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Daily Dispatches
Mysterious Turkish firm helped Maduro move $900 million in gold
Submitted by cpowell on Fri, 2019-02-08 12:02 Section: Daily DispatchesFrom Bloomberg News
Friday, February 8, 2019
Two months after Venezuelan President Nicolas Maduro visited his counterpart Recep Tayyip Erdogan in Ankara, a mysterious company called Sardes sprang into existence.
Stefan Gleason: Battle for Venezuela's gold is a lesson in counterparty risk
Submitted by cpowell on Fri, 2019-02-08 11:51 Section: Daily DispatchesBy Stefan Gleason
Money Metals Exchange, Eagle, Idano
Wednesday, February 6, 2019
He who controls the gold makes the rules. That adage applies aptly to the crisis in Venezuela.
An international battle for control of Venezuela's gold is underway. At stake is the country's political future -- and, with it, the global market for its immense oil reserves.
GATA Chairman Murphy interviewed on what could keep gold rally going
Submitted by cpowell on Fri, 2019-02-08 11:39 Section: Daily Dispatches11:40a ET Friday, February 8, 2019
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, interviewed by Dunagun Kaiser for Reluctant Preppers, discusses the recent rise in monetary metals prices and what could keep it going. The interview is 19 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=93vIsPEHJPE&feature=youtu.be
No inflation? These guys must not shop for groceries or pay medical insurance premiums
Submitted by cpowell on Thu, 2019-02-07 19:55 Section: Daily DispatchesFed's Bullard Says U.S. Likely to Miss Inflation Target for Eighth Year
From Reuters
Thursday, February 7, 2019
WASHINGTON -- The Federal Reserve is likely to miss its 2 percent inflation target for an eighth straight year in 2019, a further sign the U.S. central bank's recent round of rate increases should end, James Bullard, president of the St. Louis Federal Reserve Bank, said today.
Russia's new shield against U.S. sanctions: A Siberian gold mine
Submitted by cpowell on Thu, 2019-02-07 11:04 Section: Daily DispatchesBy Thomas Grove
The Wall Street Journal
Thursday, February 7, 2019
SUKHOI LOG, Russia -- Beneath this plot of land in southeastern Siberia lie vast stores of gold, according to Russia's biggest gold producer, Polyus PJSC , and tapping them could provide the Russian central bank with a huge and nearly sanction-proof backstop for its currency.
Maduro sold 40% of Venezuela's gold last year amid cash crunch
Submitted by cpowell on Wed, 2019-02-06 19:12 Section: Daily DispatchesBy Patricia Laya and Alex Vasquez
Bloomberg News
Wednesday, February 6, 2019
President Nicolas Maduro blew through more than 40 percent of Venezuela's gold reserves last year in a desperate bid to fund government programs and pay millions to bondholders.
French magazine challenges Banque de France's gold lending plans
Submitted by cpowell on Wed, 2019-02-06 12:47 Section: Daily Dispatches12:45p ET Wednesday, February 6, 2019
Dear Friend of GATA and Gold:
Politique magazine in Paris this week published a report by Edouard Freval about the Banque de France's new interest in lending and swapping gold through JPMorganChase & Co. even as credit and currency risks are rising and other central banks are acquiring the monetary metal to guard against those risks.
Craig Hemke at Sprott Money: Mr. Palladium punches back
Submitted by cpowell on Tue, 2019-02-05 23:08 Section: Daily Dispatches11p ET Tuesday, February 5, 2019
Dear Friend of GATA and Gold:
Answer GATA's questions on gold market rigging, congressman tells CFTC
Submitted by cpowell on Tue, 2019-02-05 16:13 Section: Daily DispatchesCongressman Demands CFTC Explain Its Failure to Find Silver Market Manipulation Where Justice Department Did
From Money Metals News Service, Eagle, Idaho
Tuesday, February 5, 2019
https://www.moneymetals.com/news/2019/02/05/cftc-silver-market-manipulat...
Dave Kranzler: The Fed blinked and gold and silver are going higher
Submitted by cpowell on Tue, 2019-02-05 13:20 Section: Daily Dispatches1:19p ET Tuesday, February 5, 2019
Dear Friend of GATA and Gold: