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Updated: 10 min 9 sec ago

What are your questions for former Fed Chairman Alan Greenspan in New Orleans?

Fri, 09/19/2014 - 19:10

6:08p ET Friday, September 19, 2014

Dear Friend of GATA and Gold:

GATA again will have a big part in the New Orleans Investment Conference this year, what with GATA Chairman Bill Murphy and your secretary/treasurer making presentations, your secretary/treasurer debating Casey Research founder Doug Casey about whether the gold market is manipulated, and former Federal Reserve Chairman Alan Greenspan not only speaking but taking questions from the audience.

Conference sponsor Brien Lundin of Gold Newsletter and the Jefferson Companies in Louisiana is asking for help in devising questions for Greenspan, and GATA has appended his appeal.

... Dispatch continues below ...


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Of course we hope that GATA supporters will not only propose questions for Greenspan but will join us at the conference, which is probably both the most informative financial conference and the most enjoyable one in the world because of the great city where it is held.

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

* * *

What Are Your Questions for Alan Greenspan in New Orleans?

By Brien Lundin

Excitement is building for our 40th anniversary New Orleans Investment Conference, featuring unprecedented insight into the workings of the Federal Reserve by Alan Greenspan.

Why do I say unprecedented?

Well, first, because I'm going to make it so. Never before has Greenspan agreed to be quizzed by an audience of individual investors. And I'm going to make sure that we pull no punches in exploring how a well-known and eloquent advocate for gold and against planned economies ended up pulling the levers controlling the world's largest economy.

And if I have anything to say about it, we're going to find out -- once and for all -- if central banks are manipulating the gold market, and how.

Moreover, we're going to get Greenspan's honest, unhedged prediction of how (and if) the Fed can exit its "quantitative easing" experiment; what the repercussions will be; and where the economy is heading as a result.

Second, at this point in his life, Greenspan doesn't have any reason to be less than frank and forthright -- especially in this venue.

As you may know, long before he ascended to the chairmanship of the Fed, Greenspan was a speaker at our event -- invited because of his reputation as one of the foremost gold bugs. And in congressional testimony during his tenure as Fed chairman, he always defended gold as the "currency of last resort."

In fact, in a private conversation with Jim Blanchard while he was in office, Greenspan confessed his belief that his writings on gold were "the best things I ever wrote."

So I'm confident that Greenspan's face-to-face question-and-answer period with our audience will make headlines if not history.

And you can bet that his panel with Marc Faber and Porter Stansberry will be a fireworks show that people will be talking about for years.

Few investors will be able to say they were there. Will you be there?

If so, then you'll also witness one of the most exciting and entertaining debates you've ever seen, as Doug Casey (libertarian) takes on Charles Krauthammer (conservative). No rhetorical punches will be pulled.

You'll also enjoy dynamic individual presentations by Krauthammer, Stansberry, Casey, and Faber, as well as Peter Schiff, Rick Rule, Robert Prechter, Frank Holmes, Mark Skousen, Mary Anne and Pam Aden, Adrian Day, Brent Cook, Matthew Badiali, Nick Hodge, Ian McAvity, Eric Coffin, Chris Powell, Bill Murphy, Thom Calandra, Scott Gibson, and more.

Throw in our spectacular opening and closing receptions (including a very special retrospective panel) and other celebrations throughout the event, and this is an event that you cannot afford to miss.

In fact, with our ironclad “Quadruple Your Money Guarantee” you can't lose: We will refund your entire registration fee if you find the conference doesn't provide profits more than quadruple your registration fee over the first six months following the event.

No risk but huge potential rewards -- just the kind of investment you need in today's uncertain times.

Plus, you'll save up to $400 by registering now -- and guarantee your place in our convenient host hotel. (Our room block will close soon.)

So click here --

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

-- to lock in your spot at our blockbuster 40th anniversary event.

