China gold premiums near 3-year high while cash crunch curbs Indian demand

Section:

By Sethuraman N.R. and Rajendra Jadhav
Reuters
Friday, December 2, 2016

Gold premiums in China held near three-year highs this week amid limited supply of the precious metal, with traders saying Beijing was restricting imports, while prices in India swung to a discount as a severe cash crunch dampened appetite.

How the gold banking system operates for surreptitious price suppression

Section:

10:36a ET Saturday, December 3, 2016

Dear Friend of GATA and Gold:

Bullion Star in Singapore this week produced a primer about the international gold banking system, showing how central banks use it to create a vast amount of imaginary "paper gold" for largely surreptitious price suppression in defense of their own currencies.

Deutsche Bank to pay $60 million to settle U.S. gold price-fixing case

Section:

By Jonathan Stempel
Reuters
Friday, December 2, 2016

NEW YORK -- Deutsche Bank has agreed to pay $60 million to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense.

The preliminary settlement was filed today with the U.S. District Court in Manhattan and requires a judge's approval.

Court allows IRS to seek user info from blockchain firm Coinbase

Section:

By Ismail Shakil and Sruthi Shankarin Bengaluru
Reuters
Thursday, December 1, 2016

A federal court in California on Wednesday allowed the Internal Revenue Service to seek three years of information from blockchain firm Coinbase Inc. about its American users, the U.S. Department of Justice said.

TF Metals Report: U.S. economic data shows weakness, not strength

Section:

11:34a ET Friday, December 2, 2016

Dear Friend of GATA and Gold:

The TF Metals Report today details how the U.S. economic data that is being spun to suggest strength actually demonstrates appalling weakness. The report is headlined "More BLS BS" and it's posted here:

http://www.tfmetalsreport.com/blog/8022/more-bls-bs

CHRIS POWELL, Secretary/Treasurer

No limit on holding gold if it matches income declaration, Indian govt. says

Section:

By the Press Trust of India
via the Hindustan Times, New Delhi
Friday, December 2, 2016

The government on Thursday sought to quell rumors by clarifying that there is no limit on legitimate holding of gold and jewellery, including from inheritance, and there would be no seizure of bullion up to a certain limit even if that does not seem to match income.

Lawrie Williams: Major gold price divergence between Shanghai and London

Section:

7p ET Thursday, December 1, 2016

Dear Friend of GATA and Gold:

Alasdair Macleod: Credit cycles and gold

Section:

By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, December 1, 2016

The Trump shock produced some unexpected market reactions, partly explained by investors buying into a risk-on argument,equities over bonds and buying dollars by selling other currencies and gold.

GoldSeek Radio's Chris Waltzek interviews Sprott's John Embry

Section:

3:15p ET Thursday, December 1, 2016

Dear Friend of GATA and Gold:

China tightens gold import quotas to curb dollar outflow

Section:

By Henry Sanderson and Lucy Hornby
Financial Times, London
Wednesday, November 30, 2016

China has curbed gold imports in the wake of government attempts to clamp down on capital leaving the country, according to traders and bankers.