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Daily Dispatches
John Dizard: Gold is overpriced -- and well worth it
Submitted by cpowell on Sat, 2016-04-16 00:10 Section: Daily DispatchesBy John Dizard
Financial Times, London
Friday, April 15, 2016
http://www.ft.com/intl/cms/s/0/c9506cae-02ef-11e6-af1d-c47326021344.html
Gold has been having one of its moments since the beginning of the year; the dollar price is up over 15 per cent, compared with 1.9 per cent for the S&P 500. At these levels, the metal is overpriced and well worth it.
Canadians get their own silver market-rigging class action suit against Deutsche et al.
Submitted by cpowell on Fri, 2016-04-15 23:48 Section: Daily DispatchesSilver Price Manipulation Class Action Brought on Behalf of Canadian Investors
Sotos Law Firm Press Release
via CNW and Ottawa Citizen
Friday, April 15, 2016
http://www.ottawacitizen.com/business/cnw/release.html?rkey=20160415C217...
Mike Ballanger: Deutsche Bank silver settlement -- GATA vindicated
Submitted by cpowell on Fri, 2016-04-15 01:29 Section: Daily Dispatches1:26p SGT Friday, April 15, 2016
Dear Friend of GATA and Gold:
Deutsche Bank's confession to manipulating the gold and silver markets with other banks is vindication for GATA and repudiation for the organization's critics, Toronto broker and metals market analyst Michael Ballanger writes today.
BitGold/GoldMoney aims to eliminate need for gold ETFs
Submitted by cpowell on Fri, 2016-04-15 00:36 Section: Daily Dispatches12:34p SGT Friday, April 15, 2016
Dear Friend of GATA and Gold:
China may have $1.3 trillion of risky loans, IMF report shows
Submitted by cpowell on Fri, 2016-04-15 00:18 Section: Daily DispatchesAnother reason for devaluation.
* * *
From Bloomberg News
Thursday, April 14, 2016
China may have $1.3 trillion loans extended to borrowers who don't have sufficient income to cover interest payments, with potential losses equivalent to 7 percent of the country's gross domestic product, according to the International Monetary Fund.
Deutsche Bank admits it manipulated gold as well as silver market with other banks
Submitted by cpowell on Thu, 2016-04-14 23:51 Section: Daily DispatchesDeutsche Bank Settles Silver, Gold Price Manipulation Suits
By Christie Smythe
Bloomberg News
Thursday, April 14, 2016
Deutsche Bank AG has reached settlements in lawsuits over allegations it manipulated gold and silver prices, lawyers for traders of the commodities said in court filings.
Alasdair Macleod: The ECB and shadow banking
Submitted by cpowell on Thu, 2016-04-14 12:08 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, April 14, 2016
Markets have fully adjusted to a financial world which reflects the leadership and management of money by central banks, and are increasingly frightened of any prospect of their control failing.
John Hathaway: Stage is set for gold's advance to all-time highs
Submitted by cpowell on Thu, 2016-04-14 11:57 Section: Daily Dispatches11:53p SGT Thursday, April 14, 2016
Dear Friend of GATA and Gold:
Tocqueville Gold Fund manager John Hathaway's quarterly letter to shareholders argues that "the stage is set for a renewed advance toward all-time highs" for gold. His reasons:
Ronan Manly: Deutsche Bank will give evidence against other banks in silver rigging
Submitted by cpowell on Thu, 2016-04-14 05:15 Section: Daily Dispatches5:13p SGT Thursday, April 14, 2016
Dear Friend of GATA and Gold:
Deutsche Bank to settle U.S. silver price-fixing litigation
Submitted by cpowell on Thu, 2016-04-14 05:00 Section: Daily DispatchesBy Jonathan Stempel
Reuters
Wednesday, April 13, 2016
NEW YORK -- Deutsche Bank AG has agreed to settle U.S. litigation over allegations it illegally conspired with Bank of Nova Scotia and HSBC Holdings to fix silver prices at the expense of investors, a court filing on Wednesday showed.
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