Ronan Manly: Longtime gold market crook Deutsche Bank wants back in the LBMA
Submitted by admin on Thu, 2023-01-26 21:39 Section: Daily Dispatches9:39p ET Thursday, January 26, 2023
Dear Friend of GATA and Gold:
Bullion Star researcher Ronan Manly reports tonight that nine years after exiting the London Bullion Market Association in a storm of corruption and market rigging, Deutsche Bank proposes to return.
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Alasdair Macleod: Russia's intentions are clarifying
Submitted by admin on Thu, 2023-01-26 11:14 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, January 26, 2023
We have confirmation from the highest sources that Russia and the Shanghai Cooperation Organisation are considering using gold for pan-Asian trade settlements, fully replacing dollars and euros.
Craig Hemke at Sprott Money: Gold bank run won't start at the Comex
Submitted by admin on Wed, 2023-01-25 16:50 Section: Daily Dispatches4:50p ET Wednesday, January 25, 2023
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing today at Sprott Money, concludes that no serious gold action is taking place on the New York Commodities Exchange. Rather, Hemke writes, the same four big banks are just shuffling among themselves the contracts nominally being bought and sold.
When a run on the gold banking system develops, Hemke writes, it's not likely to happen at the Comex.
Hemke's analysis is headlined "Comex January Gold Deliveries" and it's posted at Sprott Money here:
Switzerland sent 524 tonnes of gold to China last year, most since 2018
Submitted by admin on Tue, 2023-01-24 14:55 Section: Daily DispatchesBy Peter Hobson
Reuters
via Nasdaq.com, New York
Tuesday, January 24, 2023
LONDON -- Swiss exports of gold to countries including China, Turkey, Singapore, and Thailand surged to multi-year highs last year, Swiss customs data showed today, as low prices boosted demand from consumers in Asia and the Middle East.
Rising interest rates caused many financial investors in Europe and North America to sell gold in 2022, releasing large amounts of metal from storage and pushing down prices.
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Jim Rickards: Gold's breakout is central banking's doing, not inflation's
Submitted by admin on Tue, 2023-01-24 11:51 Section: Daily DispatchesBy James G. Rickards
The Daily Reckoning, Baltimore
Monday, January 23, 2023
Most assets have a poor record over the past year. Gold is one of the few assets that posted a gain -- not a major gain, but a gain.
Gold has really taken off since late October, from below $1,630 to almost $1,930 today. That's a major move. What's going on?
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Supreme Court rejects appeals of ex-Deutsche Bank traders in metals spoofing
Submitted by admin on Mon, 2023-01-23 11:05 Section: Daily DispatchesBy Greg Stohr
Bloomberg News
Monday, January 23, 2023
The U.S. Supreme Court has refused to review the convictions of two former Deutsche Bank precious-metals traders for manipulating gold and silver prices with "spoof" trade orders.
The nation's highest court without comment turned away appeals from James Vorley and Cedric Chanu, who were each sentenced to one year and one day in prison for wire fraud.
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