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Daily Dispatches
China gold premiums near 3-year high while cash crunch curbs Indian demand
Submitted by cpowell on Sat, 2016-12-03 10:47 Section: Daily DispatchesBy Sethuraman N.R. and Rajendra Jadhav
Reuters
Friday, December 2, 2016
Gold premiums in China held near three-year highs this week amid limited supply of the precious metal, with traders saying Beijing was restricting imports, while prices in India swung to a discount as a severe cash crunch dampened appetite.
Court allows IRS to seek user info from blockchain firm Coinbase
Submitted by cpowell on Fri, 2016-12-02 11:40 Section: Daily DispatchesBy Ismail Shakil and Sruthi Shankarin Bengaluru
Reuters
Thursday, December 1, 2016
A federal court in California on Wednesday allowed the Internal Revenue Service to seek three years of information from blockchain firm Coinbase Inc. about its American users, the U.S. Department of Justice said.
TF Metals Report: U.S. economic data shows weakness, not strength
Submitted by cpowell on Fri, 2016-12-02 11:34 Section: Daily Dispatches11:34a ET Friday, December 2, 2016
Dear Friend of GATA and Gold:
The TF Metals Report today details how the U.S. economic data that is being spun to suggest strength actually demonstrates appalling weakness. The report is headlined "More BLS BS" and it's posted here:
http://www.tfmetalsreport.com/blog/8022/more-bls-bs
CHRIS POWELL, Secretary/Treasurer
No limit on holding gold if it matches income declaration, Indian govt. says
Submitted by cpowell on Fri, 2016-12-02 08:25 Section: Daily DispatchesBy the Press Trust of India
via the Hindustan Times, New Delhi
Friday, December 2, 2016
The government on Thursday sought to quell rumors by clarifying that there is no limit on legitimate holding of gold and jewellery, including from inheritance, and there would be no seizure of bullion up to a certain limit even if that does not seem to match income.
Lawrie Williams: Major gold price divergence between Shanghai and London
Submitted by cpowell on Thu, 2016-12-01 19:01 Section: Daily Dispatches7p ET Thursday, December 1, 2016
Dear Friend of GATA and Gold:
Alasdair Macleod: Credit cycles and gold
Submitted by cpowell on Thu, 2016-12-01 17:55 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, December 1, 2016
The Trump shock produced some unexpected market reactions, partly explained by investors buying into a risk-on argument,equities over bonds and buying dollars by selling other currencies and gold.
GoldSeek Radio's Chris Waltzek interviews Sprott's John Embry
Submitted by cpowell on Thu, 2016-12-01 15:17 Section: Daily Dispatches3:15p ET Thursday, December 1, 2016
Dear Friend of GATA and Gold:
China tightens gold import quotas to curb dollar outflow
Submitted by cpowell on Thu, 2016-12-01 08:35 Section: Daily DispatchesBy Henry Sanderson and Lucy Hornby
Financial Times, London
Wednesday, November 30, 2016
China has curbed gold imports in the wake of government attempts to clamp down on capital leaving the country, according to traders and bankers.
Michael Oliver suspects, Paul Roberts denounces gold market rigging
Submitted by cpowell on Wed, 2016-11-30 22:46 Section: Daily Dispatches10:45p ET Wednesday, November 30, 2016
Dear Friend of GATA and Gold:
In commentary at King World News, Michael Oliver of Momentum Structural Analysis sees the recent lockdown of the gold price as evidence of market manipulation:
http://kingworldnews.com/michael-oliver-conspiracy-theorists-would-use-t...
The world is feeling the might of China's commodity traders
Submitted by cpowell on Wed, 2016-11-30 10:54 Section: Daily DispatchesFrom Bloomberg News
Tuesday, November 29, 2016
The Chinese speculators shaking up global commodity markets are switched-on, flush with cash and probably not getting enough sleep.
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