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Daily Dispatches
Physical gold market keeps fighting the paper market, John Ing tells KWN
Submitted by cpowell on Sun, 2016-11-06 21:24 Section: Daily Dispatches9:26p ET Sunday, November 6, 2016
Dear Friend of GATA and Gold:
Interviewed by King World News, Canadian fund manager John Ing says occasionally "paper gold" swamps the physical gold market "but amazingly the physical gold market seems to keep edging up and helping the longer-term upward trend of the gold price." Ing's comments are excerpted at KWN here:
GATA board member Ed Steer's Saturday market letter posted at GoldSeek
Submitted by cpowell on Sun, 2016-11-06 18:39 Section: Daily Dispatches6:41p ET Sunday, November 6, 2016
Dear Friend of GATA and Gold:
Saturday's gold and silver market letter by GATA Board of Directors member Ed Steer is posted in the clear at GoldSeek here:
http://news.goldseek.com/GoldSeek/1478448000.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
Russian bank aims to double its gold trade in three years
Submitted by cpowell on Thu, 2016-11-03 11:21 Section: Daily DispatchesBy Katya Golubkova
Reuters
Thursday, November 3, 2016
MOSCOW -- VTB Capital, the investment banking arm of Russia's second-biggest bank, plans to double its gold-trading volumes over the next three years from around 110-150 tonnes a year currently, Atanas Djumaliev, head of global commodities at the firm, told Reuters.
Fosun in exclusive talks to buy stake in Russian gold miner Polyus, Reuters says
Submitted by cpowell on Thu, 2016-11-03 10:49 Section: Daily DispatchesBy Julie Zhu and Polina Devitt
Reuters
Thursday, November 3, 2016
Fosun International Ltd, is in exclusive talks to buy a large minority stake in Russia's biggest gold miner, Polyus, three sources with knowledge of the matter told Reuters, in what would be the Chinese group's maiden Russian deal.
Ronan Manly: Private-equity investors to acquire Swiss gold refiner Argor-Heraeus
Submitted by cpowell on Thu, 2016-11-03 10:10 Section: Daily DispatchesBy Ronan Manly
BullionStar.com, Singapore
Thursday, November 3, 2016
The $100 billion gold mine and the West Papuans who say they count the cost
Submitted by cpowell on Wed, 2016-11-02 00:35 Section: Daily DispatchesBy Susan Schulman
The Guardian, London
Tuesday, November 1, 2016
CME Group to start London gold contract in challenge to ICE, LME
Submitted by cpowell on Tue, 2016-11-01 14:28 Section: Daily DispatchesGovernments and central banks use CME Group exchanges for surreptitious trading of all major futures contracts in the United States:
http://www.gata.org/node/14385
http://www.gata.org/node/14411
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By Eddie Van Der Walt
Bloomberg News
Tuesday, November 1, 2016
Three of Fed's own primary dealers see rate hikes on hold until 2017
Submitted by cpowell on Mon, 2016-10-31 21:29 Section: Daily DispatchesBy Yun Li
Bloomberg News
Monday, October 31, 2016
Three of the Federal Reserve's own primary dealers are warning bond traders that a growing consensus the central bank will raise interest rates by year-end is misguided.
Venezuelans give up on counting piles of cash and start weighing them
Submitted by cpowell on Mon, 2016-10-31 11:33 Section: Daily DispatchesBy Fabiola Zerpa and Andrew Rosati
Bloomberg News
Monday, October 31, 2016
At a delicatessen counter in eastern Caracas, Humberto Gonzalez removes slices of salty white cheese from his scale and replaces them with a stack of bolivar notes handed over by his customer. The currency is so devalued and each purchase requires so many bills that instead of counting, he weighs them.
World to face stress test as dollar LIBOR spikes and bond rout deepens
Submitted by cpowell on Sun, 2016-10-30 19:37 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Sunday, October 30, 2016
Surging rates on dollar LIBOR contracts are rapidly tightening conditions across large parts of the global economy, incubating stress in the credit markets and ultimately threatening overvalued bourses.
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