Daily Dispatches

Gold's long backwardation makes Turk expect a good year for the monetary metal

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3:35p ET Wednesday, April 23, 2014

Dear Friend of GATA and Gold:

The long and continuing backwardation in gold makes GoldMoney founder and GATA consultant James Turk think that the gold price suppression scheme will run out of metal soon and that this will be a good year for gold and silver. Turk's comments come in an interview with King World News:

Gene Arensberg: Elephant tracks signal upward reversal in gold

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1:51p ET Wednesday, April 23, 2014

Dear Friend of GATA and Gold:

So central bank gold is being held in investment bank vaults

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10:38a ET Wednesday, April 23, 2014

Dear Friend of GATA and Gold:

Today's Reuters report about changes at the gold and currency trading desks of investment banks, which was called to your attention in a dispatch a little while ago --

http://www.reuters.com/article/2014/04/22/banks-gold-forex-idUSL6N0NE3K9...

The current London Gold Pool will collapse as the first did, Grant Williams tells KWN

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8:40a ET Wednesday, April 23, 2014

Dear Friend of GATA and Gold:

Singapore-based fund manager Grant Williams tells King World News that the gold market "is now a game of patience by those who can run the numbers and who mathematically comprehend that this price suppression simply cannot go on forever."

Reuters notes that central banks trade gold every day but doesn't grasp what it means

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8a ET Wednesday, April 23, 2014

Dear Friend of GATA and Gold:

Turk describes to KWN exactly how gold was manipulated today in light trading

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8:15p ET Monday, April 21, 2014

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk describes to King World News exactly how the gold market was manipulated today in light trading conditions. Turk adds that gold now stands at the greatest backwardation it has seen in eight months. An excerpt from the interview is posted at the KWN blog here:

New York Sun: Piketty's gold?

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1:55p ET Monday, April 21, 2014

Dear Friend of GATA and Gold:

If QE works so well, von Greyerz asks, why don't they do a lot more?

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1:47p ET Monday, April 21, 2014

Dear Friend of GATA and Gold:

In an interview today with King World News, Swiss gold fund manager Egon von Greyerz offers what may be the best mocking yet of "quantitative easing."

Sprott cites GATA consultant on Chinese demand, notes paper bombing of gold

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1:40p ET Monday, April 21, 2014

Dear Friend of GATA and Gold:

Barrick and Newmont reported to remain eager for merger

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Barrick Proposal to Acquire Newmont Hits Roadblock, Sources Say

By Euan Rocha
Reuters
Monday, April 21, 2014

TORONTO -- Talks between Barrick Gold Corp and Newmont Mining Corp about a potential merger have hit a snag, but sources close to the situation say the companies remain keen to reach a deal and discussions are likely to resume.

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