You are here
Daily Dispatches
Reuters notices gold backwardation and even quotes Naylor-Leyland
Submitted by cpowell on Fri, 2013-07-19 16:14 Section: Daily DispatchesGold Futures Hiccup Indicates Demand Outpacing Supply
By Mike Kentz
Reuters
Friday, July 19, 2013
A dislocation in the gold futures market indicating that demand for physical delivery of the metal is now far outweighing supply has intensified in recent weeks, increasing concern in the market that the change may not be a momentary blip and participants may have become over-leveraged.
Price smash just made things worse for gold banking system, Maguire says
Submitted by cpowell on Fri, 2013-07-19 14:16 Section: Daily Dispatches2:14p ET Friday, July 19, 2013
Dear Friend of GATA and Gold:
London gold and silver trader and silver market rigging whistleblower Andrew Maguire tells King World News today that the recent gold price smash has increased demand so much as to endanger the whole fractional-reserve gold banking system. An excerpt from the interview is posted at the King World News blog here:
For first time in nine months, Russia's central bank buys no gold
Submitted by cpowell on Fri, 2013-07-19 11:21 Section: Daily Dispatches11:22a ET Friday, July 19, 2013
Dear Friend of GATA and Gold:
Reuters reports today that for the first time in nine months, Russia's central bank bought no gold in June and "the bank declined to comment on the reason":
http://www.reuters.com/article/2013/07/19/russia-cbank-gold-idUSL6N0FP1N...
Could it be that Russia now considers gold a wasting asset?
Grant Williams at KWN: Paper shorting will lead to spectacular rise in gold
Submitted by cpowell on Fri, 2013-07-19 00:36 Section: Daily Dispatches12:35a ET Friday, July 19, 2013
Dear Friend of GATA and Gold:
Writing exclusively for King World News, Grant Williams of the "Things That Make You Go Hmmm...." letter says a short squeeze in gold following a flood of paper short selling like that of April is likely to be spectacular. His commentary is posted at the King World News blog here:
Arensberg sees potential for 'epic short-covering surge' in gold
Submitted by cpowell on Thu, 2013-07-18 23:58 Section: Daily Dispatches11:55p ET Thursday, July 18, 2013
Dear Friend of GATA and Gold:
Gene Arensberg's latest edition of the Got Gold Report examines the extreme shorting of gold by speculative traders who don't have any metal to deliver. Arensberg senses the potential for what he calls "an epic short-covering surge." The GGR is posted here:
Agnico-Eagle's Boyd says gold smash was orchestrated in paper market
Submitted by cpowell on Thu, 2013-07-18 13:49 Section: Daily Dispatches1:45p ET Thursday, July 18, 2013
Dear Friend of GATA and Gold:
Eric Sprott: Central banks pounded gold because they're running out
Submitted by cpowell on Thu, 2013-07-18 11:19 Section: Daily Dispatches11:15a ET Thursday, July 18, 2013
Dear Friend of GATA and Gold:
TF Metals Report: GLD deception reaches new level
Submitted by cpowell on Thu, 2013-07-18 10:11 Section: Daily Dispatches10:08a ET Thursday, July 18, 2013
Dear Friend of GATA and Gold:
GATA's Murphy, Bullion Bulls Canada's Nielson interviewed on gold rigging
Submitted by cpowell on Wed, 2013-07-17 22:30 Section: Daily Dispatches10:27p ET Wednesday, July 17, 2013
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and Jeff Nielson of Bullion Bulls Canada were interviewed this week about gold market manipulation by Mo Dawoud of the Wall Street for Main Street Internet site. The interview is 39 minutes long and can be heard here:
MineWeb notes manipulation evidence; NY Sun marvels at dollar's rise
Submitted by cpowell on Wed, 2013-07-17 22:21 Section: Daily Dispatches10:14p ET Wednesday, July 17, 2013
Dear Friend of GATA and Gold:
Pages
