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Daily Dispatches
Gold is being pounded to discourage support for Swiss initiative, Davies tells KWN
Submitted by cpowell on Wed, 2014-11-19 16:41 Section: Daily Dispatches4:41p ET Wednesday, November 19, 2014
Dear Friend of GATA and Gold:
Koos Jansen: Why did European central banks sell gold?
Submitted by cpowell on Wed, 2014-11-19 10:50 Section: Daily Dispatches10:53a ET Wednesday, November 19, 2014
Dear Friend of GATA and Gold:
Jim Otis: An open letter to monetary metals mining executives
Submitted by cpowell on Tue, 2014-11-18 23:59 Section: Daily Dispatches12:01a ET Wednesday, November 19, 2014
Dear Friend of GATA and Gold:
In an essay posted at Kitco, blogger Jim Otis itemizes the simple ways monetary metals mining companies could fight suppression of the price of their product in the futures markets. Otis' advice is headlined "An Open Letter to Mining Company Executives" and it's posted here:
German gold repatriation movement is going strong, Peter Boehringer tells KWN
Submitted by cpowell on Tue, 2014-11-18 23:54 Section: Daily Dispatches11:55p ET Tuesday, November 18, 2014
Dear Friend of GATA and Gold:
One way or another, Ukraine's gold reserves have gone away
Submitted by cpowell on Tue, 2014-11-18 13:23 Section: Daily Dispatches1:23p ET Tuesday, November 18, 2014
Dear Friend of GATA and Gold:
Zero Hedge reports today that one way or another, Ukraine's gold reserves have disappeared:
http://www.zerohedge.com/news/2014-11-18/ukraine-admits-its-gold-gone
A report about their supposed removal from Kiev in the dead of night last March is posted at GATA's Internet site here:
Platinum miners realize that their metal is money
Submitted by cpowell on Tue, 2014-11-18 12:54 Section: Daily DispatchesMaybe gold miners will figure it out for their own metal eventually as well.
* * *
Platinum Producers Launch Trade Body to Attract Asset Investors
By Arthur England
Financial Times, London
Tuesday, November 18, 2014
Despite gold's rebound, backwardation has gotten worse, Turk tells KWN
Submitted by cpowell on Mon, 2014-11-17 23:12 Section: Daily Dispatches11:13p ET Monday, November 17, 2014
Dear Friend of GATA and Gold:
Despite the big increase in the gold price over the last week, backwardation in the monetary metal has gotten worse, GoldMoney founder and GATA consultant James Turk tells King World News tonight. Turk adds that gold shorts seem to be operating on a hair trigger. An excerpt from the interview is posted at the KWN blog here:
Lending gold pays record high as 400-oz bars are lost to insatiable Asian demand
Submitted by cpowell on Mon, 2014-11-17 23:04 Section: Daily DispatchesGold Lending Rate Most Negative Since 2001 on Longer Refining
By Nicholas Larkin and Laura Clarke
Bloomberg News
Monday, November 17, 2014
LONDON -- The rate at which gold is lent for dollars is the most negative in 13 years as refineries spend longer recasting bars from vaults to meet demand from Asia, where consumers prefer smaller ingots and jewelry.
Exchange Stabilization Fund, BIS may have to start shorting cocoa
Submitted by cpowell on Mon, 2014-11-17 14:12 Section: Daily DispatchesDon't Panic, But We Could Be Running out of Chocolate
By Lauren Davidson
The Telegraph, London
Monday, November 17, 2014
The world could be running out of chocolate, leading confectioners have warned, as soaring demand continues to outpace the lagging rate of production, pushing up the price of chocolate.
'Yes' vote in Swiss referendum not certain to lift gold prices, Deutsche Bank says
Submitted by cpowell on Mon, 2014-11-17 14:02 Section: Daily DispatchesBy Jan Harvey and Anirban Nag
Reuters
Monday, November 17, 2014
LONDON -- A vote in favour of boosting Switzerland's gold holdings at a Nov. 30 referendum won't necessarily lift bullion prices, Deutsche Bank said in a note, adding there was a "considerable" chance the motion would pass.