In any case, I ask your help. We're starting to compile the questions we're going to ask Greenspan. So please tell me what you want us to ask him. Just e-mail your suggestions to me at:

brien_lundin@jeffersoncompanies.com

* * *

Join GATA here:

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our 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

Julian Phillips: Of course gold is manipulated -- the London Gold Pool, 1961-68

Fri, 09/19/2014 - 17:50

4:49p ET Friday, September 19, 2014

Dear Friend of GATA and Gold:

In his latest commentary about gold market manipulation, Julian Phillips of the Gold Forecaster letter reviews the establishment of the London Gold Pool, the gold market-rigging mechanism of the Western central banks in the 1960s. The U.S. dollar survived the gold pool's collapse, Phillips writes, because the dollar was still required to purchase oil from the Middle East. His commentary is headlined "Of Oourse the Gold Price Is Manipulated; That's the Point! -- The London Gold Pool, 1961 to 1968," and it's posted at the Gold Forecaster's Internet site here:

http://goldforecaster.com/course-gold-price-manipulated-thats-point-lond...

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

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Jim Sinclair Plans Market Seminar in Nashville on September 20

Mining entrepreneur and gold advocate Jim Sinclair will hold his next market seminar on Saturday, September 20, in Nashville, Tennesse. For details about attending, please visit:

http://www.jsmineset.com/qa-session-tickets/


Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our 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

Von Greyerz thinks Swiss gold referendum proposal has a good chance

Fri, 09/19/2014 - 11:07

10a ET Friday, September 19, 2014

Dear Friend of GATA and Gold:

Swiss gold fund manager Egon von Greyerz tells King World News today that Switzerland's gold referendum proposal on the ballot in November has a good chance of approval, which might transform the gold market:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/18_He...

KWN also interviews United Kingdom Independence Party leader Nigel Farage about the West's counterproductive provocation of Russia over Ukraine:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/19_Ni...

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

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http://fmturl.com/gata/


Join GATA here:

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our 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

China opens gold market to foreigners amid price ambition

Thu, 09/18/2014 - 09:19

From Bloomberg News
Thursday, September 18, 2014

China will give foreign investors direct access to its gold market for the first time today as the biggest-consuming nation seeks to exert more influence over prices while boosting the yuan's global use.

The Shanghai Gold Exchange will start trading contracts in the city's free-trade zone that will be linked to its domestic spot market and available to about 40 international members including Goldman Sachs Group and UBS. Access was previously limited to some Chinese subsidiaries. Gold in China this year cost as much as $31 an ounce more and $42 less than the London spot price, according to data compiled by Bloomberg. ...

... For the remainder of the report:

http://www.bloomberg.com/news/2014-09-18/china-opens-gold-market-to-fore...

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http://www.goldmoney.com/?gmrefcode=gata


Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our 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

Gold and silver end game is here, Embry tells USA Watchdog

Thu, 09/18/2014 - 09:16

8:14a ET Thursday, September 18, 2014

Dear Friend of GATA and Gold:

USA Watchdog's Greg Hunter this week interviewed Sprott Asset Management's John Embry about manpulation of the monetary metals markets. "I have never seen it any more intense in terms of pressure in the paper market, which indicates we are near the end and there is something seriously wrong with the system," Embry says. The interview is headlined "Gold and Silver End Game Here: John Embry" and can be read and watched at USAWatchdog here:

http://usawatchdog.com/gold-and-silver-end-game-here-john-embry/

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

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Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our 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

Super-rich rush to buy 'Italian Job'-style gold bars

Thu, 09/18/2014 - 09:10

By John Ficenec
The Telegraph, London
Thursday, September 18, 2014

The super-rich are looking to protect their wealth through buying record numbers of "Italian job" style gold bars, according to bullion experts.

The number of 12.5-kilogram gold bars being bought by wealthy customers has increased 243 percent so far this year when compared to the same period last year, said Rob Halliday-Stein founder of BullionByPost.

"These gold bars are usually stored in the vaults of central banks and are the same ones you see in the film 'The Italian Job,'" added David Cousins, bullion executive from London based ATS Bullion. ...

... For the remainder of the report:

http://www.telegraph.co.uk/finance/commodities/11104055/Super-rich-rush-...

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Europe Silver Bullion is a fast-growing dealer sourcing its products from renowned mints, refiners, and distributors. Because of a legal loophole that will close soon, you can acquire the world's most popular bullion coins free of value-added tax throughout the European Union. You can collect your order in person at our headquarters in Tallinn, Estonia, or have it delivered in any of the 28 EU countries.

Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world.

Visit us at www.europesilverbullion.com.

Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our 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

U.S. House passes Fed audit bill but measure is seen doomed in Senate

Wed, 09/17/2014 - 23:45

By David Lawder
Reuters
Wednesday, September 17, 2014

WASHINGTON -- The U.S. House of Representatives today overwhelmingly passed a bill that would open up Federal Reserve monetary policy decisions to a congressional audit, reviving a measure passed in 2012.

