Daily Dispatches

Shilling for Bundesbank, FT avoids key questions about gold

Submitted by cpowell on Sat, 2017-11-11 10:29 Section: Daily Dispatches

10:34a ET Saturday, November 11, 2017

Dear Friend of GATA and Gold:

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Mysterious gold trades of 4 million ounces spur price plunge

Submitted by cpowell on Fri, 2017-11-10 19:02 Section: Daily Dispatches

It seems that the central banks are no longer afraid of being seen keeping gold down -- that their power has waned so much that they need to be seen to scare investors more.

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By Luzi-Ann Javier
Bloomberg News
Friday, November 10, 2017

Trades that moved about 4 million ounces of gold in a matter of minutes awakened the precious metal from its slumber.

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CNBC can't understand gold's sudden drop today

Submitted by cpowell on Fri, 2017-11-10 12:47 Section: Daily Dispatches

Any journalist who really wants to understand it might review the material here --

http://www.gata.org/node/17751

-- and then call the Bank for International Settlements in Basel, Switzerland, at +41-61-280-8080 and ask for the gold swaps and leases department.

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Gold Just Dropped in Sudden Move Lower

By John Melloy and Fred Imbert
CNBC, New York

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Ned Naylor-Leyland: Oppose takeover of CEF to prevent banks from raiding its gold

Submitted by cpowell on Fri, 2017-11-10 12:29 Section: Daily Dispatches

12:33p ET Friday, November 10, 2017

Dear Friend of GATA and Gold:

Old Mutual gold and silver fund manager Ned Naylor-Leyland today explains why he opposes Sprott Asset Management's long-running bid to acquire the Central Fund of Canada gold fund -- in part to keep CEF's gold from being raided by investment banks for covering their short positions.

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Gold investors hold their nerve while stock markets fly

Submitted by cpowell on Fri, 2017-11-10 11:45 Section: Daily Dispatches

By Jan Harvey
Reuters
Friday, November 10, 2017

LONDON -- Gold’s resilience in the face of soaring equities and a dramatic fall in demand this year points to underlying confidence in the metal among investors unconvinced by this autumn's scorching stock market rally.

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Alasdair Macleod: Cryptos may destabilize fiat currency

Submitted by cpowell on Thu, 2017-11-09 20:04 Section: Daily Dispatches

8:04p ET Thursday, November 9, 2017

Dear Friend of GATA and Gold:

Bitcoin and other cryptocurrencies are a bubble, GoldMoney research director Alasdair Macleod writes today, but potentially the ultimate bubble and they may have a fantastic distance yet to run, potentially cannibalizing government currencies and generating vast price inflation before governments try to strike them down.

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Third-quarter gold demand slides to eight-year low, World Gold Council says

Submitted by cpowell on Thu, 2017-11-09 07:18 Section: Daily Dispatches

By Jan Harvey
Reuters
Thursday, November 9, 2017

LONDON -- Gold demand slid to its lowest in eight years in the last quarter as jewelry buying fell and inflows into bullion-backed exchange traded funds dried up, data from the World Gold Council showed today.

Overall demand fell 9 percent to 915 tonnes, its weakest since the third quarter of 2009, the WGC said.