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Daily Dispatches
Ronan Manly: Bullion banks line up in London to support LME's gold futures
Submitted by cpowell on Fri, 2017-07-07 09:29 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Friday, July 7, 2017
The London Metal Exchange (LME) and World Gold Council have just confirmed that their new suite of London-based exchange-traded gold and silver futures contracts will begin trading on Monday. These futures contracts are collectively known as LMEprecious.
Mark O'Byrne: Silver prices bounce after futures manipulated 7% lower in minute
Submitted by cpowell on Fri, 2017-07-07 09:20 Section: Daily Dispatches9:23a ET Friday, July 7, 2017
Dear Friend of GATA and Gold:
The government just killed the mining sector in this critical gold nation
Submitted by cpowell on Thu, 2017-07-06 20:44 Section: Daily DispatchesBy Dave Forest
OilPrice.com, London
Wednesday, July 6, 2017
The Philippines government said this week it is trying to repair its damaged mining sector, with officials stating they will review all policies implemented by former environment secretary Regina Lopez, who took a hard-line stance against operations around the country.
Alasdair Macleod: Time for a new gold standard for Asia
Submitted by cpowell on Thu, 2017-07-06 13:18 Section: Daily Dispatches1:21p ET Thursday, July 6, 2017
Dear Friend of GATA and Gold:
Former governor of Reserve Bank of India admits gold bothers central banks
Submitted by cpowell on Thu, 2017-07-06 10:20 Section: Daily DispatchesBut he thinks the monetary metal may supplant "the outdated global financial architecture."
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Government Should Take Steps to Curb Black Market Deals in Gold: Y.V. Reddy
From the Indo-Asian News Service
via The Times of India, Mumbai
Thursday, July 6, 2017
GoldMoney CEO explains the choice gold offers in currencies and payments
Submitted by cpowell on Thu, 2017-07-06 09:58 Section: Daily Dispatches10a ET Thursday, July 6, 2017
Dear Friend of GATA and Gold:
GoldMoney CEO Roy Sebag is interviewed at length in the June edition of the World Gold Council's Gold Investor letter. He explains how gold gives people a choice of currencies and how GoldMoney strives to make that choice a practical one for both saving and payments.
Philippines central bank admits rigging currency market
Submitted by cpowell on Thu, 2017-07-06 07:02 Section: Daily DispatchesFrom ABS-CBN News, Quezon City, Philippines
Thursday, July 6, 2017
http://news.abs-cbn.com/business/07/06/17/central-bank-actively-managing...
MANILA -- The Bangko Sentral ng Pilipinas is "actively managing excessive volatility" in the currency market, Governor Nestor Espenilla said today, as the peso hovered at its weakest level against the dollar in a decade.
S. Africa's ruling party may nationalize central bank but leave it independent
Submitted by cpowell on Wed, 2017-07-05 21:52 Section: Daily DispatchesBy Olebogeng Molatlhwa and Stbongakonke Shoba
The Times, Johannesburg
Wednesday, July 5, 2017
The African National Congress is mulling the idea of nationalising the South African Reserve Bank but says its independence should be guaranteed.
Mike Kosares: Blinded by the money illusion
Submitted by cpowell on Wed, 2017-07-05 13:09 Section: Daily Dispatches1:12p ET Wednesday, July 5, 2017
Dear Friend of GATA and Gold:
Of course this would never happen with gold -- or no one would ever dare to ask
Submitted by cpowell on Tue, 2017-07-04 09:17 Section: Daily DispatchesMetals Trading Has a Paper Fraud Problem
By Mark Burton
Bloomberg News
Monday, July 3, 2017
For all the high-tech wizardry of modern financial markets, there’s one corner of the commodity world that still depends almost entirely on printed paper -- making it an easy target for crooks.