Daily Dispatches

Cash advance from Russian gas pipeline could buy time for Greece

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Russian Gas Deal 'Will Net Greece E5 Billion and Turn the Tide'

By Andrew Trotman
The Telegraph, London
Friday, April 17, 2015

Greece could reap up to E5 billion from a planned Russian gas pipeline that runs through the country and on to the rest of Europe, easing fears it could run out of money within weeks.

Appeals court rules U.S. govt. must return rare gold coins to family

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By Jonathan Stempel
Reuters
Friday, April 17, 2015

The U.S. government must return 10 exceptionally rare gold coins worth millions of dollars each to a Pennsylvania family from which the purloined coins were seized a decade ago, a federal appeals court ruled today.

Alasdair Macleod: The overvalued dollar

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By Alasdair Macleod
GoldMoney.com
Friday, April 17, 2015

Greece scrapes bottom of barrel in hunt for cash to stay afloat

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By Lefteris Papadimas and Deepa Babington
Reuters
Friday, April 17, 2015

ATHENS -- Greece will need to tap all the remaining cash reserves across its public sector -- a total of 2 billion euros ($2.16 billion) -- to pay civil service wages and pensions at the end of the month, according to finance ministry officials.

Mike Kosares: Don't be a Mr. or Mrs. Unicorn

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2:40p ET Thursday, April 16, 2015

Dear Friend of GATA and Gold:

Perpetuating "quantitative easing," USAGold's Mike Kosares writes today, will be inflationary and tend to support the gold price, while ending QE likely will shake the markets and support the gold price as well. Kosares' commentary is headlined "Don't Be a Mr. or Mrs. Unicorn" and it's posted at USAGold here:

Your taxes have nothing to do with the government's need for money

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4:55 ET Wednesday, April 15, 2015

Dear Friend of GATA and Gold:

Record dive recovers $50 million in wartime silver from ocean floor

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From the British Broadcasting Corp., London
Wednesday, April 15, 2015

In the deepest salvage operation in history, a British-led team has recovered a $50 million (L34 million, E47 million) trove of coins that has lain on the seabed since the steamship carrying them from Bombay to England was sunk in 1942.

Asian demand turns Massachusetts into major gold exporter

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State's Exports Enjoying a Gold Rush

Massachusetts Shipped Nearly $2 Billion of the Precious Metal to Far-Flung Markets Last Year

By Megan Woolhouse
The Boston Globe
Tuesday, April 14, 2015

http://www.bostonglobe.com/business/2015/04/14/golden-mystery-massachuse...

TF Metals Report: Another silver short squeeze looms

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2:10p ET Wednesday, April 15, 2015

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson is expecting a substantial short squeeze in silver futures in about two weeks. His commentary is headlined "Another Silver Short Squeeze Looms" and it's posted at the TF Metals Report here:

http://www.tfmetalsreport.com/blog/6767/another-silver-short-squeeze-loo...

Gold Reserve makes push in Luxembourg to collect Venezuela award

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By Alexandra Ulmer
Reuters
Monday, April 13, 2015

Gold Reserve Inc. has served banks in Luxembourg with the equivalent of writs of garnishment relating to around $700 million in interest payments on Venezuelan bonds and funds, cranking up its push to collect an arbitration award from the South American country.

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