Daily Dispatches

Ronan Manly: Singapore Exchange's gold kilobar contract flops

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7:16p HKT Monday, April 4, 2016

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly reports today that the Singapore Exchange's touted gold kilobar contract has failed utterly, with trading volume practically zero. Manly's report is headlined "SGX Kilobar Gold Contract vs. Trading with BullionStar" and it's posted at Bullion Star here:

GATA secretary covers gold and commodity market rigging on CNBC Asia

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10:34a HKT Monday, April 4, 2016

Dear Friend of GATA and Gold:

Gold rush by Russia makes up for billions lost in currency rout

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By Andrey Biryukov
Bloomberg News
Sunday, April 3, 2016

Here's why Governor Elvira Nabiullina is in no haste to resume foreign-currency purchases after an eight-month pause: Gold's biggest quarterly surge since 1986 has all but erased losses the Bank of Russia suffered by mounting a rescue of the ruble more than a year ago.

Zimbabwe urged to set up a gold reserve bank

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Good advice from Doug Casey to another resource-rich country insisting on being poor.

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Zimbabwe Urged to Set Up a Gold Reserve Bank

By Conrad Mwanawashe
Zimbabwe Herald, Harare
Monday, April 4, 2016

http://www.herald.co.zw/set-up-gold-reserve-bank/

SEC investigates ex-JPMorgan debt traders

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Kara Scannell and Joe Rennison
Financial Times, London
Sunday, April 3, 2016

NEW YORK -- The top US securities watchdog has launched an investigation into government debt trades made by two former JPMorgan Chase employees who left the bank earlier this year after a dispute over compliance procedures.

'Unallocated gold' means 'no gold,' Rickards says

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10:58p HKT Sunday, April 3, 2016

Dear Friend of GATA and Gold:

Northwest Territorial Mint files for bankruptcy after losing defamation suit

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West Coast Mint Files for Bankruptcy after Losing Defamation Suit

By Katy Stech
The Wall Street Journal
Saturday, April 1, 2016

Zero Hedge: How two Janet Yellen phone calls saved the world

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11a HKT Sunday, April 3, 2016

Dear Friend of GATA and Gold:

Gold demand from central banks marched higher in turbulent 2015

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By Emiko Terazono
Financial Times, London
Thursday, March 31, 2016

Heightened geopolitical tension and a push for diversification in reserve assets led to central banks' net purchases of gold reaching 483 tonnes in 2015, the second highest annual total since the end of the gold standard.

Don't many smart guys say that gold doesn't pay interest?

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Then why does India's gold paperization scheme increasingly look like another gold-leasing operation?

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India Allows Gold Repayments to Make Scheme Attractive for Temples

By Sankalp Phartiyal
Reuters
Friday, April 1, 2016

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