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Updated: 5 hours 27 min ago

World Gold Council celebrates the obvious about gold demand

8 hours 6 min ago

The world discerns easily enough where gold demand comes from. Why doesn't the World Gold Council ever attempt a report on gold supply trends? After all, that would require putting only a few more questions to certain governments and central banks.

* * *

Central Banks and Chinese Buyers Helping to Spur Gold Demand, World Gold Council Says

By Susan Fenton
Reuters
Thursday, February 11, 2015

LONDON -- Buying by central banks as well as Chinese investors seeking protection from a weakening currency helped lift demand for gold in the final quarter of last year and the trend looks set to continue, the World Gold Council said today.

China remained the world's biggest consumer of gold last year, ahead of India, with economic headwinds influencing purchasing, the WGC said in its annual "Gold Demand Trends" report. The WGC's members include the world's leading gold mining companies.

Chinese demand for gold coins surged 25 percent in the fourth quarter from a year earlier as consumers sought to protect their wealth after Beijing devalued the yuan currency. But stock market turmoil and a slowing economy knocked consumer sentiment and Chinese demand for gold for jewellery fell 3 percent from a year earlier, the WGC said. ...

... For the remainder of the report:

http://www.reuters.com/article/gold-wgc-idUSL8N15P1WB

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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, 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/


Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China

http://asia.minesandmoney.com/

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

http://www.mininginvestmentasia.com/

Support GATA 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

Canada sells nearly half its gold reserves, 1.3 tonnes -- 1.7 tonnes remain

Wed, 02/10/2016 - 21:38

By Monique Muise
Global News, Burnaby, British Columbia, Canada
Wednesday, February 10, 2016

The government of Canada sold nearly half its gold reserves in recent weeks, continuing a pattern of moving away from the precious metal as a government asset.

According to the International Monetary Fund's International Financial Statistics, Canada held 3 tonnes of gold reserves as of late 2015.

The latest data, published last week, show the total Canadian gold reserves now stand at 1.7 tonnes. That's just 0.1 per cent of the country’s total reserves, which also include foreign currency deposits and bonds. In comparison, the U.S. holds 8,133 tonnes of gold, while the United Kingdom weighs in at 310 tonnes.

The decision to sell came from Finance Minister Bill Morneau's office. ...

... For the remainder of the report:

http://globalnews.ca/news/2508940/canada-sells-nearly-half-of-all-its-go...

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Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China

http://asia.minesandmoney.com/

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

http://www.mininginvestmentasia.com/

Support GATA 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

Gold strengthens as central bank money injections fail, Embry says

Wed, 02/10/2016 - 11:22

10:22a ET Wednesday, February 10, 2016

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry tells King World News today that money injections by central banks are having less effect on the markets, that the gold price is showing strength, and that gold mining shares have never been as undervalued. An excerpt from the interview is posted at KWN here:

http://kingworldnews.com/is-this-the-most-terrifying-danger-facing-the-w...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China

http://asia.minesandmoney.com/

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

http://www.mininginvestmentasia.com/

Support GATA 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

EU probes suspected rigging of $1.5-trillion debt market

Tue, 02/09/2016 - 20:56

Jim Brunsden
Financial Times, London
Tuesday, February 9, 2016

BRUSSELS, Belgium -- European regulators have opened a preliminary cartel investigation into possible manipulation of the $1.5 trillion government-sponsored bond market, in the latest efforts to root out rigging involving financial traders.

The European Commission’s early-stage inquiry comes amid revelations that the US Department of Justice and the UK's Financial Conduct Authority are also investigating the market.

The investigations are part of a campaign by antitrust regulators to root out collusion in financial markets following revelations that groups of traders worked together to manipulate Libor, a key rate that underpins the price of loans around the world. Further allegations followed that traders colluded to rig foreign exchange markets. ...

