Daily Dispatches

Options expiration's influence on gold cited by Eric Sprott

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4:30p ET Friday, July 25, 2014

Dear Friend of GATA and Gold:

Sprott Asset Management's Eric Sprott, interviewed today by Sprott Money News for the weekly market wrapup, joins those calling attention to the suppressive influence on the gold price by the imminent futures contract options expiration. The interview is six minutes long and can be heard at the Sprott Money Internet site here:

Maguire says CME aids gold price rigging; Hugo S-P warns of threat to cash

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2p ET Friday, July 25, 2014

Dear Friend of GATA and Gold:

The Chicago Mercantile Exchange this month reduced margin requirements for gold futures contracts to protect investment banks that were naked short and vulnerable to a squeeze, London metals trader Andrew Maguire tells King World News in the first installment of a two-part interview today.

India's gold import restrictions turn into political patronage for trading houses

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Gold War: Traders Lock Horns with Star Trading Houses

By Ram Sahgal
The Times of India, Mumbai
Friday, July 25, 2014

http://economictimes.indiatimes.com/markets/commodities/gold-war-traders...

Indian gold imports fell 25% over year -- not counting smuggling, of course

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Gold Imports Stood at 638 Tonnes in 2013-14

By the Press Trust of India
via Financial Express, New Delhi
Friday, July 25, 2014

http://www.financialexpress.com/news/gold-imports-stood-at-638-tonnes-in...

Gold imports in 2013-14 stood at 638 tonnes, a decline of 25 per cent over the previous fiscal year, Parliament was informed today.

Gold price suppression elicits more notice

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11:42p ET Friday, July 25, 2014

Dear Friend of GATA and Gold:

Evidence of gold price suppression ahead of futures contract options expiration abounds and is remarked upon by today's commentary by GoldCore's Mark O'Byrne --

https://www.goldcore.com/goldcore_blog/Gold_Lockdown_Until_Options_Expir...

The strange case of Germany's gold -- an interview with Peter Boehringer

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11:26a ET Friday, July 25, 2014

Dear Friend of GATA and Gold:

Interviewed by Andrew Schiff for the summer edition of Euro-Pacific Capital's Global Investor Newsletter, Peter Boehringer of the campaign to repatriate Germany's gold reserves explains how the recent Bloomberg News report on the issue was so misleading and elaborates on the fraud of the fractional-reserve gold banking system.

Markets are at unprecedented extremes, Kaye tells KWN

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9:45p ET Thursday, July 24, 2014

Dear Friend of GATA and Gold:

Hong Kong fund manager William Kaye today tells King World News that markets are at unprecedented extremes and so he is hesitant to make predictions but thinks gold and silver will rebound after futures options expiration next week:

Lawsuit charges that half of Chicago futures are illegal 'wash' trades

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9:34p ET Thursday, July 24, 2014

Dear Friend of GATA and Gold:

Jim Sinclair calls attention to a report by Pam Martens of Wall Street on Parade about a lawsuit charging that half of all futures trades on the Chicago Mercantile Exchange are illegal "wash" trades, trades in which the buyer and seller are essentially the same party:

So what if there's no gold if people are happy to take paper and electrons?

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1:48p ET Thursday, July 24, 2014

Dear Friend of GATA and Gold:

Gold fund manager Egon von Greyerz, interviewed today by King World News, notes that gold deposit discoveries have collapsed and that the time required for turning a deposit into a mine has lengthened. Von Greyerz argues that this foretells much higher gold prices.

U.S. gold ETF delivers first physical bullion coins; holdings grow

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By Frank Tang
Reuters
Wednesday, July 23, 2014

NEW YORK -- Merk Gold Trust, a bullion-backed exchange-traded fund that allows its shares to be redeemed for physical gold, said on Wednesday it has made its first delivery in dozens of U.S. gold coins to an investor.

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