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Daily Dispatches
Oil price dip is Saudi bow to China, Leeb tells King World News
Submitted by cpowell on Tue, 2014-10-14 19:51 Section: Daily Dispatches7:50p ET Tuesday, October 14, 2014
Dear Friend of GATA and Gold:
Fund manager Stephen Leeb tonight tells King World News that the decline in oil prices may be part of a scheme between Saudi Arabia and China to facilitate their trade as Saudi Arabia moves out of the United States' political orbit. An excerpt from the interview is posted at the KWN blog here:
Fighting back, First Majestic delays sale of silver amid price weakness
Submitted by cpowell on Tue, 2014-10-14 19:38 Section: Daily Dispatches7:42p ET Tuesday, October 14, 2014
Dear Friend of GATA and Gold:
Silver price-fixing lawsuits consolidated in Manhattan federal court
Submitted by cpowell on Tue, 2014-10-14 15:20 Section: Daily DispatchesBy Brendan Pierson
Reuters
Tuesday, October 14, 2014
NEW YORK -- Litigation alleging that Deutsche Bank, Bank of Nova Scotia, and HSBC illegally fixed the price of silver has been centralized in Manhattan federal court.
South Africa's gold CEOs ready for mergers as prices decline
Submitted by cpowell on Tue, 2014-10-14 08:20 Section: Daily DispatchesBy Kevin Crowley
Bloomberg News
Tuesday, October 14, 2014
JOHANNESBURG, South Africa -- South Africa's gold miners are ready for mergers and acquisitions as the falling price of bullion forces companies to cut costs and repay debt.
JPMorgan sets aside $1 billion for forex-rigging penalty
Submitted by cpowell on Tue, 2014-10-14 08:06 Section: Daily DispatchesBy Tom Braithwaite and Martin Arnold
Financial Times, London
Tuesday, October 14, 2014
JPMorganChase set aside $1 billion in legal reserves, depressing third-quarter results, as the largest US bank by assets prepares to pay big penalties over allegations it manipulated the foreign exchange market.
Gold initiative is needed to restore Swiss independence, Barron tells KWN
Submitted by cpowell on Mon, 2014-10-13 19:25 Section: Daily Dispatches7:25p ET Monday, October 13, 2014
Dear Friend of GATA and Gold:
As the Swiss National Bank opposes the Swiss gold initiative, it is actually advocating keeping Switzerland subservient to the European Central Bank and particularly to the most financially irresponsible members of the euro zone, mining entrepreneur Keith Barron tells King World News today.
Ambrose Evans-Pritchard: The great lira revolt has begun in Italy
Submitted by cpowell on Mon, 2014-10-13 19:12 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, October 13, 2014
The die is cast in Italy. Beppe Grillo's Five Star movement has launched a petition to drive for Italian withdrawal from Europe's monetary union and for the restoration of economic sovereignty.
Russian oil exec accuses Saudis of manipulating oil price down
Submitted by cpowell on Mon, 2014-10-13 10:57 Section: Daily DispatchesOil Surplus in World Market Temporary, Rosneft Vice President Says
From RIA Novosti, Moscow
Sunday, October 12, 2014
http://en.ria.ru/business/20141012/193992405/Oil-Surplus-in-World-Market...
MOSCOW -- The surplus of oil on the world market is a temporary phenomenon, the vice president of Russian oil giant Rosneft, Mikhail Leontyev, said Sunday.
Faber's likely last time on BNN: Gold and silver markets are manipulated
Submitted by cpowell on Sun, 2014-10-12 22:27 Section: Daily Dispatches10:31p ET Sunday, October 12, 2014
Dear Friend of GATA and Gold:
Financial letter writer Marc Faber made on Friday what likely will be his last appearance on Business News Network in Canada -- not because of failing health or retirement but because he declared that the monetary metals markets are manipulated.
Robert Fitzwilson: Will world reject the West's paper-manipulated markets?
Submitted by cpowell on Sun, 2014-10-12 19:06 Section: Daily Dispatches7p ET Sunday, October 12, 2014
Dear Friend of GATA and Gold:
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