Daily Dispatches

Imminent default in London required gold market smash, Maguire tells King World News

Submitted by cpowell on Mon, 2013-04-15 18:25 Section: Daily Dispatches

6:20p ET Monday, April 15, 2013

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire tells King World News tonight that the smashing of the gold price was undertaken to forestall a default in the London physical market after a run on metal and a refusal to deliver. An excerpt from the interview is posted at the King World News blog here:

Read more about Imminent default in London required gold market smash, Maguire tells King World News

Only intervention explains smashing of metals, Turk tells King World News

Submitted by cpowell on Mon, 2013-04-15 17:22 Section: Daily Dispatches

5:15p ET Monday, April 15, 2013

Dear Friend of GATA and Gold:

Read more about Only intervention explains smashing of metals, Turk tells King World News

'Massive physical offtake' in London gold, Maguire tells King World News

Submitted by cpowell on Mon, 2013-04-15 13:25 Section: Daily Dispatches

1:20p ET Monday, April 15, 2013

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire tells King World News today that central banks and commercial traders seem to be buying all the gold paper being sold under margin pressure and that there is "massive physical offtake."

Read more about 'Massive physical offtake' in London gold, Maguire tells King World News

Clive Maund: Gold smash aims to rebuild JPM's Comex inventory

Submitted by cpowell on Mon, 2013-04-15 12:06 Section: Daily Dispatches

12:01p ET Monday, April 15, 2013

Dear Friend of GATA and Gold:

Market analyst Clive Maund writes that the gold plunge likely was engineered in large part to enable JPMorganChase to replenish its dangerously diminishing gold inventory by running weak hands out of the market.

Read more about Clive Maund: Gold smash aims to rebuild JPM's Comex inventory

Did single entity trigger gold plunge?

Submitted by cpowell on Mon, 2013-04-15 10:58 Section: Daily Dispatches

11a ET Monday, April 15, 2013

Dear Friend of GATA and Gold:

Ross Norman at bullion broker Sharps Pixley and Mark O'Byrne at gold dealer GoldCore seem to think that the gold plunge may be largely the work of shorting by a single entity.

Norman's commentary is posted at Sharps Pixley's Internet site here:

Read more about Did single entity trigger gold plunge?

Paper gold market shouldn't scare investors, von Greyerz tells KWN

Submitted by cpowell on Sun, 2013-04-14 16:11 Section: Daily Dispatches

4:07p ET Sunday, April 14, 2013

Dear Friend of GATA and Gold:

Read more about Paper gold market shouldn't scare investors, von Greyerz tells KWN

GGR's Arensberg responds to anti-gold propaganda posing as journalism

Submitted by cpowell on Sun, 2013-04-14 11:43 Section: Daily Dispatches

11:35a ET Sunday, April 14, 2013

Dear Friend of GATA and Gold:

Read more about GGR's Arensberg responds to anti-gold propaganda posing as journalism

Paper is abundant but real metal is flying out the door

Submitted by cpowell on Sat, 2013-04-13 16:32 Section: Daily Dispatches

4:29p ET Saturday, April 13, 2013

Dear Friend of GATA and Gold:

Looks like it's the same old story. While paper gold and silver are pouring down like rain, Bill Haynes of CMI Gold and Silver in Phoenix tells King World News today that the real stuff is drying up fast. An excerpt from the interview is posted at the King World News blog here: