Daily Dispatches

Erdogan calls on Turks to convert dollars and euros into their own nation's currency

Section:

From Hurriyet Daily News, Istanbul
Saturday, May 26, 2018

ERZURUM, Turkey -- Turkish President Recep Tayyip Erdogan called on Turkey's citizens today to convert their dollar and euro savings into lira, as he sought to bolster the ailing currency which has lost some 20 percent of its value against the U.S. currency this year.

Northern Dynasty sinks along with financing deal with First Quantum

Section:

By Danielle Bochove
Bloomberg News
Friday, May 25, 2018

Northern Dynasty Minerals Ltd. plummeted Friday after the collapse of a pact with First Quantum Minerals Ltd. to finance the controversial Pebble mining project in Alaska.

Turkey's election angst is driving up demand for gold coins

Section:

By Cagan Koc, Rupert Rowling, and Eddie van der Walt
Bloomberg News
Friday, May 25, 2018

With just a month until elections, shopkeepers at Turkey's biggest bazaar say they're seeing a jump in demand for gold coins.

Brandon White: Five developments this week in the transition to a gold-based monetary system

Section:

10:15p ET Friday, May 25, 2018

Dear Friend of GATA and Gold:

In his "This Week in Three Minutes" video commentary, Brandon White of bullion dealer BMG Management Group in Toronto describes five developments in the last week that indicate the world's transition away from a financial system based on the U.S. dollar to a system based in part on gold. White's commentary can be viewed here:

Part 4 from 'American Default': Victory in gold battle saved the New Deal

Section:

1:44p ET Friday, May 25, 2018

Jim Rickards: 'Axis of Gold' readies gold-based payment system to evade U.S. control

Section:

The Axis of Gold Will Drive Gold Higher by the End of 2018

By James G. Rickards
The Daily Reckoning, Baltimore, Maryland
Thursday, May 24, 2018

Part 3 from 'American Default': If gold won't go up, push the dollar down

Section:

8:10p ET Thursday, May 24, 2018

Dear Friend of GATA and Gold:

London Metal Exchange to launch yuan-denominated futures in sign of Chinese currency's growing cachet

Section:

By Enoch Yiu
South China Morning Post, Hong Kong
Monday, May 21, 2018

The London Metal Exchange is planning to introduce yuan-denominated metal products, according its chief executive, a sign the currency’s status in international finance is on the rise.

U.S. launches criminal probe into bitcoin price manipulation

Section:

By Matt Robinson and Tom Schoenberg
Bloomberg News
Thursday, May 24, 2018

The Justice Department has opened a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter.

Maybe the laid-off South African miners can become investment bankers

Section:

Gold Miner AngloGold Ashanti to Cut South Africam Jobs as Costs Rise

By Henry Sanderson
Financial Times, London
Wednesday, May 23, 2018

AngloGold Ashanti, the world's third-largest gold miner, said it will cut almost a third of its workforce in South Africa as it struggles with a strengthening rand and a lacklustre gold price.

Syndicate content