Sunday, August 14, 2016

Russian companies prepare to pay for trade in renminbi

June 8, 2014 by · Leave a Comment 

GATA By Jack Farchy and Kathrin Hille Financial Times, London Sunday, June 8, 2014 http://www.ft.com/intl/cms/s/0/9f686816-ed51-11e3-abf3-00144feabdc0.html Russian companies are preparing to switch contracts to renminbi and other Asian currencies amid fears that western sanctions may freeze them out of the US dollar market, according to two top bankers. “Over the last few weeks there has been [...]

Today’s gold price suppression will end as London Gold Pool did, Turk tells KWN

May 27, 2014 by · Leave a Comment 

GATA 8:39p ET Tuesday, May 27, 2014 Dear Friend of GATA and Gold: Recent long periods of backwardation in gold show that central banks are losing their battle against gold as they did when the original London Gold Pool collapsed in 1968, GoldMoney founder and GATA consultant James Turk tells King World News tonight. “That [...]

Hulbert thinks lousy sentiment, charts drag gold down, not central banks

May 27, 2014 by · Leave a Comment 

GATA 8:20p ET Tuesday, May 27, 2014 Dear Friend of GATA and Gold: Financial letter writer Mark Hulbert, commenting today for MarketWatch.com, says he knows what’s dragging the gold price down — unfavorable sentiment among other financial letter writers and unfavorable charts: http://www.marketwatch.com/story/heres-the-real-reason-gold-is-falling-2… It’s no matter to Hulbert that by their own admission central banks [...]

John Embry, William Kaye interviewed at KWN

May 27, 2014 by · Leave a Comment 

GATA 3:36p ET Tuesday, May 27, 2014 Dear Friend of GATA and Gold: Sprott Asset Management’s John Embry tells King World News about today’s options expiration smash in gold and silver. “The backdrop for gold is incredibly bullish,” Embry says, “and yet, because there is an options expiry today, the price of gold gets hammered.” [...]

Koos Jansen: International board adds strength to Shanghai Gold Exchange

May 27, 2014 by · Leave a Comment 

GATA 10:47a ET Tuesday, May 27, 2014 Dear Friend of GATA and Gold: In creating an international board for the Shanghai Gold Exchange, gold researcher and GATA consultant Koos Jansen writes, China aims to make Shanghai the foremost gold exchange in the world and facilitate the internationalization of its currency, the renminbi. Jansen’s commentary is [...]

Vietnam central bank admits intervening in gold market to support its currency

May 26, 2014 by · Leave a Comment 

GATA Only in a nominally communist country does a central bank tell the truth. * * * Vietnam Central Bank Vows to Intervene in Gold Market to Maintain Stability From Tuoi Tre (newspaper) Ho Chi Minh City, Vietnam Monday, May 26, 2014 http://tuoitrenews.vn/business/19888/cbank-vows-to-intervene-in-gold-mar… The State Bank of Vietnam has enough gold bullion that can be [...]

Former ECB board member calls world financial system ‘pure fiction’

May 26, 2014 by · Leave a Comment 

GATA 9:29p ET Monday, May 26, 2014 Dear Friend of GATA and Gold: Former Bundesbank vice president and former European Central Bank board member Jurgen Stark told a conference held by the Ludwig von Mises Institute in Munich this month that the entire world financial system is “pure fiction” and vulnerable to collapse, built on [...]

Koos Jansen: Chinese commodity financing deals in gold are greatly exaggerated

May 26, 2014 by · Leave a Comment 

GATA 9:05p ET Monday, May 26, 2014 Dear Friend of GATA and Gold: Chinese commodity financing deals using gold as collateral have been greatly exaggerated, gold researcher and GATA consultant Koos Jansen reports today. The World Gold Council estimates that the deals may involve as much as 1,000 tonnes of gold while Jansen estimates that [...]

With London fix under fire, China seeks bigger sway in gold trade

May 26, 2014 by · Leave a Comment 

GATA By A. Ananthalakshmi Reuters Tuesday, May 27, 2014 SINGAPORE — China has approached foreign banks and gold producers to participate in a global gold exchange in Shanghai, people familiar with the matter said, as the world’s top producer and importer of the metal seeks greater influence over pricing. The Shanghai Gold Exchange (SGE) got [...]

Chinese fund offers 46% premium for Laotian gold miner

May 13, 2014 by · Leave a Comment 

GATA Guangdong Rising Bids $1 Billion for Copper Miner PanAust By Byron Kaye and Sonali Paul Reuters Tuesday, May 13, 2014 China’s Guangdong Rising Assets Management has proposed a A$1.1 billion ($1 billion) takeover offer for copper and gold miner PanAust Ltd., the second bid for an Australian resources firm by a Chinese state-owned company [...]

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