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Daily Dispatches
Indian rupee is getting crushed by its own central bank
Submitted by cpowell on Wed, 2019-11-27 22:27 Section: Daily DispatchesBy Kartik Goyal
Bloomberg News
Wednesday, November 27, 2019
The Reserve Bank of India's efforts to support the flagging economy are turning out to be a bane for the rupee.
The currency is the worst performer in emerging Asia this quarter, and analysts say that’s because the central bank is mopping up dollars gushing into local stocks and bonds.
Not many new gold mines on the way, Agnico-Eagle CEO Boyd says
Submitted by cpowell on Wed, 2019-11-27 18:11 Section: Daily DispatchesBy Kevin Stankiewicz
CNBC, New York
Wednesday, November 27, 2019
While demand for gold remains strong, building mines has grown more difficult over the last decade, the CEO of a Canadian miner told CNBC's Jim Cramer on Tuesday.
"It's a lot tougher now than it was 10 or 15 years ago," Sean Boyd said on "Mad Money."
Huge bets in NY that gold could triple to $4,000 by June 2021
Submitted by cpowell on Wed, 2019-11-27 18:05 Section: Daily DispatchesBy Yvonne Yue Li
Bloomberg News
Wednesday, November 27, 2019
The gold options market today saw $1.75 million in block trades betting the precious metal could almost triple in more than a year, surpassing the record.
Pam and Russ Martens: 2008 Fed email about 'intra-day bankruptcy' illuminates today's repo scare
Submitted by cpowell on Tue, 2019-11-26 12:15 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Tuesday, November 26, 2019
There is one phrase on Wall Street that instills fright like no other -- "intra-day bankruptcy" -- especially if it's describing a bankruptcy filing by a highly interconnected Wall Street firm.
Keiser Report notes NY Fed's denial to GATA of repo cash details
Submitted by cpowell on Mon, 2019-11-25 12:43 Section: Daily Dispatches12:43p ET Monday, November 25, 2019
Dear Friend of GATA and Gold:
Jan Nieuwenhuijs: Central banks becoming more honest about gold
Submitted by cpowell on Mon, 2019-11-25 12:11 Section: Daily Dispatches12:10p ET Monday, November 25, 2019
Dear Friend of GATA and Gold:
Western central banks and particularly those of Germany and France lately have been acknowledging gold's crucial role in the international monetary system, Jan Nieuwenhuijs writes today at Finland's Voima Gold internet site.
Pam and Russ Martens: It's official -- JPMorgan is riskiest big bank in U.S.
Submitted by cpowell on Mon, 2019-11-25 11:42 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, November 25, 2019
Poland repatriates gold 'to show strength of its economy'
Submitted by cpowell on Mon, 2019-11-25 11:15 Section: Daily DispatchesPoland Repatriates 100 Tons of Gold From Bank of England Storage
Marek Strzelecki and Dorota Bartyzel
Bloomberg News
via Yahoo News
Monday, November 25, 2019
https://www.yahoo.com/finance/news/poland-repatriates-100-tons-gold-1530...
Kirkland Lake Gold to buy Detour Gold for $3.7 billion
Submitted by cpowell on Mon, 2019-11-25 10:51 Section: Daily DispatchesBy Joe Deaux and Thomas Biesheuvel
Bloomberg News
Monday, November 25, 2019
Canada's Kirkland Lake Gold Ltd. headed for the biggest slump in Toronto trading in more than four years after announcing a C$4.9 billion ($3.7 billion) agreement to buy Detour Gold Corp.
In Kitco interview, 'analyst' marvels dumbly at lethargy of gold price
Submitted by cpowell on Sat, 2019-11-23 11:47 Section: Daily Dispatches11:51a ET Saturday, November 23, 2019
Dear Friend of GATA and Gold:
Kitco yesterday quoted a "senior market strategist" expressing cluelessness about the recent lethargy of the gold price. The report was headlined "Gold Price Has 'Every Reason in the World to Rally'; Why Isn't It?" and it can be found here:
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