Daily Dispatches

Deutsche Bank FX trader admits manipulation of markets by central banks

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And at Deutsche Bank they should know all about market rigging. Unfortunately the Bloomberg reporter lacked the sense or nerve to ask the guy to specify the markets most under manipulation.

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You've Been Warned: Central Bankers Turning Less Market-Friendly

By Simon Kennedy
Bloomberg News
Wednesday, June 17, 2015

Hugo Salinas Price: The coming liquidation

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8p ET Wednesday, June 17, 2015

Dear Friend of GATA and Gold:

If interest rates continue rising, banks and other bond investors stand to lose everything they made as rates were being pushed down by central banks, Hugo Salinas Price of the Mexican Civic Association for Silver writes today, adding that rising interest rates may explode all sorts of derivative instruments.

Sprott's Embry on Greek futility, overvalued stocks, undervalued monetary metals

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3:58p ET Wednesday June 17, 2015

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry was interviewed today by USAWatchdog's Greg Hunter, discussing the lack of tolerable solutions for Greece, the overvaluation of stocks and real estate, and the undervaluation of the monetary metals. Embry's interview is 25 minutes long and is posted at USA Watchdog here:

For the moment, China wants gold held down as much as Western central banks do

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11:26a ET Wednesday, June 17, 2015

Dear Friend of GATA and Gold:

A friend asks what is meant by the Bank of China's joining the London gold price-fixing process --

http://www.gata.org/node/15455

-- and whether it will tend to support the gold price, since China seems to be accumulating so much metal.

GATA's Ed Steer interviewed at Canadian Investor Conference

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10:34a ET Wednesday, June 17, 2015

Dear Friend of GATA and Gold:

GATA board member Ed Steer, editor of the daily Ed Steer's Gold and Silver Digest letter --

http://www.edsteergoldandsilver.com

Australian researchers producing cyanide-free gold with Barrick in Nevada

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Eureka! A Solid-Gold Solution to Make Archimedes Proud

By Roger Nicoll
Commonwealth Scientific and Industrial Research Organization
Canberra, Australia
Tuesday, June 16, 2015

Bank of China joins auction setting gold prices in London

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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

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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

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1:09p ET Monday, June 15, 2015

Dear Friend of GATA and Gold:

Bond traders want prices concealed to sustain liquidity

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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.

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