Reply to Ross Norman: Is GATA discouraging gold investment?

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2:16p ET Monday, October 17, 2016

Dear Friend of GATA and Gold:

Under the circumstances Ross Norman, CEO of London bullion dealer Sharps Pixley, was pretty heroic with his cordial reply today --

http://www.gata.org/node/16842

-- to the questions your secretary/treasurer publicly posed to him Saturday:

http://www.gata.org/node/16839

China, Singapore boost gold pricing campaign in push for Asia

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By Manolo Serapio Jr and Koustav Samanta
Reuters
Monday, October 17, 2016

SINGAPORE -- China is marketing its yuan gold price to foreign exchanges and Singapore is looking at bringing London's gold benchmark to users in Asia, in moves meant to boost the region's exposure and influence in the global bullion market. ...

Singapore makes another bid for Asia to help set gold price

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By Manolo Serapio Jr.
Reuters
Monday, October 17, 2016

SINGAPORE -- Singapore will study the possibility of bringing the gold benchmark pricing in London to users in Asia in a move that would also allow market participants in the world's top consuming region to help set the price of bullion.

Ross Norman: Central bank manipulation of gold wouldn't surprise me

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By Ross Norman, CEO
Sharps Pixley Bullion Brokers, London
Sunday, October 16, 2016

GATA Secretary Chris Powell has invited me to reply to his October 15 commentary --

http://www.gata.org/node/16839

-- in which he replied to my article of the 14th, wherein I rebutted an academic study that concluded that the London gold price fix was manipulated:

ICE will start gold futures for clearing London's daily auction

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By Eddie Van Der Walt and Ranjeetha Pakiam
Bloomberg News
Sunday, October 16, 2016

Intercontinental Exchange Inc., which runs the daily London gold auction, will start a futures contract for the metal in the United States in February, jumping the gun on the London Metal Exchange, which is also working on a London-focused product.

Gold is actually doing great, von Greyerz tells King World News

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9p ET Sunday, October 16, 2016

Dear Friend of GATA and Gold:

A few questions for Sharps Pixley CEO Ross Norman and other bullion bankers

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2:50p ET Saturday, October 15, 2016

Dear Friend of GATA and Gold:

Ross Norman, CEO of London bullion dealer Sharps Pixley, yesterday disputed the 2013 study by a professor at the University of Western Australia that concluded that prices in the twice-daily London gold fixings were manipulated, a study publicized this week by the Sydney-based newspaper The Australian:

Bank of England warns UK's elected officials that it runs the country

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Carney: Bank of England Will Tolerate Higher Inflation for the Sake of Growth

By Szu Ping Chan and Tim Wallace
The Telegraph, London
Friday, October 14, 2016

The Bank of England is prepared to tolerate higher inflation over the next few years and will keep interest rates low to support economic growth, according to Governor Mark Carney.

China moves closer to coming off U.S. currency watch list

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By Shawn Donnan
Financial Times, London
Friday, October 15, 2016

The Obama administration has taken a step toward dropping China from a U.S. currency manipulation watchlist even as Republican candidate Donald Trump promises to declare Beijing a manipulator on Day 1 of his presidency.

Perth Mint 'tests out' Indian gold import excise abuse

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By Paul Garvey
The Australian, Sydney
Saturday, October 15, 2016

The Perth Mint sent an estimated $1 billion worth of gold to India for refining without the apparent consent of its Australian customers, with the West Australian government-owned refiner being dragged into a court case examining the alleged abuse of an Indian excise rebate scheme.