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By James TitcombThe Telegraph, LondonSaturday, May 23, 2015 Banks are bracing for hundreds of millions of pounds in new claims for foreign exchange manipulation from class-action lawsuits triggered by last week's vast market rigging fines. Barclays, Royal Bank of Scotland, and four other banks were ...
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6:50p ET Saturday, May 23, 2015 Dear Friend of GATA and Gold: Greece, its government, and its people can go down but the European Central Bank means to protect the country's banks, Sprott Asset Management's Eric Sprott tells King World News today. The bankers, Sprott says, "care more about the banki...
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6:40p ET Saturday, May 23, 2015 Dear Friend of GATA and Gold: Gold researcher and GATA consultant Koos Jansen elaborates on today's announcement that the Shanghai Gold Exchange will be arranging acquisition of gold for as many as 60 countries participating in the "Silk Road" trading area. The objec...
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China Sets Up Largest Gold Fund From Xinhua News Agency, BeijingSaturday, May 23, 2015 XI'AN, China -- A gold-sector fund involving countries along the ancient Silk Road has been set up in northwest China's Xi'an City during an ongoing forum on investment and trade this weekend. The fund, led by the...
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From ReutersFriday, May 22, 2015 VIENNA, Austria -- Austria's central bank plans to repatriate some of its gold reserves from Britain after facing criticism for storing too much of the precious metal abroad, the Krone newspaper reported today without naming any sources for the information. Officials...
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By Hannah DreierAssociated Pressvia Yahoo News, New YorkFriday, May 22, 2015 CARACAS, Venezuela -- Venezuelans are dumping their rapidly-depreciating currency at a quicker pace, leading to a staggering plunge in its free-market value, as the crisis-plagued economy edges closer to an outbreak of hype...
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2:25p ET Friday, May 22, 2015 Dear Friend of GATA and Gold: Debt and bond monetization have limits that are already being reached, Sprott Asset Management's Eric Sprott tells King World News today, adding that a few defaults and bankruptcies eventually will make it plain to the financial markets. He...
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12:16p ET Friday, May 22, 2015 Dear Friend of GATA and Gold: Austria is repatriating 110 tonnes of gold from the Bank of England, according to an Austrian newspaper report cited today by gold researcher and GATA consultant Koos Jansen, who writes about it at Bullion Star here: https://www.bullionsta...
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11:18a ET Friday, May 22, 2015 Dear Friend of GATA and Gold: Dave Kranzler of Investment Research Dynamics today calls attention to the fraud being perpetrated by the U.S. Bureau of Labor Statistics, which claims that gasoline prices fell in April when in fact they rose sharply. Kranzler's commentar...
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10:50a ET Friday, May 22, 2015 Dear Friend of GATA and Gold: Gold leasing is far smaller than claimed by establishment analysts of the gold market, gold researcher and GATA consultant Koos Jansen reports today. His commentary is headlined "Chinese Gold Leasing Not What It Seems" and it's posted at B...
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Company Announcement via Business WireFriday, May 22, 2015 TORONTO -- BitGold Inc., a platform for savings and payments in gold, announces that it has entered into an acquisition Agreement to purchase the operating and intellectual property assets of GoldMoney Network Ltd., subject to regulatory app...
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Banks Probed Over Automated Forex Deals Gina Chon and Ben McLannahanFinancial Times, LondonFriday, May 22, 2015 Wall Street banks are facing the threat of new and more damaging allegations about their rigging of foreign exchange markets, as New York's banking regulator intensifies a probe into compu...
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9:22p ET Thursday, May 21, 2015 Dear Friend of GATA and Gold: GoldMoney's research chief, Alasdair Macleod, tonight calls attention to a private index of inflation in the United States over the last five years, the Chapwood Index, which measures "the unadjusted actual cost and price fluctuation of t...
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9:12p ET Thursday, May 21, 2015 Dear Friend of GATA and Gold: Perth Mint research chief Bron Suchecki figures that the Indian government's gold "monetization" proposal will serve mainly to encourage Indians to buy the gold that other Indians are seeking only to lend. Suchecki writes: "There is a mis...
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Is it to increase deliveries, as the sources tell Reuters, or just to paperize London more? * * * By Clara Denina and Jan HarveyReutersThursday, May 21, 2015 LONDON -- The Chicago Mercantile Exchange is developing a European gold futures contract to serve customers in London, three sources familiar ...
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12:50p ET Thursday, May 21, 2015 Dear Friend of GATA and Gold: As debt collapses of its own weight and brings derivatives down with it, Swiss gold fund manager Egon von Greyerz tells King World News today, the determinant of the world's new financial system will be a matter of who has gold and who d...
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11:34a ET Thursday, May 21, 2015 Dear Friend of GATA and Gold: The Indian government's gold "monetization" scheme, the TF Metals Report's Turd Ferguson writes today, aims to create more imaginary gold, to make gold seem to be in two places at once at the same time, in the name of controlling the cou...
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8:35a ET Thursday, May 21, 2015 Dear Friend of GATA and Gold: Gold researcher and GATA consultant Koos Jansen today outlines the arguments for and against thinking that the People's Bank of China obtains gold through the Shanghai Gold Exchange, a determination critical to estimating how much metal h...
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Chinese Gold Standard Would Need a Rate 50 Times Bullion's Price By Nicholas Larkin and Eddie Van Der WaltBloomberg NewsWednesday, May 20, 2015 A move to a gold standard in China would require an exchange rate of as much as $64,000 an ounce, 50 times bullion's price now, according to Bloomberg Intel...
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India's Gold Monetisation Plan Lacks Lustre, Industry Says By A. Ananthalakshmi and Rajendra JadhavReutersWednesday, May 20, 2015 A proposal in India to attract thousands of tonnes of gold owned by households into a bank deposit scheme will likely fail in its current form as it does not address some...
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