Jim Rickards: Gold is rising despite threat of higher interest rates

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9:12a ET Friday, November 17, 2017

Dear Friend of GATA and Gold:

Fund manager and author Jim Rickards writes this week that gold's trend has reversed upward, the price making higher highs and higher lows despite the threat of rising interest rates, and the trend will be supported by physical shortages.

Gillian Tett: Prepare to bet against bitcoin as it becomes civilized

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By Gillian Tett
Financial Times, London
Friday, November 17, 2017

In recent years, bitcoin has been the wild west of the financial world. Now, however, it is being civilised -- a touch.

In the coming weeks, the Chicago Mercantile Exchange plans to start listing bitcoin futures, with a centralised clearing mechanism.

Bitcoin is the new crisis currency

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By Rob Urban
Bloomberg News
Friday, November 17, 2017

About a third of the customers queuing at La Maison du Bitcoin's teller windows in Paris aren't speculating on the value of the cryptocurrency. They're sending digital money home to Africa.

Craig Hemke: Comparing digital metals

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3:35p Thursday, November 17, 2017

Dear Friend of GATA and Gold:

Writing for Sprott Money, the TF Metals Report's Craig Hemke marvels at how the volume of Comex silver futures contracts overwhelms the world's annual silver production, a disproportion unmatched by futures in other metals.

Hemke's commentary is headlined "Comparing Digital Metals" and it's posted at Sprott Money here:

Saudi regime expropriates detainees for their freedom

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Saudi Authorities Offer Freedom Deals to Princes and Businessmen

By Simeon Kerr
Financial Times, London
Thursday, November 16, 2017

Saudi authorities are negotiating settlements with princes and businessmen held over allegations of corruption, offering deals for the detainees to pay for their freedom, say people briefed on the discussions.

Twice burned -- how Mt. Gox's bitcoin customers could lose again

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By Alexandra Harney and Steve Stecklow
Reuters
Thursday, November 16, 2017

TOKYO -- When Mt. Gox, the world's largest bitcoin trading exchange, collapsed in early 2014, more than 24,000 customers around the world lost access to hundreds of millions of dollars' worth of cryptocurrency and cash.

Bank said to be informing against co-conspirators in Treasury bond rigging

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Wall St. Traders Secretly Used Chat Rooms to Rig Treasury Bond Prices, Lawsuit Says

By Kevin Dugan
New York Post
Thursday, November 16, 2017

Wall Street banks secretly shared client information in online chat rooms to rig auctions for the $14 trillion US Treasuries market, according to an explosive lawsuit filed in Manhattan federal court on Wednesday.

BIS official urges accountability while his press office rejects it

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2:33p ET Wednesday, November 15, 2017

Dear Friend of GATA and Gold:

Even as the Bank for International Settlements was refusing on Tuesday to answer GATA's questions about the bank's activity in the gold market --

http://www.gata.org/node/17793

German Precious Metals Association honors GATA consultant Dimitri Speck

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1:40p ET Wednesday, November 15, 2017

Dear Friend of GATA and Gold:

Financial analyst and GATA consultant Dimitri Speck, author of "The Gold Cartel," has been given the German Precious Metals Association's Winged Sculpture prize, which is awarded annually to people or projects whose work has engaged the public with precious metals and related topics.

The bitcoin exchange CME plans to use for futures is down

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By Camila Russo
Bloomberg News
Wednesday, November 15, 2017

This is exactly what the bitcoin futures naysayers have been warning about: One of the exchanges which CME Group Inc. would use to price the contracts is having serious issues.