GATA

Busted metals traders distract from larger manipulation problem

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10:14p ET Tuesday, May 26, 2015

Dear Friend of GATA and Gold:

China's currency 'no longer undervalued,' IMF says, clearing entry to SDRs

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By Tom Mitchell and Shawn Donnan
Financial Times, London
Tuesday, May 26, 2015

The International Monetary Fund has declared that China's currency is "no longer undervalued," marking a significant shift after more than a decade of criticism of Beijing's tight management of the renminbi.

Gold smuggling in India rises 900% to record

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Gold Smuggling at All-Time High, Seizures Total Rs 1,000 Crore

By Deeptiman Tiwary
The Times of India, Mumbai
Wednesday, May 27, 2015

Russia acquires gold as defense against 'political risks,' central banker explains

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By Elena Fabrichnaya and Alexander Winning
Reuters
Tuesday, May 26, 2015

Russia is increasing its gold holdings because gold is a reserve asset free from legal and political risks, a senior central banker said on Tuesday.

Koos Jansen: Chinese gold demand is stronger than ever but not THAT strong

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10:50a ET Tuesday, May 26, 2015

Dear Friend of GATA and Gold:

Gold demand in China as signified by offtake from the Shanghai Gold Exchange is stronger than ever, gold researcher and GATA consultant Koos Jansen reports today, but he adds that he is more than skeptical of a recent report in Taiwan's China Times --

http://www.gata.org/node/15347

TF Metals Report: Bullion banks now short 350% of all Comex gold and silver stocks

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11:51p ET Monday, May 25, 2015

Dear Friend of GATA and Gold: