Daily Dispatches

Dollar will stay weak if China has its way, Morgan Stanley says

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By Justina Lee
Bloomberg News
Wednesday, February 7, 2018

As China's currency trades near to its highest level against the greenback since the 2015 devaluation, don't expect the government to engineer a reversal any time soon, according to Morgan Stanley.

U.S. deliberately keeping dollar low, ECB's Nowotny tells newspaper

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From Reuters
Wednesday, February 7, 2018

VIENNA, Austria -- The United States Treasury Department is deliberately putting downward pressure on the dollar, European Central Bank policymaker Ewald Nowotny said in comments published today.

Bears Ears is open for mining but no one bothered to show up

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Why get into a business whose prices are suppressed by surreptitious government intervention in the markets?

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By Joe Deaux
Bloomberg News
Wednesday, February 7, 2018

Early last Friday morning, vast swathes of the red-rock high plateau that surrounds federally protected buttes in southern Utah were officially thrown open to miners.

John Crudele: Washington's 'plunge' team may have halted Dow spiral

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By John Crudele
New York Post
Monday, February 5, 2018

Did Washington save the stock market on Monday?

It may be hard to make the case that anyone or anything helped Wall Street as stocks lost about 4 percent of their value and the Dow Jones industrial average tumbled 1,175 points -- after a 666-point decline on Friday.

Miner Barrick to take $429 million charge at stalled Chilean gold project

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From Reuters
Tuesday, February 6, 2018

Barrick Gold Corp. expects to record a pre-tax charge of around $429 million at its stalled Pascua-Lama project in South America in the fourth quarter due to reclassifying its gold reserves.

China's love affair with gold heats up on property boom riches

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By Ranjeetha Pakiam and Daniela Wei
Bloomberg News
Tuesday, February 6, 2018

China's growing throng of affluent consumers is driving a rebound in demand for gold rings, bracelets, and necklaces as a property boom and high stock market valuations boost wealth in the largest bullion market.

U.S. regulators to back more oversight of virtual currencies

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By Michelle Price and Pete Schroeder
Reuters
Monday, February 5, 2018

WASHINGTON -- Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a congressional hearing on Tuesday.

Mike Kosares: Gold takes center stage in dollar scare

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2:32p ET Monday, February 5, 2018

Dear Friend of GATA and Gold:

The Trump administration, USAGold's Mike Kosares writes today, doesn't want the "strong dollar" policy of previous administrations but a dollar that can be "strategically benign."

Fines against bullion banks for market rigging vindicate GATA, Sprott says

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8:47p ET Sunday, February 4, 2018

Dear Friend of GATA and Gold:

Sudanese pound is on the way to becoming an ounce

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Sudan Central Bank Weakens Bank Trading Exchange Rate to 31.5 Pounds to Dollar

From Reuters
Sunday, February 4, 2018

KHARTOUM, Sudan -- Sudan's central bank said today it had decided to weaken the exchange rate at which banks can trade their scarce supply of dollars to an upper limit of 31.5 Sudanese pounds per U.S. dollar.

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