Daily Dispatches

Power outages make dollar supreme in Venezuela

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Venezuela's U.S.Invasion: The Dollar Takes Hold

From Agence France-Presse
via France24, Paris
Wednesday, March 13, 2019

https://www.france24.com/en/20190313-venezuelas-us-invasion-dollar-takes...

USAGold's News & Views letter for March

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4:46a TT, Wednesday, March 13, 2019

Dear Friend of GATA and Gold:

USAGold's News & Views letter for March contrasts gold's relative steadiness against the electronic trading that has devoured most other markets. The letter also comments on the implications of the return of "quantitative easing." It's in the clear at USAGold here:

http://www.usagold.com/cpmforum/news-views-march19/

Steve Forbes: Sales of gold and silver coins should not be taxed

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By Steve Forbes
Forbes.com, New York
Tuesday, March 12, 2019

When you exchange a 20-dollar bill for two 10-dollar bills, you don't pay sales tax on the transaction, even though, theoretically, you are "buying" the tens. The notion is preposterous.

Ed Steer's Gold & Silver Digest letter posted in the clear at GoldSeek

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7:30p ET Monday, March 11, 2019

Dear Friend of GATA and Gold:

GATA board member Ed Steer's Gold & Silver Digest letter for Saturday, headlined "Gold Stopped Cold at $1,300 Spot on Friday," has been posted in the clear at GoldSeek here:

http://news.goldseek.com/GoldSeek/1552342271.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


Craig Hemke at Sprott Money: Did BIS swap gold out of GLD for recent price smash?

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5:21p ET Monday, March 11, 2019

Dear Friend of GATA and Gold:

Barrick ends hostile bid for Newmont but gets Nevada joint venture

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By Danielle Bochove
Bloomberg News
Monday, March 11, 2019

Barrick Gold Corp. may have withdrawn its pursuit of rival Newmont Mining Corp., but the hostile-takeover bid did yield a big prize: Control over the largest single gold-mining operation in the world.

Fed chairman says Trump can't fire him

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By Jeff Cox
CNBC, New York
Sunday, March 10, 2019

Federal Reserve Chairman Jerome Powell said in an interview aired today that he does not think he can be fired by President Donald Trump.

While continuing to avoid direct comment on the president's withering criticism of central bank interest rate policy, Powell told "60 Minutes" that Trump can't remove him from office.

Dave Kranzler: Does Barrick's bid for Newmont signal 'peak gold'?

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9:10p ET Sunday, March 10, 2019

Dear Friend of GATA and Gold:

Barrick Gold's bid to acquire Newmont Mining, Dave Kranzler of Investment Research Dynamics in Denver writes today, likely signals "peak gold" -- a belief that few if any major gold deposits will be found and that acquiring another big gold-mining company is the only way for Barrick to avert resource depletion.

West Virginia legislature votes to end sales taxation on gold and silver

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From Money Metals News Service, Eagle, Idaho
Friday, March 8, 2019

CHARLESTON, West Virginia -- Sound-money advocates rejoiced today as the West Virginia legislature overwhelmingly passed Senate Bill 502 and sent it to Gov. Jim Justice for his signature.

China will not devalue to spur exports, central bank chief says

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From Agence France-Press, Paris
via Yahoo News
Sunday, March 9, 2019

China has gone to great lengths to support its currency and would not devalue the renminbi to spur exports or combat trade frictions, the governor of the central bank said today.

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