Daily Dispatches

By Eddie Spence
Bloomberg News
Monday, July 18, 2022

At Bear Stearns Cos., before the bank was acquired by JPMorgan Chase & Co. in 2008, manipulating the gold futures market with bogus spoof orders was "common practice," especially for its top trader, Gregg Smith, a former colleague told jurors in Chicago.

"It was pretty widespread" on the precious-metals trading desk, said Corey Flaum, a gold and silver trader who was later fired for spoofing and reached a criminal plea agreement to cooperate with prosecutors. 

7:32p ET Sunday, July 17, 2022

Dear Friend of GATA and Gold:

Eight years ago as Russia seized Crimea from Ukraine, Ukraine's gold appeared to have been hastily shipped to the United States. Nobody in authority would deny it:

https://gata.org/node/14744

Today the Ukrainian central bank acknowledged that $12 billion of its gold reserves recently was sold under pressure of the war with Russia that began this year:

https://www.gata.org/node/22063

By Scott Wilson
Washington Post
Sunday, July 17, 2022

GRASS VALLEY, Calif. — Where the Sacramento Valley steepens into the Sierra Nevada, Susan Love found a home with big windows and pine-forest views. It was the house she shared happily with her husband before his death.

The surroundings, though, are changing.

11:35a ET Sunday, July 17, 2022

Dear Friend of GATA and Gold:

Gold researcher Jan Nieuwenhuijs of Gainesville Coins writes today that Austrian gold reserves that were to have been transferred from the Bank of England in London to storage in Switzerland are still in London.

But he adds that the delay doesn't seem to be nefarious. Rather, Nieuwenhuijs writes, the problem is that the Swiss central bank's main gold vault is still being renovated and Switzerland's own gold reserves have been temporarily relocated as a result.