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Sep 22, 2012

GATA | THE GATA DISPATCH -September 22, 2012-: Futures position changes leave metals vulnerable, Norcini tells King World News.

Futures position changes leave metals vulnerable, Norcini tells King World News

3:25p ET Saturday, September 22, 2012

Futures market analyst Dan Norcini, interviewed today by King World News, analyzes the major changes in gold and silver futures market positions cited last night by Gene Arensberg of the Got Gold Report (http://www.gata.org/node/11764) and concludes that long positions have become much more vulnerable to stop running by the big traders. After many weeks of ascent, Norcini says, gold and silver are more likely to decline. An excerpt from the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/9/22_In...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

GATA | THE GATA DISPATCH -September 22, 2012-: Yikes! Deutsche Bank recommends gold -- even a gold standard.

Yikes! Deutsche Bank recommends gold -- even a gold standard

3:18p ET Saturday, September 22, 2012

In its editorial today the New York Sun expresses amazement at the gold-friendly report published this week by Deutsche Bank, one of the world's major banks. As the Sun notes, that report, written by Deustche Bank analysts Daniel Brebner and Xiao Fu, doesn't just recommend gold as a currency and investment, a form of "good money" far superior to the "bad money" issued by governments -- it also muses sympathetically about restoration of a gold standard for money.
The Sun's editorial, "Germany Eyes Gold Standard," is posted at the newspaper's Internet site here:

http://www.nysun.com/editorials/germany-eyes-gold-standard/87997/

The Deutsche Bank report itself quickly dismisses with contempt the "spurious" objection that "there isn't enough gold" to back currencies with. "The volume of gold is not important," the report says. "Instead it is the value that is ascribed to this gold that is important. A zero can easily be added to a paper bill to change its value; similarly it can be added to the value of an ounce of gold. Absolute values are in fact unimportant. ... Gold is infinitely divisible. Does it matter that a paper bill is backed by a gram or a kilogram of gold? Theoretically it shouldn't matter, in our view."





NYT: ALERT FGC BOLSA - FGC FINANCIAL MARKETS - September 22, 2012-: As the U.S. Borrows, Who Lends?



Over the last year, China and the Fed have reduced holdings of United States Treasury securities as Japan has bought more.

GATA | THE GATA DISPATCH -September 22, 2012- Original Dispatch September 21, 2012-: Big changes in trader positions in gold and silver: Got Gold Report

Big changes in trader positions in gold and silver: Got Gold Report

11:18p ET Friday, September 21, 2012
Dear Friend of GATA and Gold:
Gene Arensberg of the Got Gold Report writes today that there are big changes in trader positions in the gold and silver futures markets. What do they mean? He expects to elaborate shortly. In the meantime the GGR's latest dispatch is posted here:

http://www.gotgoldreport.com/2012/09/gold-and-silver-disaggregated-cot-r...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc
.