Saturday, November 22, 2014

Gold Report - November 22 - 23 , 2014 -- Swiss Gold Initiative , Netherlands repatriates gold while Germany can't news items , China and Russia set to expose Gold Bullion Scam , Russia gold hoard swells and what might its endgame be , Asia seeing HFT moves on gold prices , China gold demands rolls on like Old Man River ......

GATA....



Central banks getting nervous about gold vaulted elsewhere, Turk tells KWN


 Section: 

10:42p ET Friday, November 21, 2014
Dear Friend of GATA and Gold:
Concerns about the fractional-reserve gold banking system will increase because of the Netherlands central bank's repatriation of gold from the U.S. Federal Reserve, GoldMoney founder and GATA consultant James Turk tells King World News tonight. "People are getting nervous" about gold vaulted with others, Turk says, and central banks making contingency plans for their currencies need to ensure that they control their gold. An excerpt from the interview is posted at the KWN blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



Ronan Manly: Swiss gold vote likely tighter than polls suggest


 Section: 

4:37p ET Friday, November 21, 2014
Dear Friend of GATA and Gold:
GoldCore analyst and GATA consultant Ronan Manly today provides a detailed analysis of the opinion polls that seem to be moving against the Swiss Gold Initiative, and he raises a compelling question: While the Swiss National Bank complains that the initiative would severly limit its monetary policy options, the initiative gives the bank five years for compliance, so just how long does the bank intend to chain the Swiss franc to a depreciating euro?
Manly's commentary is headlined "Swiss Gold Vote Likely Tighter than Polls Suggest" and it's posted at GoldCore here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Dutch leaving plenty of gold abroad and it's probably gone, von Greyerz says


 Section: 

4:23p ET Friday, November 21, 2014
Dear Friend of GATA and Gold:
King World News notes today that Swiss gold fund manager Egon von Greyerz, a leader of the Swiss Gold Initiative, remarked to KWN a month ago that another European central bank was repatriating gold from the United States. The Netherlands central bank made such an announcement today.
But von Greyerz scoffs at the bank's assertion that the repatriation will build public confidence, since 69 percent of the Netherlands gold reserve will remain vaulted abroad and probably is not really vaulted with its nominal custodians but more likely has been whisked off to Asia through gold lending.
An excerpt from von Greyerz's interview is posted at the KWN blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Dave Kranzler: Was GLD gold moved to the Dutch central bank?


 Section: 

3:22p ET Friday, November 21, 2014
Dear Friend of GATA and Gold:
Sharp-eyed Dave Kranzler of Investment Research Dynamics notes that the gold announced today to have been repatriated by the Netherlands central bank nearly matches the recent decline in tonnage held by the gold exchange-traded fund GLD. Kranzler's commentary is headlined "Was GLD Gold Moved to the Dutch Central Bank?" and it's posted at Investment Research Dynamics here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.





Russia, China will accuse U.S. of gold scam, bullion dealer tells KWN


 Section: 

11a ET Friday, November 21, 2014
Dear Friend of GATA and Gold:
Montana coin and bullion dealer Steve Quayle, whose motto is "If You Can't Touch It, You Don't Own It," tells King World News today that Russia and China soon will tell the world that the United States doesn't have the gold it claims to have. An excerpt from the interview is posted at the KWN blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


Netherlands starts repatriating gold

 Section: 
8:45a ET Friday, November 21, 2014
Dear Friend of GATA and Gold:
The central bank of the Netherlands announced today that it is repatriating much of its gold from abroad.
Bullion Star market analyst and GATA consultant Koos Jansen covers the announcement here:
MarketWatch reports about it here:
A Dutch newspaper, De Volkskrant, offers this, which, if opened in Google Chrome, can be automatically translated to English:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.


John Butler: Will Putin play his gold card?


 Section: 

8:33a ET Thursday, November 20, 2014
Dear Friend of GATA and Gold:
Fund manager and author John Butler of Atom Capital in London, editor of the Amphora Report, wonders this week whether Russian President Vladmir Putin will play his "gold card" and notes that strengthening Russia's economy and international position by remonetizing gold is actually an old idea. Butler's commentary is headlined "As the 'Sanctions War' Heats Up, Will Putin Play His Gold Card?' and it's posted in PDF format at Atom Capital's Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



Unusual gold moves in Asian hours puzzle jittery traders


 Section: 

They must not yet have heard about the Bank for International Settlements and the Exchange Stabilization Fund.
* * *
By A. Ananthalakshmi
Reuters
Thursday, November 20, 2014
SINGAPORE -- Some of the biggest price moves in gold since late October have, unusually, occurred in Asian hours and traders more accustomed to following the lead of their Western counterparts suspect a big increase in algorithmic trading may be to blame. ...
Liquidity in Asia tends to be thin until Europe wakes up but recent weeks have been different: COMEX gold futures, the busiest gold contract in the world, have suffered sharp sell-offs in Asia, sometimes sparked by the news flow or currency moves but often for no identifiable reason.
"It is unusual for Asia to be seeing these busy trading sessions," said David Govett, head of precious metals at broker Marex Spectron in London. "I have spoken to a lot of people about it and the general consensus seems to be that there is a big increase in algorithmic and high-frequency trading in this time zone nowadays as it can be quite easy to push about," he said. ...
... For the remainder of the report:



Jesse's Cafe Americain....


China SGE Gold Withdrawals For Week 52 Tonnes



The Shanghai Gold Exchange withdrawals were 52.26 tonnes for the week ending 14 November.

To put this into perspective, there are a total of 27 tonnes of gold bullion in the registered 'deliverable' at these prices category in all the Comex warehouses now. 
 
That's only a few days supply work in Shanghai.  































****





Tweets....






Swiss Gold Initiative Leader Banned From Televised Debate  





 and 7 others follow


Swiss Gold Initiative: 64% NO 28% Yes - Polls








Iraq / Syria Regional War Updates ( Weekend Report - November 22-23 , 2014 ) - US by way of Vice President Biden and General James Jones push for Turkey to put boots on the ground in syria ( Turkey steadfastly wants that No Fly Zone and Assad removed ) ... Iraq Sunnis fighting off ISIS , Kurds waiting on promised oil monies from Baghdad ......Updates on the state of play in both Iraq and Syria battlefronts ....



Saturday Tweets.....



Jabhat al-Nusra spokesman: No Nusra-IS alliance / Nusra will continue to confront US-backed grps:






PT: Word on the ground in , incl from Ahrar al-Sham, is that Nusra is evolving “in the wrong direction” - tensions are slowly rising.







US-led strikes on have killed 910 in since Sept.








Lavrov accuses US of seeking to 'surreptitiously' topple













Sunnis in are failing to find the representation they desperately need as tightens grip on Sunni towns







Locals fear for their life as continues its campaign to force blood-donations for wounded fighters in .








Rep Ed Royce of California has introduced legislation that would give the authority to ship weapons directly to











to receive first installment of $1 billion from








commander: degraded in but gains are slow













US wants Turkey’s boots on the ground, by













Back to market is winning pre any political proposal; de Mistura claims SAA controls 80% of ..!!