Daily Dispatches

BitGold/GoldMoney aims to eliminate need for gold ETFs

Section:

12:34p SGT Friday, April 15, 2016

Dear Friend of GATA and Gold:

China may have $1.3 trillion of risky loans, IMF report shows

Section:

Another reason for devaluation.

* * *

From Bloomberg News
Thursday, April 14, 2016

China may have $1.3 trillion loans extended to borrowers who don't have sufficient income to cover interest payments, with potential losses equivalent to 7 percent of the country's gross domestic product, according to the International Monetary Fund.

Deutsche Bank admits it manipulated gold as well as silver market with other banks

Section:

Deutsche Bank Settles Silver, Gold Price Manipulation Suits

By Christie Smythe
Bloomberg News
Thursday, April 14, 2016

Deutsche Bank AG has reached settlements in lawsuits over allegations it manipulated gold and silver prices, lawyers for traders of the commodities said in court filings.

Alasdair Macleod: The ECB and shadow banking

Section:

By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, April 14, 2016

Markets have fully adjusted to a financial world which reflects the leadership and management of money by central banks, and are increasingly frightened of any prospect of their control failing.

John Hathaway: Stage is set for gold's advance to all-time highs

Section:

11:53p SGT Thursday, April 14, 2016

Dear Friend of GATA and Gold:

Tocqueville Gold Fund manager John Hathaway's quarterly letter to shareholders argues that "the stage is set for a renewed advance toward all-time highs" for gold. His reasons:

Ronan Manly: Deutsche Bank will give evidence against other banks in silver rigging

Section:

5:13p SGT Thursday, April 14, 2016

Dear Friend of GATA and Gold:

Deutsche Bank to settle U.S. silver price-fixing litigation

Section:

By Jonathan Stempel
Reuters
Wednesday, April 13, 2016

NEW YORK -- Deutsche Bank AG has agreed to settle U.S. litigation over allegations it illegally conspired with Bank of Nova Scotia and HSBC Holdings to fix silver prices at the expense of investors, a court filing on Wednesday showed.

CME calls time on New York open outcry options floor

Section:

By Lindsay Whipp
Financial Times, London
Thursday, April 14, 2016

CHICAGO -- Another nail has been knocked into the coffin of commodities pit trading in America, as the Chicago Mercantile Exchange said it is to close its open outcry options floor in New York because of a lack of volume.

Is CME Group preparing for a Comex default?

Section:

3:10a SFT Thursday, April 14, 2016

Dear Friend of GATA and Gold:

China's big four banks, StanChart, ANZ to join yuan gold benchmark

Section:

By A. Ananthalakshmi
Reuters
Wednesday, April 13, 2016

Top Chinese banks, alongside Standard Chartered and ANZ, will be among 18 members to join a new yuan-denominated gold benchmark that signals China's biggest step toward becoming a price-setter for the metal.

Syndicate content