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Daily Dispatches
Fed officials call for safeguards against the bubbles they blow
Submitted by cpowell on Sat, 2020-10-17 18:23 Section: Daily DispatchesHuh? Why not just stop blowing bubbles?
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Federal Reserve Debates Tougher Regulation to Prevent Asset Bubbles
By James Politi
Financial Times, London
Saturday, October 17, 2020
Kinross considers selling gold mines in Americas, doubling down on West Africa and Russia
Submitted by cpowell on Sat, 2020-10-17 11:00 Section: Daily DispatchesBy Niall McGee
The Globe and Mail, Toronto
Friday, October 16, 2020
Kinross Gold Corp. is considering selling its gold mines in North and South America, moving its primary stock listing to London, and doubling down on its portfolio of assets in Russia and West Africa, according to three sources familiar with the discussions.
No deal yet on Papua New Guinea mine, Barrick CEO Bristow says
Submitted by cpowell on Fri, 2020-10-16 20:04 Section: Daily DispatchesFrom Reuters
Friday, October 16, 2020
Barrick Gold Chief Executive Mark Bristow said today the Canadian miner was a "long way off" from reaching agreement with Papua New Guinea about the disputed Porgera gold mine.
1713 gold 'Royal' coin from wrecked Spanish Plate Fleet to be auctioned next month
Submitted by cpowell on Fri, 2020-10-16 19:49 Section: Daily DispatchesBy Jeff Starck
Coin World, Sidney, Ohio
Friday, October 16, 2020
A rare gold Spanish colonial coin, with documented provenance to the famed 1715 Plate Fleet wrecks, highlights Daniel Frank Sedwick LLC's Treasure Auction 28 on Nov. 17.
Papua New Guinea gains 'major share' of Barrick's Porgera mine
Submitted by cpowell on Fri, 2020-10-16 14:55 Section: Daily DispatchesFrom Bloomberg News
via Yahoo News
Friday, October 16, 2020
Papua New Guinea's push for greater sway over its own mineral wealth scored a win, with Barrick Gold Corp. agreeing to a deal that will see the South Pacific nation get a big stake in a key gold mine.
'Rigged' author Stuart Englert interviewed by Palisade Radio
Submitted by cpowell on Fri, 2020-10-16 12:59 Section: Daily Dispatches1p ET Friday, October 16, 2020
Dear Friend of GATA and Gold:
Journalist Stuart Englert, author of the book "Rigged, Exposing the Largest Financial Fraud in History," which details the manipulation of gold prices by central banks and draws heavily on GATA's work, was interviewed this week by Tom Bodrovics at Palisade Radio. The interview is 36 minutes long and can be heard at YouTube here:
Sprott's John Hathaway: Gold, the simple math
Submitted by cpowell on Fri, 2020-10-16 12:47 Section: Daily Dispatches12:45p ET Friday, October 16, 2020
Dear Friend of GATA and Gold:
Sprott gold portfolio manager John Hathaway this week published a report detailing the many factors supporting investment in gold and gold-mining companies.
Pam and Russ Martens: Stock mutual funds have net outflows for 25 weeks, totaling record $388.7 billion
Submitted by cpowell on Fri, 2020-10-16 11:47 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Friday, October 16, 2020
Refinitiv Lipper, which has been tracking mutual fund flows for the past 18 years, reports that for the week ended Wednesday, October 14, equity (stock) mutual funds marked their 25th week of net negative outflows, losing $8.6 billion for the week.
Despite JPMorgan's record spoofing fine, deterrence questions remain
Submitted by cpowell on Wed, 2020-10-14 22:07 Section: Daily DispatchesBy Henry Engler
Reuters
Tuesday, October 13, 2020
https://www.reuters.com/article/idUSKBN26Y2NT
JPMorgan's $920 million fine by U.S. regulators for "spoofing" in the precious metals and U.S. Treasury markets, the practice of giving a false impression of market demand by rapidly entering and canceling orders, would appear to be a sharp warning to the industry over the illegal practice.
With dividend increases, gold miners share wealth from high prices
Submitted by cpowell on Wed, 2020-10-14 11:41 Section: Daily DispatchesFrom the Canadian Press
via The Star, Toronto
Tuesday, October 13, 2020
CALGARY, Alberta -- Investors in Canadian gold-mining companies are being rewarded with higher dividends as gold prices settle near US$1,900 per ounce after setting record highs above US2,070 in August.
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