Daily Dispatches

South Korea plans to ban cryptocurrency trading, rattling markets


By Cynthia Kim and Dahee Kim
Thursday, January 11. 2018

SEOUL -- South Korea's government said today it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion.

Goldman says cryptocurrencies may succeed as money in some backward places


By Lily Katz
Bloomberg News
Wednesday, January 10, 2018

Bitcoin may seem like a solution in search of a problem in the United States, where transaction costs are already low and the dollar stable. But in developing countries, digital currencies could succeed as a real form of money, Goldman Sachs Group Inc. says.

Craig Hemke: The three major themes for gold in 2018


12:07p ET Wednesday, January 10, 2018

Dear Friend of GATA and Gold:

Writing for Sprott Money, the TF Metals Report's Craig Hemke offers predictions for the new year, perhaps foremost among them being a quickening of the pace of retreat from the U.S. dollar around the world. Hemke's commentary is headlined "The Three Major Themes for Gold in 2018" and it's posted at Sprott Money here:

South African gold miners near silicosis lawsuit settlement


From Reuters
Wednesday, January 10, 2018

JOHANNESBURG, South Africa -- The class action brought by thousands of mineworkers who contracted lung diseases while working for South African gold miners has been postponed because the parties are close to a settlement, lawyers for the companies said today.

Asian central banks push back, sending dollar bears a warning


By Katherine Greifeld, Robert Fullem, and Liz McCormick
Bloomberg News
Tuesday, January 9, 2018

Dollar bears take heed: Asian central banks may be putting the brakes on the greenback's slide.

Russia-China gold reserves could shake U.S. economic dominance, expert tells RT


From Russia Today, Moscow
Monday, January 8, 2018

The gold accumulated by China and Russia could be seen as part of a strategy to move away from international trade denominated in U.S. dollars, according to Singapore's Bullion Star precious metals expert Ronan Manly.

Join GATA at Singapore conference in March and Hong Kong conference in April


8:40p ET Sunday, January 7, 2018

Dear Friend of GATA and Gold:

Your secretary/treasurer will make presentations again at this year's Mining Investment Asia conference in Singapore, to be held Monday through Wednesday, March 26-28, and the Mines and Money Asia conference in Hong Kong, to be held Tuesday through Friday, April 3-6.

Ed Steer's Gold & Silver Digest: Another unhappy COT report


8p ET Sunday, January 7, 2018

Dear Friend of GATA and Gold:

GATA board member Ed Steer's Gold & Silver Digest letter for Saturday, headlined "Another Unhappy COT Report," is posted in the clear at GoldSeek here:


CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Bombay Stock Exchange plans oil and gold futures


By Ram Sahgal
The Times of India, Mumbai
Friday, January 5, 2018

MUMBAI -- The Bombay Stock Exchange, Asia's oldest bourse, is ready to launch this year a commodities derivatives segment that will include products tied to underlying physical assets such as gold, crude oil, and natural gas.

Eric Sprott: Maybe the whole fraud of the Comex is unwinding


3:12p ET Friday, January 5, 2018

Dear Friend of GATA and Gold:

Weakness in the U.S. dollar is pushing gold and silver up along with commodities generally, mining entrepreneur Eric Sprott tells interviewer Craig Hemke in the weekly wrapup for Sprott Money News.

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