Daily Dispatches

Roberts and Embry interviewed by GoldSeek Radio

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9:05p ET Monday, September 5, 2016

Dear Friend of GATA and Gold:

GoldSeek Radio's Chris Waltzek does excellent interviews this weekend with former U.S. Assistant Treasury Secretary Paul Craig Roberts and Sprott Asset Management's John Embry.

Barrick to focus on scaled-back Pascua-Lama project in Argentina

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By Susan Taylor
Reuters
Thursday, September 1, 2016

TORONTO -- Barrick Gold Corp, the world's largest gold miner, said Thursday it has brought back a former executive to advance a scaled-back development plan for its suspended Pascua-Lama project that will first focus on Argentina.

Miners' second-quarter gold hedging is highest for six years

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From Reuters
Friday, September 2, 2016

Gold mining companies expanded the global hedge book by a further 21 tonnes in the second quarter to the highest level in six years, an industry report showed on Friday.

Hedging, usually by selling future gold production forward, allows miners to lock in prices and guarantee returns for their output.

Zero Hedge: Deutsche Bank tries to explain why it failed to deliver gold as promised

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1:15p ET Friday, September 2, 2016

Dear Friend of GATA and Gold:

Zero Hedge today summarizes developments in what seems to be the default of a bank-backed commodity fund in Germany to deliver gold to investors as was promised. Zero Hedge's report is headlined "Deutsche Bank Tries to Explain Why It Did Not Deliver Physical Gold, Fails" and it's posted here:

GATA board member Ed Steer interviewed about gold market manipulation

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8:41a ET Friday, September 2, 2016

Dear Friend of GATA and Gold:

Asia loosens London’s grip on FX trading

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By Katie Martin
Financial Times, London
Thursday, September 1, 2016

London is losing its grip on a global currencies-trading business that is tilting toward Asia, the latest benchmark survey of the industry from the Bank for International Settlements reveals.

Ted Butler: How prices get set

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11:19a ET Thursday, September 1, 2016

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler writes today that the futures markets for commodities in the United States now are so much bigger than their corresponding physical markets that they are controlling prices without regard to supply and demand for the real stuff.

Koos Jansen: Why are Chinese banks holding gold?

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3:20p ET Wednesday, August 31, 2016

Dear Friend of GATA and Gold:

Zero Hedge: Someone just dumped $5 billion in notional gold into the futures market

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From Zero Hedge
New York
Wednesday, August 31, 2016

Gold futures are near the psychologically important $1,300 once again as someone decided that this morning was the perfect time to dump $4.7 billion in notional gold into the futures markets. ...

... For the remainder of the report:

Bond king Gross says Fed has 'mastered market manipulation'

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Where has he been all this time? And he doesn't know the half of it. But better late than never.

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By Jeff Cox
CNBC, New York
Wednesday, August 31, 2016

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