Daily Dispatches

Jeff Clark: Here's why you should stay away from gold ETFs

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1p HKT Sunday, April 10, 2016

Dear Friend of GATA and Gold:

Jeff Clark, senior metals analyst for Hard Assets Alliance, explained this week why gold exchange-traded funds are not really gold at all for the ordinary investor but rather mere claims on an asset that may not be accessible when an investor really wants it.

In Cambodia, the ghosts prefer dollars

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By Julia Wallace
The New York Times
Friday, April 8, 2016

PHNOM PENH, Cambodia -- One recent morning Suon Sokhum, a colonel in the Cambodian Army, was shopping for gifts for his ancestors.

Qingming, the annual festival to honor the dead, was coming up, and throughout the Chinese diaspora in Southeast Asia, people burn offerings to provide for their ancestors in the spirit world.

Senior bosses at world's biggest banks 'knew LIBOR was rigged'

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This is funny since the Telegraph itself knows that the gold market is rigged too but won't report it any more than the bankers on trial here reported the rigging they saw.

* * *

Senior Bosses at World's Biggest Banks 'Knew LIBOR Was Rigged'

By Tim Wallace
The Telegraph, London
Saturday, April 9, 2016

Ronan Manly: The gold vaults of Hong Kong

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2:50p HKT Saturday, April 9, 2016

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly this week examines the gold vaults of Hong Kong, where, he notes, far more gold transfers are made than in the gold vaults associated with the New York Commodities Exchange. Manly's study is headlined "The Gold Vaults of Hong Kong: Brinks, Malca Amit, Loomis" and it's posted at Bullion Star here:

GoldSeek Radio interviews GATA's Murphy and Sprott's Embry

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2:31p HKT Saturday, April 9, 2016

Dear Friend of GATA and Gold:

GoldSeek Radio's Chris Waltzek this week interviewed GATA Chairman Bill Murphy for 14 minutes about developments in the gold market --

http://news.goldseek.com/radio/1460127802.php

-- as well as Sprott Asset Management's John Embry for about 12 minutes:

http://news.goldseek.com/radio/1460127600.php

Actual life in the junior gold mining sector

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Oceana Gold announces strategic investment in NuLegacy Gold

Company Press Release
via CNW Group, Montreal
Thursday, April 7, 2016

War on cash and savers will prompt scramble for real metal, Hathaway says

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5:55p HKT Friday, April 8, 2016

Dear Friend of GATA and Gold:

Tocqueville Gold Fund manager John Hathaway tells King World News today that the war on cash and savers being waged by central banks likely will prompt a scramble for physical gold -- and there isn't much available for sale at current prices. An excerpt from Hathaway's interview is posted at KWN here:

Peter DeGraaf: Gold and silver miners should 'starve the paper market'

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5:46p HTK Friday, April 8, 2016

Dear Friend of GATA and Gold:

London's $5 trillion gold hub getting ready for a major overhaul

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By Eddie Van Der Walt
Bloomberg News
Wednesday, April 6, 2016

There's a competition brewing to figure out how the world's largest gold-trading hub can get bigger and better.

Venezuela ordered to pay Crystallex $1.4 billion in arbitration ruling

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By Peter Koven
National Post, Toronto
Tuesday, April 5, 2016

An arbitration tribunal has ordered the Venezuelan government to pay a whopping US$1.386 billion to Canadian miner Crystallex International Corp., saying the state caused all of Crystallex's investments "to become worthless."

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