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Daily Dispatches
China wants say in 'price discovery' in everything
Submitted by cpowell on Tue, 2014-10-07 19:38 Section: Daily DispatchesTime to Focus on Chinese Derivatives
By William Barkshire
Financial Times, London
Tuesday, October 7, 2014
http://www.ft.com/intl/cms/s/0/5514b5dc-4e02-11e4-adfe-00144feab7de.html
There have been many false dawns in the progress to open up China's participation in global capital markets.
Russia, South Africa in talks to support platinum price
Submitted by cpowell on Tue, 2014-10-07 19:20 Section: Daily DispatchesWhy not? OPEC itself was formed in part to counter Western control of the currency markets, one cartel giving rise to a counter-cartel.
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By Yuliya Fedorinova and Andre Janse van Vuuren
Bloomberg News
Tuesday, October 7, 2014
http://www.bloomberg.com/news/2014-10-07/russia-south-africa-seek-to-sup...
NYTimes: Big banks face another round of U.S. charges over currency market rigging
Submitted by cpowell on Tue, 2014-10-07 09:46 Section: Daily DispatchesBy Ben Protess and Jessica Silver-Greenberg
The New York Times
Monday, October 6, 2014
The Justice Department is preparing a fresh round of attacks on the world's biggest banks, again questioning Wall Street's role in a broad array of financial markets.
More tape painting in gold by the central planners, Turk tells KWN
Submitted by cpowell on Tue, 2014-10-07 00:17 Section: Daily Dispatches12:16a ET Tuesday, October 7, 2014
Dear Friend of GATA and Gold:
Friday's smash of the gold futures price, GoldMoney founder and GATA consultant James Turk tells King World News, was another typical tape-painting operation by the central planners for short-term psychological purposes. An excerpt from the interview is posted at the KWN blog here:
Glencore plans massive merger with Rio Tinto
Submitted by cpowell on Mon, 2014-10-06 18:10 Section: Daily DispatchesBy Matthew Campbell, Zijing Wu, and Jesse Riseborough
Bloomberg News
Monday, October 6, 2014
Glencore Plc is laying the groundwork for a potential merger with Rio Tinto Group (RIO) in the next year that would create the world’s largest mining company, worth about $160 billion, according to people familiar with the situation.
Financial letter writer Ron Rosen takes gold price suppression for granted
Submitted by cpowell on Mon, 2014-10-06 17:14 Section: Daily Dispatches5:10p ET Monday, October 6, 2014
Dear Friend of GATA and Gold:
Sprott, Rule, Embry discuss metals' prospects and you can join them
Submitted by cpowell on Mon, 2014-10-06 16:22 Section: Daily Dispatches4:20p ET Monday, October 6, 2014
Dear Friend of GATA and Gold:
Sprott Asset Management's Eric Sprott, Rick Rule, and John Embry will get together for an hour at 2 p.m. ET Tuesday to discuss the prospects for the precious metals, and you can join them via the Internet. Just register here:
At KWN, Embry dissects phony U.S. job report
Submitted by cpowell on Mon, 2014-10-06 16:01 Section: Daily Dispatches4p ET Monday, October 6, 2014
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry today tells King World News about the phoniness and contrivances of the latest U.S. jobs report and says the data manipulation is part of a scheme to support the U.S. dollar and the U.S. stock market. An excerpt from Embry's commentary is posted at the KWN blog here:
Koos Jansen: China's gold demand remains strong, silver remains scarce
Submitted by cpowell on Mon, 2014-10-06 12:37 Section: Daily Dispatches12:35p ET Monday, October 6, 2014
Dear Friend of GATA and Gold:
Technical analysis is little good in manipulated markets, Fitzwilson writes at KWN
Submitted by cpowell on Sun, 2014-10-05 19:43 Section: Daily Dispatches7:40p ET Sunday, October 5, 2014
Dear Friend of GATA and Gold:
Fund manager Robert Fitzwilson of the Portola Group, in commentary published at King World News, argues that technical analysis is of little use in markets as manipulated as those of the monetary metals. Fitzwilson also ridicules assertions that there is a glut of oil. His commentary is posted at the KWN blog here:
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