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Showing posts with the label GATA .

GATA | THE GATA DISPATCH - April 5, 2016: China's Gold Intent - ICBC Bank Reclassified as an LBMA Market Maker.

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Submitted by cpowell on April 5, 2016 .  By Mark O'Byrne GoldCore, Dublin Tuesday, April 5, 2016

India's Gold bond Scheme is Structured to Cut Demand for Metal: GATA | THE GATA DISPATCH - September 15, 2015.

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India's gold bond scheme is structured to cut demand for metal Submitted by cpowell on  September 15, 2015 .  Tuesday, September 15, 2015 Writing today for the newspaper DNA in Mumbai, investment adviser Harsh Roongta explains, if a bit inadvertently, how the Indian government's gold bond scheme is structured to reduce demand for the monetary metal and thus push its price down. Roongta's analysis is headlined "Gold Bond Scheme Comes with Attendant Costs" and it's posted at DNA India here: http://www.dnaindia.com/money/ report-gold-bond-scheme-comes- with-attenda... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org

Bron Suchecki: A very silly think to think about Comex: GATA | THE GATA DISPATCH - August 8, 2015.

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Bron Suchecki: A very silly think to think about Comex Submitted by cpowell on Saturday, August 8, 2015 .    Saturday, August 8, 2015 Perth Mint research director Bron Suchecki today aims to clarify some assertions in this week's report by Zero Hedge about gold available for delivery on the New York Commodities Exchange. Suchecki writes that the operator of the exchange, CME Group, isn't bailing anyone out when gold is reclassified for delivery purposes in gold warehouses. Suchecki's commentary is headlined "A Very Silly Thing to Think about Comex" and it's posted at the Perth Mint's Internet site here: http://research.perthmint.com. au/2015/08/07/a-very-silly- thing-to-think-... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

Bron Suchecki: Will gold miners hedge, as in the 1990s, into a falling price? GATA | THE GATA DISPATCH - August 7, 2015.

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Bron Suchecki: Will gold miners hedge, as in the 1990s, into a falling price? Submitted by cpowell on Friday, August 7, 2015 .    Friday, August 7, 2015 Perth Mint research director Bron Suchecki writes today that while gold mining companies already running at a loss at the current low prices may have to hedge their production to survive, the practice will harm the industry generally if other companies engage in it. Suchecki's analysis is headlined "Will Gold Miners Hedge, As In the 1990s, Into a Falling Price?" and it's posted at the Perth Mint's Internet site here: http://research.perthmint.com. au/2015/08/06/will-gold- miners-hedge-like-... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org

Bron Suchecki: OCC's gold derivatives chart is wrong, and derivatives went down: GATA | THE GATA DISPATCH - June 30, 2015.

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Bron Suchecki: OCC's gold derivatives chart is wrong, and derivatives went down Submitted by cpowell on  Tuesday, June 30, 2015 .    Tuesday, June 30, 2015 Perth Mint market researcher Bron Suchecki writes today that Zero Hedge was wrong in asserting last night that the new quarterly report from the U.S. Office of the Comptroller of the Currency shows a huge increase in issuance of gold derivatives, because, Suchecki maintains, a chart in the OCC report is erroneous. Suchecki does not challenge Zero Hedge's larger assertion, that the report shows a fantastic increase in investment bank JPMorganChase's commodity market derivatives. Suchecki's analysis is headlined "Precious Metal Derivatives Decline 29%" and it's posted at the Perth Mint's Internet site here: http://research.perthmint.com. au/2015/06/30/precious-metal- derivatives-d... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Commit

GATA | THE GATA DISPATCH - April 9, 2015: Torgny Persson: Pro-gold governments and central banks

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Torgny Persson: Pro-gold governments and central banks Submitted by cpowell Thursday, April 9, 2015 . 7:15a ET  Friday, April 9, 2015 Bullion Star proprietor Torgny Persson writes this week that not all central banks are anti-gold. There are more or less pro-gold governments too, Persson writes, including those of China, Russia, Singapore, and even the super-government of Europe, the European Central Bank. Persson's commentary is headlined "Pro-Gold Governments and Central Banks" and it's posted at Bullion Star here: https://www.bullionstar.com/ blogs/bullionstar/pro-gold- governments-and-c... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

Somebody is regularly profiting by front-running the Reserve Bank of Australia: GATA | THE GATA DISPATCH - APRIL 8, 2015.