... For the remainder of the report:

http://www.ft.com/intl/cms/s/0/04befd8a-cf35-11e5-92a1-c5e23ef99c77.html

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Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China

http://asia.minesandmoney.com/

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

http://www.mininginvestmentasia.com/

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

Robert Appel: The gold price secret Wall Street doesn't want to talk about

Tue, 02/09/2016 - 18:32

5:30p ET Tuesday, February 9, 2016

Dear Friend of GATA and Gold:

In commentary published this week by Profit Confidential, Robert Appel writes that "the entire universe of gold writers and commentators has broken into two distinct camps -- those who accept gold price manipulation and those who won’t touch that topic with a 10-foot pole." Appel adds that last Friday's $20 smash in gold and the monetary metal's quick recovery were evidence that the manipulation camp is right. His analysis is headlined "The Gold Price Secret Wall Street Doesn't Want to Talk About" and it's posted at Profit Confidential's Internet site here:

http://www.profitconfidential.com/gold/the-gold-price-secret-wall-street...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China

http://asia.minesandmoney.com/

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

http://www.mininginvestmentasia.com/

Support GATA 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

German-language interview with 'Big Reset' author Willem Middelkoop

Tue, 02/09/2016 - 12:06

11:05a ET Tuesday, February 9, 2016

Dear Friend of GATA and Gold:

Smart Investor magazine in Germany has done a German-language interview with "The Big Reset" author Willem Middelkoop, who will be joining your secretary/treasurer at the Mines and Money conference in Hong Kong in April. (See below.) The interview was conducted by Rainer Kromarek and it's posted at the Smart Investor Internet site here:

http://www.smartinvestor.de/hintergrund/smart-investor-22016-der-grosse-...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Join GATA here:

Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China

http://asia.minesandmoney.com/

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

http://www.mininginvestmentasia.com/

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

Six London Metal Exchange members resign, including Rio Tinto

Tue, 02/09/2016 - 11:00

From Reuters
Friday, February 5, 2016

LONDON -- Half a dozen of the lowest-ranking members on the London Metal Exchange with no trading rights, including global miner Rio Tinto, have resigned, the LME said on Friday.

A members' notice announcing the resignations of category 5 members gave no reason behind the moves, although one of the companies has upgraded its membership. A spokeswoman declined to comment. ...

... For the remainder of the report:

http://www.reuters.com/article/lme-resignations-idUSL8N15K45Q

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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

Ronan Manly: January smash in London silver fix arose from broken promises

Tue, 02/09/2016 - 09:05

8a ET Tuesday, February 9, 2016

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly shows today that last month's strange smash in the new London silver price fix, which disagreed so sharply with simultaneous spot and futures prices, resulted from the failure of the fix's managers to keep a promise made 18 months earlier to arrange wider participation in the fix and central clearing of trades based on the fix. Manly's analysis is headlined "The LBMA Silver Price -- Broken Promises on Wider Participation and Central Clearing" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/ronan-manly/lbma-silver-price-scandal/

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Join GATA here:

Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China

http://asia.minesandmoney.com/

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

http://www.mininginvestmentasia.com/

Support GATA 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

The probability of negative U.S. rates is on the rise

Mon, 02/08/2016 - 14:57

By Alexandra Scaggs
Bloomberg News
Monday, February 8, 2016

Global central banks have opened the door to negative U.S. interest rates, in Wall Street's view.

After the Bank of Japan cut some rates below zero last month to spur growth and inflation, strategists are weighing the Federal Reserve's options in case of a crisis. If the world's biggest economy weakens enough that traditional policy measures don't help, the Fed may consider pushing rates below zero, according to Bank of America Corp. and JPMorgan Chase & Co.

That step would broaden the Fed's toolkit beyond what was available during the financial crisis, when it slashed its overnight benchmark near zero and bought bonds to stimulate the economy. In 2012, New York Fed researchers said negative rates could prompt individuals to avoid depositing money in banks, potentially weakening the financial system. ...

... For the remainder of the report:

http://www.bloomberg.com/news/articles/2016-02-08/negative-rates-seen-as...

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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, 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/


Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China

http://asia.minesandmoney.com/

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

http://www.mininginvestmentasia.com/

Support GATA 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

GATA Chairman Murphy interviewed by Future Money Trends

Sun, 02/07/2016 - 15:14

2:13p ET Sunday, February 7, 2016

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy, interviewed last week by Dan Ameduri of Future Money Trends, discussed indications that central banks are losing control of the gold market, the possibility of defaults in the Comex gold and silver contracts, and the increasing difficulties governments are having in propping up stock markets. The interview is 18 minutes long and can be heard at You Tube here:

https://www.youtube.com/watch?v=Bpl3LpZZ9t0

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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

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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

To cut debt, Glencore will assign future Chilean gold production to Franco-Nevada

Sun, 02/07/2016 - 13:21

Glencore's Streaming Plan Aims to Slash Debt

By Danny Fortson
The Times, London
Sunday, February 7, 2016

http://www.theaustralian.com.au/business/companies/glencores-streaming-p...

