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Most read articles
Chris Powell - GATA
The critical questions Kitco never put to Doug Casey about gold price suppression 
Interviewed this week at the Freedom Fest conference in Las Vegas by Daniela Cambone of Kitco News, Casey Research founder Doug Casey called complaints of gold price suppression "ridiculous." Governments can't be suppressing the price of gold, Casey maintained, because gold has done rather well for four decades, because governments own a smaller share of the world's gold than they used to, and because all governments are bankrupt. ADVERTISEMENT Jim Sinclair plans gold investing seminar in Seat
Friday, July 11, 2014
Chris Powell - GATA
Russian companies prepare to pay for trade in renminbi
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 a significant interest in the market from large Russian corporations to start using various products in renmi
Monday, June 09, 2014
Chris Powell - GATA
ECB policymakers plot QE road map
By Claire Jones Financial Times, London Sunday, April 13, 2014 A European Central Bank policy maker has offered hints on how the eurozone's monetary guardians would embark on an asset-buying, or quantitative easing, programme to stave off low inflation. Benoit Coeure, a member of the ECB's executive board who is seen as one of the officials closest to president Mario Draghi, indicated at the International Monetary Fund’s spring meetings in Washington that the central bank could buy a broad range
Monday, April 14, 2014
Chris Powell - GATA
UKIP's victorious Farage interviewed by King World News
Nigel Farage, leader of the upstart United Kingdom Independence Party and the revolt against the creeping totalitarianism of the European Union, is on the verge of becoming a world-historical figure, having scored a stunning victory in this week's election for the European Union Parliament. But Farage is still giving interviews to King World News, and tonight he says public debt is a crushing problem and the international financial system is a mirage. An excerpt from his interview is posted at t
Friday, May 30, 2014
Chris Powell - GATA
German TV network broadcasts long program on gold market manipulation
Gold researcher and GATA consultant Koos Jansen today calls attention to a long broadcast about gold market manipulation made this month on the German-language television network 3sat, which serves Germany, Austria, and Switzerland. The broadcast came on the 3sat program "Makro" and focused on recent complaints about the daily London gold fixings. It quoted market analyst and GATA consultant Dimitri Speck and Hong Kong fund manager William Kaye, who is frequently interviewed by King World News a
Tuesday, May 20, 2014
Chris Powell - GATA
Economists notwithstanding, Indians know how to put their gold to work
By Julie McCarthy National Public Radio, Washington Monday, April 14, 2014 http://www.npr.org/blogs/parallels/2014/04/14/301412384/a-gold-obsession... It's indestructible. It's fungible. It's beautiful. And for Indians, gold -- whether it's 18-, 22-, or 24-carat -- is semi-sacred. The late distinguished Indian economist I.G. Patel observed, "In prosperity as in the hour of need, the thoughts of most Indians turn to gold." No marriage takes place without gold ornaments presented to the bride. Eve
Monday, April 14, 2014
Chris Powell - GATA
Goodbye, markets: Having monetized bonds, central banks have bought trillions in stocks
By Ralph Atkins Financial Times, London Sunday, June 15, 2014 http://www.ft.com/intl/cms/s/0/d9dfad02-f462-11e3-a143-00144feabdc0.html Central banks around the world, including China's, have shifted decisively into investing in equities as low interest rates have hit their revenues, according to a global study of 400 public-sector institutions. "A cluster of central banking investors has become major players on world equity markets," says a report to be published this week by the Official Moneta
Monday, June 16, 2014
Chris Powell - GATA
TF Metals Report: Morgan bought gold to sell it for price control
Analyzing gold futures market position data, the TF Metals Report's Turd Ferguson writes that JPMorganChase & Co. seems to have acquired its big long position in gold last year and early this year only as ammunition for selling to control the monetary metal's price. Ferguson's analysis is headlined "Considering the Latest Bank Participation Report" and it's posted at the TF Metals Report here: http://www.tfmetalsreport.com/blog/5832/considering-latest-bank-particip...
Wednesday, June 18, 2014
Chris Powell - GATA
The world's real rulers: central banks operating in secret
By Ambrose Evans-Pritchard The Telegraph, London Thursday, May 15, 2014 http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100027284/eu... The revelations about EMU skulduggery are coming thick and fast. Tim Geithner recounts in his book "Stress Test: Reflections on Financial Crises" just how far the EU elites are willing to go to save the euro, even if it means toppling elected leaders and eviscerating Europe's sovereign parliaments. The former US Treasury Secretary says that EU offici
Thursday, May 15, 2014
Chris Powell - GATA
Stung by 'flash crashes,' Comex considers volatility limits in gold and silver futures
By Frank Tang Reuters Tuesday, April 29, 2014 U.S. futures exchange CME Group Inc. is considering the introduction of daily limits on price moves in gold and silver futures in a bid to rein in wild volatility that has spooked investors in recent years, a CME official said Tuesday. CME at present has price fluctuation limits for futures contracts in some energy, agricultural commodities, and financial products, but none for its precious and base metals products. The possible move reflects growing
Wednesday, April 30, 2014
Chris Powell - GATA
China National Gold talks to Barrick about potential partnerships
By Alistair Macdonald The Wall Street Journal Tuesday, June 17, 2014 China National Gold Group Corp. is on the hunt for acquisitions and partnerships, the mining company's president said, possibly becoming a kingmaker in the beleaguered industry. Xin Song said he recently talked about potential partnerships with Barrick Gold Corp., the world's largest gold producer. ... Mr. Song said that his company, China's largest gold-mining concern, is searching for opportunities in gold, silver and copper.