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Somebody is regularly profiting by front-running the Reserve Bank of Australia Submitted by cpowell on   Wednesday, April 8, 2015 .  ASIC Looks at RBA over Currency Trading Anomaly By Vesna Poljiak Sydney Morning Herald Wednesday, April 8, 2015 Unusual trading in the Australian dollar seconds ahead of each of the past three Reserve Bank of Australia policy outcomes could be a result of insider leaks, automated algorithmic trading during a market lull, or shrewd guesses.

GATA | THE GATA DISPATCH - February, 2015: Alasdair Macleod: Unemployment and groupthink.

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Alasdair Macleod: Unemployment and groupthink Submitted by cpowell on Friday, February 13, 2015.   Friday, February 13, 2015 Markets are moving now largely on the basis of government-sponsored disinformation, GoldMoney research director Alasdair Macleod writes today, but the dismal condition of the U.S. labor market cannot be concealed from anyone who is paying a little attention. Macleod's commentary is headlined "Unemployment and Groupthink" and it's posted at GoldMoney here: http://www.goldmoney.com/ research/analysis/ unemployment-and-groupthink?g. .. CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

GATA | THE GATA DISPATCH - February 4, 2015: Congress indignant: Why aren't our pots calling those kettles black?

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Congress indignant: Why aren't our pots calling those kettles black? Submitted by cpowell on  Wednesday, February 4, 2015.  Strong Dollar Revives Old Currency Angst By Shawn Donnan Financial Times, London Wednesday, February 4, 2015 WASHINGTON -- When Jack Lew, the US Treasury secretary, sits down on Thursday to brief the august members of the Senate finance committee on the presidents 2016 budget and plans for tax reform he will be bracing himself for a barrage of questions on at least one other subject. A strong dollar now hitting corporate profits and US exports and an accumulating number of moves by central banks around the world to weaken their own currencies has revived an old angst on Capitol Hill and yielded new battle lines for Congress and its currency warriors. Where once the target was China these days the push is for the administration to include tough provisions against currency manipulation in its trade agreements and particularly the Trans-Pacific

GATA | THE GATA DISPATCH - January 4, 2015: Gold researcher Dimitri Speck interviewed by Lars Schall about price suppression.

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Gold researcher Dimitri Speck interviewed by Lars Schall about price suppression Submitted by cpowell on  Sunday, January 4, 2015.  4:17p ET  Sunday, January 4, 2015 Dear Friend of GATA and Gold: Gold market researcher Dimitri Speck, a GATA consultant, has been interviewed by financial journalist Lars Schall about the German Bundesbank's efforts to repatriate Germany's gold from the United States. They also discuss the Western central bank gold price suppression scheme. The interview is six minutes long and can be viewed at Matterhorn Asset Management's Gold Switzerland Internet site here: http://goldswitzerland.com/ german-gold-repatriation-most- probably-contin... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

Fed audit legislation likely to get full vote in Congress this year Originally posted on December 31, 2014: GATA | THE GATA DISPATCH

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Fed audit legislation likely to get full vote in Congress this year Submitted by cpowell on January 1, 2015.  Congress Poised in 2015 to Order Audit of Federal Reserve Long Sought by Ron Paul By Stephen Dinan The Washington Times Wednesday, December 31, 2014 http://www.washingtontimes. com/news/2014/dec/31/federal- reserve-audit-pu... After years of being blocked by Democratic leader Harry Reid, the Senate will finally get a chance next year to vote on legislation to force a broad audit of the Federal Reserve's decision-making. Once championed in Congress by former Rep. Ron Paul, the push to force the country's central bank to undergo a full audit has been picked up by his son, Sen. Rand Paul, R-Kentucky, and others, and has the backing of the leader of the new Republican majority, Sen. Mitch McConnell, also a Kentucky Republican, whose office says the legislation will earn a floor vote. ... Dispatch continues below ...

GATA | THE GATA DISPATCH - December 20, 2014.

