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Daily Dispatches
LIBOR to end in 2021 as regulator says bank benchmark is untenable
Submitted by cpowell on Thu, 2017-07-27 07:23 Section: Daily DispatchesBy Suzi Ring
Bloomberg News
Thursday, July 27, 2017
Libor, the benchmark underpinning more than $350 trillion of financial products, will be phased out by the end of 2021 as U.K. regulators and banks look to replace the scandal-tarred indicator with a more reliable system.
Bullion Star: China's secretive accumulation of gold on the international market
Submitted by cpowell on Wed, 2017-07-26 21:40 Section: Daily Dispatches9:40p ET Wednesday, July 26, 2017
Dear Friend of GATA and Gold:
Bullion Star today reviews the evidence that China has been accumulating much more gold as semi-official reserves than the country has been reporting. Bullion Star's analysis is headlined "People's Bank of China Gold Purchases: Secretive Accumulation on the International Market" and it's posted at Bullion Star here:
Bankers ditch fat salaries to chase digital currency riches
Submitted by cpowell on Wed, 2017-07-26 09:40 Section: Daily DispatchesBy Lulu Yilun Chen and Camila Russo
Bloomberg News
Tuesday, July 25, 2017
Richard Liu gave up a seven-figure salary this month to get into one of the hottest financial instruments around right now: initial coin offerings. The former China Renaissance deal maker has since backed a clutch of cryptocoin sales that have raised millions -- sometimes in seconds -- often without a single product.
London Metal Exchange to publish gold, silver prices soon, Reuters says
Submitted by cpowell on Tue, 2017-07-25 20:46 Section: Daily DispatchesBy Peter Hobson
Reuters
Tuesday, July 25, 2017
LONDON -- The London Metal Exchange will start publishing gold and silver reference prices, the exchange told Reuters today, potentially challenging the dominance of benchmarks administered by Intercontinental Exchange.
Trader Lanci says there's no 'fat finger' but plenty of market manipulation
Submitted by cpowell on Tue, 2017-07-25 15:00 Section: Daily Dispatches3:19p ET Tuesday, July 25, 2017
Dear Friend of GATA and Gold:
TF Metals Report: Bullion banks are prepared for rallies in gold and silver
Submitted by cpowell on Tue, 2017-07-25 09:20 Section: Daily Dispatches9:25a Tuesday, July 25, 2017
Dear Friend of GATA and Gold:
Trader positioning data for the New York gold and silver markets suggests that the bullion banks are prepared for rallies in both the monetary metals, the TF Metals Report says. The analysis is headlined "More Commitment of Traders Perspective" and it's posted here:
https://www.tfmetalsreport.com/blog/8463/more-cot-perspective
Philippines' Duterte warns miners: 'I will tax you to death'
Submitted by cpowell on Mon, 2017-07-24 21:02 Section: Daily DispatchesBy Enrico Dela Cruz
Reuters
Monday, July 24, 2017
MANILA -- Philippine President Rodrigo Duterte said today he wanted to stop exporting mineral resources and might close the mining sector completely and tax miners "to death" if damage to the environment persisted.
'Shrinkflation' has hit over 2,500 consumer products over the past five years
Submitted by cpowell on Mon, 2017-07-24 11:04 Section: Daily DispatchesBy Katie Morley
The Telegraph, London
Monday, July 24, 2017
More than 2,500 consumer products have shrunk in size over the past five years despite being sold for the same price, official data shows.
Koos Jansen: Did the Dutch central bank lie about its gold bar list?
Submitted by cpowell on Sun, 2017-07-23 10:57 Section: Daily Dispatches11a ET Sunday, July 23, 2017
Dear Friend of GATA and Gold:
Charges dropped after 'Whale' accused JPM's Dimon of making him a fall guy
Submitted by cpowell on Sat, 2017-07-22 09:03 Section: Daily DispatchesBy Francine McKenna
MarketWatch.com, New York
Friday, July 21, 2017
The case against two traders in the infamous "London Whale" case appears to have fallen apart after the Whale himself, considered a key witness, accused J.P. Morgan Chase & Co. Chief Executive Jamie Dimon of setting him up as a fall guy.
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