Daily Dispatches

Hong Kong to help Myanmar set up a gold exchange

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By Enouch Yiu
South China Morning Post, Hong Kong
Sunday, April 9, 2017

The operator of Hong Kong’s gold exchange is in talks to help the government of Myanmar establish a bourse in the country for trading the precious metal, according to Haywood Cheung Tak-hay, president of the Chinese Gold & Silver Exchange Society.

India's gold imports fall over 10 months but may be rebounding

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By the Press Trust of India
via The Times of India, Mumbai
Sunday, April 9, 2017

NEW DELHI -- India's gold imports witnessed a fall of about 24 percent to $23.22 billion in April-February period of the last fiscal year, which is expected to keep a lid on the current account deficit.

Total imports of the precious metal in the corresponding period of 2015-16 stood at $30.71 billion.

Lawrie Williams: China may have suspended gold reserve reporting

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11:48a AKT Sunday, April 9, 2017

Dear Friend of GATA and Gold:

Writing for Sharps Pixley, gold market analyst Lawrie Williams suspects that China has resumed concealing its gold purchases for long periods, withholding announcements until they are politically expedient:

Ed Steer: The powers-that-be were everywhere on Friday

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11:31p JST Sunday, April 9, 2017

Dear Friend of GATA and Gold:

Dubai exchange may launch gold contract for retail investors

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From Reuters
Saturday, April 8, 2017

The Dubai Gold and Commodities Exchange said today it was considering whether to launch a new spot gold contract designed to be used by retail investors and traders.

'This is the business we've chosen'

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5:17p HKT Saturday, April 8, 2017

Dear Friend of GATA and Gold:

Our friend E.S. writes:

"I thought your recent address to the two Asian mining conferences --

http://www.gata.org/node/17296

-- was unbeatable as a summary of what has happened and where we stand with respect to the gold issue.

Chris Powell: Why invest in gold miners if they won't defend themselves?

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Gold Market Manipulation Update

Remarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.

Mining Investment Asia Conference, Singapore
Thursday, March 30, 2017

Mines and Money Asia Conference, Hong Kong
Friday, April 7, 2017

Keith Barron of Fruta del Norte fame is back in Ecuador, and this is what he's up to

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By Charlotte McLeod
Gold Investing News, Vancouver, British Columbia, Canada
Tuesday, April 4, 2017

Exploration geologist Keith Barron is best known for discovering the colossal Fruta del Norte gold deposit in Ecuador, but if his new venture is successful he may soon have another claim to fame.

Free banking could disappear if global interest rates stay low, IMF warns

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By Szu Ping Chan
The Telegraph, London
Thursday, April 6, 2017

Households face the end of free banking if the low-growth, low-interest rate environment persists, according to the International Monetary Fund.

The IMF said weak growth combined with ageing populations meant financial institutions around the world would be forced to overhaul their business models to adapt to a new normal.

China's Shandong Gold in $960 million deal for half of Barrick's Veladero mine

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By Adam Jourdan
Reuters
Thursday, April 6, 2017

China's Shandong Gold Mining Co. Ltd. will pay $960 million for a 50 percent stake in Barrick Gold Corp.'s Veladero gold mine in Argentina, the Canadian miner said in a press release today.

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