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Volcker lambasts Wall Street lobbying Submitted by cpowell on Saturday, December 20, 2014.  Tom Braithwaite and Richard Blackden Financial Times, London Friday, December 19, 2014 Paul Volcker, the former Federal Reserve chairman, has lambasted the "eternal lobbying" of Wall Street after regulators granted the industry more time to comply with a rule designed to prevent them from owning hedge funds. In a withering statement -- as much an attack on his successors at the Fed as a critique of banks -- Mr Volcker said: "It is striking that the world's leading investment bankers, noted for their cleverness and agility in advising clients on how to restructure companies and even industries, however complicated, apparently can't manage the orderly reorganisation of their own activities in more than five years." "Or do I understand that lobbying is eternal, and by 2017 or beyond, the expectation can be fostered that the law itself can be changed

GATA | THE GATA DISPATCH - November 25, 2014: Updated link for Ben Davies' 'Bubble-ology' on central banking's destruction of markets.

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Updated link for Ben Davies' 'Bubble-ology' on central banking's destruction of markets Submitted by cpowell on 11:29AM ET Monday, November 24, 2014. 7:38a ET  Tuesday, November 25, 2014 With his new study, "Bubble-ology," Hinde Capital CEO Ben Davies describes the "financialization" of the world economy by central banks, their market-destroying interventions and, really, their destruction of basic productivity. Davies' study has been posted at a link more accessible than the link dispatched to you yesterday. The new link: http://clearslide.com/v/re4krg CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

GATA | THE GATA DISPATCH - November 9, 2014: UBS to settle allegations over precious metals trading | Fraser Murrell: Permanent gold backwardation means a worldwide financial meltdown | GATA dollar, euro, pound, or bitcoin?.

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UBS to settle allegations over precious metals trading Submitted by cpowell on  Sunday, November 9, 2014. Daniel Schfer and James Shotter Financial Times, London Sunday, November 9, 2014 http://www.ft.com/intl/cms/s/ 0/428e1400-6804-11e4-bcd5- 00144feabdc0.html UBS is to settle allegations of misconduct at its precious metals trading business alongside a planned agreement between UK and US authorities and seven banks over accusations of foreign exchange market rigging. The Swiss lender is one of a group of banks including Barclays, Citigroup, HSBC, JPMorgan, and Royal Bank of Scotland that are set to announce an agreement of at least L1.5 billion on Wednesday to settle forex rigging allegations with the UK's Financial Conduct Authority.  Several US authorities are also expected to be part of the settlement, including the Office of the Comptroller of the Currency and the Commodity Futures Trading Commission in the US, while Swit

Swiss gold initiative advocates professionalize their campaign and need your help: GATA | GATA DISPATCH - October 27, 2014:

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Swiss gold initiative advocates professionalize their campaign and need your help Submitted by cpowell on  Monday, October 27, 2014.   Monday, October 27, 2014 The campaign in support of the gold referendum initiative in Switzerland on  November 30  has been professionalized, erecting a comprehensive Internet site -- http://gold-initiative.ch/ aktuell/ -- which, while in German, can be automatically translated into English if visited via a Google Chrome Internet browser. Donations in support of the campaign are being collected at the Gold Switzerland Internet site, operated by Matterhorn Asset Management, whose managing partner, Egon von Greyerz, is a primary proponent of the initiative: https://goldswitzerland.com/ swiss-gold-initiative-2014/ The referendum proposal would bar the Swiss National Bank from selling the country's gold reserves; require the bank to repatriate Swiss gold reserves from foreign vaults and vault all the national gold reserves in Sw

GATA | THE GATA DISPATCH - September 16, 2014: China advances gold exchange launch; Singapore delays contract.

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China advances gold exchange launch; Singapore delays contract Submitted by cpowell on Tuesday, September 16, 2014.  By A. Ananthalakshmi Reuters Tuesday, September 16, 2014 SINGAPORE -- China will launch its international gold exchange 11 days ahead of schedule, sources said today, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues. Asia, home to the world's top two gold buyers -- China and India -- has been clamouring to gain pricing power over the metal and challenge the dominance of London and New York in trading. The state-run Shanghai Gold Exchange will launch the global gold bourse in the Shanghai free-trade zone  on Thursday , two sources familiar with the matter told Reuters. The SGE had initially planned the launch for  Sept. 29 . ... ... For the remainder of the report: http://www.reuters.com/ article/2014/09/16/china-gold- contract-idUSL3N0RH... Join GA