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Daily Dispatches

EU looking to sidestep U.S. sanctions with payment system plan

Section: Daily Dispatches

By William Horobin and Birgit Jennen
Bloomberg News
Monday, August 27, 2018

Germany and France said they're working on financing solutions to sidestep U.S. sanctions against countries such as Iran, including a possible role for central banks.

Deutsche Bank merger with Commerzbank considered likely

Section: Daily Dispatches

Deutsche-Commerzbank Deal Seen as a Question of When, Not If

By Olaf Storbeck
Financial Times, London
Monday, August 27, 2018

FRANKFURT, Germany -- To many observers in Frankfurt a tie-up between Deutsche Bank and Commerzbank is not seen as a question of if, but when. 

China suggests it wants no more devaluation of yuan

Section: Daily Dispatches

Yuan Hits Four-Week High as China Signals Support, Revives X-Factor for Fixing

From Reuters
Sunday, August 26, 2018

Would Tocqueville's Hathaway risk too much by being honest?

Section: Daily Dispatches

10:07p Sunday, August 26, 2018

Dear Friend of GATA and Gold:

In response to GATA's August 23 dispatch -- "Tocqueville's Hathaway Marvels at Gold's Depression but Declines to Explain It" --

http://www.gata.org/node/18446

-- a friend who is a fund manager writes:

Tocqueville's Hathaway marvels at gold's depression but declines to explain it

Section: Daily Dispatches

11:14a ET Thursday, August 23, 2018

Dear Friend of GATA and Gold:

Russian central bank buys more gold in face of tougher sanctions

Section: Daily Dispatches

By Elizabeth Burden
Bloomberg News
Wednesday, August 22, 2018

Russia added more gold reserves in July than any other month this year as it continues to buy up the metal in the face of U.S. sanctions.

Wall Street doesn't rule out a move by Trump to weaken dollar

Section: Daily Dispatches

By Katherine Greifield
Bloomberg News
Wednesday, August 22, 2018

The United States of America, a currency manipulator?

It's a label more frequently slapped on developing export economies and one that President Donald Trump took up just this week to browbeat China and Europe in his increasingly pitched trade war.

Bank currency strategists offer 5 ways U.S. could reverse strong dollar trend

Section: Daily Dispatches

Option 6: Stop shorting gold futures and starting buying real metal instead.

* * *

By Anneken Tappe
MarketWatch, New York
Tuesday, August 21, 2018

Germany calls for global payments system free of U.S.

Section: Daily Dispatches

By Guy Chazan
Financial Times, London
Tuesday, August 21, 2018

Germany's foreign minister has called for the creation of a new payments system independent of the United States as a means of rescuing the nuclear deal between Iran and the west that Donald Trump withdrew from in May.

Craig Hemke at Sprott Money: Banks now long gold, short dollar

Section: Daily Dispatches

10:30a ET Tuesday, August 21, 2018

Dear Friend of GATA and Gold:

Futures market positioning data shows that commercial banks that are largely agents of the Federal Reserve now appear to be long gold, short the U.S. dollar, short bonds, and long volatility, Craig Hemke of the TF Metals Report writes today at Sprott Money.

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