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Daily Dispatches
Ronan Manly: As World Gold Council's membership falls, it hikes fees to GLD
Submitted by cpowell on Sun, 2015-06-14 11:37 Section: Daily Dispatches11:40a ET Sunday, June 14, 2015
Dear Friend of GATA and Gold:
As the World Gold Council's membership of mining companies has been declining, reducing annual dues payments, the council now is generating most of its income through royalties from the exchange-traded gold fund GLD, gold researcher and GATA consultant Ronan Manly reports today.
Jansen disputes Klapwijk on China's gold demand
Submitted by cpowell on Sat, 2015-06-13 09:58 Section: Daily Dispatches10a ET Saturday, June 13, 2015
Dear Friend of GATA and Gold:
Gold researcher and GATA consultant Koos Jansen today disputes gold consultancy executive Phillip Klapwijk's lesser estimates of China's gold demand. Jansen's commentary is headlined "Western Consultancy Firms Continue Making Up False Arguments to Debunk SGE Withdrawals" and it's posted at Bullion Star here:
Texas governor signs gold depository legislation
Submitted by cpowell on Sat, 2015-06-13 09:45 Section: Daily DispatchesThe governor says here the state's gold is now at the Federal Reserve Bank of New York. But last month the gold was reported to be vaulted with HSBC in New York:
http://www.gata.org/node/15412
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Abbott Signs Law Creating Texas Depository for State Gold
From the Associated Press
via Beaumont (Texas) Enterprise
Friday, June 12, 2015
TF Metals Report: Here we go again -- another silver short squeeze looms
Submitted by cpowell on Fri, 2015-06-12 16:22 Section: Daily Dispatches4:21p ET Friday, June 12, 2015
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson today explains why he believes that a substantial short squeeze in silver is imminent, set up by the bullion banks, which will crush the hedge funds that are short and allow the bullion banks to prepare the next silver price smashdown.
All they had to do was monetize the gold from their own mines
Submitted by cpowell on Thu, 2015-06-11 14:24 Section: Daily DispatchesAnother rich country insisting on being poor.
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Zimbabwe to Phase Out Worthless Local Dollar
From Agence France-Presse
via Raidio Teilifis Eireann, Dublin
Thursday, June 11, 2015
http://www.rte.ie/news/business/2015/0611/707434-zimbabwe-dollar/
Alasdair Macleod: The fallacies of GDP
Submitted by cpowell on Thu, 2015-06-11 14:10 Section: Daily Dispatches2:09p ET Thursday, June 11, 2015
Dear Friend of GATA and Gold:
GoldMoney's head of research, Alasdair Macleod, today explains why gross domestic product, a statistic worshipped by some economists, is misleading and does only harm.
Real Vision has great interview with Andrew Maguire about gold suppression
Submitted by cpowell on Thu, 2015-06-11 13:58 Section: Daily Dispatches1:58p ET Thursday, June 11, 2015
Dear Friend of GATA and Gold:
Singapore-based fund manager Grant Williams has just done an outstanding and detailed interview with London metals trader Andrew Maguire in the Real Vision series of in-depth interviews with leading figures in the financial markets.
Among the topics discussed by Maguire and Williams:
Justice Department looks for rigging in Treasuries, gold, silver, oil
Submitted by cpowell on Wed, 2015-06-10 22:18 Section: Daily DispatchesTreasuries Collusion Said to Be Hunted in New Wave of Probes
By Keri Geiger and Matthew Leising
Bloomberg News
Wednesday, June 10, 2015
Kranzler concurs with Goodman on Fed's rescue of Comex gold contract
Submitted by cpowell on Wed, 2015-06-10 12:42 Section: Daily Dispatches12:42p ET Wednesday, June 10, 2015
Dear Friend of GATA and Gold:
Dave Kranzler of Investment Research Dynamics today concurs completely with Avery Goodman's analysis, published last night --
http://www.gata.org/node/15441
-- concluding that intervention by the Federal Reserve rescued the Comex gold contract from a default last month.
Koos Jansen and Miriam Campanella: The redeployment of Asia's FX reserves
Submitted by cpowell on Tue, 2015-06-09 21:27 Section: Daily Dispatches9:27p ET Tuesday, June 9, 2015
Dear Friend of GATA and Gold:
The redeploying of Asia's foreign exchange reserves, Koos Jansen and Miriam Campanella write today, is likely to give a boost not just to the infrastructure of the developing world but also to gold's monetary role. Their commentary, "The Redeployment of Asia's Forex Reserves," is posted at Bullion Star here: