Daily Dispatches

Desperate Zimbabwe needs only to mine its gold and make its currency convertible

Section:

Shelves Empty as Specter of Hyperinflation Stalks Zimbabwe

By Paul Wallace, Godfrey Marawanyika, and Desmond Kumbuka
Bloomberg News
Friday, October 12, 2018

China suggests that it's done devaluing yuan

Section:

China Echoes IMF Pledges to Avoid Using Currency as Trade War Tool

By David Lawder and Leika Kihara
Reuters
Saturday, October 13, 2018

NUSA DUA, Indonesia -- China's top central banker today pledged to keep the yuan currency's value "broadly stable," a sign that Beijing may be trying to prevent a bruising trade dispute with the United States from spilling over into a currency war.

Battle for big Canadian gold mine flares up anew

Section:

By Gabriel Friedman
National Post, Toronto
Friday, October 12, 2018

Fresh blows landed Friday in the battle for control of Detour Gold Inc. -- which operates one of the largest gold mines in Canada -- with the company's current board and hedge fund Paulson & Co. each accusing the other of rejecting settlement offers.

Chile's environmental court orders Barrick to close Pascua-Lama gold mine

Section:

By Antonio De la Jara
Reuters
Friday, October 12, 2018

https://www.reuters.com/article/us-barrick-gold-chile/chile-environmenta...

Ronan Manly: Skepticism reigns about true state of China's gold reserves

Section:

2:39p ET Friday, October 12, 2018

Dear Friend of GATA and Gold:

Bullion Star gold researcher Ronan Manly today reviews China's practice of acquiring gold reserves surreptitiously and reporting them to the International Monetary Fund only at long intervals.

TF Metals Report's Craig Hemke interviews GATA secretary

Section:

10:31a ET Friday, October 12, 2018

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report interviewed your secretary/treasurer yesterday.

Among the topics:

-- The longstanding central bank policy of restraining the price of gold.

-- GATA's most recent efforts to question U.S. government agencies about surreptitious intervention in markets.

Alasdair Macleod: The credit cycle is on the turn

Section:

12:30p ET Thursday, October 11, 2018

Dear Friend of GATA and Gold:

Signs suggest China may tolerate yuan's weakening past 7 per dollar

Section:

By Emma Dai and Tian Chen
Bloomberg News
Wednesday, October 10, 2018

There are growing signs China's yuan may weaken past 7 per dollar, a key psychological level it hasn't breached in a decade.

Crypto theft hits nearly $1 billion in first nine months, report says

Section:

By Gertrude Chavez-Dreyfuss
Reuters
Wednesday, October 10, 2018

NEW YORK -- Theft of cryptocurrencies through hacking of exchanges and trading platforms soared to $927 million in the first nine months of the year, up nearly 250 percent from the level seen in 2017, according to a report from U.S.-based cyber security firm CipherTrace released today.

USAGold's October letter with market and metal commentary

Section:

9p ET Tuesday, October 9, 2018

Dear Friend of GATA and Gold:

USAGold's October newsletter has been posted, with commentary about fears of a stock market crash, the spurt in sales of U.S. silver eagles, concerns about inflation, Italy's threat to Eurozone unity, China's acquisition of a big mine in Argentina, and more. It's available in the clear at USAGold here:

Syndicate content