Tuesday, June 17, 2014
Chris Powell - GATA
The Infinite Monkey Theorem confronts infinite gold and silver market manipulation
GATA frequently writes to about two dozen journalists at mainstream financial news organizations about matters indicating manipulation of the monetary metals markets, alerting them to all new documentation and evidence we've discovered, so that none of those organizations can claim not to have known what was going on, only to have ignored it. Of course seldom do we receive even an acknowledgment; the issue is simply a prohibited subject for mainstream financial journalism in the West. But GATA m
Wednesday, April 30, 2014
Chris Powell - GATA
Goldman Sachs paperizes India's largest gold ETF
Provision to Invest in Gold Deposit Schemes Introduces Credit Risk to Such Funds By Sachin P. Mampatta Business Standard, New Delhi Tuesday, June 17, 2014 http://www.business-standard.com/article/markets/your-gold-etf-has-chang... MUMBAI -- Gold exchange traded funds (ETFs) have a new element of risk. These schemes, which earlier held physical gold equivalent to the unit holders' investments, now lend a portion of these as part of a government move to meet gold demand through domestic sources. T
Tuesday, June 17, 2014
Chris Powell - GATA
U.S. suits hobble Deutsche Bank's bid to sell gold fix seat
By Clara Denina and Jan Harvey Reuters Friday, April 25, 2014 LONDON -- Deutsche Bank may end up resigning its seat on the London gold fix rather than selling it as U.S. lawsuits alleging price rigging against the five banks that set the benchmark deter potential buyers, industry sources said. Over the past two months, U.S.-based investors and traders have filed nearly 20 antitrust claims accusing Barclays, Deutsche Bank, HSBC, Bank of Nova Scotia, and Societe Generale of colluding to manipulate
Friday, April 25, 2014
Chris Powell - GATA
Sprott Money News interviews GATA secretary about London gold fix
Your secretary/treasury was interviewed for 10 minutes today by Sprott Money News about growing suspicion about the daily London gold fix and what might replace it. The interview is not quite 10 minutes long and can be heard at the Sprott Money Internet site here: http://www.sprottmoney.com/sprott-money-weekly-wrap-up
Saturday, June 14, 2014
Chris Powell - GATA
GATA consultant Speck interviewed about gold and silver price suppression
Market analyst, statistician, author, and GATA consultant Dimitri Speck is interviewed about gold and silver price suppression by Claudio Grass, managing director of Global Gold AG in Rapperswil, Switzerland, in the June edition of the firm's newsletter: https://www.globalgold.ch/fileadmin/user_upload/Newletters/Global_Gold_O...
Saturday, June 07, 2014
Chris Powell - GATA
Hulbert thinks lousy sentiment, charts drag gold down, not central banks
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 are trading in the gold market "nearly every day," presumably for policy purposes rather than for fun competitions among their foreign exchange
Wednesday, May 28, 2014
Chris Powell - GATA
Koos Jansen: Chinese commodity financing deals in gold are greatly exaggerated
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 it is no more than 100. His commentary is headlined "Mainstream Media Exaggerated Chinese Commodity Financing Deals" and it's posted at his Internet site, In Gold We Trust, here: http://www.ingoldwetrust.ch/mainstream-media-ex
Tuesday, May 27, 2014
Chris Powell - GATA
Eric Sprott, Andrew Maguire interviewed by King World News
King World News has monetary metals-related interviews with Sprott Asset Management CEO Eric Sprott, in two parts, here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/5/9_Eri... http://tinyurl.com/lb2333n And with London metals trader Andrew Maguire here: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/5/9_Mag...
