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India's move to douse gold demand unlikely to succeed Submitted by cpowell on 10:54AM ET Thursday, June 6, 2013. Section: Daily Dispatches By Biman Mukherji The Wall Street Journal Thursday, June 6, 2013 http://online.wsj.com/article/SB1000142412788732384480457852850262454278... NEW DELHI -- India's decision to raise the import tax on gold for the third time in 18 months is unlikely to help the government narrow a widening trade deficit and may only drive trade to illegal channels, traders and analysts said Thursday. The government late Wednesday increased the import tax on refined gold to 8% from 6% and on gold ore and intermediate products to 7% from 5%. The tax hikes are meant to reduce demand for imported gold, which has worsened India's trade deficit and pushed the rupee this month to the verge of all-time lows against the U.S. dollar. Related The latest tax increase followed a surge in demand since mid-April, as the internationa

GEAB letter: What happens when the paper gold fraud is understood? Submitted by cpowell on 08:44AM ET Thursday, June 6, 2013. Section: Daily Dispatches 11:30a ET Thursday, June 6, 2013 The Global Europe Anticipation Bulletin (GEAB), the economic newsletter published by the European Laboratory of Political Anticipation, seems to have figured out the gold price suppression scheme and particularly the fraudulence of paper gold. In its May 16 edition, the GEAB says: "Whilst paper gold saw a scary crash in mid-April, the demand for physical gold has never been as high, which confirms the complete decoupling between the paper gold and physical gold markets. What happens when everyone realises that paper gold certificates have no physical counterpart? When the title document to an ingot can't be honoured? The paper in question has no value.  "We must therefore expect more volatility in the paper gold price. This is why some brokers won't all

GoldMoney's Macleod interviews GATA secretary on gold price suppression Submitted by cpowell on 05:43AM ET Thursday, June 6, 2013. Section: Daily Dispatches 8:42a ET Thursday, June 6, 2013 GoldMoney's research director, Alasdair Macleod, this week interviewed your secretary/treasurer about gold price suppression, GATA's work exposing it, and the refusal of most of the mainstream financial news media to examine the issue. The interview is 23 minutes long and can be heard at GoldMoney's Internet site here: http://www.goldmoney.com/podcast/gata-s-chris-powell-speaks-with-alasdai... CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.