Daily Dispatches

Mnuchin dims banks' hopes he will allow a proprietary-trading revival

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By Elizabeth Dexheimer
Bloomberg News
Saturday, January 28, 2017

Steven Mnuchin made clear he doesn't want Wall Street banks getting back into the business of making risky market bets with their own capital, after Senate Democrats pushed him to clarify his responses to questions they asked during his confirmation process to be Treasury secretary.

Hollywood takes on Bre-X, but the real story behind 'Gold' is crazier than fiction

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By Tony Seskus and Amanda Stephenson
Calgary Herald
Thursday, January 26, 2017

It's often been said that the story of Calgary's Bre-X Minerals had all the makings of a Hollywood script: gold, love, betrayal, and an enduring mystery.

HFT trading radio towers defeated by local council in UK

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Dover Council Rejects Bid by High-Frequency Trading Firms
to Build Two Radio Masts Taller than the Eiffel Tower

By Rachel Millard
Daily Mail, London
Friday, January 27, 2017

Flash traders have had their bid to build a giant telecoms mast on the Kent coast turned down by councillors.

India mulls reviving colonial-era gold mines with $2 billion in reserves

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By Neha Dasgupta
Reuters
Thursday, January 26, 2017

NEW DELHI -- India is planning to revive a cluster of colonial-era gold mines -- shut for 15 years but with an estimated $2.1 billion worth of deposits left -- as the world's second-largest importer of the metal looks for ways to cut its trade deficit, officials said.

Gold exports to China soar in run-up to year of the rooster

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By Ranjeetha Pakiam and Eddie Van Der Walt
Bloomberg News
Thursday, January 26, 2017

Gold exports to China soared in the run-up to the start of the lunar new year, with volumes increasing in December from major suppliers Switzerland and Hong Kong.

Russia sells giant gold deposit to Polyus-led joint venture

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By Polina Devitt
Reuters
Thursday, January 26, 2017

MOSCOW -- A joint venture between Russia's top gold producer Polyus and state conglomerate Rostec has bought the rights to develop Sukhoi Log, one of the world's largest untapped gold deposits, for 9.4 billion rubles ($158 million).

Physical gold demand slid to 7-year low in 2016, GFMS says

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By Jan Harvey
Reuters
Thursday, January 26, 2017

LONDON -- Physical gold demand fell 20 percent last year to its lowest since 2009, GFMS analysts at Thomson Reuters said in a report today, as a rebound in prices after three straight years of losses blunted appetite for the metal.

New York Sun: The 20,000 Dow

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From the New York Sun
Wednesday, January 25, 2017

GATA chairman notes smashing of gold on eve of options expiration

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8:14p ET Wednesday, January 25, 2017

Dear Friend of GATA and Gold:

Excessive leverage promises disaster for financial system, Embry says

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7:57p ET Wednesday, January 25, 2017

Dear Friend of GATA and Gold:

The world financial system is heading toward disaster because of excessive leverage, Sprott Asset Management's John Embry tells King World News today.

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