Glencore is set to unveil a deal to bring in at least $500 million as part of its frantic efforts to slash its debt.

The commodities giant is in advanced talks on a "streaming" deal under which it would hand future precious metal production from a mine in Chile to American gold specialist Franco-Nevada in exchange for an upfront payment. The agreement could be unveiled as early as this week.

It is part of a $13 billion fundraising campaign that Glencore launched last year to scotch concerns over its $30 billion net debt.

Glencore shares plunged 70 percent last year, making it the worst-performing stock in London's FTSE 100 after rival Anglo American.

Miners and oil companies have been hit hard by the collapse in global raw material prices after a decade-long commodities boom came to a halt.

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http://www.gata.org/node/173

To invest or learn more, please visit:

https://www.goldbroker.com/

Join GATA here:

Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China

http://asia.minesandmoney.com/

Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore

http://www.mininginvestmentasia.com/

Support GATA 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

GATA secretary will speak at Hong Kong and Singapore conferences in April

Sun, 02/07/2016 - 11:52

10:51a ET Sunday, February 7, 2016

Dear Friend of GATA and Gold:

Your secretary/treasurer will speak in April at the Mines and Money conference in Hong Kong and the Mining Investment Asia conference in Singapore.

Other speakers at the Mines and Money conference well known to GATA's followers include Grant Williams, editor of the "Things that Make You Go Hmmm" newsletter and founder of Real Vision TV; Perth Mint research director Bron Suchecki; and Dutch fund manager Willem Middelkoop, author of "The Big Reset."

The Mines and Money conference will be held from Tuesday to Thursday, April 5 to 7, at the Hong Kong Convention and Exhibition Centre. Details about the conference are here:

http://asia.minesandmoney.com/

Speakers at the Mining Investment Asia conference who are well known to GATA's followers include GoldMoney founder and GATA consultant James Turk and gold forecasting newsletter editor Bo Polny. Suchecki is schedule to speak at the Mining Investment Asia conference too.

The Mining Investment Asia conference will be held from Wednesday to Friday, April 13 to 15, at the Marina Bay Sands conference and hotel center in Singapore. Details about the conference are here:

http://www.mininginvestmentasia.com/

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATa.org

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Tuesday-Thursday, April 5-7, 2016
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Wednesday-Friday, April 13-15, 2016
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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:

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To contribute to GATA, please visit:

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

Miles Franklin's Schectman, Hoffman plan presentations in Minneapolis, Phoenix

Sun, 02/07/2016 - 11:24

10:23a ET Sunday, February 7, 2016

Dear Friend of GATA and Gold:

GATA's friends Andy Schectman, president and co-founder of Minnesota bullion dealership Miles Franklin Precious Metals, and the firm's marketing director, Andy Hoffman, will continue their series of monetary metals presentations in Minneapolis on Friday, February 26, and in Phoenix on Wednesday, March 16.

Admission and refreshments will be free, there will be a cash bar, and participants will be invited to ask anything about the financial markets and the monetary metals. The firm will not contact participants unless they ask to be contacted.

Details about the Minneapolis presentation are here:

http://campaign.r20.constantcontact.com/render?ca=c10151da-7d04-4b6f-97a...

Details about the Phoenix presentation are here:

http://campaign.r20.constantcontact.com/render?ca=ad1d1a46-00a5-4bc9-aae...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Support GATA 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

MarketWatch profile of Nanex's Hunsader omits his most important work

Sat, 02/06/2016 - 12:34

11:34a ET Saturday, February 6, 2016

Dear Friend of GATA and Gold:

MarketWatch this week published a profile of market data analyst Eric Scott Hunsader of Nanex in Winnetka, Illinois, who may have done more than anyone to expose the crookedness of high-frequency trading, quote stuffing, and spoofing on U.S. exchanges and whose work has been crucially publicized by Zero Hedge. While it's great that Hunsader should get such recognition of his service to the restoration of free and transparent markets, the MarketWatch profile unfortunately omits what may be his greatest service, his disclosure of U.S. Securities and Exchange Commission and Commodity Futures Trading Commission documents showing that central banks and governments are secretly trading all major U.S. futures markets:

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

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

No major mainstream financial news organization in the world is yet prepared to acknowledge that there are no markets anymore, just interventions.

