Daily Dispatches

Libya's central bank needs gold stashed in safe but code is in dispute

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By Hassan Morajea and Tamer El-Ghobashy
The Wall Street Journal
Friday, May 13, 2016

BEYDA, Libya -- Underneath a bank in this eastern coastal city, a vault holds a trove of gold and silver coins worth $184 million. It belongs to the central bank, which could use the money to alleviate a crippling cash shortage.

China's ICBC buys 2,000-ton London gold vault from Barclays

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By Eddie van der Walt and Stephen Morris
Bloomberg News
Monday, May 16, 2016

ICBC Standard Bank expanded its push into London's precious metals market by agreeing to buy one of Europe's largest vaults from Barclays.

Gold depository could soon be on its way to Texas

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By Anna M. Tinsley
Fort Worth Star-Telegram
Sunday, May 15, 2016

DALLAS -- Tarek Saab has a golden vision for Texas.

Well, for a Texas Bullion Depository anyway.

So he and his company -- Texas Precious Metals -- set up a booth at the Republican Party of Texas state convention in Dallas to tell Texans about it.

Central bankers' wisdom faulted as gold holdings surge 25%

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By Ranjeetha Pakiam
Bloomberg News
Monday, May 16, 2016

The great gold rush of 2016 is gathering pace. Holdings in exchange-traded funds have now surged by a quarter, with investors taking advantage of lower prices over the past two weeks to enlarge stakes on rising concern about central bank policy making worldwide.

There's a world war against gold, economist Fekete says

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12:36p ET Friday, May 13, 2016

Dear Friend of GATA and Gold:

Metals holding up well against massive shorting, Embry tells KWN

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9:20p ET Thursday, May 12, 2016

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry tells King World News that he can't think of another market that could sustain the steady and overwhelming shorting done lately in the monetary metals by the bullion banks, but he adds that the metals are holding up well. The interview is excepted at KWN here:

TF Metals Report: Assessing the latest bank participation report

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1:58a ET Tuesday, May 10, 2016

Dear Friend of GATA and Gold:

China eases gold trade rules in 6 cities

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By Leng Cheng
Shanghai Daily
Thursday, May 5, 2016

http://www.shanghaidaily.com/business/energy/China-eases-gold-trade-rule...

China will relax rules for cross-border trading of gold in six cities as the world's biggest gold consumer and producer hopes this move will increase bullion imports.

Australia notices Deutsche Bank's agreement to settle gold, silver rigging claims

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New York Court Investigates Claims Silver and Gold Prices Rigged

By Trevor Sykes
Australian Financial Review, Sydney
Monday, May 9, 2016

Silver and gold are looking strong again, partly because of interest rate movements but possibly also because of a court case being settled in New York.

Bullion Star graphic displays the fraud of the London gold market

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3:30p ET Sunday, May 8, 2016

Dear Friend of GATA and Gold:

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