Daily Dispatches

Pat Heller: U.S. has rigged precious metals markets for 80 years

Section:

9:20p ET Thursday, April 10, 2014

Dear Friend of GATA and Gold:

Writing for Coin Week, Patrick Heller of Liberty Coin Service in Lansing, Michigan, provides a brief history of the U.S. government's mechanisms of surreptitious market intervention and headlines his commentary, "The U.S. Government Has Rigged Precious Metals Markets For 80 Years":

Another smashing of gold unlikely because it would unleash demand, Kaye says

Section:

5:42p ET Thursday, April 10, 2014

Dear Friend of GATA and Gold:

Hong Kong-based fund manager William Kaye today tells King World News that more smashing of the gold price seems unlikely because it would unleash unquenchable demand for real metal that isn't available:

Telegraph notes research on China's huge gold demand by GoldMoney's Macleod

Section:

China 'Has More Gold Than Official Figures Show'

By Olivia Goldhill
The Telegraph, London
Wednesday, April 9, 2014

http://www.telegraph.co.uk/finance/commodities/10753182/China-has-more-g...

China could be holding even more gold than previously realised, according to Alasdair Macleod, a researcher at online precious metals trader GoldMoney.

Leeb sees petro-dollar fading; Boyd acknowledges gold price is 'managed'

Section:

12:35a ET Wednesday, April 9, 2014

Dear Friend of GATA and Gold:

At King World News fund manager Stephen Leeb sees the world transitioning away from the petro-dollar into a mechanism pricing oil in a basket of currencies:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/8_Col...

SEC lawyer, retiring, says agency too timid with Wall Street misdeeds

Section:

By Robert Schmidt
Bloomberg News
Tuesday, April 8, 2014

A trial attorney from the Securities and Exchange Commission said his bosses were too "tentative and fearful" to bring many Wall Street leaders to heel after the 2008 credit crisis, echoing the regulator's outside critics.

Koos Jansen: China gold demand fell in last week of March but remains high

Section:

12:25a ET Wednesday, April 9, 2014

Dear Friend of GATA and Gold:

Updating the Chinese gold demand figures, gold researcher and GATA consultant Koos Jansen reports that demand for the last full week in March declined a bit over the year-to-date weekly average but remained high:

http://www.ingoldwetrust.ch/chinese-gold-demand-559-mt-ytd-up-16

CHRIS POWELL, Secretary/Treasurer

John Crudele: Did Goldman use HFT to rig markets for the U.S. government?

Section:

Goldman Keeps Its 'Flash Boys' Under Wraps

By John Crudele
New York Post
Monday, April 7, 2014

http://nypost.com/2014/04/07/goldman-keeps-its-flash-boys-under-wraps/

Yep, the stock market is rigged.

U.S. bristles at China's infringement of its monopoly on currency market rigging

Section:

US Warns China After Renminbi Depreciation

By Robin Harding and Josh Noble
Financial Times, London
Tuesday, April 8, 2014

The US has warned Beijing not to go back to manipulating its currency, following a sharp depreciation of the renminbi since the start of 2014.

Fed gives banks extra time for compliance with Volcker Rule

Section:

By Gina Chon
Financial Times, London
Monday, April 7, 2014

WASHINGTON -- The Federal Reserve granted a fresh concession to banks that are subject to the Volcker rule on Monday, giving them two more years to offload their holdings in collateralised loan obligations to comply with the measure.

At KWN, Turk cites gold backwardation, Embry cites gold lockdown

Section:

10:15a HKT Tuesday, April 8, 2014

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk today tells King World News about the growing backwardation in the gold market as central bank intervention increasingly distorts all major markets:

Syndicate content