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Gold backwardation is increasing, Arensberg's Got Gold Report says: GATA | THE GATA DISPATCH AUGUST 07, 2013.

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Gold backwardation is increasing, Arensberg's Got Gold Report says Submitted by cpowell on 10:54AM ET Wednesday, August 7, 2013. Section: Daily Dispatches 1:54p ET Wednesday, August 7, 2013 Backwardation in gold is increasing, the Got Gold Report's Gene Arensberg finds today. Arensberg writes: "Not only is the spot or cash price (the price for gold sold for immediate delivery) trading above the near active futures contract, but we are now seeing the near months' contracts trading at higher prices to months thereafter in the front part of the futures strip." Arensberg's commentary is headlined "Comex Gold Backwardation Continues" and it's posted at the Got Gold Report here: http://www.gotgoldreport.com/2013/08/comex-gold-backwardation-continues-... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

West does everything it can to disparage gold and China, Leeb says: GATA | THE GATA DISPATCH AUGUST 07, 2013

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West does everything it can to disparage gold and China, Leeb says Submitted by cpowell on 10:24AM ET Wednesday, August 7, 2013. Section: Daily Dispatches 1:25p ET Wednesday, August 7, 2013 Fund manager Stephen Leeb today gives King World News what may be his best interview yet, exposing the Western financial news media's distortion about Chinese gold demand, which, Leeb says, remains extraordinary. "The West is desperately throwing everything they can at gold and China, in an attempt to destroy investor psychology toward these two investment themes," Leeb says. "But it is becoming very apparent that gold and the yuan are becoming the next big thing in the currency world." An excerpt from the interview is posted at the King World News blog here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/8/7_Chi... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.