Daily Dispatches

Russia's VTB aims to supply up to 100 tonnes of gold to China per year

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By Oksana Kobzeva and Polina Devitt
Reuters
Tuesday, April 26, 2016

MOSCOW -- VTB Bank, Russia's second-largest lender, aims to supply between 80 and 100 tonnes (2.57-3.22 million troy ounces) of gold to China per year, the bank said on Tuesday after it started the shipments.

Venezuela doesn't have enough money to pay for its money

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By Andrew Rosati
Bloomberg News
Wednesday, April 27, 2016

Venezuela's epic shortages are nothing new at this point. No diapers or car parts or aspirin -- it's all been well documented. But now the country is at risk of running out of money itself.

Precious metals dealer credits GATA for exposing market manipulation

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7:50p ET Tuesday, April 26, 2016

Dear Friend of GATA and Gold:

Interviewed by King World News, Stephen Quayle of Renaissance Precious Metals in Bozeman, Montana, gives GATA credit for exposing the manipulation of the monetary metals markets.

TF Metals Report: Spinning the yarn

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11:12a ET Tuesday, April 26, 2016

Dear Friend of GATA and Gold:

Chinese company buys full control of Eldorado's Jinfeng mine

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China keeps trading fiat for metal.

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Eldorado Announces Agreement to Sell Jinfeng Mine

Company Press Release
PR Newswire via Yahoo Finance
Tuesday, April 26, 2016

Hong Kong's gold exchange to work with ICBC in launch of Shenzhen services

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By Enoch Yiu
South China Morning Post, Hong Kong
Sunday, April 24, 2016

The Hong Kong gold exchange has teamed up with Industrial and Commercial Bank of China (ICBC) to launch gold trading services in the Qianhai free trade zone in September, providing custodial and physical settlement service targeted at commercial users and precious metals traders, according to the exchange head.

Ronan Manly: Shanghai gold benchmark price -- new kid on the block

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5:15p ET Saturday, April 23, 2016

Dear Friend of GATA and Gold:

Federal court upholds gold clause for determining commercial building's rent

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Judge: Building Owner Can Charge Rent Based on Gold Prices

By Andrew Welsh-Huggins 
Associated Press
via Washington Post
Saturday, April 23, 2016

COLUMBUS, Ohio -- A downtown office building is worth its weight in gold, according to a federal judge who upheld a nearly century-old lease that tied rent to the current price of the metal.

CFTC didn't know of Deutsche's market-rigging settlement until asked by GATA

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12:23p ET Saturday, April 23, 2016

Dear Friend of GATA and Gold:

While it may be hard to believe, it seems that the U.S. Commodity Futures Trading Commission was unaware of Deutsche Bank's agreement to settle a class-action lawsuit accusing it of manipulating the gold and silver markets until GATA repeatedly sought to bring the matter to the commission's attention over the last week.

'Massive' pressure for gold price reset, Maguire tells KWN

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1:56p ET Friday, April 22, 2016

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire says the physical gold market, spurred by China, is steadily taking control of the market from the Western derivatives mongers and "the pressures for a price reset are massive." An excerpt from the interview is posted at KWN here:

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