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Daily Dispatches
OMG: London Times acknowledges increasing vulnerability of gold derivatives
Submitted by cpowell on Mon, 2016-02-29 12:41 Section: Daily DispatchesAs Fear and Uncertainty Stalk Markets, the World Turns to Gold
By Danny Fortson
The Times, London
Sunday, February 28, 2016
http://www.thesundaytimes.co.uk/sto/business/Finance/article1672690.ece
A young, smartly-dressed woman swept through the doors of a new shop in the heart of London’s clubland to buy £50,000 of gold last week. She paid with her debit card.
Mike Kosares: Gold at the zero bound
Submitted by cpowell on Mon, 2016-02-29 12:06 Section: Daily DispatchesBy Michael J. Kosares
USAGold, Denver
Monday, February 29, 2016
Something happened on the way to negative interest rates. Something unexpected. Gold and silver demand went through the roof.
Eurozone slides back into deflation
Submitted by cpowell on Mon, 2016-02-29 11:24 Section: Daily DispatchesBy Peter Spence
The Telegraph, London
Monday, February 29, 2016
The eurozone lurched back into deflation this month, putting more pressure on the European Central Bank to ramp up stimulus when it meets next week.
Prices fell by 0.2 percent in the year to February, according to figures published by Eurostat. The decline confounded economists, who had expected prices to remain steady.
India imposes gold sales tax on top of record import duty
Submitted by cpowell on Mon, 2016-02-29 08:35 Section: Daily DispatchesBy Rejendra Jadhav
Reuters
Monday, February 29, 2016
MUMBAI -- India has reintroduced a local sales tax on gold jewellery after a gap of four years, on top of record import duty, in a move officials hope will dampen demand for the precious metal in the world's second biggest consumer.
The gold market rigging story could be called 'The Bigger Short'
Submitted by cpowell on Sun, 2016-02-28 21:40 Section: Daily Dispatches10p ET Sunday, February 28, 2016
Dear Friend of GATA and Gold:
Daily Coin interviews Eric Sprott on monetary metals price suppression
Submitted by cpowell on Sat, 2016-02-27 20:39 Section: Daily Dispatches8:38p ET Saturday, February 27, 2016
Dear Friend of GATA and Gold:
German regulator ends Deutsche Bank probes over price fixing
Submitted by cpowell on Sat, 2016-02-27 19:23 Section: Daily DispatchesBy Arno Schuetze and Jonathan Gould
Reuters
Thursday, February 25, 2016
FRANKFURT, Germany -- Germany's financial regulator will take no further action against Deutsche Bank over alleged interest rate rigging and precious metals price fixing, the country's largest lender said on Thursday.
Fed governor Brainard warns rate rises may be at slower pace
Submitted by cpowell on Fri, 2016-02-26 20:53 Section: Daily DispatchesBy Sam Fleming
Financial Times, London
Friday, February 26, 2016
NEW YORK -- Shocks from abroad may lead the Federal Reserve to lift short-term interest rates less than some observers have expected, a senior central banker said amid rising concerns about the pace of global economic growth.
Venezuela discovers that gold in the ground is money in the bank
Submitted by cpowell on Fri, 2016-02-26 20:44 Section: Daily DispatchesVenezuela Sees Savior in Gold as Country Fights to Avoid Default
By Nathan Crooks and Noris Soto
Bloomberg News
Friday, February 26, 2016
Venezuela is planning to move fast with a new mining joint venture announced this week with Spokane, Washington-based Gold Reserve Inc. and will start extracting the precious metal within six months, according to central bank President Nelson Merentes.
GoldSeek Radio interviews GATA Chairman Bill Murphy
Submitted by cpowell on Fri, 2016-02-26 17:52 Section: Daily Dispatches5:50p ET Friday, February 26, 2016
Dear Friend of GATA and Gold:
GoldSeek Radio's Chris Waltzek today interviews GATA Chairman Bill Murphy about indications that demand for physical gold is starting to overcome the gold cartel's price suppression. The interview is 10 minutes long and can be heard at GoldSeek Radio here:
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