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Daily Dispatches

Fed fines Deutsche Bank $156.6 million for forex violations

Section: Daily Dispatches

By Patrick Rucker and Karen Freifeld
Reuters
Thursday, April 20, 2017

The U.S. Federal Reserve on Thursday fined Deutsche Bank $156.6 million for violating foreign exchange rules and running afoul of the Volcker Rule.

The German bank failed to detect and halt its traders from using chat rooms to communicate with competitors, the Fed said in a statement.

Ted Butler: A secret and illegal agreement

Section: Daily Dispatches

9:44a ET Thursday, April 20, 2017

Dear Friend of GATA and Gold:

Gold trading systems experience growing pains

Section: Daily Dispatches

By Shelley Goldberg
Bloomberg News
Wednesday, April 19, 2017

On the afternoon of April 11, London's daily gold price benchmark fix took a peculiar turn: It was about $12 under the spot price. The auction appeared to be stuck on a descending escalator from an initial $1,265.75, before fixing at $1,252.90.

Trump 'absolutely not' trying to talk down dollar, Treasury's Mnuchin says

Section: Daily Dispatches

By David Milliken
Reuters
Wednesday, April 19, 2017

U.S. President Donald Trump is "absolutely not" trying to talk down the strength of the dollar, Treasury Secretary Steven Mnuchin was quoted as saying in the Financial Times today.

New York Sun: Ron Paul's IMF question emerges in sharp relief in the era of Trump

Section: Daily Dispatches

From The New York Sun
Tuesday, April 18, 2017

If the International Monetary Fund does nothing else at its meeting that starts Thursday in Washington, it would be nice to see it — or someone — answer the Ron Paul question: Why do its articles of agreement actually prohibit members from linking their currencies to gold?

Today's dumping of paper gold failed, Embry tells KWN

Section: Daily Dispatches

2:56p ET Tuesday, April 18, 2017

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry, interviewed today by King World News, discusses this morning's attack on gold with the dumping of $3 billion in contracts on the futures market, an attack that nevertheless seems to have been repelled. Embry's comments are excerpted at KWN here:

GATA Chairman Murphy interviewed by Kennedy Financial and Future Money Trends

Section: Daily Dispatches

7:49a ET Tuesday, April 18, 2017

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy has just done two interviews about the battle in the gold market between governments and market forces.

The first is with market analyst Philip Kennedy of Kennedy Financial. It's 25 minutes long and begins at the 18:45 mark at You Tube here:

https://www.youtube.com/watch?v=m3o-uebhzXM

Ronan Manly: Death spiral for LBMA gold and silver auctions?

Section: Daily Dispatches

12:19p ET Friday, April 14, 2017

Dear Friend of GATA and Gold:

GoldSeek Radio interviews GATA Chairman Bill Murphy

Section: Daily Dispatches

3:40p ET Thursday, April 13, 2017

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, says he doesn't expect geo-political events to have much effect on the price of gold but that silver is giving real trouble to the price-suppression cartel. The interview is 10 minutes long and can be heard at GoldSeek here:

Ted Butler: Another opportunity to induce the CFTC to do its job

Section: Daily Dispatches

By Ted Butler
SilverSeek.com
Thursday, April 13, 2017

An unusual confluence of seemingly unrelated factors may have created an opportunity to do something about the silver (and gold) manipulation.

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