Daily Dispatches

What will Trump's election mean for the monetary metals?

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3a ET Wednesday, November 9, 2016

Dear Friend of GATA and Gold:

Indian currency revocation seen pushing many into gold

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From the Press Trust of India
via The Times of India, Mumbai
Tuesday, November 8, 2016

NEW DELHI -- The jewellery industry today welcomed the government's decision to ban old 500- and 1,000-rupee notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes.

Turk and Embry interviewed by King World News

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12:08p ET Tuesday, November 8, 2016

Dear Friend of GATA and Gold:

King World News today interviews GoldMoney founder James Turk, who disputes the U.S. stock market's predictive power for the presidential election --

http://kingworldnews.com/as-the-world-awaits-the-u-s-election-outcome-bu...

Lovers and central banks walk away from gold's scorching rally

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By Eddie Van Der Walt
Bloomberg News
Tuesday, November 8, 2016

Soaring gold prices have pushed out some of the biggest buyers.

Jewelry demand plunged 21 percent in the third quarter, taking the year-to-date total to the lowest level since 2009, according to a report from the World Gold Council. Central banks bought almost half as much gold as a year earlier.

Islamic finance nears final standard for gold-based products

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By Bernardo Vizcaino
Reuters
Tuesday, November 8, 2017

Islamic scholars are finalizing work on a sharia standard for gold-based products set to become effective before the end of the year and possibly help kick-start a new wave of product development in Islamic finance.

Hugo Salinas Price: A reversal in the trend of international reserves

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7:53p ET Monday, November 7, 2016

Dear Friend of GATA and Gold:

Chinese investors are in love with U.S. dollar debt

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From Bloomberg News
Sunday, November 6, 2016

Terence Cheng, a fixed-income fund manager based in Hong Kong, has never gotten so many Chinese client inquiries for overseas dollar bonds. Their questions sent over WeChat, the popular Chinese instant-messaging service, even interrupted his beach vacation in Thailand.

Physical gold market keeps fighting the paper market, John Ing tells KWN

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9:26p ET Sunday, November 6, 2016

Dear Friend of GATA and Gold:

Interviewed by King World News, Canadian fund manager John Ing says occasionally "paper gold" swamps the physical gold market "but amazingly the physical gold market seems to keep edging up and helping the longer-term upward trend of the gold price." Ing's comments are excerpted at KWN here:

GATA board member Ed Steer's Saturday market letter posted at GoldSeek

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6:41p ET Sunday, November 6, 2016

Dear Friend of GATA and Gold:

Saturday's gold and silver market letter by GATA Board of Directors member Ed Steer is posted in the clear at GoldSeek here:

http://news.goldseek.com/GoldSeek/1478448000.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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Russian bank aims to double its gold trade in three years

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By Katya Golubkova
Reuters
Thursday, November 3, 2016

MOSCOW -- VTB Capital, the investment banking arm of Russia's second-biggest bank, plans to double its gold-trading volumes over the next three years from around 110-150 tonnes a year currently, Atanas Djumaliev, head of global commodities at the firm, told Reuters.

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