Daily Dispatches

Big banks plead guilty to currency market-rigging conspiracy, will pay $5.8 billion

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So much for mere conspiracy "theory."

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Six Banks Pay $5.8 Billion, Five Plead Guilty to Market Rigging

By David McLaughlin, Tom Schoenberg, Liam Vaughan
Bloomberg News
Wednesday, May 20, 2015

Goodbye, zinc rally: CME Group creates futures contract, engages JPM to rig price

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By Luc Cohen
Reuters
Monday, May 18, 2015

CME Group Inc. said on Monday it would launch a zinc futures contract next month, stepping up a global battle for metals market share with the London Metal Exchange amid expanding Asian markets.

Why India's latest gold paperization scheme will fail like the last one

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Gold Monetization: Tax-free Interest on Deposits Is Good but Scheme May Fall Short on Many Counts

By S. Murlidharan
Firstpost, Noida, India
Wednesday, May 20, 2015

http://www.firstpost.com/business/gold-monetisation-tax-free-interest-on...

Correspondence: How do the market riggers rationalize what they do?

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Tuesday, May 19, 2015

Dear GATA:

I just listened to GATA Secretary/Treasurer Chris Powell's interview with Dave Kranzler and Rory Hall on last week's "Shadow of Truth" program --

http://www.gata.org/node/15341

TF Metals Report: GLD drain accelerates again

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1p ET Tuesday, May 19, 2015

Dear Friend of GATA and Gold:

Gold market moving away from London, Alasdair Macleod tells 'Shadow of Truth'

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12:20p ET Tuesday, May 19, 2015

Dear Friend of GATA and Gold:

The link below is corrected to reflect a change in the original link.

India would offer tax exemption for earnings in gold paperization scheme

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India Moves a Step Closer to Tapping 20,000-Ton Gold Hoard

By Siddhartha Singh and Swansy Afonso
Bloomberg News
Tuesday, May 19, 2015

India will allow citizens to deposit gold with banks to earn interest as the world's second-biggest consumer seeks to cut reliance on imports by tapping idle bullion lying with households.

Jim Rickards: China wants gold so it can share market-rigging power

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8:50a ET Tuesday, May 19, 2015

Dear Friend of GATA and Gold:

In the latest edition of his newsletter, Strategic Intelligence, James G. Rickards elaborates on a point often made by your secretary/treasurer, as last week in an interview with Dave Kranzler and Rory Hall on their "Shadow of Truth" program:

http://www.gata.org/node/15341

China's gold accumulation goes far beyond the vaults, Future Money Trends notes

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11:25p ET Monday, May 18, 2015

Dear Friend of GATA and Gold:

A seven-minute video produced by Future Money Trends notes that China's gold accumulation extends far beyond the vaulting of refined metal -- that China is accumulating even more gold by purchasing mining properties around the world. The video is posted at You Tube here:

Turk expects seizure of Greek bank deposits to trigger gold and silver breakout

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10:30p ET Monday, May 18, 2015

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk tells King World News today that he still thinks Greece will be the trigger for breakouts for gold and silver as the European Central Bank ends up seizing Greek bank deposits just as bank deposits in Cyprus were seized. Turk's interview is posted at the KWN blog here:

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