Daily Dispatches

Bank of China joins auction setting gold prices in London

By Eddie van der Walt
Bloomberg News
Tuesday, June 16, 2015

Bank of China Ltd. will become the first Chinese bank to join the auction process that sets gold prices in the London market.

Greece has stronger position than its creditors, Turk tells KWN

8:13p ET Monday, June 15, 2015

Dear Friend of GATA and Gold:

Greece has the stronger position in its confrontation with the European Union, the European Central Bank, and the International Monetary Fund over its unpayable debt, GoldMoney founder and GATA consultant James Turk tells King World News today.

Koos Jansen: Rectification of Chinese gold trade rules

1:09p ET Monday, June 15, 2015

Dear Friend of GATA and Gold:

Bond traders want prices concealed to sustain liquidity

FINRA Summons Banks and Asset Managers over Market Fears

Robin Wigglesworth and Joe Rennison
Financial Times, London
Sunday, June 14, 2015

NEW YORK -- A US financial regulator has summoned a clutch of senior executives from banks and asset managers for two meetings to explore potential solutions to a liquidity crunch confronting bond markets.

Gold smuggling into India soars despite easing of import curbs

Five-Time Jump in Gold Smuggling; Seizure Worth Rs 1,120 Crore

From The Press Trust of India
via The Times of India, Mumbai
Sunday, June 14, 2015

NEW DELHI -- There has been an unprecedented five-time jump in cases of gold smuggling in 2014-15 over 2012-13 during which yellow metal worth Rs 1,120 crore was seized, notwithstanding easing of curbs on its import.

Ronan Manly: As World Gold Council's membership falls, it hikes fees to GLD

11:40a ET Sunday, June 14, 2015

Dear Friend of GATA and Gold:

As the World Gold Council's membership of mining companies has been declining, reducing annual dues payments, the council now is generating most of its income through royalties from the exchange-traded gold fund GLD, gold researcher and GATA consultant Ronan Manly reports today.

Jansen disputes Klapwijk on China's gold demand

10a ET Saturday, June 13, 2015

Dear Friend of GATA and Gold:

Gold researcher and GATA consultant Koos Jansen today disputes gold consultancy executive Phillip Klapwijk's lesser estimates of China's gold demand. Jansen's commentary is headlined "Western Consultancy Firms Continue Making Up False Arguments to Debunk SGE Withdrawals" and it's posted at Bullion Star here:

Texas governor signs gold depository legislation

The governor says here the state's gold is now at the Federal Reserve Bank of New York. But last month the gold was reported to be vaulted with HSBC in New York:

http://www.gata.org/node/15412

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Abbott Signs Law Creating Texas Depository for State Gold

From the Associated Press
via Beaumont (Texas) Enterprise
Friday, June 12, 2015

TF Metals Report: Here we go again -- another silver short squeeze looms

4:21p ET Friday, June 12, 2015

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson today explains why he believes that a substantial short squeeze in silver is imminent, set up by the bullion banks, which will crush the hedge funds that are short and allow the bullion banks to prepare the next silver price smashdown.

All they had to do was monetize the gold from their own mines

Another rich country insisting on being poor.

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Zimbabwe to Phase Out Worthless Local Dollar

From Agence France-Presse
via Raidio Teilifis Eireann, Dublin
Thursday, June 11, 2015

http://www.rte.ie/news/business/2015/0611/707434-zimbabwe-dollar/

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