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Daily Dispatches
Times of India celebrates central bank's buying gold, selling treasuries
Submitted by cpowell on Wed, 2018-11-14 09:31 Section: Daily DispatchesRising Gold Price Vindicates RBI's Investment Plan
By Gayatri Nayak
The Times of India, Mumbai
Monday, November 12, 2018
MUMBAI -- The Reserve Bank of India's gold purchase plan seems to be paying off as the monthly valuation gains have touched an eight-month high with investor demand for a safe haven rallying the yellow metal.
French president says euro is not yet an alternative to U.S. dollar
Submitted by cpowell on Tue, 2018-11-13 15:34 Section: Daily DispatchesBy Geraldine Amiel and Helene Fouquet
Bloomberg News
Sunday, November 11, 2018
French President Emmanuel Macron said that the euro is not "a clear alternative" to the dollar thanks to the U.S. currency's international "strengths."
GoldCore seeks to capitalize on Brexit with Dublin gold vault
Submitted by cpowell on Tue, 2018-11-13 15:27 Section: Daily DispatchesFrom Reuters
Tuesday, November 13, 2018
Gold broker and storage company GoldCore said today it had opened a gold vault in Dublin, aiming to attract investors looking for an alternative to London after Brexit.
Dublin-based GoldCore, which set up the facility in partnership with security firm Loomis International, said it was Ireland's first institutional-grade vault.
Mining shares have never been cheaper relative to metal, GATA chairman says
Submitted by cpowell on Tue, 2018-11-13 11:57 Section: Daily Dispatches11:59a ET Tuesday, November 13, 2018
Dear Friend of GATA and Gold:
Long-deposed monarchs' money is still good
Submitted by cpowell on Mon, 2018-11-12 18:05 Section: Daily Dispatches6:05p ET Monday, November 12, 2018
Dear Friend of GATA and Gold:
Coin and bullion dealer USAGold's November News & Views letter has been posted, with reports on central bank gold demand, record bullion bank short positions in the monetary metals, gold price predictions, and an insightful quotation from Confucius:
Banque de France wants Paris to compete with London for gold trade
Submitted by cpowell on Mon, 2018-11-12 17:05 Section: Daily DispatchesMacron Tries to Take UK's Gold Crown as Historic Rivalry Is Reborn
By Ambrose Evans-Pritchard
The Telegraph, London
Sunday, November 11, 2018
https://www.telegraph.co.uk/business/2018/11/11/macron-takes-aim-london-...
Gold confiscation is an urgent threat, Greyerz tells KWN
Submitted by cpowell on Sun, 2018-11-11 21:32 Section: Daily Dispatches9:32p ET Sunday, November 11, 2018
Dear Friend of GATA and Gold:
Swiss gold fund manager Egon von Greyerz, interviewed today by King World News, notes that gold confiscation is not a "barbarous relic" of history but an urgent threat to gold investors, what with the Bank of England refusing to repatriate Venezuela's gold.
... Dispatch continues below ...
BMG's Brandon White: Confession by ex-Morgan trader vindicates GATA
Submitted by cpowell on Fri, 2018-11-09 21:36 Section: Daily Dispatches9:41p Friday, November 9, 2018
Dear Friend of GATA and Gold:
Brandon White of bullion dealer BMG in Canada, commenting in his "This Week in 3 Minutes" video, remarks that this week's confession to gold and silver market rigging by a former trader for JPMorganChase --
http://www.gata.org/node/18598
-- is vindication for GATA.
Deutsche, other bullion banks seeking insurance with physical gold, Maguire tells KWN
Submitted by cpowell on Fri, 2018-11-09 12:07 Section: Daily Dispatches12:07p ET Friday, November 9, 2018
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, interviewed today by King World News, says Deutsche Bank and other bullion banks are buying large amounts of physical gold in pursuit of insurance against the bursting of market bubbles that were inflated in part by shorting gold. Maguire's interview is excerpted at KWN here:
Big investors sue 16 banks in U.S. over currency market rigging
Submitted by cpowell on Fri, 2018-11-09 10:14 Section: Daily DispatchesBy Jonathan Stempel
Reuters
Wednesday, November 7, 2018
NEW YORK -- A group of large institutional investors including BlackRock Inc. and Allianz SE's Pacific Investment Management Co. has sued 16 major banks, accusing them of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market.
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