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Daily Dispatches
Lawrence Williams: Does any nation hold the gold it says it does?
Submitted by cpowell on Thu, 2015-04-23 10:40 Section: Daily Dispatches10:39a ET Thursday, April 23, 2015
Dear Friend of GATA and Gold:
Official central bank gold reserve figures as reported to the International Monetary Fund are at best unreliable and at worst active deceptions concealing market interventions, Mineweb's Lawrence Williams acknowledges today.
Deutsche Bank to pay record $2.5 billion to resolve LIBOR rigging
Submitted by cpowell on Thu, 2015-04-23 08:29 Section: Daily DispatchesBy Shane Strowmatt and Suzi Ring
Bloomberg News
Thursday, April 23, 2015
Deutsche Bank AG today was ordered to pay a record $2.5 billion fine and fire seven employees to settle U.S. and U.K. investigations into its role in manipulating Libor.
Swiss gold exports show Asia buying more as investors sell bars
Submitted by cpowell on Thu, 2015-04-23 08:19 Section: Daily DispatchesBy Eddie van der Walt
Bloomberg News
Thursday, April 23, 2015
China and India helped buy up investors' biggest gold sales in more than a year.
Deutsche Bank sets aside E1.5 billion as Libor settlement looms
Submitted by cpowell on Wed, 2015-04-22 20:07 Section: Daily DispatchesBy James Shotter
Financial Times, London
Wednesday, April 22, 2015
Deutsche Bank will take a litigation charge of "approximately E1.5 billion," it said on Wednesday as the German lender nears settlement of claims that it tried to manipulate interbank lending rates.
Chilean regulator seeks new sanctions against Barrick's Pascua-Lama
Submitted by cpowell on Wed, 2015-04-22 20:02 Section: Daily DispatchesFrom Reuters
Wednesday, April 22, 2015
Chile's environmental regulator SMA said on Wednesday it will seek new sanctions against Barrick Gold Corp's massive Pascua-Lama gold and silver project, complicating the possibility that the suspended mine might resume construction.
Flash crash arrest lays bare regulatory lapses at all levels -- starting with CME Group
Submitted by cpowell on Wed, 2015-04-22 19:59 Section: Daily DispatchesBy Dave Michaels, Matthew Leising, and Sam Mamudi
Bloomberg News
Wednesday, April 22, 2015
CME Group Inc. concluded within four days of the 2010 flash crash that algorithmic trading on futures exchanges didn’t exacerbate losses in the market.
Swiss central bank reduces exemptions from negative interest rates
Submitted by cpowell on Wed, 2015-04-22 10:23 Section: Daily DispatchesBy Alice Baghdjian and Joshua Franklin
Reuters
Wednesday, April 22, 2015
ZURICH, Switzerland -- The Swiss National Bank said today it was considerably reducing the number of institutions exempt from negative rates on their cash deposits held at the central bank.
Book tells of Germany's foreign-vaulted gold and the campaign to bring it home
Submitted by cpowell on Tue, 2015-04-21 15:06 Section: Daily Dispatches3p ET Tuesday, April 21, 2015
Dear Friend of GATA and Gold:
A book chronicling the German gold repatriation campaign, written by its leader, Peter Boehringer, has just been published. It's titled "Holt Unser Gold Heim: Der Kampf um das Deutsche Staatsgold," which is roughly "Bring Our Gold Home: The Struggle over the German State's Gold."
Apartments, art store wealth better than gold now, BlackRock chairman says
Submitted by cpowell on Tue, 2015-04-21 10:48 Section: Daily DispatchesIf only someone had asked him why. But that would have required actual journalism.
* * *
By Jonathan Burgos and Netty Idayu Ismail
Bloomberg News
Tuesday, April 21, 2015
Gold's traditional role as a store of wealth has been usurped by contemporary art and apartments in cities such as New York and London, according to Laurence D. Fink, head of the world's biggest asset manager.
Fed still wants easy money and any rate increases will be trivial
Submitted by cpowell on Tue, 2015-04-21 10:32 Section: Daily DispatchesBy Steve Matthews and Jeanna Smialek
Bloomberg News
Tuesday, April 21, 2015
Janet Yellen wants you to know that while the era of zero rates may be drawing to a close, money will stay cheap for a long time to come.
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