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Kaye tells KWN why 2015 will be gold's year

Wed, 12/17/2014 - 17:15

4:15p ET Wednesday, December 17, 2014

Dear Friend of GATA and Gold:

Hong Kong fund manager William Kaye today tells King World News why he thinks 2015 will be gold's year:

http://kingworldnews.com/top-asian-hedge-fund-manager-predicts-banner-ye...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Pam Martens: Meet your newest legislator -- Citigroup

Wed, 12/17/2014 - 09:43

By Pam Martens
Wall Street on Parade, New York
Tuesday, December 16, 2014

Citigroup is the Wall Street mega-bank that forced the repeal of the Glass-Steagall Act in 1999; blew itself up as a result of the repeal in 2008; was propped back up with the largest taxpayer bailout in the history of the world even though it was insolvent and didn't qualify for a bailout; has now written its own legislation to deregulate itself; got the president of the United States to lobby for its passage; and received an up vote from both houses of Congress in less than a week.

And there is one more thing you should know at the outset about Citigroup: It didn't just have a hand in bringing the country to its knees in 2008; it was a key participant in the 1929 collapse under the moniker National City Bank. Both the U.S. Senate's investigation of the collapse of the financial system in 1929 and the Financial Crisis Inquiry Commission that investigated the 2008 collapse cited this bank as a key culprit. ...

... For the remainder of the report:

http://wallstreetonparade.com/2014/12/meet-your-newest-legislator-citigr...

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Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Traders betting Russia's next move will be to sell gold

Tue, 12/16/2014 - 21:26

By Debarati Roy
Bloomberg News
Tuesday, December 16, 2014

NEW YORK -- Russia's surprise interest-rate increase failed to stop the plummeting ruble. The next weapon available to repair economic havoc caused by sanctions and falling oil prices: selling gold.

Russia holds about 1,169.5 metric tons of the precious metal, the central bank said last month. That's about 10 percent of its foreign reserves, according to the London-based World Gold Council. The country added 150 tons this year through Nov. 18, central bank Governor Elvira Nabiullina told lawmakers.

Russia's cash pile has dropped to a five-year low as its central bank spent more than $80 billion trying to slow the ruble's retreat. The currency's collapse combined with more than a 40 percent tumble in oil prices this year is robbing Russia of the hard currency it needs in the face of sanctions imposed after President Vladimir Putin's annexation of Crimea. A fall in gold prices signals that traders are betting that the country will tap its reserves. ...

... For the remainder of the report:

http://www.bloomberg.com/news/2014-12-16/traders-betting-russia-s-next-m...

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Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

India to weigh gold policy impact after 38% spurt in November imports

Tue, 12/16/2014 - 13:55

By Suvashree Choudhury and Meenakshi Sharma
Reuters
Tuesday, December 16, 2014

India will weigh the impact of last month's easing of gold import rules after inbound shipments jumped 38 percent in November to push its trade deficit to an 18-month high, Trade Secretary Rajeev Kher said today.

In a surprise move, the world's second-biggest gold consumer scrapped a rule for traders to export 20 percent of all gold imports, belying expectations for tighter curbs instead.

After the change, gold imports surged to 151.58 tonnes in November, an increase of 38 percent from 109.55 tonnes a month earlier, trade ministry data showed today. ...

... For the remainder of the report:

http://www.reuters.com/article/2014/12/16/india-gold-trade-idUSL3N0U0324...

