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Daily Dispatches
Mnuchin comment surprises markets, turns dollar decline into 'one-way bet'
Submitted by cpowell on Wed, 2018-01-24 15:19 Section: Daily DispatchesBy Patti Domm
CNBC, New York
Wednesday, January 24, 2018
Treasury Secretary Steven Mnuchin's comment that a weak dollar is good for the country accelerated a decline in the currency and fed fears in a market already speculating that White House may make the dollar less attractive for the longer term. ...
Myanmar legalizes gold imports and exports
Submitted by cpowell on Wed, 2018-01-24 15:09 Section: Daily DispatchesGold Exports Now Permitted in Myanmar
By Thiha Ko Ko
Myanmar Times, Yangon
Wednesday, January 24, 2018
Gold and gold jewelry and accessories have been legally cleared for import and export, the Ministry of Commerce said Monday.
Commerce secretary says U.S. isn't abandoning 'strong dollar' policy
Submitted by cpowell on Wed, 2018-01-24 11:45 Section: Daily DispatchesBy Matthew J. Belvedere
CNBC, New York
Wednesday, January 24, 2018
Commerce Secretary Wilbur Ross took issue today with media characterizations that the United States is departing from its historically strong dollar policy.
Craig Hemke: Will the bullion banks ever let silver join commodities rally?
Submitted by cpowell on Wed, 2018-01-24 10:05 Section: Daily Dispatches10:07a ET Wednesday, January 24, 2018
Dear Friend of GATA and Gold:
Weakness in the U.S. dollar, the TF Metals Report's Craig Hemke writes today at Sprott Money, is being reflected in the prices of major commodities, particularly oil and copper, but not in silver, whose market is "easily the most manipulated in the world."
So will silver ever rise and catch up to the rest?
Trump team at Davos backs weaker dollar, sharpens trade war talk
Submitted by cpowell on Wed, 2018-01-24 07:39 Section: Daily DispatchesBy Enda Curran and Jan Dahinten
Bloomberg News
Wednesday, January 24, 2018
President Donald Trump's top economic advisers set the stage for the rollout of his "America First" manifesto on the world stage.
Gold-backed cryptocurrency planned by Perth Mint to entice investors back to metals
Submitted by cpowell on Tue, 2018-01-23 15:35 Section: Daily DispatchesBy Tara de Landgrafft
Australian Broadcasting Corp., Sydney
Tuesday, January 23, 2018
Australia's biggest gold refiner, the Perth Mint, is developing its own cryptocurrency backed by physical precious metals.
The ambitious plan, which is subject to a confidentiality agreement, will make it easier for consumers to buy gold.
Trace Mayer: Bitcoin can become a reserve asset
Submitted by cpowell on Tue, 2018-01-23 09:35 Section: Daily DispatchesBy Valentin Schmid
The Epoch Times, New York
Friday, January 19, 2018
After the spectacular run-up in bitcoin in 2017, there are many people who claim to be "early" bitcoin investors -- early meaning 2013 or even as late as 2016.
China plans to rescue any big bank
Submitted by cpowell on Tue, 2018-01-23 09:29 Section: Daily DispatchesChina Promises Bank Rescue in Next Crisis as Market Prophets Warn on Rising US Rates
By Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, January 23, 2018
China's financial regulator has vowed to rescue the Chinese banking system immediately to avert a banking crisis when the bubble bursts, issuing a blanket guarantee that no major institution will be allowed to fail.
LBMA hopes that blockchain can track everybody's gold
Submitted by cpowell on Tue, 2018-01-23 08:56 Section: Daily DispatchesGold Market Mulling Blockchain for $200 Billion of Supply
By Eddie Van Der Walt and Ranjeetha Pakiam
Bloomberg News
Tuesday, January 23, 2018
Gold is going digital.
As Asia takes over gold trade, World Gold Council considers standard for kilobars
Submitted by cpowell on Mon, 2018-01-22 14:59 Section: Daily DispatchesBy Pratima Desai
Reuters
Monday, January 22, 2018
LONDON -- The World Gold Council is studying the creation of a global standard for gold kilobars so they can be deployed as collateral in futures markets and potentially encourage demand, sources close to the matter said.