But the legislation approved by the Republican-dominated House is expected to meet a fate similar to its predecessor's: death in the Democratic-controlled Senate.

The "Federal Reserve Transparency Act" passed 333-92 in a bipartisan vote. It is largely similar to the 2012 "Audit the Fed" bill championed by former libertarian Representative Ron Paul. ...

... For the remainder of the report:

http://www.reuters.com/article/2014/09/17/us-usa-fed-congress-idUSKBN0HC...

ADVERTISEMENT

Jim Sinclair Plans Market Seminar in Nashville on September 20

Mining entrepreneur and gold advocate Jim Sinclair will hold his next market seminar on Saturday, September 20, in Nashville, Tennesse. For details about attending, please visit:

http://www.jsmineset.com/qa-session-tickets/


Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our 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

The bad guys WILL be beaten -- probably by themselves

Wed, 09/17/2014 - 22:53

10:07p ET Wednesday, September 17, 2014

Dear Friend of GATA and Gold:

Our longtime supporter R.B. writes tonight in disgust if not quite despair over the increasing rigging of the gold market:

"A question I've asked myself a more than once is: Why a guy such as I continues to think he can beat these people and invests accordingly, time after time, the routine being, in each cycle, turning out to have been that he got stubborn when he should have bent, and bent when he should have been stubborn. It seems the problem has been that I thought conventional logic would work sooner or later. Maybe we can beat these people sooner or later, but today's sort of activity makes that even harder to believe."

... Dispatch continues below ...


ADVERTISEMENT

Silver mining stock report comes with 1-ounce silver round

Future Money Trends is offering a special 18-page silver mining stock report about how to profit with the monetary and industrial metal in 2014, and it comes with a free 1-ounce silver round. Proceeds from the report's sales are shared with the Gold Anti-Trust Action Committee to support its efforts to expose manipulation in the monetary metals markets. To learn about this report, please visit:

http://fmturl.com/gata/


Your secretary/treasurer is no investment adviser; he merely has a layman's hope that truth and justice will prevail, even if that hope is impugned a bit by the hope he also has for the lottery ticket he bought on the way home tonight. But there is something to this hope.

The bad guys will be beaten, despite our not knowing at the moment exactly how or by whom, if only because the great lesson of history is that the bad guys always go too far and beat themselves. As for gold price suppression and surreptitious market rigging particularly, your secretary/treasurer suspects that circumstances are most likely to change overnight, as they did on March 14, 1968, when the London Gold Pool collapsed, having run out of gold for delivery:

http://en.wikipedia.org/wiki/London_Gold_Pool

Will any of us live to see the day? Of course many of our most expert and righteous colleagues died without seeing what they deserved to see. They deserved it more than we do. But the youngest among us might live to see it.

You just have to remember that with surreptitious intervention in the markets by central banks, institutions that lately have been authorized to create infinite money and operate largely in secret, which is essentially a license on infinite power, we are up against a totalitarianism far greater than the all the totalitarianism throughout history combined: the Nazis, the Commies, the fascists, the religious crazies, the kings and queens, and the lesser despots.

As a result this has taken a little time, and it may require a little more. But, as Gandhi said, "When I despair I remember that all through history the ways of truth and love have always won. There have been tyrants and murderers and for a time they can seem invincible, but in the end they always fall. Think of it -- always."

Now Gandhi and $1,200 or so will get you an ounce of gold tonight, which isn't terribly satisfying, but something is always being done at GATA's end. In addition to commiserating with R.B. tonight, your secretary/treasurer slogged through another disappointing and essentially irrelevant piece of journalism about gold, this time by David Milstead in the Toronto Globe & Mail --

http://www.theglobeandmail.com/globe-investor/investment-ideas/gold-bull...

-- and then wrote to the author:

* * *

Dear Mr. Milstead:

Reading your report tonight in the Globe and Mail from the Denver gold conference, I was disappointed that apparently no one at the conference mentioned the most important determinant of gold prices: surreptitious intervention in the gold market by Western central banks, intervention that now seems to encompass all major futures markets.

While my organization, the Gold Anti-Trust Action Committee Inc., has documented this intervention for many years, we have not had much success in persuading financial news organizations to look at the documentation and to question central banks about it.

