Daily Dispatches

Mike Kosares: Why is gold up so much today?

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12:24p ET Thursday, February 11, 2016

Dear Friend of GATA and Gold:

Investors 'go bananas' for gold bars as global stock markets tumble

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By Elizabeth Anderson
The Telegraph, London
Thursday, February 11, 2016

BullionByPost, Britain's biggest online gold dealer, said it has already taken record-day sales of L5.6 million as traders pile into gold following fears the world is on the brink of another financial crisis.

Alasdair Macleod: Feb. 5 gold smash failed and gold outlook has improved

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11a ET Thursday, February 11, 2016

Dear Friend of GATA and Gold:

With characteristically British understatement, GoldMoney research director Alasdair Macleod writes today that the outlook for gold has "improved." He notes that the February 5 smashing of the gold futures market with the dumping of 10,000 contracts failed quickly.

World Gold Council celebrates the obvious about gold demand

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The world discerns easily enough where gold demand comes from. Why doesn't the World Gold Council ever attempt a report on gold supply trends? After all, that would require putting only a few more questions to certain governments and central banks.

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Central Banks and Chinese Buyers Helping to Spur Gold Demand, World Gold Council Says

By Susan Fenton
Reuters

Canada sells nearly half its gold reserves, 1.3 tonnes -- 1.7 tonnes remain

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By Monique Muise
Global News, Burnaby, British Columbia, Canada
Wednesday, February 10, 2016

The government of Canada sold nearly half its gold reserves in recent weeks, continuing a pattern of moving away from the precious metal as a government asset.

According to the International Monetary Fund's International Financial Statistics, Canada held 3 tonnes of gold reserves as of late 2015.

Gold strengthens as central bank money injections fail, Embry says

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10:22a ET Wednesday, February 10, 2016

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry tells King World News today that money injections by central banks are having less effect on the markets, that the gold price is showing strength, and that gold mining shares have never been as undervalued. An excerpt from the interview is posted at KWN here:

EU probes suspected rigging of $1.5-trillion debt market

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Jim Brunsden
Financial Times, London
Tuesday, February 9, 2016

BRUSSELS, Belgium -- European regulators have opened a preliminary cartel investigation into possible manipulation of the $1.5 trillion government-sponsored bond market, in the latest efforts to root out rigging involving financial traders.

Robert Appel: The gold price secret Wall Street doesn't want to talk about

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5:30p ET Tuesday, February 9, 2016

Dear Friend of GATA and Gold:

German-language interview with 'Big Reset' author Willem Middelkoop

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11:05a ET Tuesday, February 9, 2016

Dear Friend of GATA and Gold:

Six London Metal Exchange members resign, including Rio Tinto

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From Reuters
Friday, February 5, 2016

LONDON -- Half a dozen of the lowest-ranking members on the London Metal Exchange with no trading rights, including global miner Rio Tinto, have resigned, the LME said on Friday.

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