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Daily Dispatches
Bullion Star makes a graphic of the Comex gold market
Submitted by cpowell on Mon, 2016-05-16 20:15 Section: Daily Dispatches8:15p ET Monday, May 16, 2016
Dear Friend of GATA and Gold:
Bullion Star has created a graphic illustration of the Comex gold market, showing that, like the London gold market, the Comex is a fractional-reserve-based and largely unallocated market with little real metal ever being delivered. The graphic is posted at Bullion Star here:
Libya's central bank needs gold stashed in safe but code is in dispute
Submitted by cpowell on Mon, 2016-05-16 13:46 Section: Daily DispatchesBy 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
Submitted by cpowell on Mon, 2016-05-16 13:40 Section: Daily DispatchesBy 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
Submitted by cpowell on Mon, 2016-05-16 08:40 Section: Daily DispatchesBy 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%
Submitted by cpowell on Mon, 2016-05-16 08:33 Section: Daily DispatchesBy 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
Submitted by cpowell on Fri, 2016-05-13 12:37 Section: Daily Dispatches12:36p ET Friday, May 13, 2016
Dear Friend of GATA and Gold:
Metals holding up well against massive shorting, Embry tells KWN
Submitted by cpowell on Thu, 2016-05-12 21:23 Section: Daily Dispatches9:20p 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
Submitted by cpowell on Tue, 2016-05-10 13:58 Section: Daily Dispatches1:58a ET Tuesday, May 10, 2016
Dear Friend of GATA and Gold:
China eases gold trade rules in 6 cities
Submitted by cpowell on Mon, 2016-05-09 18:19 Section: Daily DispatchesBy 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
Submitted by cpowell on Mon, 2016-05-09 17:52 Section: Daily DispatchesNew 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.
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