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Daily Dispatches
JPM's derivatives blowup vindicates Sinclair, Embry tells King World News
Submitted by cpowell on Mon, 2012-05-14 13:45 Section: Daily Dispatches1:45p ET Monday, May 14, 2012
Dear Friend of GATA and Gold:
India likely intervened in forex market to support rupee
Submitted by cpowell on Mon, 2012-05-14 09:32 Section: Daily DispatchesBy Sudeep Jain and Nupur Acharya
The Wall Street Journal
Monday, May 14, 2012
http://online.wsj.com/article/SB1000142405270230419270457740368024856961...
MineWeb: Indian government aims to 'throttle' gold demand
Submitted by cpowell on Mon, 2012-05-14 09:26 Section: Daily Dispatches9:22a ET Monday, May 14, 2012
Dear Friend of GATA and Gold:
MineWeb's Shivom Seth reports that the Indian government is considering issuance of gold bonds to strengthen the rupee and "throttle" gold imports. The MineWeb story says:
After years of selling it, IMF plans to buy $2 billion in gold
Submitted by cpowell on Mon, 2012-05-14 09:13 Section: Daily DispatchesFrom Commodity Online
Ahmedabad, India
Monday, May 14, 2012
NEW YORK -- The International Monetary Fund is planning to purchase more than $2 billion worth of gold on account of rising global risks. The IMF currently holds around 2,800 tonnes of gold at various depositories
Yukon gold rush isn't slowing but watershed raises concerns
Submitted by cpowell on Sun, 2012-05-13 20:26 Section: Daily DispatchesJason Unrau
National Post, Toronto
Sunday, May 13, 2012
http://news.nationalpost.com/2012/05/13/the-yukons-gold-rush-shows-no-si...
Gold standard would discourage derivatives craziness, Pento tells King World News
Submitted by cpowell on Sun, 2012-05-13 20:11 Section: Daily Dispatches8:07p ET Sunday, May 13, 2012
Dear Friend of GATA and Gold:
Alasdair Macleod: Gold bugs will be vindicated
Submitted by cpowell on Sat, 2012-05-12 10:27 Section: Daily Dispatches10:23a ET Saturday, May 12, 2012
Dear Friend of GATA and Gold:
Writing at GoldMoney, the economist Alasdair Macleod argues that when the debt trap is sprung on profligate governments, not just their bonds but their currencies too will be wrecked, and "gold bugs will be vindicated." That's the headline on his commentary and it's posted at GoldMoney here:
Gold, silver, copper mining could get Haiti off international welfare
Submitted by cpowell on Fri, 2012-05-11 22:38 Section: Daily DispatchesHaiti Hopes Ore Find Will Spur Mining Boom
By Martha Mendoza
Associated Press
via Google News
Friday, May 11, 2012
http://www.google.com/hostednews/ap/article/ALeqM5iQ2SuH1RWmiDf088vyEsVY...
Egon von Greyerz: Gold -- what correction?
Submitted by cpowell on Fri, 2012-05-11 15:49 Section: Daily Dispatches3:50p ET Friday, May 11, 2012
Dear Friend of GATA and Gold:
Matterhorn Asset Management's Egon von Greyerz today shrugs off the recent setbacks in the gold and silver markets. His commentary is headlined "Gold -- What Correction" and it's posted at Matterhorn's GoldSwitzerland Internet site here:
http://goldswitzerland.com/gold-what-correction/
CHRIS POWELL, Secretary/Treasurer
FT's Gillian Tett provides the rationale for gold price suppression
Submitted by cpowell on Fri, 2012-05-11 15:42 Section: Daily Dispatches3:36p ET Friday, May 11, 2012
Dear Friend of GATA and Gold:
Explaining "financial repression" as the coercion of investors to purchase government bonds that pay negative real interest rates, Gillian Tett of the Financial Times this week provided the perfect rationale for the Western central bank gold price suppression scheme -- all without mentioning gold at all.
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