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Daily Dispatches
GoldCore: UBS shows gold-rigging conspiracies aren't mere theory
Submitted by cpowell on Mon, 2014-11-10 15:10 Section: Daily Dispatches3:09p ET Monday, November 10, 2014
Dear Friend of GATA and Gold:
Noting the Financial Times' report that UBS has agreed to confess to manipulating the gold market --
Judge upholds Liberty Dollar founder's conviction and schedules sentencing
Submitted by cpowell on Mon, 2014-11-10 14:50 Section: Daily Dispatches2:53p ET Monday, November 10, 2014
Dear Friend of GATA and Gold:
The federal judge in the Liberty Dollar counterfeiting case from North Carolina today upheld the jury's March 2011 conviction of the alternative currency system's founder, Bernard von NotHaus. (For an account of von NotHaus' conviction, see: http://www.gata.org/node/9715.)
Russian central bank buys up domestic gold output as sanctions bite
Submitted by cpowell on Mon, 2014-11-10 14:04 Section: Daily DispatchesBy Clara Denina
Reuters
Monday, November 10, 2014
Russia's central bank has been forced to step up its gold buying this year to absorb domestic production that Western sanctions are making it hard for miners to sell abroad, and to boost liquidity in its foreign reserves, sources said.
Why not defend the ruble by buying gold instead?
Submitted by cpowell on Mon, 2014-11-10 12:14 Section: Daily DispatchesIt sure would kick all the other currencies down a peg or two, and the best defense is a good offense.
* * *
In Shift, Russia Lets Ruble Float Free in Markets
By Vladimir Isachenvov and Laura Mills
Associated Press
via Yahoo News
Monday, November 10, 2014
Koos Jansen: Chinese gold demand strong, mainstream media twisting
Submitted by cpowell on Mon, 2014-11-10 09:59 Section: Daily Dispatches10a ET Monday, November 11, 2014
Dear Friend of GATA and Gold:
Western news agencies are still misrepresenting gold demand in China, Bullion Star market analyst and GATA consultant Koos Jansen notes today. His commentary is headlined "Chinese Gold Demand Strong, Mainstream Media Twisting" and it's posted at Bullion Star here:
Swiss franc cap tested as gold bugs push referendum
Submitted by cpowell on Mon, 2014-11-10 08:06 Section: Daily DispatchesBy Lucy Meakin
Bloomberg News
Monday, November 10, 2014
LONDON -- Switzerland's referendum on boosting gold reserves is already increasing pressure on the franc's cap against the euro, even as polls show voters remain undecided.
With gold benchmark fixed, OTC trade eyed as next reform milestone
Submitted by cpowell on Sun, 2014-11-09 17:42 Section: Daily DispatchesBy Clara Denina
Reuters
Sunday, November 9, 2014
Calling time on London's century-old gold "fix" could mark the beginning of an even wider industry overhaul that may ultimately dilute the dominance of the highly profitable bilateral over-the-counter trading.
UBS to settle allegations over precious metals trading
Submitted by cpowell on Sun, 2014-11-09 11:34 Section: Daily DispatchesDaniel Schäfer and James Shotter
Financial Times, London
Sunday, November 9, 2014
http://www.ft.com/intl/cms/s/0/428e1400-6804-11e4-bcd5-00144feabdc0.html
UBS is to settle allegations of misconduct at its precious metals trading business alongside a planned agreement between UK and US authorities and seven banks over accusations of foreign exchange market rigging.
Fraser Murrell: Permanent gold backwardation means a worldwide financial meltdown
Submitted by cpowell on Sun, 2014-11-09 11:17 Section: Daily Dispatches11:20a ET Sunday, November 9, 2014
Dear Friend of GATA and Gold:
Australian scholar Fraser Murrell, a mathmetician and former stockbroker, argues today in commentary posted at MineWeb that, as the economist Antal Fekete has written, permanent backwardation in gold is the great threat to the world financial system, at least as it is now constituted as a fiat money system.
GATA dollar, euro, pound, or bitcoin?
Submitted by cpowell on Sun, 2014-11-09 10:56 Section: Daily Dispatches11:04a ET Sunday, November 9, 2014
Dear Friend of GATA and Gold:
With the monetary metals mining industry agreeing to die quietly and its investors dying with them, the World Gold Council celebrating watches for plutocrats as its industry dies --
https://twitter.com/GOLDCOUNCIL/status/528214829841264640/photo/1
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