Daily Dispatches

Alasdair Macleod: Gold and interest rates

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, April 7, 2016

It is commonly assumed that the gold price and interest rates move in opposite directions. In other words, a tendency towards higher interest rates is accompanied by a lower gold price.

Like all assumptions about prices, sometimes it is true and sometimes not.

Puerto Rico passes bill allowing halt to debt payments

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Is Illinois next?

* * *

By Mary Williams Walsh
The New York Times
Wednesday, April 6, 2016

Gov. Alejandro García Padilla of Puerto Rico on Wednesday signed a bill that would allow him to declare an emergency and give him authority to halt payments on the island's crushing $72 billion debt.

The gold miner excavating nothing but 13 years of red tape

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By Swansy Afonso, Rajesh Kumar Singh, and Archana Chaudhary
Bloomberg News
Wednesday, April 6, 2016

After more than a decade struggling to cut through red tape to mine gold in India, Sandeep Lakhwara could be forgiven for thinking things couldn't get much worse. Then they did.

Robert Appel: Here's what the Fed doesn't want you to know about gold prices

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10:33a HKT Wednesday, April 6, 2016

Dear Friend of GATA and Gold:

Mike Kosares: Quietly the advantage in gold goes to private investors

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Big Banks, Hedge Funds Key Factors in 2016 Gold Surge

By Michael Kosares, Editor
USAGold's News & Views
USAGold, Denver
Tuesday, April 5, 2016

Two traders fined over gold spoofing

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From the Financial Times, London
Tuesday, April 5, 2016

China's gold intent -- ICBC bank reclassified as an LBMA market maker

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By Mark O'Byrne
GoldCore, Dublin
Tuesday, April 5, 2016

ICBC Standard Bank, China and the world's largest bank, has been reclassified as a spot market making member of the London Bullion Market Association with effect from today, according to a note posted on the LBMA website last night. ...

... For the remainder of the report:

New York Fed president refuses a question about gold swaps in public

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3:20p HKT Tuesday, April 3, 2016

Dear Friend of GATA and Gold:

Last week at a public forum the president of the Federal Reserve Bank of New York, William Dudley, was asked whether the Federal Reserve has engaged in gold swaps with other central banks. He refused to answer.

New York Sun: The Gilder

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From the New York Sun
Monday, April 4, 2016

Truth can take a long time to get out but cycles do turn, von Greyerz tells KWN

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7:25p HKT Monday, April 4, 2016

Dear Friend of GATA and Gold:

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