UK failed to measure huge imports of gold after Brexit vote

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Oops! Experts' L6 Billion Blunder Sends UK Trade Deficit Soaring

By Philip Aldrick
The Times, London
Wednesday, December 7, 2016

Britain's trade deficit with the rest of the world is L6 billion larger than previously thought -- and at a record high -- because the nation's beancounters made a mistake in their sums.

Chile rejects attempt to block modified Barrick Gold mine project

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By Anthony Esposito and Susan Taylor
Reuters
Wednesday, December 7, 2016

Chile has rejected an attempt by local communities to block modifications needed to keep Barrick Gold Corp.'s controversial Pascua Lama project alive, a resolution by the ministerial committee involved showed on Wednesday.

Why do some nations hold more gold?

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By Will Railton
City AM, London
Wednesday, December 7, 2016

As an asset, gold is entirely speculative. It provides no income or dividends and has few industrial or medical applications. Investors buy it only in the confidence that humans' peculiar and enduring fascination with the lustrous metal will ensure its value through the decades and centuries to come.

Koos Jansen: Gold in London and Hong Kong is used to settle Comex futures

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2:27p ET Wednesday, December 7, 2016

Dear Friend of GATA and Gold:

On Kitco News, GATA chairman discusses government attacks on monetary metals

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12:36p ET Wednesday, December 7, 2016

Dear Friend of GATA and Gold:

Turkey's president urges people to favor lira and gold to end 'tyranny of the dollar'

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Turks Urged to Trust in Lira to Defeat 'Ttyranny of Dollar'

By Mehul Srivastava and Jonathan Wheatley
Financial Times, London
Wednesday, December 7, 2016

Brussels to fine three banks over Euribor rate rigging

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By Rochelle Toplensky and Martin Arnold
Financial Times, London
Tuesday, December 6, 2016

Brussels on Wednesday will hit HSBC, JPMorgan, and Credit Agricole with multimillion-euro fines for rigging the Euribor interest rate benchmark, closing a five-year cartel probe into a scandal that shook the financial world.

Governments, financial press falsify economic conditions, Embry tells KWN

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12:37p ET Tuesday, December 6, 2016

Dear Friend of GATA and Gold:

Governments and financial news organizations are falsifying the condition of the world's economy, Sprott Asset Management's John Embry tells King World News today, and the price action in the monetary metals is "ludicrous." Embry's comments are excerpted at KWN here:

King Report: Market rigging strives to save disintegrating Europe

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From The King Report
Burr Ridge, Illinois
Tuesday, December 6, 2016

As always when a political event occurs, be alert for central bank intervention.

Someone intervened in European stocks before European bourses opened Monday. Unlike previous interventions, the Brexit and Italian referendum manipulations are intended to save the European Union, not just banks or stocks.

CFTC leaves shaping position limits rule to Trump administration

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By Andrew Ackerman and Alexander Osipovich
The Wall Street Journal
Tuesday, December 6, 2016

WASHINGTON -- U.S. regulators failed to put the finishing touches on a much-debated, long-delayed rule to limit speculation in commodities like oil and gold, opting instead to propose a scaled-back version that leaves its outcome in the hands of the Trump administration.