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Daily Dispatches
Starved of gold, Indians may import record volumes of silver
Submitted by cpowell on Tue, 2013-10-08 22:20 Section: Daily DispatchesBy Siddesh Mayenkar
Reuters
Tuesday, October 8, 2013
MUMBAI -- Indian silver imports are on pace to hit a record high this year as the wedding and festival season drives up buying of the precious metal instead of the traditional gold, made scarcer and dearer by official measures aimed at cutting the trade gap.
Embry sees dollar devaluation as inevitable; Roberts says Fed will lend to Treasury
Submitted by cpowell on Tue, 2013-10-08 22:01 Section: Daily Dispatches10a CST Wednesday, October 9, 2013
Dear Friend of GATA and Gold:
At King World News, Sprott Asset Management's John Embry says gold price suppression is aimed at maintaining the U.S. dollar's status as world reserve currency a little longer but devaluation is inevitable since the country's liabilities are beyond repayment:
Comex and LBMA require market's ignorance, Tocqueville's Hathaway writes
Submitted by cpowell on Tue, 2013-10-08 06:16 Section: Daily Dispatches6:08p CST Tuesday, October 8, 2013
Dear Friend of GATA and Gold:
Tocqueville Gold Fund manager John Hathaway's quarterly letter to investors speaks plainly about market manipulation, citing "a gathering loss of investor credibility in traditional intermediaries between financial markets and bullion, such as the Comex and LBMA," the London Bullion Market Association.
Fed's only true purpose is to finance government, Turk tells KWN
Submitted by cpowell on Mon, 2013-10-07 20:04 Section: Daily Dispatches8a CST Tuesday, October 8, 2013
Dear Friend of GATA and Gold:
Taiwan and New Zealand want their dollars down
Submitted by cpowell on Mon, 2013-10-07 09:26 Section: Daily DispatchesTaiwan Dollar Rally Seen Ending on Intervention, Market Reversal
From Bloomberg News
Monday, October 7, 2013
Trading patterns suggest the rally that drove the Taiwan dollar to an eight-month high will end on speculation that central bank Governor Perng Fai-nan will step up intervention to support exporters.
Gold price 'is bound to go through the roof'
Submitted by cpowell on Mon, 2013-10-07 09:15 Section: Daily DispatchesBy Brendan Ryan
Business Day, Johannesburg
Monday, October 7, 2013
http://www.bdlive.co.za/markets/2013/10/07/gold-price-is-bound-to-go-thr...
Gold bulls have had it rough this year but many would have found solace in the Precious Metals Round Table web-based conference call and presentation held recently by Sprott Asset Management.
Switzerland probes banks over possible forex rigging
Submitted by cpowell on Fri, 2013-10-04 21:45 Section: Daily DispatchesBy Caroline Copley and Albert Schmieder
Reuters
Friday, October 4, 2013
ZURICH -- Switzerland's financial markets regulator is working with authorities in other countries to investigate possible manipulation in the $5 trillion-a-day foreign exchange market potentially involving multiple banks.
Sinclair plans Q&A seminar outside Washington on Oct. 19
Submitted by cpowell on Fri, 2013-10-04 21:21 Section: Daily Dispatches9:20a HKT Saturday, October 5, 2013
Dear Friend of GATA and Gold:
Fed has destroyed price discovery, Stockman tells KWN
Submitted by cpowell on Fri, 2013-10-04 21:13 Section: Daily Dispatches9:12a HKT Saturday, October 5, 2013
Dear Friend of GATA and Gold:
Former U.S. budget director David Stockman tells King World News that the Federal Reserve "has destroyed any kind of honest price discovery" and that the potential rise of the gold price is "unfathomable." An excerpt from the interview is posted at the King World News blog here:
Brett Arends: Why Uncle Sam is hoarding gold
Submitted by cpowell on Fri, 2013-10-04 12:33 Section: Daily DispatchesBy Brett Arends
MarketWatch.com
Friday, October 4, 2013
Grab any Wall Street trader in a bar, or any portfolio manager in his office, and he's likely to tell you gold is finished.
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