Daily Dispatches

If history repeats itself, Turk says, gold downdraft will end soon

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10:35p ET Monday, November 10, 2014

Dear Friend of GATA and Gold:

Sprott's Embry criticizes Randgold's Bristow for claiming that gold is oversupplied

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5:35p ET Monday, November 10, 2014

Dear Friend of GATA and Gold:

GoldCore: UBS shows gold-rigging conspiracies aren't mere theory

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3:09p ET Monday, November 10, 2014

Dear Friend of GATA and Gold:

Noting the Financial Times' report that UBS has agreed to confess to manipulating the gold market --

http://www.gata.org/node/14691

Judge upholds Liberty Dollar founder's conviction and schedules sentencing

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2:53p ET Monday, November 10, 2014

Dear Friend of GATA and Gold:

The federal judge in the Liberty Dollar counterfeiting case from North Carolina today upheld the jury's March 2011 conviction of the alternative currency system's founder, Bernard von NotHaus. (For an account of von NotHaus' conviction, see: http://www.gata.org/node/9715.)

Russian central bank buys up domestic gold output as sanctions bite

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By Clara Denina
Reuters
Monday, November 10, 2014

Russia's central bank has been forced to step up its gold buying this year to absorb domestic production that Western sanctions are making it hard for miners to sell abroad, and to boost liquidity in its foreign reserves, sources said.

Why not defend the ruble by buying gold instead?

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It sure would kick all the other currencies down a peg or two, and the best defense is a good offense.

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In Shift, Russia Lets Ruble Float Free in Markets

By Vladimir Isachenvov and Laura Mills
Associated Press
via Yahoo News
Monday, November 10, 2014

Koos Jansen: Chinese gold demand strong, mainstream media twisting

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10a ET Monday, November 11, 2014

Dear Friend of GATA and Gold:

Western news agencies are still misrepresenting gold demand in China, Bullion Star market analyst and GATA consultant Koos Jansen notes today. His commentary is headlined "Chinese Gold Demand Strong, Mainstream Media Twisting" and it's posted at Bullion Star here:

Swiss franc cap tested as gold bugs push referendum

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By Lucy Meakin
Bloomberg News
Monday, November 10, 2014

LONDON -- Switzerland's referendum on boosting gold reserves is already increasing pressure on the franc's cap against the euro, even as polls show voters remain undecided.

With gold benchmark fixed, OTC trade eyed as next reform milestone

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By Clara Denina
Reuters
Sunday, November 9, 2014

Calling time on London's century-old gold "fix" could mark the beginning of an even wider industry overhaul that may ultimately dilute the dominance of the highly profitable bilateral over-the-counter trading.

UBS to settle allegations over precious metals trading

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Daniel Schäfer and James Shotter
Financial Times, London
Sunday, November 9, 2014

http://www.ft.com/intl/cms/s/0/428e1400-6804-11e4-bcd5-00144feabdc0.html

UBS is to settle allegations of misconduct at its precious metals trading business alongside a planned agreement between UK and US authorities and seven banks over accusations of foreign exchange market rigging.

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