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Daily Dispatches
Bullion Star graphic describes how 'paper gold' controls the metal's price
Submitted by cpowell on Mon, 2017-02-20 13:08 Section: Daily Dispatches1:10p ET Monday, February 20, 2017
Dear Friend of GATA and Gold:
Bullion Star today publishes an elaborate informational graphic describing how bullion banks create almost infinite amounts of imaginary "paper gold" to control the monetary metal's price and prevent the price from being determined by physical demand.
Bullion Star summarizes the graphic's topics this way:
JPMorgan, HSBC among dozen banks facing fines for rigging S. African rand
Submitted by cpowell on Mon, 2017-02-20 07:50 Section: Daily DispatchesBy Renee Bonorchis and Michael Cohen
Bloomberg News
Wednesday, February 15, 2017
South Africa's antitrust investigators have urged that a dozen banks be fined for colluding and manipulating trades in the rand, potentially becoming the latest in a string of penalties handed to lenders around the world for rigging currencies.
World Gold Council fails to ask Greenspan about central bank intervention against gold
Submitted by cpowell on Sat, 2017-02-18 20:51 Section: Daily Dispatches8:54p ET Saturday, February 18, 2017
Dear Friend of GATA and Gold:
Arizona bill would remove state tax on profit from sale of gold coins
Submitted by cpowell on Sat, 2017-02-18 20:21 Section: Daily DispatchesBy Howard Fischer
Arizona Daily Star, Tucson
Sunday, February 12, 2017
PHOENIX, Arizona -- Arguing that federal policies have made paper money "virtually worthless," Arizona lawmakers are moving to allow residents to invest in gold coins and not have to pay state taxes on any profits they make when they sell them.
Investors worldwide could become plaintiffs in class-action suit in UK against bullion banks
Submitted by cpowell on Sat, 2017-02-18 19:56 Section: Daily Dispatches7:57p ET Saturday, February 18, 2017
Dear Friend of GATA and Gold:
Investors in nine countries have responded to the announcement two weeks ago that a British law firm, Leon Kaye Solicitors, is contemplating bringing a class-action lawsuit in the United Kingdom under that country's Competition Act against bullion banks suspected of manipulating the gold and silver markets:
London bullion banks will pretend to be transparent next week
Submitted by cpowell on Fri, 2017-02-17 21:34 Section: Daily DispatchesBanks to Test London Gold-Trading Platform in Transparency Push
By Eddie Van Der Walt
Bloomberg News
Friday, February 17, 2017
Some banks will start testing a new bullion-trading platform next week as part of the London Bullion Market Association's push to make the city's over-the-counter market more modern and transparent.
Ronan Manly: A chink of light into London's gold vaults?
Submitted by cpowell on Fri, 2017-02-17 08:29 Section: Daily Dispatches8:30a ET Friday, February 17, 2017
Dear Friend of GATA and Gold:
John Ing: The primary 'Trump trade' is to buy gold
Submitted by cpowell on Thu, 2017-02-16 22:39 Section: Daily Dispatches10:40p ET Thursday, February 16, 2017
Dear Friend of GATA and Gold:
Canadian fund manager John Ing tonight gives King World News a comprehensive review of the world financial and political situation and concludes that the primary "Trump trade" is probably to buy gold. Ing's commentary is posted at KWN here:
Kyrgyzstan wants everyone to have 100 grams of gold
Submitted by cpowell on Thu, 2017-02-16 08:26 Section: Daily DispatchesBy Evgenia Pismennaya and Anna Andrianova
Bloomberg News
Thursday, February 15, 2017
A landlocked nation perched between China and Kazakhstan is embarking on an experiment with little parallel worldwide: shifting savings from cattle to gold.
Agnico plans to invest $1.2 billion in gold projects in Canada's north
Submitted by cpowell on Wed, 2017-02-15 21:09 Section: Daily DispatchesBy Danielle Bochove
Bloomberg News
Wednesday, February 15, 2017
Agnico Eagle Mines Ltd. plans to invest more than $1.2 billion in Canada's subarctic in the next three years as it builds one new mine and expands another.
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