Daily Dispatches

In India broadcast, GATA secretary slams central bank gold rigging and ETFs

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11:45p SGT Wednesday, April 13, 2016

Dear Friend of GATA and Gold:

China's yuan gold benchmark to launch with 18 members, source tells Reuters

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By A. Ananthalakshmi
Reuters
Wednesday, April 13, 2016

SINGAPORE -- Top Chinese banks and gold miners, along with the world's biggest jewellery retailer, will be among 18 members taking part in Beijing's new yuan-denominated gold benchmark, a source familiar with the matter said.

GATA Chairman Murphy interviewed by CrushTheStreet.com

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1:26p SGT Wednesday, April 13, 2016

Dear Friend of GATA and Gold:

'Systemically important,' derivatives hustler CME Group gets account at Fed

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CME Group Says It Is Preparing to Open Account at the Fed

By Ann Saphir
Reuters
Tuesday, April 12, 2016

CME Group Inc. said on Tuesday it has received notice from the Federal Reserve that it is authorized to open an account at the U.S. central bank, allowing it to better safeguard cash deposited by its traders.

Former Yellen adviser proposes sweeping reform of Fed system

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By Craig Torres
Bloomberg News
Monday, April 11, 2016

A former aide to Federal Reserve Chair Janet Yellen has broken ranks with his former employer and issued a blueprint for a sweeping reform of the U.S. central bank, including regular government audits and shorter term limits for policy makers.

Strength of HUI gold share index impresses Embry

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4:55p SGT Tuesday, April 12, 2016

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry, interviewed by King World News, says gold price suppression is showing strains, the strength of the gold mining index HUI is impressive, and the Sprott silver fund is about to take a huge chunk of metal off the market. An excerpt from the interview is posted at KWN here:

Bloomberg TV and Times of India TV interview GATA secretary about gold market rigging

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3:55p SGT Tuesday, April 12, 2016

Dear Friend of GATA and Gold:

Miners union accepts Sibanye Gold's wage offer, cancels strike

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By Stella Mapenzauswa and Zandi Shabalala
Reuters
Sunday, April 10, 2016

JOHANNESBURG, South Africa -- South Africa's Association of Mineworkers and Construction Union (AMCU) said on Sunday it had agreed to take a new wage offer from Sibanye Gold and had called off a strike.

Comex gold contracts likely no good for Islamic finance plan

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Gold Standard in Islamic Finance 'Almost There' for Submission

By Claudia Carpenter
Bloomberg News
Monday, April 10, 2016

Gold products used in Islamic finance would need to be physically-backed and allocated to the underlying asset, according to a draft of a standard for Shariah gold being developed.

India subverted customs reporting rules to facilitate gold leasing in 1991

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1991's Golden Transaction

By C. Rangarajan
The Indian Express, Mumbai
Monday, March 28, 2016

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