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Daily Dispatches
Kyrgyzstan and Canada's Centerra settle Kumtor gold mine dispute
Submitted by admin on Mon, 2022-04-04 20:05 Section: Daily DispatchesBy Clara Denina and Zandi Shabalala
Reuters
Monday, April 4, 2022
LONDON -- Kyrgyzstan will take full control of the Kumtor gold mine, its biggest industrial enterprise, under an out-of-court settlement with Canada-based Centerra Gold after a series of legal disputes over the past year.
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Pam and Russ Martens: $1 trillion in Fed's repo loans rescued stocks in March 2020
Submitted by admin on Mon, 2022-04-04 11:32 Section: Daily DispatchesIn a Six-Day Span in March 2020, the Dow Crashed 5,676 Points; the Fed Responded with Almost $1 Trillion in Repo Loans to 24 Trading Houses
By Pam and Russ Martens
Wall Street on Parade
Monday, April 4, 2022
The Federal Reserve, the central bank of the United States, has a "dual mandate" to target inflation and to maintain "maximum sustainable employment."
Informed by GATA, Russia will drive gold price, fund manager Lawrence Lepard says
Submitted by admin on Sun, 2022-04-03 23:55 Section: Daily Dispatches11:54p ET Sunday, April 3, 2022
Dear Friend of GATA and Gold:
Russia has begun driving the gold price, informed by GATA's work about Western gold price suppression policy, according to Lawrence Lepard, founder and managing partner of Equity Management Associates in Sherborn, Massachusetts, who commented last week in an interview with Tom Bodrovics of Palisades Gold Radio.
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Russia says it wants a new financial architecture for the world
Submitted by admin on Sun, 2022-04-03 12:15 Section: Daily DispatchesKremlin Warns West: Ruble-for-Gas Scheme Is the 'Prototype'
By Guy Raulconbridge
Reuters
Sunday, April 3, 2022
LONDON -- President Vladimir Putin's rouble payment scheme for natural gas is the prototype that the world's largest country will extend to other major exports because the West has sealed the decline of the U.S. dollar by freezing Russian assets, the Kremlin said.
Ronan Manly: Russian ruble is relaunched linked to gold and commodities
Submitted by admin on Fri, 2022-04-01 13:56 Section: Daily Dispatches1:48p ET Friday, April 1, 2022
Dear Friend of GATA and Gold:
The Russian central bank's setting a fixed price for gold in rubles puts a floor under the gold price worldwide, Bullion Star researcher Ronan Manly writes today. Russia's insistence on payment for gas and oil, he adds, will link their prices to gold.
Swiss court rules against gold trade transparency
Submitted by admin on Fri, 2022-04-01 12:12 Section: Daily DispatchesFrom SwissInfo
Swiss Broadcasting Corp., Bern
Thursday, March 31, 2022
Switzerland's Federal Administrative Court has decided in favour of four big gold refineries that were under pressure to disclose their gold suppliers.
The Bern-based Society for Threatened Peoples said today that it took note of the court's decision to "protect business secrecy."
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European gas payments in rubles aren't due until second half of April
Submitted by admin on Fri, 2022-04-01 11:24 Section: Daily DispatchesBy Marwa Rashad
Reuters
Friday, April 1, 2022
LONDON -- European governments and companies were working today on a common approach to Russia's demand that they pay for its gas in rubles as the threat of an imminent supply halt eased.
European capitals have been on alert for a disruption to gas imports for weeks as President Vladimir Putin seeks retaliation over Western sanctions for Russia's invasion of Ukraine.
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At least two major refiners refuse to remelt Russian gold bars
Submitted by admin on Thu, 2022-03-31 21:49 Section: Daily DispatchesBy Eddie Spence
Bloomberg News
Thursday, March 31, 2022
Some gold refineries are refusing to remelt Russian bars even though market rules permit them to do so, in a sign of how toxic the country's products have become in certain commodity markets.
The London Bullion Market Association, a club of big banks that acts as the overseer of the world's key gold market, has drawn a distinction between newly produced Russian gold, which it has barred from its market, and metal that was produced before the invasion, which it is still allowing to trade.
Alasdair Macleod: Edging toward a gold standard
Submitted by admin on Thu, 2022-03-31 21:45 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, March 31, 2022
Commentators are trying to make sense of Russian moves. However, there is a back story that differs from much of the speculation, which this article addresses.
The Russians have not put the rouble on some sort of gold standard. Instead, they have repeated the Nixon/Kissinger strategy that created the petrodollar in 1973 by getting the Saudis to agree to accept only dollars for oil.
Hack of Ronin Network may be biggest crypto theft ever -- $622 million
Submitted by admin on Thu, 2022-03-31 12:24 Section: Daily DispatchesHackers Just Stole More Than a Half Billion Dollars from Axie Infinity's Ronin Network in What Could Be the Biggest Crypto Heist of All Time
By Taylor Locke
Fortune Magazine, New York
Tuesday, March 29, 2022
In what might be the biggest crypto hack to date, around $622 million has been stolen from a blockchain-based gaming network.
The Ronin Network, which powers the super-popular Axie Infinity game, confirmed the security breach on Twitter today. According to the network's Substack post, Ronin was exploited for 173,600 Ethereum and 25.5 million USDC.
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