Daily Dispatches

Central banks' gold suppression will fail, maybe any day now, Sprott tells KWN

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8:50p ET Wednesday, January 28, 2015

Dear Friend of GATA and Gold:

Volatility in currencies signals that central banks are losing control while investors increasingly move into physical gold, straining central bank supplies to the market, Sprott Asset Management founder Eric Sprott tells King World News tonight.

Central banks irrelevant? Doug Casey says yes but his chief economist disagrees

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7:19p ET Wednesday, January 28, 2015

Dear Friend of GATA and Gold:

NY Fed's auxiliary gold vault may be JPM's and a device of foreign policy

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4:35p ET Wednesday, January 28, 2015

Dear Friend of GATA and Gold:

Singapore becomes ninth country to weaken currency this month

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Singapore Dollar Is Weakest Since 2010

By Sharon Chen
Bloomberg News
Wednesday, January 28, 2015

SINGAPORE -- Singapore unexpectedly eased monetary policy, sending the currency to the weakest since 2010 against the U.S. dollar as the country joined global central banks in shoring up growth amid dwindling inflation.

German regulator sees only scattered, individual efforts to manipulate gold price

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German Watchdog Sees No Signs of Gold, Forex Manipulation

By Thomas Atkins
Reuters
Tuesday, January 27, 2015

FRANKFURT, Germany -- Investigators at German financial watchdog Bafin have not discovered any signs of systemic efforts to manipulate currency benchmarks, rather, only individual efforts, banking supervisory head Raimund Roeseler said in a newspaper interview today.

JPMorgan said to reap up to $300 million amid Swiss turmoil

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By Julia Verlaine
Bloomberg News
Monday, January 27, 2015

JPMorgan Chase & Co.'s foreign-exchange traders reaped a gain of as much as $300 million after the Swiss central bank roiled markets by abolishing its cap on the franc, according to two people with knowledge of the matter.

TF Metals Report: Inherent unfairness in the gold futures market

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3:03p ET Tuesday, January 27, 2015

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson today provides his own indictment of the gold futures market, where infinite imaginary supply can be created at any moment to suppress the price. Ferguson's commentary is headlined "Inherent Unfairness" and it's posted at the TF Metals Report here:

Technical analysts have a right to be angry, but not at 'gold bugs'

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2:42p ET Tuesday, January 27, 2015

Dear Friend of GATA and Gold:

In an essay headlined "Decoding the Gold COTs: Myth vs. Reality," market analyst Dan Norcini notes that futures markets have a huge influence on commodity prices and that market participants often place trades there first in anticipation of placing trades in the cash market:

German probe finds no signs of manipulation in gold market

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By Shane Strowmatt and Nicholas Comfort
Bloomberg News
Tuesday, January 27, 2015

FRANKFURT, Germany -- Germany's financial regulator BaFin has found no evidence to support allegations of manipulation in the gold market or that currency exchange rates were systematically rigged, according to its head of banking supervision, Raimund Roeseler.

Russia buys gold for ninth month, but IMF was wrong about purchase by Netherlands

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By A. Ananthalakshmi
Reuters
Tuesday, January 27, 2015

SINGAPORE -- Russia extended its buying spree of gold to a ninth straight month, and the price of gold rose for the first time in five months, data from the International Monetary Fund showed today.

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