A summary of the documentation, with links to the most important documents, is posted at GATA's Internet site here:

http://www.gata.org/node/13644

An updating from a few months ago is here:

http://www.gata.org/node/13829

The documents disclosed recently confirming that central banks are surreptitiously trading all the major futures markets, documents on file with the U.S. Commodity Futures Trading Commission, are here:

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

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

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

None of this stuff is what it is often disparaged as being, mere "conspiracy theory." Rather it is all public record and includes admissions from many central bankers themselves.

The destruction of markets will continue until financial news organizations report about it and challenge it, so I'll be very grateful if you would look at the documentation.

Of course I'd be glad to provide more information.

With good wishes.

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

* * *

Most major financial news organizations have gotten similar cordial pleas from GATA in the last year or so, and while these pleas are seldom acknowledged, nevertheless few people involved with the gold market have not heard complaints that it is manipulated by central banks. We know that the Russia government has known of such manipulation via GATA since 2004 --

http://www.gata.org/node/4235

-- and we know that the Chinese government has known since at least 2009:

http://www.gata.org/node/10380

http://www.gata.org/node/10416

http://www.gata.org/node/12917

We know that a worldwide currency war is under way even if the mainstream financial news organizations won't report it. The obvious peace is gold. Alas, we don't know when. But we do know that doing nothing makes nothing happen. So we press on in the morning, and you can help if you're so inclined, though of course we can't promise results, only effort:

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

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

* * *

Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our 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

Mike Kosares: Scottish secession, not the Fed, just knocked gold down

Wed, 09/17/2014 - 20:32

7:30p ET Wednesday, September 17, 2014

Dear Friend of GATA and Gold:

Gold has been knocked down tonight not by anything said or done by the Federal Reserve today but by rising fear of Scotland's secession from the United Kingdom and the separatism it is likely to encourage throughout Europe, Mike Kosares of Centennial Precious Metals in Denver writes. This fear and the usual algorithmic trading programs, Kosares contends, have goosed the dollar. His commentary is headlined "It's Not the Fed Taking Gold Down but the Vote in Scotland" and it's posted at Centennial's Internet site, USAGold.com, here:

http://www.usagold.com/cpmforum/2014/09/17/its-not-the-fed-talking-gold-...

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

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GATA secretary to be interviewed Thursday on 'The Larry Parks Show'

Wed, 09/17/2014 - 18:56

5:55p ET Wednesday, September 17, 2014

Dear Friend of GATA and Gold:

Your secretary/treasurer will be interviewed about gold market manipulation by Larry Parks, founder of the Foundation for the Advancement of Monetary Education (www.fame.org), on "The Larry Parks Show," which is to be broadcast from 7 to 7:30 p.m. Thursday on cable television networks in New York City (Time Warner Channel 56, RCN Channel 83, and Verizon Channel 34) and on the Manhattan Neighborhood Network's Internet site:

http://www.mnn.org/live/1-community-channel

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

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Rule tells KWN about Denver conference, sees rising investment in monetary metals

Wed, 09/17/2014 - 17:09

4:06p ET Wednesday, September 17, 2014

Dear Friend of GATA and Gold:

Sprott Asset Management's Rick Rule tells King World News today about the gold mining conference just held in Denver, which included discussion of "peak gold" production. Rule adds that investment fund flows into monetary metals have been "very strong" lately. An excerpt from Rule's interview is posted at the KWN blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/17_Ru...

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

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Silver's lockdown may be facing a challenge, Embry tells KWN

Tue, 09/16/2014 - 18:01

5p ET Tuesday, September 16, 2014

Dear Friend of GATA and Gold:

The silver futures market seems to be in "total lockdown," Sprott Asset Management's John Embry tells King World News today, even as there also seems to be a deep-pocketed long ready to challenge price suppression. Embry's comments on silver and on the world economic situation generally are excerpted at the KWN blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/16_Wa...

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

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Jim Sinclair Plans Market Seminar in Nashville on September 20

Mining entrepreneur and gold advocate Jim Sinclair will hold his next market seminar on Saturday, September 20, in Nashville, Tennesse. For details about attending, please visit:

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China advances gold exchange launch; Singapore delays contract

Tue, 09/16/2014 - 14:09

By A. Ananthalakshmi
Reuters
Tuesday, September 16, 2014

SINGAPORE -- China will launch its international gold exchange 11 days ahead of schedule, sources said today, racing ahead in the scramble to set up an Asian bullion benchmark as rival Singapore is forced to delay its gold contract due to technical issues.

