Daily Dispatches

Scotiabank to scrap half its metals business, sources tell Reuters

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By Peter Hobson
Reuters
Wednesday, June 6, 2018

LONDON -- Canada's Bank of Nova Scotia (Scotiabank) is limiting lending by its ScotiaMocatta metals unit as it embarks on a radical restructuring likely to halve the size of the business, sources familiar with the matter said.

Christopher Belding: China is rigging all currency and asset prices ...

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... and only pretending to have markets.

* * *

China's Not Feeling the Yuan Market Love

The Hand of the Government is the Only Certainty in This Currency Puzzle

By Christopher Balding
Bloomberg News
Tuesday, June 5, 2018

https://www.bloomberg.com/view/articles/2018-06-04/china-s-not-feeling-t...

Nicholas Biezanek: Whatever 'exchange for physicals' do, they're not taking London gold

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10:57p ET Monday, June 4, 2018

Dear Friend of GATA and Gold:

South African market analyst Nicholas Biezanek reports that whatever is represented by the explosive increase in use of the "exchange for physicals" mechanism to settle gold and silver contracts on the New York Commodities Exchange represents, it is not drawing down the inventory of metal vaulted in London.

Member of UK Parliament inquires about gold and silver market rigging

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10:18a ET Monday, June 4, 2018

Dear Friend of GATA and Gold:

A member of the British Parliament, Jeremy Lefroy, wrote last week to the country's treasury department about manipulation of the gold and silver markets.

The exchange was publicized today by Rory Hall of the Daily Coin.

J.P. Koning: Gold and the monetary blockade on Iran

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10:13p ET Sunday, June 3, 2018

Dear Friend of GATA and Gold:

Russia to double gold extraction to become second-biggest producer

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From Russia Today, Moscow
Sunday, June 3, 2018

Major Russian gold mining companies are planning to almost double production. The increase could make Russia the world's second largest producer of the precious metal.

Paulson nears launch of investor alliance to shake up gold sector

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By John Tilak and Nicole Mordant
Reuters
Friday, June 1, 2018

U.S. hedge fund Paulson & Co, led by long-time gold bull John Paulson, is set to name a group of investors that will work together to try to drive changes and better returns from gold mining companies after years of dismal industry performance, according to people familiar with the situation.

Ted Butler: Great frauds require darkness

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4:39p ET Friday, June 1, 2018

Dear Friend of GATA and Gold:

"Great Frauds Require Darkness" is the headline of silver market analyst Ted Butler's latest commentary about silver market manipulation, in which he notes that no one in government authority and no mainstream financial news organization dares to approach the issue. Butler's commentary is posted at 24hGold here --

Chinese company in talks to buy large gold mine in Indonesia

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By Julie Steinberg and P.R. Venkat
The Wall Street Journal
Friday, June 1, 2018

A Chinese mining-exploration company is in advanced discussions to acquire an Indonesian gold and silver mine for around $1.5 billion, according to people familiar with the matter.

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