Daily Dispatches

India gold imports said to jump 582% on festival, wedding demand

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By Shruti Srivastava and Swansy Afonso
Bloomberg News
Wednesday, April 12, 2017

Gold imports by India are said to have jumped almost seven-fold in March from a year earlier as jewelers stocked up anticipating a demand recovery during the wedding season that began this month and the auspicious Hindu gold-buying day of Akshaya Tritiya.

CME Group to close CME Europe and CME Clearing Europe

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By Tonya Garcia
MarketWatch, New York
Wednesday, April 12, 2017

Derivatives marketplace CME Group Inc. said today that it will close its London-based derivatives exchange, CME Europe, and its clearing house, CME Clearing Europe, by the end of 2017.

Ignore the 'tape painting' in gold and silver, Turk tells KWN

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4:38p ET Monday, April 10, 2017

Dear Friend of GATA and Gold:

Silver shorting's only purpose is price suppression, Embry tells KWN

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12:30p ET Monday, April 10, 2017

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry tells King World News today that the only purpose of the fantastically huge short position in silver is price suppression in support of gold price suppression, both of which are needed to defend the fiat currency system. An excerpt from the interview is posted at KWN here:

Hong Kong to help Myanmar set up a gold exchange

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By Enouch Yiu
South China Morning Post, Hong Kong
Sunday, April 9, 2017

The operator of Hong Kong’s gold exchange is in talks to help the government of Myanmar establish a bourse in the country for trading the precious metal, according to Haywood Cheung Tak-hay, president of the Chinese Gold & Silver Exchange Society.

India's gold imports fall over 10 months but may be rebounding

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By the Press Trust of India
via The Times of India, Mumbai
Sunday, April 9, 2017

NEW DELHI -- India's gold imports witnessed a fall of about 24 percent to $23.22 billion in April-February period of the last fiscal year, which is expected to keep a lid on the current account deficit.

Total imports of the precious metal in the corresponding period of 2015-16 stood at $30.71 billion.

Lawrie Williams: China may have suspended gold reserve reporting

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11:48a AKT Sunday, April 9, 2017

Dear Friend of GATA and Gold:

Writing for Sharps Pixley, gold market analyst Lawrie Williams suspects that China has resumed concealing its gold purchases for long periods, withholding announcements until they are politically expedient:

Ed Steer: The powers-that-be were everywhere on Friday

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11:31p JST Sunday, April 9, 2017

Dear Friend of GATA and Gold:

Dubai exchange may launch gold contract for retail investors

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From Reuters
Saturday, April 8, 2017

The Dubai Gold and Commodities Exchange said today it was considering whether to launch a new spot gold contract designed to be used by retail investors and traders.

'This is the business we've chosen'

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5:17p HKT Saturday, April 8, 2017

Dear Friend of GATA and Gold:

Our friend E.S. writes:

"I thought your recent address to the two Asian mining conferences --

http://www.gata.org/node/17296

-- was unbeatable as a summary of what has happened and where we stand with respect to the gold issue.

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