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Daily Dispatches
Ross Norman: Central bank manipulation of gold wouldn't surprise me
Submitted by cpowell on Mon, 2016-10-17 08:12 Section: Daily DispatchesBy Ross Norman, CEO
Sharps Pixley Bullion Brokers, London
Sunday, October 16, 2016
GATA Secretary Chris Powell has invited me to reply to his October 15 commentary --
http://www.gata.org/node/16839
-- in which he replied to my article of the 14th, wherein I rebutted an academic study that concluded that the London gold price fix was manipulated:
ICE will start gold futures for clearing London's daily auction
Submitted by cpowell on Sun, 2016-10-16 21:13 Section: Daily DispatchesBy Eddie Van Der Walt and Ranjeetha Pakiam
Bloomberg News
Sunday, October 16, 2016
Intercontinental Exchange Inc., which runs the daily London gold auction, will start a futures contract for the metal in the United States in February, jumping the gun on the London Metal Exchange, which is also working on a London-focused product.
Gold is actually doing great, von Greyerz tells King World News
Submitted by cpowell on Sun, 2016-10-16 21:02 Section: Daily Dispatches9p ET Sunday, October 16, 2016
Dear Friend of GATA and Gold:
A few questions for Sharps Pixley CEO Ross Norman and other bullion bankers
Submitted by cpowell on Sat, 2016-10-15 14:43 Section: Daily Dispatches2:50p ET Saturday, October 15, 2016
Dear Friend of GATA and Gold:
Ross Norman, CEO of London bullion dealer Sharps Pixley, yesterday disputed the 2013 study by a professor at the University of Western Australia that concluded that prices in the twice-daily London gold fixings were manipulated, a study publicized this week by the Sydney-based newspaper The Australian:
Bank of England warns UK's elected officials that it runs the country
Submitted by cpowell on Fri, 2016-10-14 17:23 Section: Daily DispatchesCarney: Bank of England Will Tolerate Higher Inflation for the Sake of Growth
By Szu Ping Chan and Tim Wallace
The Telegraph, London
Friday, October 14, 2016
The Bank of England is prepared to tolerate higher inflation over the next few years and will keep interest rates low to support economic growth, according to Governor Mark Carney.
China moves closer to coming off U.S. currency watch list
Submitted by cpowell on Fri, 2016-10-14 17:16 Section: Daily DispatchesBy Shawn Donnan
Financial Times, London
Friday, October 15, 2016
The Obama administration has taken a step toward dropping China from a U.S. currency manipulation watchlist even as Republican candidate Donald Trump promises to declare Beijing a manipulator on Day 1 of his presidency.
Perth Mint 'tests out' Indian gold import excise abuse
Submitted by cpowell on Fri, 2016-10-14 17:10 Section: Daily DispatchesBy Paul Garvey
The Australian, Sydney
Saturday, October 15, 2016
The Perth Mint sent an estimated $1 billion worth of gold to India for refining without the apparent consent of its Australian customers, with the West Australian government-owned refiner being dragged into a court case examining the alleged abuse of an Indian excise rebate scheme.
PhD thesis stirs up a $1 billion gold-price trial for global banks
Submitted by cpowell on Fri, 2016-10-14 08:32 Section: Daily DispatchesBy Andrew Burrell
The Australian, Sydney
Friday, October 14, 2016
http://www.theaustralian.com.au/business/mining-energy/phd-thesis-stirs-...
Gold prices in India go to premium for first time this year
Submitted by cpowell on Thu, 2016-10-13 16:23 Section: Daily DispatchesGold Prices Just Did Something They Haven't Done All Year
By Dave Forest
OilPrice.com, London
Thursday, October 13, 2016
Finally the global gold market is getting some good news from its top consuming nation -- India.
Reports this week suggest that something very unusual has just happened with India's local gold prices: They've jumped to a premium above worldwide bullion prices.
Alasdair Macleod: How not to manage a currency
Submitted by cpowell on Thu, 2016-10-13 11:11 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, October 13, 2016
Make no mistake, sterling's collapse is a very serious development, and has serious consequences for sterling interest rates.
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