Daily Dispatches

Treasury 'audit' on gold at Fed is 'rubbish,' Turk tells King World News

Submitted by cpowell on Tue, 2013-02-19 15:21 Section: Daily Dispatches

3:12p ET Tuesday, February 19, 2013

Dear Friend of GATA and Gold:

The U.S. Treasury Department's new report about its "audit" of U.S. gold held by the Federal Reserve is "total rubbish," GoldMoney founder and GATA consultant James Turk tells King World News today.

Read more about Treasury 'audit' on gold at Fed is 'rubbish,' Turk tells King World News

Stewart Thompson: QE and gold revaluation

Submitted by cpowell on Tue, 2013-02-19 13:01 Section: Daily Dispatches

1p ET Tuesday, February 19, 2013

Dear Friend of GATA and Gold:

Market analyst and newsletter writer Stewart Thompson argues today that as "quantitative easing" increasingly is recognized to have failed to revive economies, nations will turn to gold revaluation, just as they did during the Great Depression.

Read more about Stewart Thompson: QE and gold revaluation

Indian government encourages 'gold' funds NOT to hold real metal

Submitted by cpowell on Tue, 2013-02-19 11:19 Section: Daily Dispatches

Baubles to Bars: India's Gold Culture Defies Curbs

Kay Johnson
Associated Press
via U.S. News and World Report
Tuesday, February 19, 2013

http://www.usnews.com/news/world/articles/2013/02/19/baubles-to-bars-ind...

Read more about Indian government encourages 'gold' funds NOT to hold real metal

Central planners may be losing control, Turk tells King World News

Submitted by cpowell on Tue, 2013-02-19 08:13 Section: Daily Dispatches

8:12a ET Tuesday, February 19, 2013

Dear Friend of GATA and Gold:

Central bank intervention against gold has become so extreme and obvious, GoldMoney founder and GATA consultant James Turk tells King World News today, that "we may be reaching the tipping point when the central planners completely lose control."

Read more about Central planners may be losing control, Turk tells King World News

Robert Wenzel: Get ready for some major disinformation about America's gold

Submitted by cpowell on Mon, 2013-02-18 16:07 Section: Daily Dispatches

4p ET Monday, February 18, 2013

Dear Friend of GATA and Gold:

Robert Wenzel, editor of Economic Policy Journal, today notes the phoniness and irrelevance of the audit supposedly undertaken recently of gold at the Federal Reserve Bank of New York, reported today by the Los Angeles Times:

http://www.gata.org/node/12247

Read more about Robert Wenzel: Get ready for some major disinformation about America's gold

Bill Fleckenstein: They've been saying the gold bull is over for 12 years

Submitted by cpowell on Mon, 2013-02-18 15:04 Section: Daily Dispatches

3p ET Monday, February 18, 2013

Dear Friend of GATA and Gold:

Read more about Bill Fleckenstein: They've been saying the gold bull is over for 12 years

Audit of gold at New York Fed fails to cover leases and swaps

Submitted by cpowell on Mon, 2013-02-18 14:09 Section: Daily Dispatches

Multiple claims to the same metal are far more important than any possible imperfections in particular bars.

* * *

Gold at New York Fed is Intact, Some Purer than Thought, Audit Finds

By Andrew Tangel
Los Angeles Times
Monday, February 18, 2013

http://www.latimes.com/business/money/la-fi-mo-gold-new-york-fed-audit-p...

Read more about Audit of gold at New York Fed fails to cover leases and swaps

Shanghai Gold Exchange benchmark contract volume jumps to record

Submitted by cpowell on Mon, 2013-02-18 08:33 Section: Daily Dispatches

By Glenys Sim and Feiwen Rong
Bloomberg News
Monday, February 18, 2013

http://www.bloomberg.com/news/2013-02-18/shanghai-gold-exchange-benchmar...

Gold volumes for the benchmark cash contract on the Shanghai Gold Exchange climbed to a record today as the market re-opened after a weeklong break and lower prices lured buyers.