Daily Dispatches

Reviving South Africa's gold industry means getting mine workers off their knees

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By Kevin Crowley
Bloomberg News
Thursday, March 23, 2017

During his early years as a miner in South Africa, Joas Mahanuque spent six hours a day on his knees drilling for Impala Platinum Holdings Ltd. The dust-filled tunnels half a mile underground were too low for him to stand, and temperatures reached 105 degrees Fahrenheit (40 degrees Celsius).

Ted Butler: Dead men walking?

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11:55p ICT Thursday, March 23, 2017

Dear Friend of GATA and Gold:

UBS charges customers to deposit euros

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... And they say gold doesn't pay interest.

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From the British Broadcasting Corp., London
Wednesday, March 22, 2017

Swiss bank UBS will start charging customers who deposit more than a million euros, as negative interest rates hit banks' profits.

The annual 0.6 percent charge will take affect from May.

Libor mastermind Tom Hayes deserves a lot of company in prison

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By Nick Summers
Bloomberg News
Wednesday, March 22, 2017

Last week's pops in gold and silver herald trend change, Turk tells KWN

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7:47a ICT Tuesday, March 21, 2017

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk tells King World News today why he thinks last week's sharp increases in gold and silver herald a trend change for the monetary metals. Turk's comments are posted at KWN here:

Mark Leibovit of 'Wall Street Raw' interviews GATA Chairman Murphy

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11:21a ICT Monday, March 20, 2017

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy interviewed by Reluctant Preppers

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10:30a ICT Monday, March 20, 2017

Dear Friend of GATA and Gold:

Yellen surprises hedge funds that cut gold wagers before rally

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By Luzi-Ann Javier
Bloomberg News
Sunday, March 19, 2017

Janet Yellen's soothing words on the pace of U.S. interest rate hikes were a day late for hedge funds losing faith in the metal.

Silver seen climbing faster than gold as Yellen wakens bulls

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By Ranjeetha Pakiam
Bloomberg News
Thursday, March 16, 2017

Investors may be better off with silver rather than gold. The Federal Reserve's pledge to stick to its dovish outlook on U.S. monetary policy has fueled a rally in precious metals and silver usually beats its more valuable peer in a rising market.

ICE to launch London gold clearing before banks are ready

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By Peter Hobson and Jan Harvey
Reuters
Wednesday, March 15, 2017

LONDON -- Intercontinental Exchange (ICE) is set to launch clearing for London's benchmark gold price auction before participants are ready as it races to prevent rivals muscling in on the city's $5 trillion-a-year bullion market, market and banking sources said.

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