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Join GATA here:

Vancouver Resource Investment Conference
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1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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To contribute to GATA, please visit:

http://www.gata.org/node/16

Finance now runs the world and productive economy is an afterthought, Embry says

Tue, 12/16/2014 - 13:16

12:15p ET Tuesday, December 16, 2014

Dear Friend of GATA and Gold:

Finance used to facilitate the productive economy but now, Sprott Asset Management's John Embry tells King World News, finance runs and expropriates the world and the productive economy is a mere afterthought. Embry adds that since monetary metal mining shares can hardly be given away, the advice from entrepreneur Frank Giustra to buy them now should be taken. An excerpt from Embry's interview is posted at the KWN blog here:

http://kingworldnews.com/follow-this-billionaires-massive-bet-for-extrao...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Secret central bank interventions are the worst market disruptions, Turk says

Mon, 12/15/2014 - 18:10

5:08p ET Monday, December 15, 2014

Dear Friend of GATA and Gold:

Secret central bank interventions are the reason for the withdrawal of a big commodity trading company from the gold market, GoldMoney founder and GATA consultant James Turk tells King World News today.

The trading company, Turk notes, said it was getting out of the gold business because it could not confirm the origin of the gold it was trading, but the gold likely was central bank gold.

"Central planners claim that secrecy is essential so that markets are not disrupted, which is not only misleading but totally spurious," Turk says. "The disruption to the market process that arises from the interventions of central planners is far worse than what would occur by disclosing to the public what central banks are doing and when they are doing it."

Turk's interview is excepted at the KWN blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/12/15_T...

Also at King World News, Canadian market analyst John Ing sees oil's price decline as a double boost to gold and gold miners:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/12/15_L...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Anglo Far-East: Think Outside the Bank

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Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Let them eat gold -- if, in depression-stricken Spain, they have the money

Sat, 12/13/2014 - 12:30

Spain's Gold Dust Bread 'World's Most Pricey'

From The Local, Madrid, Spain
Friday, December 12, 2014

http://www.thelocal.es/20141212/spains-gold-dust-bread-worlds-most-price...

Spain is the home of cheap breakfasts with a set menu comprised of toast, coffee, and orange juice often coming in at least than E3.

But a baker in the village of Algatocín near the Andalusian town of Ronda is bucking the trend by selling what he has dubbed "the most expensive bread in the world."

The 14-ounce loaves made at the Pan Pina bakery contain whole wheat dough and spelt with dehydrated honey. The loaves also contain one key extra ingredient: 250 milligrams of gold dust with a value of E100.

Juan Manuel Moreno, a co-owner at the bakery, told Spain's ABC newspaper he came up with the idea after seeing the "world's most expensive coffee" on sale at another business in the region.

Moreno says Arab, Russian, and Chinese buyers based on the Costa de Sol have shown the most interest in the bread. However, a national supermarket chain is set to start selling the product while a restaurant in Ronda also has expressed an interest.

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Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Koos Jansen: Why Austria is likely to repatriate its gold from London

Sat, 12/13/2014 - 11:46

10:46a ET Saturday, December 13, 2014

Dear Friend of GATA and Gold:

Bullion Star market analyst and GATA consultant Koos Jansen writes today that the Austrian central bank's gradual reduction of the unallocated portion of its gold reserves at the Bank of England in London indicates that Austria is serious about repatriating its foreign-vaulted gold. Jansen's commentary is headlined "Why Austria Is Likely to Repatriate Its Gold from London" and it's posted at Bullion Star here:

https://www.bullionstar.com/blog/koos-jansen/why-austria-is-likely-to-re...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

GATA secretary interviewed about secret futures trading by central banks

Sat, 12/13/2014 - 09:09

8:12a ET Saturday, December 13, 2014

Dear Friend of GATA and Gold:

Your secretary/treasurer, interviewed by Nick Hodge of the Outsider Club at the New Orleans Investment Conference in October, discussed U.S. government records showing that central banks are secretly trading all major futures markets in the United States:

http://www.gata.org/node/14385

http://www.gata.org/node/14411

http://www.gata.org/node/14421

Since central banks are able to create infinite money, your secretary/treasurer argues, no ordinary investor can trade against them and there are really no markets anymore, just interventions. The interview is not quite 8 minutes long and video of it is posted at the Outsider Club's Internet site here:

http://www.outsiderclub.com/videos/gold-manipulation-nick-hodge-intervie...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

James Quinn: Bank of England has missed its chance for greater transparency

Sat, 12/13/2014 - 09:00

By James Quinn
The Telegraph, London
Thursday, December 11, 2014

http://www.telegraph.co.uk/finance/economics/11289020/The-Bank-of-Englan...

