10:10 Section: Daily DispatchesBy Matt Robinson and Tom Schoenberg
Bloomberg News
Tuesday, November 20, 2018
As Bitcoin plunges, the U.S. Justice Department is investigating whether last year's epic rally was fueled in part by manipulation, with traders driving it up with Tether -- a popular but controversial digital token.
Bitcoin for payments a distant dream as use dries up
Submitted by cpowell on Tue, 2018-11-20 10:06 Section: Daily DispatchesBy Tom Wilson
Reuters
Tuesday, November 20, 2018
LONDON -- The use of bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfill one of the basic features of any payment currency: stability.
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