Daily Dispatches

UBS to settle allegations over precious metals trading

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Daniel Schäfer and James Shotter
Financial Times, London
Sunday, November 9, 2014

http://www.ft.com/intl/cms/s/0/428e1400-6804-11e4-bcd5-00144feabdc0.html

UBS is to settle allegations of misconduct at its precious metals trading business alongside a planned agreement between UK and US authorities and seven banks over accusations of foreign exchange market rigging.

Fraser Murrell: Permanent gold backwardation means a worldwide financial meltdown

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11:20a ET Sunday, November 9, 2014

Dear Friend of GATA and Gold:

Australian scholar Fraser Murrell, a mathmetician and former stockbroker, argues today in commentary posted at MineWeb that, as the economist Antal Fekete has written, permanent backwardation in gold is the great threat to the world financial system, at least as it is now constituted as a fiat money system.

GATA dollar, euro, pound, or bitcoin?

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11:04a ET Sunday, November 9, 2014

Dear Friend of GATA and Gold:

With the monetary metals mining industry agreeing to die quietly and its investors dying with them, the World Gold Council celebrating watches for plutocrats as its industry dies --

https://twitter.com/GOLDCOUNCIL/status/528214829841264640/photo/1

Chinese and Canadian central banks agree to $30 billion currency swap

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By Andrea Hopkins
Reuters
Saturday, November 8, 2014

BEIJING -- The central banks of China and Canada have agreed to a currency swap worth 200 billion yuan ($32.67 billion) or C$30 billion, according to a Canadian government statement issued at a meeting of Asia Pacific nations on Saturday.

Ronan Manly: Why doesn't the World Gold Council care about Switzerland anymore?

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By Ronan Manly
Saturday, November 8, 2014

GATA's dispatch of a Bloomberg News story November 5, "World Gold Council Has Nothing to Say about Swiss Gold Referendum" --

http://www.gata.org/node/14664

GATA secretary to speak in London and Munich in December

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9:31a ET Saturday, November 8, 2014

Dear Friend of GATA and Gold:

Your secretary/treasurer is scheduled to speak in London and Munich in December.

No bear market in monetary metals, Roberts tells KWN, just a rigged one

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9:40p ET Friday, November 7, 2014

Dear Friend of GATA and Gold:

At KWN, Bill Kaye outlines the likely course of a short squeeze in gold

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2p ET Friday, November 7, 2014

Dear Friend of GATA and Gold:

John Crudele: U.S. economic growth is all illusion

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By John Crudele
New York Post
Thursday, November 6, 2014

As voters were coming out of the polls on Tuesday, pesky reporters were asking why they voted the way they did -- and what was going through their heads?

The most popular response -- from 45 percent of the voters -- was the economy.

Only 28 percent said their families were doing better financially.

Alasdair Macleod: Deflation comes knocking at the door

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11:30a ET Friday, November 7, 2014

Dear Friend of GATA and Gold:

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