Daily Dispatches

India to review gold policy after surge in imports

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By Manoj Kumar and Suvashree Choudhury
Reuters
Thursday, November 13, 2014

India is considering curbs on gold imports by private trading firms after foreign purchases surged in the past two months, two sources with direct knowledge of the matter said.

Putin stockpiles gold as Russia prepares for economic war

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By Andrew Critchlow
The Telegraph, London
Thursday, November 13, 2014

Russia has taken advantage of lower gold prices to pack the vaults of its central bank with bullion as it prepares for the possibility of a long, drawn-out economic war with the West.

Putin's trump card is to refuse dollars for Russian energy, Sperandeo tells KWN

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11:20p ET Wednesday, November 12, 2014

Dear Friend of GATA and Gold:

Gold has never been so much in backwardation, Turk tells King World News

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8:25p ET Wednesday, November 12, 2014

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk tells King World News tonight that gold has never been as backwardated as it is now and that a rally in the gold price always follows backwardation. An excerpt from the interview is posted at the KWN blog here:

Bud Conrad: 'Paper gold' and its effect on the gold price

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8:16p ET Wednesday, November 12, 2014

Dear Friend of GATA and Gold:

Today's market-rigging disclosures only hint at far greater offenses

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2:54p ET Wednesday, November 12, 2014

Dear Friend of GATA and Gold:

As much as we may claim some vindication from today's official confirmations of LIBOR and gold-market rigging --

http://www.gata.org/node/14706

http://www.gata.org/node/14707

-- they involve, after all, only the smaller participants, the investment banks that often function as agents for Western central banks.

Would you die on your feet or your knees -- or even win?

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2:21p ET Wednesday, November 12, 2014

Dear Friend of GATA and Gold:

IAMGold lays off 40% of management and quits World Gold Council

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IAMGOLD Reduces Executive Team by 40% and Takes Further Measures to Cut Costs

Company Statement via PR Newswire
Monday, November 10, 2014

Swiss regulator says UBS tried to manipulate monetary metals fixes

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Clear Attempt to Manipulate Precious Metals Benchmarks at UBS, FINMA Says

By Jan Harvey
Reuters
Wednesday, November 12, 2014

LONDON -- Swiss regulator FINMA said on Wednesday that it found a "clear attempt" to manipulate precious metals benchmarks during its investigation into precious metals and foreign exchange trading at UBS.

Fines bring bank currency-rigging settlement to $4.3 billion

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By Suzi Ring, Liam Vaughan, and Jesse Hamilton
Bloomberg News
Wednesday, November 12, 2014

Regulators in the U.S., Britain, and Switzerland ordered six banks to pay about $4.3 billion in the first wave of penalties since authorities began a global probe into the rigging of key foreign-exchange benchmarks last year.

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