The Shanghai International Gold Exchange Is Launched! Koos Jansen is an intrepid observer of the precious metals biz, especiallyin Asia. He writes: Where to begin. Much has happened this week in the Chinese gold market; on wednesday the Shanghai Gold Exchange(SGE) releasedmultiplerule books written in English describing every detail on the workings of the SGEand itsbrand new subsidiary theShanghai International Gold Exchange(SGEI). Finally the world canread everything about the Chinese exchange that is strongestforce in the physical gold market, butwaswidely misunderstood because of the language barrier.Though having channeledunprecedented amountsof physical gold into China mainlandthe SGE has been enjoying little coveragein the mainstream media.

TOKYO (Reuters) - Japans government cut its overall economic assessment for the first time in five months as private consumption is struggling to recover from the slump caused by Aprils sales tax hike, clouding the outlook for a sustained recovery. The government on Friday cut its view on private consumption, which accounts for about 60 percent of the economy, saying that consumer spending is seen pausing although a pick-up trend remains intact. The assessment followed a run of weak indicators, including falling household spending, which raised doubt about the strength of an expected bounce in the current quarter - a crucial factor for

The Perth Mints Bron Suchecki wrote on the 18th: This morning I recorded an interview with Al Korelin for his weekend show which should be up Saturday US time. Al talked about how bad the sentiment was in the gold market right now, the worst he has ever seen, and Id have to agree.

Henry Bonner in a recent call with Eric Sprott, founder of Sprott Inc., he said he was still buying physical gold -and planned to keep buying it for as long as he could. The gold shortage that he talked aboutin our May interviewis still there, and economically, things aren’t getting better. “When people finally decide they want to buy gold, there probably won’t be any gold,” he explained.

VANCOUVER, B.C. – True Gold Mining Inc. (TSX-V; TGM) (“True Gold” or the “Company”) is pleased to report that the Burkina Faso Council of Ministers has approved the issuance of exploitation permits (equivalent to mining permits) for the Kao and Nami deposits at the Karma Gold Project. The Kao and Nami exploitation permits are extensions of the existing Karma Exploitation Permit received in January, 2014, which includes the development of the Goulagou I, Goulagou II and Rambo deposits. “We now have all required permits in place, both exploitation and environmental, to fully develop all five deposits within the current Karma mine plan,” stated

Vancouver, BC - Bayfield Ventures Corp. (TSX-V:BYV)(OTC Pink:BYVVF) (Frankfurt:B4N) is pleased to announce that its drill program has commenced on its Rainy River gold-silver project in north-western Ontario. Bayfields flagship Burns Block property is surrounded by New Golds (TSX: NGD) Rainy River project and adjoins the immediate east of New Golds multi-million ounce ODM17 gold-silver deposit and adjoins the immediate west of New Golds expanding Intrepid gold-silver deposit. Rainy River District Gold Zones:http://www.bayfieldventures.com/i/maps/BYV-Burns-Gold-Zones-NOV-2012.jpg The Company will focus most of its 2014 exploration and drilling program on the eastern side of the Burns Block on the high priority East Burns - Intrepid Zone.Additional Discovery

Thank you GATA for bringing this article to our attention: From Bloomberg: 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 yuans global use. The Shanghai Gold Exchange will start trading contracts in the citys 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

Pilot Gold Inc. (PLG - TSX) (“Pilot Gold” or the “Company”) is pleased to report that as at the close of trading on Friday, September 19, 2014, Pilot Gold will be added to the SP/TSX SmallCap Index. The SP/TSX SmallCap Index serves the dual purpose as a benchmark and as an investable index, and is designed to capture the investment opportunity set for small cap investment managers. Currently there are approximately 210 TSX listed companies which compose the index.

GATA shared Dennis Gartman, The Gartman Letters, latest: 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. Weve 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 Ive been noting in Gold Newsletter -- https://jeffersoncompanies.com/ Heres an explanation

Peter Schiff, Euro Pacific Capital Inc., writes: Fridaysrelease of disappointing August payroll numbers should have been a jarring wake-up call warning Wall Street that the economy has been treading on thin ice. Instead the alarm clock was stuffed under the pillow and Wall Street kept sleeping. The miss was so epic in fact (the 142,000 jobs created was almost 40% below the consensus estimate) that the top analysts on Wall Street did their best to tell us that it was all just a bad dream.Mark Zandi of Moodys reacted on Squawk Box by saying I dont believe this data. The reliably optimistic Diane

Effective September 15, 2014, The Chicago Mercantile Exchange, Inc. (CME), the Board of Trade of the City of Chicago, Inc. (CBOT), the New York Mercantile Exchange, Inc. (NYMEX), and the Commodity Exchange, Inc. (COMEX), notified the Commodity Futures Trading Commission (CFTC) of the adoption of Rule 575 (“Disruptive Practices Prohibited”). The Exchanges will also adopt the CME Group Market Regulation Advisory Notice RA1405-5, which provides the text of Rule 575 as well as additional regulatory guidance on various types of prohibited disruptive order entry and trading practices which the Exchanges find to be abusive to orderly conduct of trading or the fair execution

Declining gold prices again have pushed demand up on the Shanghai Gold Exchange as China buys the dips, while silver inventories on the Shanghai Futures Exchange continue to fall, gold researcher and GATA consultant Koos Jansen reports today. His analysis is posted at Bullion Star here: Chinese Gold Demand 39t In Week 36, YTD 1290t RobustChinese gold demand is keeping up its pace. Chinese wholesale demand, measured bywithdrawals from the Shanghai Gold Exchange vaults, was 39 tonnes in week 36 (September 1 - 5). Year to to date 1290 tonnes has been withdrawn from the SGE vaults. Blueis weekly withdrawals in Kg,Greenis withdrawals

Our friends at GATA bring us another informative read: Former U.S. Rep. Ron Paul writes today that he hopes that the people of Switzerland vote to repatriate their gold when they hold a referendum on the issue on November 30. Paul argues that approval of the proposal at referendum will repudiate the financial elites behind unlimited government. He writes: The Swiss people appreciate the work their forefathers put into building up large gold reserves, a respected currency, and a strong, independent banking system. They do not want to see centuries of struggle squandered by a central bank. The results of the November referendum

Peter Schiff slices and dices the popular economic narrative in this brief, but worthy CNBC interview below.

More from Michael Pento in a note to KWN...Wall Street powerhouse Goldman Sachs has recently reiterated its negative view on gold, which it has held for the past year. However, it is now doubling down on this view and advising clients to go short the metal. Jeff Currie, head of commodity research at Goldman, wrote, “Our target is really driven by the view that we think that the Fed will ultimately be the dominant force here and put more downward pressure” on gold prices. While I agree with Goldman that the Fed will be the dominant force behind the price of gold, I