Daily Dispatches

TF Metals Report: JPM seems to have stopped stacking Comex metal

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10:34a ET Tuesday, July 18, 2017

Dear Friend of GATA and Gold:

JPMorganChase & Co. seems to have gotten out of the Comex gold and silver markets in recent weeks, after accumulating huge stocks of both monetary metals, the TF Metals Report asserts today.

Proletarian Daily Mail blurts out truth that will never make Financial Times

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Gold Gains New Luster in Recent Months as Global Threats Grow

By Joanne Hart
Daily Mail, London
Sunday, July 16, 2017

Gold is one of the most unusual investments that anyone can make. It does not pay dividends, it does not produce earnings, and it does not make promises about growth prospects -- like most firms do.

Reuters: China may merge metals giants Minmetals and China National Gold

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By Kane Wu and Julie Zhu
Reuters
Tuesday, July 18, 2017

HONG KONG -- China is considering a merger between China Minmetals Corp, one of the country's largest miners and metals traders, and China National Gold Group, as Beijing pushes consolidation of its state-run firms, sources with knowledge of the matter said.

BNP Paribas fined $246 million over currency manipulation

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By Jesse Hamilton
Bloomberg News
Monday, July 17, 2017

BNP Paribas SA agreed to pay $246 million to settle Federal Reserve claims that the bank failed to keep its currency traders from using electronic chatrooms to manipulate prices, the U.S. central bank said in a statement today.

Avery Goodman: Bullion banks closed huge number of short positions last week

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12:52p ET Monday, July 17, 2017

Dear Friend of GATA and Gold:

LME hopes gold futures contract will be blueprint for reform

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By Henry Sanderson
Financial Times, London
Monday, July 17, 2017

The London Metal Exchange is looking to its first gold futures contract in 30 years as a blueprint for an overhaul of the 140-year-old exchange, which has been struggling in the face of fierce competition and tough market conditions.

Gold shops: Coming to a high street near you?

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By Jon Yeomans
The Telegraph, London
Sunday, July 16, 2017

Steer's Saturday Gold & Silver Digest letter posted at GoldSeek

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9:58a ET Sunday, July 16, 2017

Dear Friend of GATA and Gold:

GATA board member Ed Steer's Saturday letter for his Gold & Silver Digest is posted in the clear at GoldSeek here:

http://news.goldseek.com/GoldSeek/1500253200.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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Alasdair Macleod: The logic of modern gold standard

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By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, July 13, 2017

Russia's Sberbank begins physical gold trading on Shanghai exchange

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By Alexander Winning
Reuters
Thursday, July 13, 2017

MOSCOW -- Russia's biggest bank, Sberbank, said today that its Swiss subsidiary had begun trading physical gold on the Shanghai Gold Exchange.

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