Asia, home to the world's top two gold buyers -- China and India -- has been clamouring to gain pricing power over the metal and challenge the dominance of London and New York in trading.

The state-run Shanghai Gold Exchange will launch the global gold bourse in the Shanghai free-trade zone on Thursday, two sources familiar with the matter told Reuters. The SGE had initially planned the launch for Sept. 29. ...

... For the remainder of the report:

http://www.reuters.com/article/2014/09/16/china-gold-contract-idUSL3N0RH...

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Gartman Letter cites Koos Jansen and Gold Newsletter on Chinese gold demand

Tue, 09/16/2014 - 11:52

By Dennis Gartman
The Gartman Letter
Tuesday, September 16, 2014

https://www.thegartmanletter.com/

Regarding Chinese gold demand, which we wrote about yesterday, it is open to debate and our old friend, Brien Lundin of the Jefferson Companies in New Orleans, wrote to share his insights. We've chosen to share them further with our readers, with his approval. Brien wrote:

* * *

Hi, Dennis:

In your letter this morning, you noted that Chinese gold demand was recently reported to be down about 50 percent year over year. This is erroneous information from the World Gold Council, as I've been noting in Gold Newsletter --

https://jeffersoncompanies.com/

Here's an explanation that I put in our September issue.

... Dispatch continues below ...


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"There's a lot of misinformation on this topic. The mainstream financial media keeps parroting numbers from the World Gold Council and other sources, which typically rely on import statistics from Hong Kong. However, China has recently opened up new ports of entry for gold, a move that has correspondingly reduced the import numbers from Hong Kong.

"Much more relevant are gold delivery statistics from the Shanghai Gold Exchange, which directly indicate wholesale gold demand in China. Koos Jansen of --

http://www.ingoldwetrust.ch/

-- and --

https://www.bullionstar.com/

-- is today's leading reporter of Chinese gold demand dynamics, and he relies on the Shanghai Gold Exchange numbers for his analyses. Using the SGE reports, Jansen notes that Chinese gold demand year to date is down about 17 percent from last year's torrid pace.

"In comparison, the financial media is reporting that Chinese demand is down about 50 percent over last year.

"So you can see that China -- while certainly not buying as much gold as last year -- is still buying the metal at a level that, if not for last year, would have set records.

"Moreover, Jansen is reporting that SGE deliveries over the past couple of weeks have risen significantly, an indication that China is now returning to the market as bulls have hoped. If the current levels keep up, the difference between last year's buying levels and this year's will narrow considerably.

"Add it all up and we see that just as the cure for low prices is low prices, the current decline in gold could in itself spawn a powerful short-covering rally in the near future. It's also running straight into a growing headwind of Chinese buying."

I thought you'd like to be aware of this issue, Dennis, as the facts on the ground in China run counter to the prevailing wisdom regarding gold demand in the markets. There's much more behind it, including why the SGE is more accurate than the World Gold Council numbers and why the WGC is relying on Hong Kong statistics and reports from the China Gold Association.

The bottom line is that Chinese gold demand is still price-sensitive and a bit lower than last year, but it is has also maintained a basic run-rate that is far higher than anything experienced before 2013 and still rivals the record levels of last year. Longer term, it seems that the growing gold demand in China is an instrument of official policy to some extent, the purpose of which will be revealed over the coming months and years.

All the best, and keep up the great work.

-- Brien

* * *

This is not even "Gold bug-y"-type work. This is hard data mining and we find it interesting, wondering why the World Gold Council of all groups might have gotten this wrong.

* * *

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Gold's move from West to East is said intended to rebalance FX reserves

Tue, 09/16/2014 - 09:26

China May Boost Gold Reserves amid Imbalances in Holdings

By Feiwen Rong and Glenys Smi
Bloomberg News
Monday, September 15, 2014

http://www.bloomberg.com/news/2014-09-15/biggest-banks-said-to-overhaul-...

China may join other emerging countries in boosting gold reserves as the precious metal makes up a smaller share of its foreign-exchange holdings compared with developed economies, said a London-based researcher.

