Daily Dispatches

Gene Arensberg: So much for position limits on Comex gold

Submitted by cpowell on Wed, 2013-05-15 18:16 Section: Daily Dispatches

6:16p ET Wednesday, May 15, 2013

Dear Friend of GATA and Gold:

Gene Arensberg of the Got Gold Report today wonders aloud how April's gold smash, apparently involving more gold than has ever been dumped on the Comex futures market at once, about 40,000 contracts, did not violate the position limits of the exchange and the U.S. Commodity Futures Trading Commission.

Arensberg asks:

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India's gold buyers, smugglers will have last laugh on government

Submitted by cpowell on Wed, 2013-05-15 11:11 Section: Daily Dispatches

Government, RBI Are Again Getting It All Wrong on Gold

By Nidhi Nath Srinivas
The Times of India, Mumbia
Wednesday, May 15, 2013

http://blogs.economictimes.indiatimes.com/something-fresh/entry/govt-rbi...

Read more about India's gold buyers, smugglers will have last laugh on government

Indian gold premiums double amid fears of cut in supply

Submitted by cpowell on Wed, 2013-05-15 10:56 Section: Daily Dispatches

Gold Premiums in India Jump as Central Bank Curbs May Cut Supply

By Swansy Afonso
Bloomberg News
Wednesday, May 15, 2013

http://www.bloomberg.com/news/2013-05-15/gold-premiums-in-india-jump-as-...

Read more about Indian gold premiums double amid fears of cut in supply

Gold-rigging banks are looting GLD and selling to Asia, fund manager Kaye says

Submitted by cpowell on Tue, 2013-05-14 22:57 Section: Daily Dispatches

10:55p ET Tuesday, May 14, 2013

Dear Friend of GATA and Gold:

The same banks that rigged the LIBOR interest rate are rigging the gold market and looting the exchange-traded fund GLD, moving the fund's gold out of London to Asia at a carefully arbitraged profit, fund manager William Kaye tells King World News tonight. An excerpt from the interview is posted at the King World News blog here:

Read more about Gold-rigging banks are looting GLD and selling to Asia, fund manager Kaye says

Von Greyerz: Stock market rise amid economic collapse signals hyperinflation

Submitted by cpowell on Tue, 2013-05-14 20:00 Section: Daily Dispatches

8p ET Tuesday, May 14, 2013

Dear Friend of GATA and Gold:

Gold fund manager Egon von Greyerz tonight tells King World News that the rise of stock markets amid the collapse of the real economy is an indicator that hyperinflation is coming. An excerpt from the interview is posted at the King World News blog here.

Read more about Von Greyerz: Stock market rise amid economic collapse signals hyperinflation

Gene Arensberg: U.S. banks buy gold futures in dramatic position change

Submitted by cpowell on Tue, 2013-05-14 14:52 Section: Daily Dispatches

2:46p ET Tuesday, May 14, 2013

Dear Friend of GATA and Gold:

Big U.S. investment banks have reduced their net short position in gold to the lowest level since 2008, the Got Gold Report's Gene Arensberg reports today.

Read more about Gene Arensberg: U.S. banks buy gold futures in dramatic position change

Shell targeted with BP, Statoil in European oil-price probe

Submitted by cpowell on Tue, 2013-05-14 14:14 Section: Daily Dispatches

By Brian Swint and Lananh Nguyen
Bloomberg News
Tuesday, May 14, 2013

http://www.bloomberg.com/news/2013-05-14/statoil-raided-by-competition-a...

LONDON -- European antitrust regulators began a probe of potential manipulation of oil prices, expanding into energy markets after banks were investigated for fixing interbank lending rates.