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Daily Dispatches

Ronan Manly: Bullion banks line up in London to support LME's gold futures

Section: Daily Dispatches

By 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.

The government just killed the mining sector in this critical gold nation

Section: Daily Dispatches

By 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

Section: Daily Dispatches

1:21p ET Thursday, July 6, 2017

Dear Friend of GATA and Gold:

Former governor of Reserve Bank of India admits gold bothers central banks

Section: Daily Dispatches

But he thinks the monetary metal may supplant "the outdated global financial architecture."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

Section: Daily Dispatches

10a 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

Section: Daily Dispatches

From 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

1:12p 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

Section: Daily Dispatches

Metals 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.

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