The MarketWatch profile of Hunsader, written by Anora Mahmudova, is headlined "This Man Wants to Upend the World of High-Frequency Trading" and it's posted here:

http://www.marketwatch.com/story/this-man-wants-to-upend-the-world-of-hi...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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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

Iran wants euro payment for new and outstanding oil sales, source tells Reuters

Sat, 02/06/2016 - 12:06

By Nidhi Verman
Reuters
Friday, February 5, 2016

NEW DELHI, India -- Iran wants to recover tens of billions of dollars it is owed by India and other buyers of its oil in euros and is billing new crude sales in euros too, looking to reduce its dependence on the U.S. dollar following last month's sanctions relief.

A source at state-owned National Iranian Oil Co told Reuters that Iran will charge in euros for its recently signed oil contracts with firms including French oil and gas major Total, Spanish refiner Cepsa, and Litasco, the trading arm of Russia's Lukoil.

"In our invoices we mention a clause that buyers of our oil will have to pay in euros, considering the exchange rate versus the dollar around the time of delivery," the NIOC source said. ...

Iran has also told its trading partners who owe it billions of dollars that it wants to be paid in euros rather than U.S. dollars, said the person, who has direct knowledge of the matter. ...

... For the remainder of the report:

http://www.reuters.com/article/us-oil-iran-exclusive-idUSKCN0VE21S

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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

Financial journalists start to notice the worldwide debt bubble

Fri, 02/05/2016 - 23:58

Oil Market Spiral Threatens to Prick Global Debt Bubble, Warns BIS

By Ambrose Evans-Pritchard
The Telegraph, London
Friday, February 5, 2016

The global oil industry is caught in a self-feeding downward spiral as falling prices cause producers to boost output even further in a scramble to service $3 trillion of dollar debt, the world's top watchdog has warned.

The Bank for International Settlements fears that a perverse dynamic is at work where energy companies in Brazil, Russia, China and parts of the US shale belt are increasing production in defiance of normal market logic, leading to a bad "feedback loop" that is sucking the whole sector into a destructive vortex.

... For the remainder of the report:

http://www.nytimes.com/2016/02/04/business/dealbook/toxic-loans-in-china...

... Dispatch continues below ...


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"Lower prices have not removed excess capacity from the market, but instead may have exacerbated it. Production has been ramped up, rather than curtailed," said Jaime Caruana, the general manager of the Swiss-based club for central bankers. ...

The nexus of oil and gas debt is just one part of an overstretched financial system, increasingly exposed to the dangers of a "maturing financial cycle" and to punishing moves in the global currency markets.

Mr Caruana said an "illusion of sustainability" has blinded borrowers and debtors, lulling them into a false of security when credit was easy and asset prices were rising. This illusion can die in the blink of an eye. "The turning of the financial cycle can be quite abrupt," he said.

The BIS calculates that debt in US dollars outside the United States has surged to $9.8 trillion, a fivefold rise since 2000 and an unprecedented level for the global monetary system as a whole. ...

... For the remainder of the report:

http://www.telegraph.co.uk/finance/oilprices/12143304/Oil-market-spiral-...

* * *

Toxic Loans Around the World Weigh on Global Growth

By Peter Eavis
The New York Times
Friday, February 5, 2016

Beneath the surface of the global financial system lurks a multi-trillion-dollar problem that could sap the strength of large economies for years to come.

The problem is the giant, stagnant pool of loans that companies and people around the world are struggling to pay back. Bad debts have been a drag on economic activity ever since the financial crisis of 2008, but in recent months, the threat posed by an overhang of bad loans appears to be rising. China is the biggest source of worry. Some analysts estimate that China's troubled credit could exceed $5 trillion, a staggering number that is equivalent to half the size of the country's annual economic output.

Official figures show that Chinese banks pulled back on their lending in December. If such trends persist, China's economy, the second-largest in the world behind the United States', may then slow even more than it has, further harming the many countries that have for years relied on China for their growth.