The country hasn't announced any changes to state gold reserves since authorities in 2009 said holdings totaled 1,054.1 metric tons. While China holds the world's biggest foreign-exchange reserves, bullion accounts for 1.1 percent of the total, compared with about 70 percent for the U.S. and Germany, the biggest gold holders, World Gold Council data show.

... Dispatch continues below ...


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"It is clear that Western central banks over time will be reducing their reserves and China and other Asian countries will be increasing," David Marsh, managing director at the Official Monetary and Financial Institutions Forum, said in a Sept. 11 interview in Beijing. "Gold will become more traded among central banks in the next 30 years because there are colossal imbalances in world gold holdings as a percentage of overall asset reserves."

Central banks, net buyers of gold for 14 straight quarters, last year helped limit bullion's losses that were the most since 1981 and may increase purchases to as much as 500 tons this year after adding 409 tons last year, the London-based council said Aug. 14. The precious metal rose 3 percent this year as geopolitical tensions boosted demand for a haven.

Bullion for immediate delivery climbed 0.3 percent to $1,237.04 by 10:44 a.m. in Beijing, according to Bloomberg generic pricing. The metal fell 28 percent last year, the biggest annual decline in more than three decades, and is down 36 percent from a record $1,921.17 reached on Sept. 6, 2011.

Russia is among nations that added gold to reserves this year, boosting holdings to the highest in at least two decades and surpassing China's hoard to become the fifth-largest by country, data from the council show.

"I don't know if China has been boosting their official gold reserves," said Marsh, who co-founded the group that tracks economic and monetary policies. "But I'd rather think over the past six or seven years the Chinese authorities probably have been adding to their holdings in different ways."

Foreign-exchange reserves of China, the second-biggest economy, have nearly doubled to $3.99 trillion since April 2009 when the nation last announced changes to bullion holdings, according to State Administration of Foreign Exchange data. Last year the country, also the biggest bullion producer, overtook India as the top gold user after price declines spurred buying.

The U.S. holds 8,133.5 tons of gold in reserves, while Germany keeps 3,384.2 tons and Italy has 2,451.8 tons, World Gold Council data show. Russia keeps 1,105.3 tons, or 9.8 percent of its total holdings, according to the data.

* * *

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Indian trade deficit widens as gold imports surge 176%

Mon, 09/15/2014 - 23:06

By Unni Krishnan
Bloomberg News
Monday, September 15, 2014

NEW DELHI, India -- India's trade deficit widened in August from a year earlier as imports of gold surged 176 percent after policy makers eased shipment curbs.

The shortfall was $10.8 billion last month, wider than $10.7 billion a year earlier, with exports rising 2.4 percent and imports growing 2.1 percent. Gold shipments surged to $2 billion from $739 million in August last year after the government allowed more banks and traders to buy bullion overseas.

India is easing emergency measures taken when the current-account deficit widened to an all-time high, as faster growth boosts inflows. While the shortfall will widen this year through March 2015 after shrinking in the previous 12 months, it will stay sustainable, according to a Reserve Bank of India report last month.

"We can manage with monthly gold imports of about $2 billion and the jump in the August number is largely due to last year's low base after a sudden clampdown," Shubhada Rao, an economist at Yes Bank Ltd. in Mumbai, said yesterday. "The jump may look alarming, but there is no reason for panic." ...

... For the remainder of the report:

http://www.bloomberg.com/news/2014-09-15/india-s-august-trade-deficit-wi...

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Europe Silver Bullion is owned and operated by North American and European experts in selling, storing, and transporting precious metals. We have an extensive product inventory of silver, gold, platinum, and palladium, and our network spans the world.

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* * *

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Fed could trigger reversals in stocks and gold this week, Turk says

Mon, 09/15/2014 - 21:06

8:05p ET Monday, September 15, 2014

Dear Friend of GATA and Gold:

Stocks are overvalued and hard assets undervalued, GoldMoney founder and GATA consultant James Turk tells King World News today, adding that he would expect reversals if the Federal Reserve this week persists in reducing its bond monetization. An excerpt from the interview is posted at the KWN blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/15_Tu...

