Daily Dispatches

China reports first gold reserve increase in more than two years

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China's Gold Reserves Rise for 1st Time in Over Two Years in December

From Reuters
Monday, January 7, 2019

https://www.reuters.com/article/china-economy-reserves-gold/chinas-gold-...

Ambrose Evans-Pritchard: Bears beware -- The Fed has listened to the primordial scream of world markets

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By Ambrose Evans-Pritchard
The Telegraph, London
Sunday, January 6, 2019

https://www.telegraph.co.uk/business/2019/01/06/bears-beware-fed-has-lis...

The US Federal Reserve has called off the hounds. China has abandoned efforts to purge financial excess, reverting to stimulus on multiple fronts.

Is GATA's challenge to market rigging worth even $5 to you?

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12:58p ET Sunday, January 6, 2019

Dear Friend of GATA and Gold:

GATA knows there's a secret to fundraising: You have to ask.

China has a dangerous dollar debt addiction

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By Christopher Balding
Bloomberg News
Saturday, January 5, 2019

China's foreign debt has been rising rapidly, and that's becoming an increasingly big problem -- for the country and, potentially, the world.

Iran's central bank proposes slashing four zeros from falling currency

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From Reuters
Sunday, January 6, 2019

DUBAI -- Iran's central bank has proposed slashing four zeros from the rial, state news agency IRNA reported today, after the currency plunged in a year marked by an economic crisis fueled by U.S. sanctions.

Barrick Gold veers away from Canadian roots after Randgold acquisition

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By Niall McGee and Rachelle Younglai
The Globe and Mail, Toronto
Thursday, January 3, 2019

https://www.theglobeandmail.com/business/article-barrick-gold-veering-aw...

Gold-rich Zimbabwe can't even cadge a beer anymore

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Anheuser-Busch InBev Zimbabwe Charges Hard Currency to Fight Dollar Shortage

By John Bowker
Bloomberg News
Thursday, January 3, 2019

Delta Corp Ltd., part owned by Anheuser-Busch InBev SA/NV, told Zimbabwean customers it will accept only hard currency for its beverages as local businesses struggle to cope with foreign-exchange shortages.

Forget Fed hikes, as traders now are pricing a cut by April 2020

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By Edward Bolingbroke and Emily Barrett
Bloomberg News
Thursday, January 3, 2019

Bond traders are showing little sign of stepping back from their fight with the Federal Reserve over the path of interest rates and the market is now positioned for cuts on the horizon.

Ambrose Evans-Pritchard: The euro has failed, threatens democracy, and should be abolished

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By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, January 2, 2019

https://www.telegraph.co.uk/business/2019/01/02/euro-has-failed-threaten...

To be charitable, you could say the euro has proved itself merely by surviving until its 20th birthday this January. That is a low bar.

Craig Hemke at Sprott Money: Expectations for gold and silver in 2019

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5:27p ET Wednesday, January 2, 2018

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, argues that economic and political conditions now resemble those of 2010, when gold and silver last enjoyed strong rallies. While bullion banks will keep striving to suppress the monetary metals, Hemke writes, he expects prices to continuing climbing.

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