Daily Dispatches

Forex's 'last look' practice gets curbed

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By Chiara Albanese
The Wall Street Journal
Wednesday, May 27, 2015

Two of the world's biggest currency-trading platforms plan to restrict a controversial industry practice in which banks can pull out of trades at the last moment if the market moves against them.

Austrian central banker acknowledges general trend toward gold repatriation

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Austria Plan to Repatriate Gold Not Linked to Brexit Talk: Nowotny

By Michael Shields
Reuters
Thursday, May 28, 2015

http://www.reuters.com/article/2015/05/28/us-austria-gold-nowotny-idUSKB...

Austrian central bank to repatriate some gold from London

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By Michael Shields
Reuters
Thursday, May 28, 2015

http://www.reuters.com/article/2015/05/28/austria-gold-idUSV9N0VR01A2015...

Austria's central bank plans to repatriate some of its gold reserves from Britain after facing criticism for storing too much of the precious metal abroad, the bank said today.

Direxion Asset Management closing 3X leveraged gold ETF

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Company Announcement
via PRNewswire
Tuesday, May 26, 2015

NEW YORK -- The Direxion Shares ETF Trust II has decided to liquidate and close the Direxion Daily Gold Bull 3X Shares (BAR) exchange-traded fund based on the recommendation of Direxion Asset Management LLC, the fund's sponsor.

Chinese mining group buys $710 million in gold and copper assets

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Chinese Firm Zijin Mining Group Buys US$710 Million in Gold and Copper Assets

By Jing Yang
South China Morning Post, Hong Kong
Wednesday, May 27, 2015

http://www.scmp.com/business/commodities/article/1810014/chinese-firm-zi...

LIBOR riggers included Bank of England's 'Hammer' in their e-mail plotting

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Bank of England Official Received Emails Relating to Libor Manipulation, Prosecutor Says

By David Enrich
The Wall Street Journal
Wednesday, May 27, 2015

LONDON -- A senior Bank of England official received emails that were part of an alleged campaign to rig benchmark interest rates, according to evidence presented in a London trial today.

Texas could create its own Fort Knox to store gold

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By Mike Ward
Houston Chronicle
Tuesday, May 26, 2015

http://www.houstonchronicle.com/news/politics/texas/article/Texas-could-...

AUSTIN, Texas -- Texas could get its own version of Fort Knox, the impenetrable repository for the nation's gold bullion, if the Legislature gets its way.

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

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