Daily Dispatches

After sanctions, Russia becomes fifth biggest gold holder

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By Polina Devitt and Elena Fabrichnaya
Reuters
Friday, January 18, 2019

MOSCOW -- Russia has overtaken China to become the world's fifth largest official-sector holder of gold as Western sanctions drove buying by its central bank to record highs in 2018, its data showed on Friday.

Alasdair Macleod: Crypto credibility

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1:29p ET Friday, January 18, 2019

Dear Friend of GATA and Gold:

Wyoming legislators see gold, silver reducing risk in state investments

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By JP Cortez
Sound Money Defense League, Eagle, Idaho
Thursday, January 17, 2019

CHEYENNE, Wyoming -- A group of Wyoming legislators this week introduced three bills to de-risk the state’s financial holdings with modest allocations to physical gold and silver in the state's pension fund, reserve fund, and mineral trust fund.

J.P. Koning: How California stayed with gold when the rest of the U.S. adopted fiat money

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9:15p ET Wednesday, January 16, 2019

Dear Friend of GATA and Gold:

Newmont CEO is unenthusiastic about prospects for gold price

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He sounds content with central bank intervention against monetary metal.

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Newmont Mining CEO Says Goldcorp Deal is Designed to 'Survive' a Drop in Gold Price

By Tom DiChristopher
CNBC, New York
Wednesday, January 16, 2019

Newmont Mining's $10 billion purchase of Goldcorp does not mean the metals miner is making a bullish call on gold, according to CEO Gary Goldberg.

Wary investors drawn to gold's allure

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By Henry Sanderson and Neil Hume
Financial Times, London
Monday, January 15, 2019

If gold is anything to go by, investors are increasingly anxious about the state of the world.

Volatile equity markets and fears of a global economic slowdown have helped gold rally 10 per cent from its August lows, putting it among the best performing metals over that period.

Craig Hemke at Sprott Money: 2019 price forecast for gold and silver

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2p ET Tuesday, January 15, 2019

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing at Sprott Money, today details why 2019 should be a strong year for the monetary metals, even as the bullion banks will retard all rallies to keep gold and silver under control. Hemke's analysis is headlined "Gold and Silver 2019 Price Forecast" and it's posted at Sprott Money here:

Turkey set to refine more Venezuelan gold as Maduro sends committee

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From Ahval, Berlin, Germany
Monday, January 14, 2019

A committee from Venezuela is set to arrive in Turkey to discuss a gold-refining deal between Ankara and Caracas, pro-government Yeni Safak daily reported.

Russia plans to tackle U.S. sanctions with bitcoin, Kremlin economist says

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By Hasan Chowdhury
The Telegraph, London
Monday, January 14, 2019

Russia is preparing an investment in bitcoin to replace the US dollar as a reserve currency in a bid to tackle US sanctions, according to a Russian economist with close ties to the Kremlin.

Newmont to become largest gold producer with $10 billion purchase of Goldcorp

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By John Benny
Reuters
Monday, January 14, 2019

Newmont Mining Corp said today it would buy smaller rival Goldcorp Inc. in a deal worth $10 billion, creating the world's biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal.

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