But it's not just China. Wherever governments and central banks unleashed aggressive stimulus policies in recent years, a toxic debt hangover has followed. In the United States, it took many months for mortgage defaults to fall after the most recent housing bust -- and energy companies are struggling to pay off the cheap money that they borrowed to pile into the shale boom. ...

... For the remainder of the report:

http://www.nytimes.com/2016/02/04/business/dealbook/toxic-loans-in-china...

* * *

Support GATA 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: Gold magically flows back into GLD

Fri, 02/05/2016 - 13:09

12:08p ET Friday, February 5, 2016

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson reports today that the exchange-traded fund GLD has been steadily adding gold to its claimed holdings since December, corresponding closely with the increase in the gold price since then. His commentary is headlined "Gold Magically Flows Back Into the GLD" and it's posted here:

http://www.tfmetalsreport.com/blog/7428/gold-magically-flows-back-gld

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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Support GATA 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

Venezuela's central bank in talks with Deutsche Bank on gold swap

Fri, 02/05/2016 - 10:57

By Corina Pons
Reuters
Friday, February 5, 2016

CARACAS, Venezuela -- Venezuela's central bank has begun negotiations with Deutsche Bank AG to carry out gold swaps to improve the liquidity of its foreign reserves as it faces heavy debt payments this year, according to two sources familiar with the talks.

Low oil prices and a decaying state-led economic model have weakened the OPEC nation's currency reserves and spurred concerns that it could default on bonds as it struggles to pay $9.5 billion in debt service costs this year.

Around 64 percent of Venezuela's $15.4 billion in foreign reserves are held in gold bars, which limits President Nicolas Maduro's government's ability to quickly mobilize hard currency for imports or debt service.

In December, Deutsche and Venezuela's central bank agreed to finalize a gold swap this year, the sources said. The sources did not confirm the volume of the operation in discussion. Neither Deutsche nor the central bank responded to requests for comment.

Gold swaps allow central banks to receive cash from financial institutions in exchange for lending gold during a specific period of time. They do not tend to affect gold prices because the gold is still owned by Venezuela and does not enter the market. ...

... For the remainder of the report:

http://www.reuters.com/article/us-venezuela-economy-exclusive-idUSKCN0VE...

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Support GATA 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 appears to report monthly withdrawals

Fri, 02/05/2016 - 09:11

8:10a ET Friday, February 5, 2016

Dear Friend of GATA and Gold:

Gold researcher and GATA consultant Koos Jansen reports today that the Shanghai Gold Exchange, which recently discontinued publishing weekly gold withdrawal totals, appears to have resumed reporting monthly withdrawals. Jansen's report is headlined "SGE Continues to Publish Withdrawal Figures?" and it's posted at Bullion Star here:

https://www.bullionstar.com/blogs/koos-jansen/sge-continues-to-publish-w...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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

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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: Shorting the yuan is dangerous

Fri, 02/05/2016 - 01:16

12:16a ET Friday, February 5, 2016

Dear Friend of GATA and Gold:

China doesn't need to devalue its currency, the yuan, GoldMoney research director Alasdair Macleod writes this week. Rather, Macleod writes, China's objective is to weaken the yuan's primary competitor, the U.S. dollar.

"With dollar reserves accumulating at a record rate because of the trade surplus, China should have no problem maintaining a yuan rate of her choosing," Macleod argues. "If anything she will seek to dispose of dollars on the basis they are overvalued relative to the commodities she needs for the future. China will sell her dollars not to protect the yuan but to dispose of an overvalued currency."

Macleod's analysis is headlined "Shorting the Yuan Is Dangerous" and it's posted at GoldMoney here:

https://www.goldmoney.com/shorting-the-yuan-is-dangerous?gmrefcode=gata

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATa.org

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Grab your Silver Starter Kit at cost from Money Metals Exchange, the company named "Precious Metals Dealer of the Year" by industry ratings group Bullion Directory.

Simply go to MoneyMetals.com and type "GATA" in the radio box at the top of the page.

This special silver offer contains 4 ounces of silver coins and rounds in the most popular 1-ounce, half-ounce, and 10th-ounce forms. Claim yours now, because GATA readers get employee pricing and free shipping.

So go to --

http://MoneyMetals.com

-- and type "GATA" in the radio box at the top of the page.

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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