Daily Dispatches

ECB poised to raise heat on Greece's beleaguered banks

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Claire Jones and Alex Barker
Financial Times, London
Tuesday, June 30, 2015

When the eurozone's central bankers meet in Frankfurt on Wednesday, they could make a decision that some officials fear could push one or more of Greece's largest banks over the edge.

Bron Suchecki: OCC's gold derivatives chart is wrong, and derivatives went down

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1p ET Tuesday, June 30, 2015

Dear Friend of GATA and Gold:

Perth Mint market researcher Bron Suchecki writes today that Zero Hedge was wrong in asserting last night that the new quarterly report from the U.S. Office of the Comptroller of the Currency shows a huge increase in issuance of gold derivatives, because, Suchecki maintains, a chart in the OCC report is erroneous.

OCC derivatives report suggests U.S. govt. has seized all commodity markets

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10:56p ET Monday, June 25, 2015

Dear Friend of GATA and Gold:

Citing the latest quarterly report of the U.S. Office of the Comptroller of the Currency, Zero Hedge concludes tonight that JPMorganChase has "cornered the commodity derivative market," the notional value of the investment bank's commodity derivative position having just exploded from around $200 billion to nearly $4 trillion.

S. Africa's gold mines offer wage increases of up to 13%

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By Kevin Crowley
Bloomberg News
Monday, June 29, 2015

South African gold-mining companies tabled a five-year wage offer to the industry's unions that falls short of demands for increases of more than 80 percent.

Koos Jansen: New Chinese fund cites gold's 'superiority'

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11:53a ET Monday, June 29, 2015

Dear Friend of GATA and Gold:

Alasdair Macleod: The euro crisis

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11:47a ET Monday, June 29, 2015

Dear Friend of GATA and Gold:

Dave Kranzler: Market intervention creep

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Don't Panic -- The Fed Is Control of the Markets

By Dave Kranzler
Investment Research Dynamics
Monday, June 29, 2015

If today's market action does not convince the last skeptics that the U.S. financial markets are completely rigged, nothing will.

Financial system cracks, gold somehow falls, no one in authority will ask why

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10:56a ET Monday, June 29, 2015

Dear Friend of GATA and Gold:

No one who has followed GATA for a while could have thought last night, as Greece collapsed financially and the foundations of the European Union and its currency were shaken, that gold would do anything but decline or be held steady under surreptitious central bank intervention in the markets.

TF Metals Report: The criminality of the Comex

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7p ET Sunday, June 28, 2015

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson tonight powerfully echoes a point long made by silver market rigging whistleblower Ted Butler: that the monetary metals futures markets have been captured by naked short-selling speculators and completely perverted to destroy price discovery in the markets they are supposed to be serving.

Greece to shut banks and stock exchange on Monday as crisis deepens

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By Lefteris Papadimas and John O'Donnell
Reuters
Sunday, June 28, 2015

Greece's banks and stock exchange will be shut on Monday after creditors refused to extend the country's bailout and savers queued to withdraw cash, taking Athens' standoff with the European Union and the International Monetary Fund to a dangerous new level. ...

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