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Daily Dispatches

LBMA gets 8 proposals to replace century-old gold fixing

Section: Daily Dispatches

By Nicholas Larkin
Bloomberg News
Friday, October 17, 2014

LONDON -- Intercontinental Exchange Inc., the London Metal Exchange, and CME Group Inc. and Thomson Reuters Corp. are among firms shortlisted to develop and run a replacement for the century-old London gold fixing benchmark.

China gold production seen falling, prompting more imports

Section: Daily Dispatches

China Gold Output Growth to Slow to Less Than 1% By 2018, BMI Says

By Jan Harvey
Reuters
Friday, October 17, 2014

LONDON -- Growth in gold mine output from No. 1 producer China is set to slow significantly in coming years in the face of declining ore grades and waning profitability, analysts Business Monitor International said on Friday.

Hard to make a case for a strong dollar now, Barron tells KWN

Section: Daily Dispatches

11:35p ET Thursday, October 16, 2014

Dear Friend of GATA and Gold:

Mining entrepreneur Keith Barron tells King World News tonight that "it's very difficult to make a case for a strong-dollar policy right now." He expects the Federal Reserve to return to "quantitative easing." An excerpt from the interview is posted at the KWN blog here:

Excessive debt is collapsing world economy, von Greyerz tells KWN

Section: Daily Dispatches

2:35p ET Thursday, October 16, 2014

Dear Friend of GATA and Gold:

Excessive debt is pushing the world's economy toward collapse, Swiss gold fund manager Egon von Greyerz tells King World News today, adding that governments will not be able to buy enough assets to maintain equity values. An excerpt from the interview is posted at the KWN blog here:

TF Metals Report: The current cap

Section: Daily Dispatches

1:10p ET Thursday, October 16, 2014

Dear Friend of GATA and Gold:

Bullion banks are capping the gold futures price, overwhelming speculative demand with their shorting, to preserve the downtrend line in the gold price chart, the TF Metals Report's Turd Ferguson reports today. Ferguson's commentary is headlined "The Current Cap" and it's posted at the TF Metals Report here:

Ambrose Evans-Pritchard: World economy so damaged it may need permanent QE

Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, October 15, 2014

http://www.telegraph.co.uk/finance/economics/11165982/World-economy-so-d...

Combined tightening by the United States and China has done its worst. Global liquidity is evaporating.

Miner Fresnillo looks to hedge some gold output

Section: Daily Dispatches

From Reuters
Wednesday, October 15, 2014

Mexican miner Fresnillo Plc reported a small drop in quarterly silver production and said it could hedge a part of its gold output to protect its recent investment in the Herradura corridor in northern Mexico.

Gold imports by India seen rising more than fourfold last month

Section: Daily Dispatches

By Pratik Parija
Bloomberg News
Wednesday, October 15, 2014

NEW DELHI, India -- Gold imports by India, the largest user after China, probably surged more than fourfold last month on expectations declining prices would boost festival demand.

Gold stubs Swiss National Bank's toe, and the Financial Times says 'ouch!'

Section: Daily Dispatches

On its own hook the FT's "news" story accuses the Swiss gold initiative of "absurdities," mockery the newspaper has yet to hurl against central banks even as they intervene openly in every market and resort to "negative interest rates." Yes, in the FT's view only gold as money can be "absurd." And largely surreptitious control of the valuation of all capital, labor, goods, and services in the w

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