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Daily Dispatches
Silver's lockdown may be facing a challenge, Embry tells KWN
Submitted by cpowell on Tue, 2014-09-16 17:01 Section: Daily Dispatches5p ET Tuesday, September 16, 2014
Dear Friend of GATA and Gold:
The silver futures market seems to be in "total lockdown," Sprott Asset Management's John Embry tells King World News today, even as there also seems to be a deep-pocketed long ready to challenge price suppression. Embry's comments on silver and on the world economic situation generally are excerpted at the KWN blog here:
China advances gold exchange launch; Singapore delays contract
Submitted by cpowell on Tue, 2014-09-16 13:09 Section: Daily DispatchesBy A. Ananthalakshmi
Reuters
Tuesday, September 16, 2014
SINGAPORE -- China will launch its international gold exchange 11 days ahead of schedule, sources said today, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues.
Gartman Letter cites Koos Jansen and Gold Newsletter on Chinese gold demand
Submitted by cpowell on Tue, 2014-09-16 10:52 Section: Daily DispatchesBy Dennis Gartman
The Gartman Letter
Tuesday, September 16, 2014
https://www.thegartmanletter.com/
Regarding Chinese gold demand, which we wrote about yesterday, it is open to debate and our old friend, Brien Lundin of the Jefferson Companies in New Orleans, wrote to share his insights. We've chosen to share them further with our readers, with his approval. Brien wrote:
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Gold's move from West to East is said intended to rebalance FX reserves
Submitted by cpowell on Tue, 2014-09-16 08:26 Section: Daily DispatchesChina May Boost Gold Reserves amid Imbalances in Holdings
By Feiwen Rong and Glenys Smi
Bloomberg News
Monday, September 15, 2014
http://www.bloomberg.com/news/2014-09-15/biggest-banks-said-to-overhaul-...
Indian trade deficit widens as gold imports surge 176%
Submitted by cpowell on Mon, 2014-09-15 22:06 Section: Daily DispatchesBy Unni Krishnan
Bloomberg News
Monday, September 15, 2014
NEW DELHI, India -- India's trade deficit widened in August from a year earlier as imports of gold surged 176 percent after policy makers eased shipment curbs.
Fed could trigger reversals in stocks and gold this week, Turk says
Submitted by cpowell on Mon, 2014-09-15 20:06 Section: Daily Dispatches8:05p ET Monday, September 15, 2014
Dear Friend of GATA and Gold:
Stocks are overvalued and hard assets undervalued, GoldMoney founder and GATA consultant James Turk tells King World News today, adding that he would expect reversals if the Federal Reserve this week persists in reducing its bond monetization. An excerpt from the interview is posted at the KWN blog here:
Chinese news agency says UK sees RMB as potentially 'main reserve currency'
Submitted by cpowell on Mon, 2014-09-15 14:24 Section: Daily Dispatches2:27p ET Monday, September 15, 2014
Dear Friend of GATA and Gold:
While it is not included in the mainstream financial news agency reports about the United Kingdom Treasury Department's plan to issue bonds denominated in Chinese currency --
http://www.reuters.com/article/2014/09/12/britain-debt-renminbi-idUSL5N0...
Anxious Scottish investors have been buying gold
Submitted by cpowell on Mon, 2014-09-15 13:57 Section: Daily DispatchesBy Richard Dyson
The Telegraph, London
Monday, September 15, 2014
Scottish investment in physical gold has surged by 42 percent in the past fortnight -- on top of the traditional rise in gold demand at this time of the year.
AngloGold Ashanti of South Africa abandons spinoff plans
Submitted by cpowell on Mon, 2014-09-15 13:45 Section: Daily DispatchesBy Chad Bray
The New York Times
Monday, September 15, 2014
LONDON -- AngloGold Ashanti, one of the world's largest gold mining firms, said on Monday that it would abandon plans to spin off its international mining operations and raise $2.1 billion in new capital.
Share price divergence is what results when central banks buy only index futures
Submitted by cpowell on Mon, 2014-09-15 11:38 Section: Daily DispatchesRecord S&P 500 Masks 47% of Nasdaq Mired in Bear Market
By Lu Wang and Joseph Ciolli
Bloomberg News
Monday, September 15, 2014
NEW YORK -- Beneath the U.S. stock market's record-setting gains, trouble is stirring.
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