Daily Dispatches

Low gold price causes Kinross to shelve expansion of African mine

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Kinross Decides Not to Expand Tasiast Gold Mine in Africa

By Nicole Mordant
Reuters
Tuesday, February 10, 2015

VANCOUVER, British Columbia, Canada -- Kinross Gold Corp. will not go ahead with a $1.6 billion expansion of its Tasiast mine in Africa's northwest because of the weak gold price, the Toronto-based miner said today as it reported an unexpected fourth-quarter loss.

Patrick Heller: Gold wins 15-year asset race

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8:20p ET Tuesday, February 10, 2015

Dear Friend of GATA and Gold:

Grant Williams' new project, 'Real Vision,' has gold focus and more

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3:28p ET Tuesday, February 10, 2015

Dear Friend of GATA and Gold:

Ronan Manly: Coin bars, 'melts,' and the Bundesbank

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1:15p ET Tuesday, February 10, 2015

Dear Friend of GATA and Gold:

Koos Jansen: U.S. gold reserve audits weren't serious

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10:25p ET Monday, February 9, 2015

Dear Friend of GATA and Gold:

Bullion Star market analyst and GATA consultant Koos Jansen today begins examining what have been called audits of the U.S. gold reserve and discovers that they really were not serious audits at all. Jansen's analysis is headlined "Second Thoughts on U.S. Official Gold Reserves Audits" and it's posted at Bullion Star here:

New York Sun: Return of the drachma?

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From the New York Sun
Monday, February 9, 2015

A Greek exit from the euro is looking more likely to the economist David Malpass, according to the latest cable from the sage of Encima Global. ...

We can't wait. ...

Greece may present us for the first time since the introduction of the euro a crisis of legal tender. ...

U.S. intervention is alienating Western Europe, Faber tells KWN

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1p ET Monday, February 9, 2015

Dear Friend of GATA and Gold:

Financial letter writer Marc Faber today tells King World News that much of the world is tiring of U.S. government intervention all over the place and that it may drive Western Europe out of NATO and into alliance with Russia. An excerpt from the interview is posted at the KWN blog here:

Greek investors buying more gold coins from U.K. Royal Mint

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By Eddie Van Der Walt
Bloomberg News
Monday, February 9, 2015

LONDON -- Greek demand for gold coins is rising as investors search for a safe haven from the country's political turmoil, according to the U.K. Royal Mint.

TF Metals Report: Banks on the run

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11a ET Monday, February 9, 2015

Dear Friend of GATA and Gold:

U.S. scrutiny of Barclays and UBS widens forex trading probe

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Caroline and Gina Chon
Financial Times, London
Sunday, February 8, 2015

The U.S. Department of Justice is scrutinising currency-linked investments marketed by Barclays and UBS in an indication that the sprawling global probe into the foreign exchange market may become more troubling for banks.

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