Daily Dispatches

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.

Gold's bull ride of the 1970s looks increasingly like gold's position today, Turk tells KWN

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9:15p ET Monday, January 26, 2015

Dear Friend of GATA and Gold:

Koos Jansen: India's silver exports rose to record in 2014

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8:26a ET Monday, January 26, 2015

Dear Friend of GATA and Gold:

Bank of England governor warns of liquidity storm as currency system turns upside down

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By Ambrose Evans-Pritchard and Szu Ping Chan
The Telegraph, London
Saturday, January 24, 2015

DAVOS, Switzerland -- The governor of the Bank of England has warned markets to brace for possible trouble in 2015 as the US Federal Reserve tightens monetary policy and liquidity evaporates, fearing that the new financial order has yet to face its first real test.

Biggest private fund in Finland says QE destroying price signals

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By Kati Pohjanpalo
Bloomberg News
Sunday, January 25, 2015

HELSINKI, Finland -- Finland's biggest private investor with $45 billion under management said asset purchases by the European Central Bank are undermining investors' ability to price bonds.

New York Fed's gold vaults' depositors and metal have been declining steadily

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12:20a ET Monday, January 26, 2015

Dear Friend of GATA and Gold:

Thailand bourse gearing up for gold exchange

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By Nuntawun Polkuamdee
Bangkok Post, Thailand
Monday, January 26, 2015

The Stock Exchange of Thailand is gearing up for the establishment of the country's first physical gold exchange after major gold dealers agreed to become members of the new spot gold exchange.

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