Daily Dispatches

Grant Williams sees oil pricing transitioning to the yuan and gold

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10:36p ET Thursday, February 9, 2017

Dear Friend of GATA and Gold:

Market analyst Grant Williams' presentation at the Mines and Money conference in London in November, posted in the clear at Zero Hedge tonight, sees the end of the petrodollar system and its gradual replacement, already underway, with a Chinese yuan convertible into gold, transferring the gold pricing system to Asia:

Germany brings its gold stash home sooner than planned

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By Andreas Framke
Reuters
Thursday, February 9, 2017

FRANKFURT, Germany -- Germany's central bank is bringing home gold reserves stored in places like New York and Paris faster than planned, it said today, as confidence in the euro ebbs even in the heart of the currency bloc after a decade of a sluggish economy.

Druckenmiller buys gold after reversing November stance

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By Katherine Burton and Katia Porzecanski
Bloomberg News
Wednesday, Febrary 8, 2017

Stan Druckenmiller, the billionaire investor with one of the best long-term track records in money management, said he bought gold in late December and January, reversing the sale he made after the U.S. presidential election.

'The whole world is buying gold here,' Eric Sprott tells King World News

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2:55p ET Wednesday, February 8, 2017

Dear Friend of GATA and Gold:

Gold miners burned by bad deals are again rushing to M&A

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By Kevin Crowley
Bloomberg News
Tuesday, February 7, 2017

It's been a dirty word in the gold-mining industry for the last three years, but now companies can't stop saying it: growth.

Ronan Manly: New gold futures contracts in London are open but no one trades them

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8:30p ET Tuesday, February 7, 2017

Dear Friend of GATA and Gold:

U.S. government has only itself to blame for dollar strength, Bundesbank chief says

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By Andreas Framke and Frank Siebelt
Reuters
Tuesday, February 7, 2017

MAINZ, Germany -- The U.S. administration should blame itself rather than Germany for a recent strengthening of the dollar against the euro, the head of Germany's Bundesbank said on Tuesday.

Short selling of silver astounds Sprott's Embry in KWN interview

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2:13p ET Tuesday, February 7, 2017

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry, interviewed today by King World News, explains why he is astounded at the short-selling of silver, which he considers the most undervalued asset in the world. The interview is excerpted at KWN here:

Deutsche Bank purchases ads to apologize for 'serious errors'

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By Tino Andresen
Bloomberg News
Sunday, February 5, 2017

Deutsche Bank AG bought full-page ads in all major German newspapers over the weekend to apologize for "serious errors" after two years of losses that cost the lender billions of euros.

China stocked up on Swiss gold as turbulent year came to a close

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By Wendy Wu
South China Morning Post, Hong Kong
Sunday, February 5, 2017

http://www.scmp.com/news/china/economy/article/2068101/china-stocked-swi...

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