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Daily Dispatches
German regulator sees only scattered, individual efforts to manipulate gold price
Submitted by cpowell on Tue, 2015-01-27 20:10 Section: Daily DispatchesGerman Watchdog Sees No Signs of Gold, Forex Manipulation
By Thomas Atkins
Reuters
Tuesday, January 27, 2015
FRANKFURT, Germany -- Investigators at German financial watchdog Bafin have not discovered any signs of systemic efforts to manipulate currency benchmarks, rather, only individual efforts, banking supervisory head Raimund Roeseler said in a newspaper interview today.
JPMorgan said to reap up to $300 million amid Swiss turmoil
Submitted by cpowell on Tue, 2015-01-27 15:38 Section: Daily DispatchesBy Julia Verlaine
Bloomberg News
Monday, January 27, 2015
JPMorgan Chase & Co.'s foreign-exchange traders reaped a gain of as much as $300 million after the Swiss central bank roiled markets by abolishing its cap on the franc, according to two people with knowledge of the matter.
TF Metals Report: Inherent unfairness in the gold futures market
Submitted by cpowell on Tue, 2015-01-27 15:04 Section: Daily Dispatches3:03p ET Tuesday, January 27, 2015
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson today provides his own indictment of the gold futures market, where infinite imaginary supply can be created at any moment to suppress the price. Ferguson's commentary is headlined "Inherent Unfairness" and it's posted at the TF Metals Report here:
Technical analysts have a right to be angry, but not at 'gold bugs'
Submitted by cpowell on Tue, 2015-01-27 14:33 Section: Daily Dispatches2:42p ET Tuesday, January 27, 2015
Dear Friend of GATA and Gold:
In an essay headlined "Decoding the Gold COTs: Myth vs. Reality," market analyst Dan Norcini notes that futures markets have a huge influence on commodity prices and that market participants often place trades there first in anticipation of placing trades in the cash market:
German probe finds no signs of manipulation in gold market
Submitted by cpowell on Tue, 2015-01-27 12:33 Section: Daily DispatchesBy Shane Strowmatt and Nicholas Comfort
Bloomberg News
Tuesday, January 27, 2015
FRANKFURT, Germany -- Germany's financial regulator BaFin has found no evidence to support allegations of manipulation in the gold market or that currency exchange rates were systematically rigged, according to its head of banking supervision, Raimund Roeseler.
Russia buys gold for ninth month, but IMF was wrong about purchase by Netherlands
Submitted by cpowell on Tue, 2015-01-27 12:21 Section: Daily DispatchesBy A. Ananthalakshmi
Reuters
Tuesday, January 27, 2015
SINGAPORE -- Russia extended its buying spree of gold to a ninth straight month, and the price of gold rose for the first time in five months, data from the International Monetary Fund showed today.
Gold's bull ride of the 1970s looks increasingly like gold's position today, Turk tells KWN
Submitted by cpowell on Mon, 2015-01-26 21:16 Section: Daily Dispatches9:15p ET Monday, January 26, 2015
Dear Friend of GATA and Gold:
Koos Jansen: India's silver exports rose to record in 2014
Submitted by cpowell on Mon, 2015-01-26 08:28 Section: Daily Dispatches8:26a ET Monday, January 26, 2015
Dear Friend of GATA and Gold:
Bank of England governor warns of liquidity storm as currency system turns upside down
Submitted by cpowell on Mon, 2015-01-26 00:57 Section: Daily DispatchesBy Ambrose Evans-Pritchard and Szu Ping Chan
The Telegraph, London
Saturday, January 24, 2015
DAVOS, Switzerland -- The governor of the Bank of England has warned markets to brace for possible trouble in 2015 as the US Federal Reserve tightens monetary policy and liquidity evaporates, fearing that the new financial order has yet to face its first real test.
Biggest private fund in Finland says QE destroying price signals
Submitted by cpowell on Mon, 2015-01-26 00:37 Section: Daily DispatchesBy Kati Pohjanpalo
Bloomberg News
Sunday, January 25, 2015
HELSINKI, Finland -- Finland's biggest private investor with $45 billion under management said asset purchases by the European Central Bank are undermining investors' ability to price bonds.
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