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Nov 16, 2014

RT Videos:Obama, Putin self-made alpha males, use power plays instinctively – body language expert - November 16, 2014.



Obama, Putin self-made alpha males, use power plays instinctively – body language expert



Al Jazeera English: Burkina Faso to announce new leader - November 16, 2014.



Burkina Faso to announce new leader


GATA | THE GATA DISPATC - November 17, 2014: Four key observations from the Deutsche Bank report on the Swiss Gold Initiative

Four key observations from the Deutsche Bank report on the Swiss Gold Initiative

Submitted by cpowell on Sunday, November 16, 2014.
 Sunday, November 16, 2014

A full copy of last week's Deutsche Bank report on the Swiss Gold Initiative, provided by GATA consultant R.M., conveys these four major points:
1) Any gold purchases made by the Swiss National Bank pursuant to approval of the initiative in the referendum onNovember 30 are unlikely to have much impact on the gold market because the purchases would be small and made over time and because they likely would be accomplished outside the gold market and through central banks, which are always trading gold among themselves. (Secretly, of course, to facilitate their market interventions.)

2) The Swiss National Bank could evade the intent of the initiative by moving its reserves into a sovereign wealth fund, thereby diminishing the need for purchasing gold; by the bank's obtaining only gold derivatives rather than gold itself; or, more likely, by "window dressing," by the bank's obtaining gold only overnight at monthly reporting periods, using "gold swaps," which could be quickly reversed until the next reporting period.
(In an interview published today, the chairman of the Swiss National Bank said its creation of a sovereign wealth fund was "unthinkable" and that "the SNB cannot simply use some tricks to circumvent the will of the people. I rule that out categorically." See: http://www.gata.org/node/14733.)
3) "It is unknown," the Deutsche Bank report says, "to what extent the major central banks engage in gold swap and repo transactions, since official statistics no longer disaggregate these."
That is, the actual location and disposition of government gold reserves are secrets far more sensitive than the location and disposition of nuclear weapons, since, as was confirmed in the secret March 1999 report of the staff of the International Monetary Fund to the IMF's Board of Directors, gold reserves are frequently used by central banks for all sorts of market rigging --
-- while nuclear weapons are extremely unlikely ever to be used.
4) The delay in the German Bundesbank's repatriation of its gold reserves from the United States likely has been caused not by any logistical problem but rather by "diplomatic difficulties."
The Deutsche Bank report is posted at GATA's Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

GATA | THE GATA DISPATCH - November 16, 2014: Low gold prices set off buying surge in UAE / Swiss National Bank chairman forswears 'tricks' to circumvent gold referendum / Koos Jansen: Who's feeding China's gold hunger?.

Low gold prices set off buying surge in UAE

Submitted by cpowell on November 16, 2014. 
By Manoj Nair
Gulf News, Dubai, United Arab Emirates
Sunday, November 16, 2014
DUBAI, United Arab Emirates -- Shoppers of gold and jewellery in the UAE have never been in need of a reason or an excuse to buy. There would always be an occasion coming along to indulge in purchases at various times through an year, and if any incentive was needed it would be provided by the generous seasonal promotions such as daily raffles and 1 kilogram of gold as takeaways.
But the ongoing softness in global gold prices is prompting more shoppers to snap up more of the metal in its various forms. According to estimates from the local jewellery trade, retail offtake for the full year in the UAE could be up by 15-20 percent in volume terms (in kilograms) compared with 2013. If only the second half of the year is taken into account, which was when prices started to show real weakness, volume gains could even be in the 40-percent range. ...
... For the remainder of the report:
_____________________________________________________________________________________________

Swiss National Bank chairman forswears 'tricks' to circumvent gold referendum

Submitted by cpowell on  Sunday, November 16, 2014. 
SNB Head Says No Sovereign Fund for Gold if Referendum Passes
By Katharina Bart
Reuters
Sunday, November 16, 2014
ZURICH, Switzerland -- The chairman of the Swiss central bank ruled out creating a sovereign wealth fund to manage Switzerland's gold reserves if a referendum on banning the bank from selling them passes, according to a newspaper interview published on Sunday.
The "Save our Swiss gold" proposal, spearheaded by the right-wing Swiss People's Party (SVP), will be put to a plebiscite on Nov 30. ...
Asked whether the SNB could set up a fund to manage its gold, chairman Thomas Jordan said such a move -- which some currency dealers have speculated about -- was "unthinkable."
"The SNB cannot simply use some tricks to circumvent the will of the people. I rule that out categorically," he told weekly paper Sonntagszeitung. ...
... For the remainder of the report:
_____________________________________________________________________________________________

Koos Jansen: Who's feeding China's gold hunger?

Submitted by cpowell on 06:28PM ET Saturday, November 15, 2014. Section: Daily Dispatches
9:29p ET Saturday, November 15, 2014
Bullion Star market analyst Koos Jansen, a GATA consultant, tonight reviews figures for gold exports to China on a nation-by-nation basis. He concludes that demand for gold in China remains strong and is running at more than twice the amount reported by the World Gold Council. Jansen's commentary is headlined "Who's Feeding China's Gold Hunger?" and it's posted at Bullion Star here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.