Jul 26, 2013
Jan Skoyles: ETF outflows signify paper gold's end and real metal's ascent: GATA | THE GATA DISPATCH JULY 26, 2013.
Jan Skoyles: ETF outflows signify paper gold's end and real metal's ascent
Far from the end of the bull market in gold, outflows from gold exchange-traded funds likely signify the market's transformation from paper to physical and from West to East, with Asia gobbling up whatever the West unloads and a lot more. That's the conclusion of The Real Asset Co.'s research director, Jan Skoyles, whose excellent new report, "Do ETF Outflows Mean the End of the Gold Bull Market or Just the End for Paper Gold?," is posted at The Real Asset Co.'s Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
July 26, 2013
Compiled 20:45 GMT
Compiled 20:45 GMT
By KAREEM FAHIM and ROBERT F. WORTH
Supporters and opponents of the deposed president, Mohamed Morsi, turned out across Egypt on Friday, with reports of violence in Alexandria.
By CARLOTTA GALL and RICK GLADSTONE
Officials said the weapon used to kill an opposition leader on Thursday was the same one that killed another opposition figure in February.
By MICHAEL S. SCHMIDT and STEVEN LEE MYERS
Attorney General Eric H. Holder Jr. said assurances that Edward J. Snowden would face neither torture nor execution removed grounds for granting political asylum.
By MARK LANDLER
Administration officials have decided they are not legally required to determine whether the overthrow of President Mohamed Morsi of Egypt was a coup.
By SILVIA TAULÉS and DOREEN CARVAJAL
Francisco José Garzón Amo was arrested as investigators examined records from the train's "black box" to determine the cause of the crash, which killed 78 people.
By EDWARD WONG
Fueled by distrust of domestic brands, Chinese parents are buying up foreign-made infant milk powder, and that has led to shortages in at least a half-dozen other countries.
Friday, July 26, 2013
Week in Review: A Crippling Blow Follows Outsize Profits Fund indicted; called magnet for cheating. | Wall Street's exposure to hacking laid bare. | Trader and S.E.C. lawyer spar over e-mail. | A legal bane of Wall Street switches sides.
A look back on our reporting of the past week's highs and lows in finance.
After Victories at Yahoo, Investor Will Leave Board Yahoo has agreed to buy 40 million shares of its stock from Mr. Loeb's firm.
Fund Indicted; Called Magnet for Cheating Federal authorities, under fire for handling Wall Street with kid gloves, have delivered a crippling blow to one of its most successful firms, SAC Capital Advisors, whose outsize trading profits have drawn government scrutiny for more than a decade.
SAC Case Threatens a Wall St. Cash Cow Brokers said that SAC Capital was one of the largest commission generators for Wall Street.
A Relentless Prosecutor's Crowning Case A victory in the case could propel Preet Bharara onto a bigger platform.
In Case Against SAC Capital, a Show of Force When Steven A. Cohen's lawyers arrived for a meeting this spring at the United States attorney's offices, the room was packed with federal investigators - a signal that the government was no longer interested in just monetary settlements.
News Analysis: For SAC, Indictment May Imperil Its Survival The extent to which an indictment or a conviction can be damaging depends on details of the nature of the business and of a company's customers.
Criminal Indictment Is Expected for SAC Capital Advisors The Times reported on Tuesday that the government was expected to announce the indictment.
DealBook Column: A Towering Fine for Naught, as the S.E.C. Tracks Cohen Why did Mr. Cohen pay more than half a billion dollars to settle the case, asks Andrew Ross Sorkin?
Case Reveals Cohen's Links to Dubious Actions at SAC The S.E.C. is using phone records and e-mails to depict SAC Capital's chief as deeply engaged in his employees' questionable behavior.
Wall Street's Exposure to Hacking Laid Bare Recent indictments of hackers raise concerns that programmers are developing tools that could wreak havoc on the broader financial system.
U.S. Says Ring Stole 160 Million Credit Card Numbers The scheme ran from 2005 until last year and caused hundreds of millions of dollars in losses, prosecutors said.
Defense Tries to Show Sympathetic Side of Ex-Trader Fabrice Tourre's legal team worked to rehabilitate his image.
Trader and S.E.C. Lawyer Spar Over E-Mail The government waited more than three years to have a chance to shred the credibility of the former Goldman Sachs trader in front of a jury.
Witness in Tourre Case Describes Difficulty in Knowing Deal's Friends From Foes Laura Schwartz said she believed a hedge fund supported a transaction her firm invested in, but the fund actually bet against it.
Tourre Lawyers Focus on Reliability of Federal Witness Some of Gail Kreitman's testimony seemed to directly contradict what the former Goldman employee said during earlier testimony.
A Legal Bane of Wall Street Switches Sides Robert S. Khuzami is following the quintessential Washington script: an influential government insider becoming a paid advocate for industries he once policed.
New Powers Invoked to Curb a High-Speed Trading Feint Three regulatory agencies set penalties on Panther Energy and its owner over a practice known as "spoofing" meant to manipulate markets.