When Gordon Brown gave the Bank of England independence from political control just four days after Labour swept to power in May 1997, it was with a fanfare.

The surprise announcement -- it had not been a policy or the subject of debate in the run-up to or during the General Election ii was described at the time as the "most radical shake-up" in the bank's 300-odd year history.

"I want to set in place a long-term framework for economic prosperity," boomed the then-chancellor. "I want to break from the boom-bust economics of previous years."

... Dispatch continues below ...


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Brown's policy -- which Tony Blair claimed 13 years later in his memoirs was his own idea all along -- set the Bank on a new path. Having long been the enabling arm of HM Treasury, here was the opportunity to really set the Old Lady of Threadneedle Street free.

Brown viewed the independent bank as being in line with his own monetarist principles. With the Bank given independence to set interest rates, the Treasury could not be accused of interfering with the market.

For centuries it had been the responsibility of one man -- the chancellor of the Exchequer -- to decide what the interest rate should be in order to best manage the economy.

In establishing the Monetary Policy Committee, Brown gave it two main aims. One was to formulate the UK's monetary policy, via the setting of the bank's base rate, linked to a target inflation rate of 2 percent. Secondly, he charged the committee with supporting the government's economic policies, in particular for employment and growth.

But by passing responsibility to set rates from his own office to that of the MPC, Brown simply passed power from one opaque decision maker to another.

Yes, the MPC is made up of nine members rather than one, but its role is still as judge and jury, hearing the evidence put by the Bank’s economists, and then deciding on the best path. For the 17 years of its existence it has made those decisions entirely in private. Although its monthly meetings last two days, all that central bank watchers are given at the end is a drab statement indicating the new rate, and a bland note on the health of the economy.

Abridged minutes -- which essentially list key economic data discussed by the committee, and the proportion of members who voted in which direction -- are then released a fortnight later, but the actual, full transcripts are then shredded and burned. This practice was deemed acceptable by Brown and then Governor Sir Eddie George from the MPC's inception.

But although Mark Carney, the current governor, swept in to Threadneedle Street on a mandate of openness and change -- he allows bank staff to call him "Mark" rather than "Mr. Governor," for example -- there is little evidence of change 18 months on.

Thursday's publication and adoption of the Warsh review into transparency will change little. The date of publication of the minutes will be brought forward to coincide with the announcement of the interest rate decision, but they will not be transcripts. They will be be published only eight years later, some three years behind the five-year rule employed by the US Federal Reserve, with the bank citing the UK's six-to-eight-year business cycle as the prime reason behind the chosen delay. The European Central Bank, that bastion of openness, doesn't publish its transcripts for 30 years, the bank's spinner pointed out, as if that made everything all right.

Even when these transcripts are published, they will not be in full. Instead they will be partial versions -- missing out day one of the meetings when all the main discussion is said to take place -- with publication due to start in 2023, some nine years from now. The argument for holding back on some of the transcripts is because, bank sources hint, MPC members want to be able to speak freely without fear of being held to something they'd said in jest eight years later.

Of course it means that members can continue to espouse their own opinions in public without the public knowing that they might have contradicted what they expressed behind closed doors.

The other changes -- reducing the number of MPC meetings and combining the MPC with the Financial Policy Committee during the year -- are little more than window dressing, and something Carney is understood to have wanted because the Bank of Canada, where he reigned prior to his appointment at the Bank of England, had just eight meetings a year.

Kevin Warsh, a former Fed governor, spent six months working on these recommendations. He wasn't paid for his work but was paid out-of-pocket expenses. On Thursday the Bank could not say how much those or the costs of implementing the changes would be. So much for transparency.

