Daily Dispatches

Goldcorp's Ian Telfer rode the gold highs but exits on a low note

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'Peak gold' makes no difference when the mining industry doesn't mind that there's no 'peak paper.'

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By Gabriel Friedman
National Post, Toronto
Monday, April 8, 2019

After helping to build what was once the most valuable gold mining company in the world, Goldcorp Inc. chairman Ian Telfer is planning to exit on a low-note -- albeit $12 million richer.

West Virginia exempts bullion coins from sales tax

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From Numismatic News, Stevens Point, Wisconsin
Sunday, April 7, 2019

This sounds like a rationale for more gold price suppression by the U.S.

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Fed May Bow to Trump's Call for Rate Cuts If Inflation Softens

By Rich Miller
Bloomberg News
Sunday, April 7, 2019

With his call for lower interest rates, President Donald Trump has weighed into a debate inside the Federal Reserve about what central bankers should do about sub-par inflation. It’s not totally crazy to think he’ll eventually carry the day.

New York Sun: The panic over the Federal Reserve

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From the New York Sun
Sunday, April 7, 2019

China increases pace of announced additions to gold reserve

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China Is on a Big Gold-Buying Spree

By Ranjeetha Pakiam
Bloomberg News
Sunday, April 7, 2019

China is on a bullion-buying spree. The world's second-largest economy expanded its gold reserves for the fourth straight month, adding to optimism that central banks globally will continue to build holdings.

Barrick's deal-making chairman was paid $12.9 million in 2018

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By Anders Melin
Bloomberg News
Friday, April 5, 2019

Barrick Gold Corp. boosted Executive Chairman John Thornton's total compensation last year by 67 percent to $12.9 million, rewarding the former investment banker for the company's performance and his role in the merger with Randgold Resources Ltd.

Trump says Fed should cut rates and stop shrinking balance sheet

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By Margaret Talev and Craig Torres
Bloomberg News
Friday, April 5, 2019

President Donald Trump said today the Federal Reserve should cut interest rates and stop shrinking its balance sheet, maintaining his pressure on the central bank over its monetary policy.

Kranzler and Hemke: How can anyone still deny gold is manipulated?

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4:35p HKT Friday, April 5, 2019

Dear Friend of GATA and Gold:

Saudis consider ditching dollar in oil trading, sources tell Reuters

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By Dmitry Zhdannikov, Rania El Gamal, and Alex Lawler
Reuters
Thursday, April 4, 2019

Saudi Arabia is threatening to sell its oil in currencies other than the U.S. dollar if Congress passes a bill exposing OPEC members to U.S. antitrust lawsuits, three sources familiar with Saudi energy policy said.

Central bank decides Russia needs still more gold after all

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From BNE Intellinews, Berlin
Thursday, April 4, 2019

The Central Bank of Russia is flip-flopping over the need to build up gross international reserves to $500 billion.

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