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

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Jim Sinclair Plans Market Seminar in Nashville on September 20

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* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

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To contribute to GATA, please visit:

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Chinese news agency says UK sees RMB as potentially 'main reserve currency'

Mon, 09/15/2014 - 15:24

2:27p ET Monday, September 15, 2014

Dear Friend of GATA and Gold:

While it is not included in the mainstream financial news agency reports about the United Kingdom Treasury Department's plan to issue bonds denominated in Chinese currency --

http://www.reuters.com/article/2014/09/12/britain-debt-renminbi-idUSL5N0...

http://www.bloomberg.com/news/2014-09-12/u-k-to-sell-first-yuan-denomina...

-- nor in the official U.K. Treasury statement --

https://www.gov.uk/government/news/great-bonds-with-china-uk-china-dialo...

-- the Chinese official news agency Xinhua quotes the British treasury secretary, George Osborne, as saying that the U.K. government has confidence in the Chinese yuan's "potential" to become "the main global reserves currency."

Did Osbourne really say it? Did he say it just for Chinese consumption and are the Western news organizations omitting it to oblige? It's a good bet that no one in those news organizations will be asking.

The Xinhua report is appended.

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

* * *

Britain to Include China's RMB as Foreign Currency Reserve

From Xinhua News Agency, Beijing
Friday, September 12, 2014

http://news.xinhuanet.com/english/business/2014-09/13/c_126981640.htm

LONDON -- British Chancellor of the Exchequer George Osborne announced Friday that the British government intends to issue a Renminbi denominated bond and to use the proceeds to finance the government's reserves of foreign currency.

"I can now announce that the UK government intends to be the first national government outside of China to issue a bond in China's currency. We issued bonds in U.S. dollars before, now we will be issuing a bond in RMB," Osborne said in the press release of the Sixth China-UK Economic and Financial Dialogue.

Chinese Vice Premier Ma Kai and Osborne concluded the meeting of the Sixth China-UK Economic and Financial Dialogue in London.

Osborne described this dialogue outcome as "a historic moment" and a statement of British confidence in the potential of the RMB to become "the main global reserves currency."

"And let me be clear: As China becomes a bigger and bigger part of the world economy, their currency is going to be used around the world. We here in Britain understand that, and we want us to be the first country in the west to seize the opportunities that it will bring," Osborne declared.

Meanwhile, the issuance of Chinese currency bond means jobs and investment in Britain, which the government's long-term economic plan is all about, Osborne noted.

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* * *

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Anxious Scottish investors have been buying gold

Mon, 09/15/2014 - 14:57

By Richard Dyson
The Telegraph, London
Monday, September 15, 2014

Scottish investment in physical gold has surged by 42 percent in the past fortnight -- on top of the traditional rise in gold demand at this time of the year.

The figure, which comes from Bullionvault.com, the world's biggest online platform for private investors who want to trade physical gold and silver, suggests that anxious Scotland-based investors are turning to gold as a means of insuring against the uncertainties posed by a yes vote in Thursday's referendum. ...

... For the remainder of the report:

http://www.telegraph.co.uk/finance/personalfinance/investing/gold/110970...

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Join GATA here:

Casey Research 2014 Summit
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Canadian Investor Conference
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* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

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Or by purchasing a colorful GATA T-shirt:

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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:

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AngloGold Ashanti of South Africa abandons spinoff plans

Mon, 09/15/2014 - 14:45

By Chad Bray
The New York Times
Monday, September 15, 2014

LONDON -- AngloGold Ashanti, one of the world's largest gold mining firms, said on Monday that it would abandon plans to spin off its international mining operations and raise $2.1 billion in new capital.

The company, based in Johannesburg, said last week that it was planning to spin off its operations outside of South Africa into a new entity to be listed in London. AngloGold Ashanti had also sought to raise new capital in order to reduce its debt ahead of the restructuring.

Today the company said that a number of shareholders, although supportive of the strategic logic of the transaction, expressed concerns about several aspects of the deal, including the level of fund-raising needed for the restructuring to go forward. ...

... For the remainder of the story:

http://dealbook.nytimes.com/2014/09/15/anglogold-ashanti-of-south-africa...

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Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
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Canadian Investor Conference
Sheraton Centre Toronto Hotel
Toronto, Ontario, Canada
Thursday-Friday, September 25-26, 2014

http://cambridgehouse.com/event/31/canadian-investor-conference-toronto-...

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
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Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

Mines and Money London
Business Design Centre
London, England, U.K.
Monday-Friday, December 1-5, 2014

http://www.minesandmoney.com/london/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our 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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