In reality, the discussions surrounding how interest rates are set will continue to be chosen by a closed shop.

The Warsh review -- in part the product of continued demands for more information from Andrew Tyrie's Treasury Select Committee -- had the potential to sweep away the cobwebs from the MPC and shine some light on a key financial process. But, unfortunately, in the bank's 320th year, it appears to have been little more than a missed opportunity.

* * *

Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Koos Jansen: Shanghai Gold Exchange chief's data disputes WGC's China demand estimates

Sat, 12/13/2014 - 00:52

11:50p ET Friday, December 12, 2014

Dear Friend of GATA and Gold:

Data from the chairman of the Shanghai Gold Exchange shows that the World Gold Council's estimates of China's gold demand are very understated, Bullion Star market analyst and GATA consultant Koos Jansen reports today:

https://www.bullionstar.com/blog/koos-jansen/wgc-notes-2014-chinese-gold...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

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* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Alasdair Macleod: Spare dollars

Sat, 12/13/2014 - 00:46

11:45p ET Friday, December 12, 2014

Dear Friend of GATA and Gold:

While the U.S. dollar lately has been rising, GoldMoney research director Alasdair Macleod notes the steady move away from it in Asia and the possibility that many dollars held by China could return to the United States rapidly as China disposes of them for assets around the world. Macleod's commentary is headlined "Spare Dollars" and is posted at GoldMoney here:

http://www.goldmoney.com/research/analysis/spare-dollars?gmrefcode=gata

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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http://fmturl.com/gata/


Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Audit urges Austria's central bank to diversify gold vaulting from Bank of England

Sat, 12/13/2014 - 00:36

11:36p ET Friday, December 12, 2014

Dear Friend of GATA and Gold:

Zero Hedge cites a report in the Vienna newspaper Der Standard that auditors have recommended that the Austrian Central Bank diversify the vaulting of its gold reserves out of the Bank of England:

http://www.zerohedge.com/news/2014-12-12/breaking-austria-considers-repa...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Metal and paper gold markets in London are fracturing, Maguire tells KWN

Sat, 12/13/2014 - 00:22

11:21p ET Friday, December 12, 2014

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire tells King World News today that the gold metal and paper markets in London are fracturing on the eve of a big "reset":

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/12/12_M...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Replying to Suchecki, Jansen still doesn't think Chinese gold leasing can manipulate market

Fri, 12/12/2014 - 07:48

12:47p CET Friday, December 12, 2014

Dear Friend of GATA and Gold:

Replying to this week's criticism by Bron Suchecki of the Perth Mint --

http://www.gata.org/node/14844

-- Bullion Star market analyst and GATA consultant Koos Jansen today explains why, upon additional research, he still doesn't think that gold leasing in China is capable of the market-manipulating effects of gold leasing in the West. Jansen's commentary is headlined "Gold Chat with Bron Suchecki on the Chinese Gold Lease Market" and it's posted at Bullion Star here:

https://www.bullionstar.com/blog/koos-jansen/gold-chat-bron-suchecki-chi...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Peter Boehringer explains the German gold repatriation campaign

Fri, 12/12/2014 - 07:34

12:33p CET Friday, December 12, 2014

Dear Friend of GATA and Gold:

In an interview with Rick Wiles of Tru News, Peter Boehringer of the German Precious Metals Society, a leader of the campaign to induce the Bundesbank to repatriate Germany's gold reserves, describes the campaign and the central bank's longstanding reluctance to provide information about the metal. The interview begins at the 16-minute mark here:

http://www.trunews.com/thursday-december-11-2014-peter-boehringer/

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Bron Suchecki: Why WGC's India gold policy won't cut imports much

Fri, 12/12/2014 - 06:52

11:45a CET Friday, December 12, 2014

Dear Friend of GATA and Gold:

The World Gold Council's proposal to the Indian government this week probably won't do much to address the government's main concern about gold, rupees leaving the country to purchase the monetary metal and thereby adding to the government's current account deficit.