Saturday, May 10, 2014
Chris Powell - GATA
Hurlburt thinks lousy sentiment, charts drag gold down, not central banks
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 Hurlburt that by their own admission central banks are trading in the gold market "nearly every day," presumably for policy purposes rather than for fun competitions among their foreign exchange
Wednesday, May 28, 2014
Chris Powell - GATA
Former ECB board member calls world financial system 'pure fiction'
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 the premise of infinite money created by central banks without regard to the goods and services available. An account of Start's remarks is provided by the Spanish financial news Internet site Oro Y Finanzes and it's easily understood w
Tuesday, May 27, 2014
Chris Powell - GATA
Currencies weaken and gold flows from West to Asia, Sprott says
Currencies are weakening worldwide even as gold being exported from the West to Asia is increasing, Sprott Asset Management CEO Eric Sprott notes in the weekly market review with Sprott Money News. Some of that gold, Sprott adds, is likely coming out of central bank vaults. The interview is 8 minutes long and can be heard at the Sprott Money Internet site here: http://www.sprottmoney.com/sprott-money-weekly-wrap-up
Monday, April 28, 2014
Chris Powell - GATA
Asia takes every ounce West unloads but gold will fall for two years, GFMS says
By Ben Kilbey Platt's Metals Daily Thursday, April 17, 2014 http://www.platts.com/latest-news/metals/london/gold-price-likely-to-ave... LONDON -- A lack of investment interest in gold is starting to take its toll on the price, with an average of $1,225/oz forecast for 2014 and heading lower in 2015, GFMS said Thursday in its Gold Survey 2014. The price forecast is 13% lower than the 2013 average of $1,411.23/oz. "The price is expected to post 2014 lows in mid-year, with a fundamentally driven ra
Thursday, April 17, 2014
Chris Powell - GATA
Koos Jansen: Shanghai Gold Exchange chairman explains its objectives
Gold researcher and GATA consultant Koos Jansen today provides an English translation of a news report about a speech by Shanghai Gold Exchange Chairman Xu Luodo, explaining the exchange's plan to become a major international exchange increasing China's influence on the gold price and facilitating the internationalization of the nation's currency. Xu's speech also confirms that Shanghai Gold Exchange offtake is equivalent to China's total gold demand. Jansen's commentary is headlined "SGE Chairm
Friday, June 13, 2014
Chris Powell - GATA
Trace Mayer, James Turk discuss prospects for gold and private currencies
GATA consultants Trace Mayer of RunToGold.com and James Turk of GoldMoney discussed the prospects for gold, Bitcoin, and other private currencies at the European Gold Forum in Zurich, Switzerland, last month. The discussion was moderated by Paul Burton of Piran Mining Research and can be viewed at YouTube here: https://www.youtube.com/watch?v=YbtmM9ELWdQ
Friday, June 13, 2014
Chris Powell - GATA
London gold fixing is open to manipulation, LME executive says
By Eric Onstad Reuters Tuesday, June 10, 2014 LONDON -- The global gold price setting benchmark or "fix" is open to manipulation, said the head of the London Metal Exchange (LME), which is competing to offer an alternative to the silver fix when the system is disbanded in August. The gold and silver fixes, along with other commodity benchmarks, have come under increasing scrutiny by regulators in Europe and the United States since a London Interbank Offered Rate (Libor) manipulation case last ye
Wednesday, June 11, 2014
Chris Powell - GATA
Conspiracy fact: Euopean central banks again admit, renew secret coordination on gold
Statement by the European Central Bank Frankfurt am Main, Germany Monday, May 19, 2014 http://www.ecb.europa.eu/press/pr/date/2014/html/pr140519.en.html The European Central Bank, the Nationale Bank van Belgie/Banque Nationale de Belgique, the Deutsche Bundesbank, Eesti Pank, the Central Bank of Ireland, the Bank of Greece, the Banco de Espana, the Banque de France, the Banca d'Italia, the Central Bank of Cyprus, Latvijas Banka, the Banque centrale du Luxembourg, the Central Bank of Malta, De Ne
Monday, May 19, 2014
Chris Powell - GATA
If it ever asked the right question, the FT would make itself a contrarian indicator
In an interview today with King World News, Hinde Capital CEO Ben Davies cites as a likely contrarian indicator a story published this week on the front page of the Financial Times noting the collapse of market volatility. The FT story, whose first two paragraphs are appended, said the decline of market volatility is a matter of suppression of interest rates by central banks and acknowledged that this is a consequence of their "intervention." While acknowledging "intervention" by central banks i
Friday, June 13, 2014
Chris Powell - GATA
TF Metals Report: Expect more gold price suppression for short covering in June
The TF Metals Report's Turd Ferguson forecasts more heavy price suppression by the gold cartel during June as it prepares to cover short positions in the futures markets: http://www.tfmetalsreport.com/blog/5811/clarifying-picture-june
Thursday, June 05, 2014
Chris Powell - GATA
European Central Bank expected to push key interest rate below zero
By Szu Ping Chan The Telegraph, London Saturday, May 31, 2014 The European Central Bank is preparing to take monetary policy into uncharted territory this week as it fights to prevent the 18-nation bloc from being sucked into a Japanese-style deflationary trap. Mario Draghi, the president of Europe's central bank, is expected to unveil a package of measures designed to boost eurozone lending and stimulate growth, including reducing one of its key interest rates below zero. Analysts expect the EC
Saturday, May 31, 2014

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