Daily Dispatches
Venezuela sells another $570 million in gold despite sanctions
Submitted by cpowell on Fri, 2019-05-17 19:49. Section: Daily DispatchesBy Patricia Laya
Bloomberg News
Friday, May 17, 2019
Venezuela sold about $570 million in gold from central bank reserves over the past two weeks, skirting U.S. Treasury sanctions designed to freeze assets of the Nicolas Maduro administration, according to people with knowledge of the matter.
'Speed bump' coming to gold and silver futures on ICE exchange
Submitted by cpowell on Fri, 2019-05-17 16:29. Section: Daily DispatchesFirst 'Speed Bump' Coming to U.S. Futures Market
By Alexander Osipovich
The Wall Street Journal
Wednesday, May 15, 2019
A futures exchange is set to blunt the advantages of ultrafast traders by imposing a split-second delay on some trades.
Rick Rule's vile demagoguery doesn't address evidence of gold market rigging
Submitted by cpowell on Fri, 2019-05-17 16:06. Section: Daily Dispatches12:11p ET Friday, May 17, 2019
Dear Friend of GATA and Gold:
Rick Rule, president and CEO of Sprott U.S. Holdings, turned up this week in some loathsome demagoguery.
GATA Chairman Murphy interviewed by cryptographic silver money system LODE
Submitted by cpowell on Fri, 2019-05-17 14:26. Section: Daily Dispatches10:26a ET Friday, May 17, 2019
Dear Friend of GATA and Gold:
Interviewed this week by LODE, a company that has developed a cryptographic silver money system, GATA Chairman Bill Murphy briefly reviews the objectives of gold and silver price suppression by governments and central banks. Part I of the interview is five minutes long and can be viewed at YouTube here:
Iamgold explores sale amid gold-sector consolidation
Submitted by cpowell on Fri, 2019-05-17 02:10. Section: Daily DispatchesBy Scott Deveau and Dinesh Nair
Bloomberg News
Thursday, May 16, 2019
Canadian miner Iamgold Corp. is exploring a possible sale of all or part of the company amid a wave of consolidation in the gold sector, according to people familiar with the matter.
Kitco lets Max Keiser mention gold market manipulation
Submitted by cpowell on Thu, 2019-05-16 15:18. Section: Daily Dispatches11:19a ET Thursday, May 16, 2019
Dear Friend of GATA and Gold:
Gold market manipulation makes a surprising appearance at Kitco today as Daniela Cambone interviews financial market commentator Max Keiser about the monetary metal's underperformance. The interview is 11 minutes long and can be viewed at Kitco News here:
Koons' silver Rabbit sets living artist record
Submitted by cpowell on Thu, 2019-05-16 13:39. Section: Daily DispatchesThank God there's no inflation.
* * *
By Katya Kazakina and Allison McCartney
Bloomberg News
Thursday, May 16, 2019
It was another heady auction night in New York.
EU fines Barclays, Citi, JPMorgan, MUFG, and RBS $1.2 billion for FX rigging
Submitted by cpowell on Thu, 2019-05-16 13:20. Section: Daily DispatchesBy Foo Yun Chee
Reuters
Thursday, May 16, 2019
BRUSSELS, Belgium -- The European Union today fined Barclays, Citigroup, JP Morgan, MUFG, and Royal Bank of Scotland a combined 1.07 billion euros ($1.2 billion) for rigging the multi-trillion dollar foreign exchange market.
If they wise up, gold investors can beat price suppression, GATA secretary says
Submitted by cpowell on Wed, 2019-05-15 20:57. Section: Daily Dispatches5:03p ET Wednesday, May 15, 2019
Dear Friend of GATA and Gold:
In the second part of his recent interview with GoldCore's Mark O'Byrne, your secretary/treasurer discusses:
-- The counterintuitive movements in the gold price that are caused by surreptitious government interventions.
-- The silly explanations for these counterintuitive movements that are contrived by market analysts.
Craig Hemke at Sprott Money: Recalling 2010
Submitted by cpowell on Tue, 2019-05-14 20:01. Section: Daily Dispatches4p ET Tuesday, May 14, 2019
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing at Sprott Money today, explains why he is more persuaded that 2019 will follow 2010's pattern of a shakeout in the monetary metals followed by a sharp rally. His analysis is headlined "Recalling 2010" and it's posted at Sprott Money here:
