Daily Dispatches

Gold paperization in India won't be happening any time soon

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4:30p ET Sunday, May 3, 2015

Dear Friend of GATA and Gold:

Sprott's John Embry interviewed by Dave Kranzler of Investment Research Dynamics

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10:17p ET Friday, May 1, 2015

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry was interviewed this week by Dave Kranzler of Investment Research Dynamics, discussing the suppression of the monetary metals markets and the possible triggers for their breakouts. The interview is 40 minutes long and it's posted at YouTube here:

https://www.youtube.com/watch?v=ednflzAYuHA

London gold is too tight for traders to risk arbitrage, Maguire tells KWN

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1:23p ET Friday, May 1, 2015

Dear Friend of GATA and Gold:

London's gold market is heavily in backwardation, offering lucrative arbitrage opportunities that traders won't take because they fear that they won't be able to recover metal they sell short, London metals trader Andrew Maguire tells King World News today.

CME Group suspends two gold traders for 60 days for spoofing

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CME Group Bars Two Gold Futures Traders for Allegedly Spoofing

By Ann Saphir
Reuters
Thursday, April 30, 2015

CME Group Inc. on Thursday barred two traders from its markets for allegedly colluding to enter orders repeatedly with no intention of trading, a strategy that has been fingered as a key contributor to the 2010 Wall Street flash crash.

Alasdair Macleod: Why deflation is unlikely

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8:18p ET Thursday, April 30, 2015

Dear Friend of GATA and Gold:

Central banks consider joining the LBMA. (So much for transparency.)

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4p ET Thurday, April 30, 2015

Dear Friend of GATA and Gold:

Central banks have expressed interest in joining the London Bullion Market Association, which pretty much runs the London gold market, according to a report by the LBMA's chief executive officer in the May edition of its newsletter, The Alchemist.

For now, India brushes off concerns over gold import spike

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By Suvashree Choudhury and Meenakshi Sharma
Reuters
Wednesday, April 29, 2015

MUMBAI, India -- Weak oil and commodity prices are offsetting concerns at India's central bank over the impact of a spike in gold imports on the broader economy, officials say, even as the industry forecasts another three months of strong buying.

Barrick Gold investors protest in executive pay vote

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Liezel Hill and Scott Deveau
Bloomberg News
Tuesday, April 28, 2015

Barrick Gold Corp. plans to re-examine its executive compensation after shareholders expressed disapproval of the company's policies again this year.

London gold trade probably won't move to an exchange, LBMA says

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By Eddie van der Walt
Bloomberg News
Monday, April 27, 2015

Bullion trading in London isn't likely to move to an exchange because it would increase costs and reduce liquidity, according to the industry's trade association.

Ronan Manly: El Salvador's gold reserves, the BIS, and the bullion banks

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7:34a ET Monday, April 27, 2015

Dear Friend of GATA and Gold:

Gold market researcher and GATA consultant Ronan Manly has studied El Salvador's recent liquidation of most of its gold reserves and concludes that it is likely a small example of what the governments of bigger countries are doing surreptitiously in the gold market.

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