Daily Dispatches

Craig Hemke at Sprott Money: The trend away from the dollar accelerates

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5:31p ET Tuesday, August 28, 2018

Dear Friend of GATA and Gold:

The trend away from use of the U.S. dollar as the world reserve currency is accelerating as the United States weaponizes the dollar, Craig Hemke of the TF Metals Report writes at Sprott Money today. He concludes that eventually this will boost gold and silver prices.

Gal Luft: The anti-dollar awakening could be ruder and sooner than most think

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By Gal Luft
CNBC, New York
Monday, August 27, 2018

The United States is waging economic warfare against one tenth of the world's countries with cumulative population of nearly 2 billion people and combined gross domestic product of more than $15 trillion.

EU looking to sidestep U.S. sanctions with payment system plan

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By William Horobin and Birgit Jennen
Bloomberg News
Monday, August 27, 2018

Germany and France said they're working on financing solutions to sidestep U.S. sanctions against countries such as Iran, including a possible role for central banks.

Deutsche Bank merger with Commerzbank considered likely

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Deutsche-Commerzbank Deal Seen as a Question of When, Not If

By Olaf Storbeck
Financial Times, London
Monday, August 27, 2018

FRANKFURT, Germany -- To many observers in Frankfurt a tie-up between Deutsche Bank and Commerzbank is not seen as a question of if, but when. 

China suggests it wants no more devaluation of yuan

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Yuan Hits Four-Week High as China Signals Support, Revives X-Factor for Fixing

From Reuters
Sunday, August 26, 2018

Would Tocqueville's Hathaway risk too much by being honest?

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10:07p Sunday, August 26, 2018

Dear Friend of GATA and Gold:

In response to GATA's August 23 dispatch -- "Tocqueville's Hathaway Marvels at Gold's Depression but Declines to Explain It" --

http://www.gata.org/node/18446

-- a friend who is a fund manager writes:

Tocqueville's Hathaway marvels at gold's depression but declines to explain it

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11:14a ET Thursday, August 23, 2018

Dear Friend of GATA and Gold:

Russian central bank buys more gold in face of tougher sanctions

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By Elizabeth Burden
Bloomberg News
Wednesday, August 22, 2018

Russia added more gold reserves in July than any other month this year as it continues to buy up the metal in the face of U.S. sanctions.

Wall Street doesn't rule out a move by Trump to weaken dollar

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By Katherine Greifield
Bloomberg News
Wednesday, August 22, 2018

The United States of America, a currency manipulator?

It's a label more frequently slapped on developing export economies and one that President Donald Trump took up just this week to browbeat China and Europe in his increasingly pitched trade war.

Bank currency strategists offer 5 ways U.S. could reverse strong dollar trend

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Option 6: Stop shorting gold futures and starting buying real metal instead.

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By Anneken Tappe
MarketWatch, New York
Tuesday, August 21, 2018

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