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Daily Dispatches
BIS is main mechanism for manipulating the gold market, Rickards says
Submitted by cpowell on Tue, 2014-09-30 14:20 Section: Daily Dispatches2:15p ET Tuesday, September 30, 2014
Dear Friend of GATA and Gold:
Interviewed by the Turkish financial journalist Erkan Oz at the Forex World conference in Istanbul last week, fund manager and author James G. Rickards remarked that central banks use the Bank for International Settlements for manipulating the gold market.
Koos Jansen: China aims to exceed U.S. in gold reserves
Submitted by cpowell on Tue, 2014-09-30 13:37 Section: Daily Dispatches1:37p ET Tuesday, September 30, 2014
Dear Friend of GATA and Gold:
The president of the China Gold Association, gold researcher and GATA consultant Koos Jansen discloses today, argues that China should accumulate gold reserves greater than those of the United States because gold is a strategic asset, money without counterparty risk.
Ned Naylor-Leyland: Journalist can and should publish his report on silver rigging
Submitted by cpowell on Tue, 2014-09-30 13:23 Section: Daily DispatchesBy Ned Naylor-Leyland
Investment Director
Quilter Cheviot Investment Management
London, England, United Kingdom
Tuesday, September 30, 2014
Greenspan: Gold is the ultimate money and China well might want more
Submitted by cpowell on Tue, 2014-09-30 12:59 Section: Daily DispatchesGolden Rule: Why Beijing Is Buying
By Alan Greenspan
Foreign Affairs
Council on Foreign Relations, New York
Monday, September 29, 2014
http://www.foreignaffairs.com/articles/142114/alan-greenspan/golden-rule
Steve Lonegan: There are no free markets when markets don't set money's value
Submitted by cpowell on Mon, 2014-09-29 23:59 Section: Daily DispatchesThere Ain't No Such Thing as a Free Market
By Steve Lonegan
MarketWatch.com
Wednesday, September 10, 2014
Well-meaning conservative and libertarian groups beat the drum for something called "free markets." Liberal groups blame these "free markets" for many of the world's evils.
Here's the harsh reality neither side will tell you. There ain't no such thing as a "free market."
Embry, Turk tell King World News about completely corrupted markets
Submitted by cpowell on Mon, 2014-09-29 18:02 Section: Daily Dispatches6p ET Monday, September 29, 2014
Dear Friend of GATA and Gold:
Geneva group's report predicts low interest rates forever
Submitted by cpowell on Mon, 2014-09-29 14:07 Section: Daily DispatchesWhich is to say financial repression and gold price suppression by central banks forever.
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Geneva Report Warns Record Debt and Slow Growth Point to Crisis
By Chris Giles
Financial Times, London
Sunday, September 28, 2014
http://www.ft.com/intl/cms/s/0/4df99d28-4590-11e4-ab10-00144feabdc0.html
Rates on short-term Treasuries go negative
Submitted by cpowell on Mon, 2014-09-29 12:56 Section: Daily DispatchesFed 'Repo' Tests Drive Scramble for Safety
By Michael Mackenzie and Tracy Alloway
Financial Times, London
Monday, September 29, 2014
NEW YORK -- Investors are scrambling for safe assets ahead of the end of the financial quarter, with the scrum for securities exacerbated by the Federal Reserve's testing of a key financing tool for an eventual tightening of policy.
Lloyds fires eight over rate manipulation claims
Submitted by cpowell on Mon, 2014-09-29 12:51 Section: Daily DispatchesBy Martin Arnold
Financial Times, London
Monday, September 29, 2014
Lloyds Banking Group said it had dismissed eight people and recouped L3 million in bonuses after finding they had attempted to manipulate benchmark interest rates, as the long-running probe into rate-rigging continues to claim scalps.
Financial writer talks about hangup in publication of report on silver market rigging
Submitted by cpowell on Mon, 2014-09-29 12:39 Section: Daily Dispatches12:39p ET Monday, September 29, 2014
Dear Friend of GATA and Gold:
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