That's the analysis today from Perth Mint official Bron Suchecki. Suchecki wonders if the gold council is trying to pull a fast one on the Indian government. But that would require believing that the council really wants to increase demand for metal rather than paper.

Suchecki's commentary is headlined "Why WGC's India Gold Policy Won't Make Much Impact on Import 'Problem'" and it's posted at his blog, Gold Chat, here:

http://goldchat.blogspot.de/2014/12/why-wgcs-india-gold-policy-wont-make...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Rickards tells USA Watchdog's Hunter about manipulation of gold and everything else

Fri, 12/12/2014 - 06:11

11:13a CET Friday, December 12, 2014

Dear Friend of GATA and Gold:

In what may be his best interview yet -- conducted by USA Watchdog's Greg Hunter -- fund manager and author James G. Rickards discusses manipulation of the gold market, which he describes as so obvious that the manipulators should be embarrassed, and secret interventions all over the place by the Federal Reserve and European Central Bank. Rickards says there will be gold "demand shocks" from China and India and that these may break the Western gold price suppression scheme. GATA gets a mention.

Rickards argues that the Fed has only two choices, depression or hyperinflation, a choice that is the consequence of its market manipulation. The U.S. government, Rickards said, should have let the country's failing banks fail, insuring the ordinary depositors and reorganizing the banks with clean balance sheets. The government didn't serve the public interest this way, Rickards adds, because of cronyism -- the links between the banking industry and government officials, something, he says, he saw in action when he was lawyer for Long-Term Capital Management during its bailout.

Hunter's interview with Rickards is 34 minutes long and can be viewed at YouTube here:

https://www.youtube.com/watch?v=hZnyK2LdJAk&feature=youtu.be

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

Hugo Salinas Price: Interest rate suppression pushes wages down and unemployment up

Thu, 12/11/2014 - 17:54

10:53p CET Thursday, December 11, 2014

Dear Friend of GATA and Gold:

Drawing on the work of economist Antal Fekete, Hugo Salinas Price argues today that interest-rate suppression damages labor by making capital less expensive relative to labor. As a result of interest-rate suppression, Salinas Price writes, "management will seek to reduce relatively more expensive labor by taking on debt to acquire capital goods to replace overall labor costs. In other words, the 'terms of trade' for manual laborers and employees are now set up against them."

Salinas Price, president of the Mexican Civic Association for Silver, headlines his commentary "Artificially Lowered Interest Rates Cause Stagnating Wages and Unemployment" and it's posted at the association's Internet site, Plata.com, here:

http://www.plata.com.mx/Mplata/articulos/articlesFilt.asp?fiidarticulo=2...

You may need to load the site a second time to access the commentary.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

TF Metals Report: Comex institutes trading collars for precious metals

Thu, 12/11/2014 - 17:16

10:15p CET Thursday, December 11, 2014

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson writes today that the CME Group, operator of the major futures exchanges in the United States, has announced that starting December 22 it will impose trading price "collars" -- fluctuation limits -- for gold and silver futures contracts, triggering five-minute trading halts if the gold price should move $100 and the silver price move $3 from the previous close. Ferguson notes that the big investment banks are under heavy criticism for rigging commodity prices and wonders whether the exchange system's action signifies their exit from commodity trading. His commentary is headlined "Comex Institutes Trading Collars for Precious Metals" and it's posted at the TF Metals Report here:

http://www.tfmetalsreport.com/blog/6443/comex-institutes-trading-collars...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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http://fmturl.com/gata/


Join GATA here:

Vancouver Resource Investment Conference
Vancouver Convention Centre West
1055 Canada Place, Vancouver, British Columbia, Cananda
Sunday-Monday, January 18-19,2015

http://cambridgehouse.com/event/33/vancouver-resource-investment-confere...

* * *

Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:

https://jeffersoncompanies.com/landing/2014-av-powell

Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

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