Daily Dispatches

Giustra's Hive switches from mining gold to bitcoin, surges six-fold

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By Natalie Obiko Pearson and Brandon Kochkodin
Bloomberg News
Thursday, October 12, 2017

Frank Giustra, the Canadian mining maverick who amassed a fortune building what would become one of the world's largest gold companies, is digging for another kind of gold: cryptocurrencies.

Only central bank intervention keeps gold down, USGlobal's Frank Holmes says

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9:55a ET Thursday, October 12, 2017

Dear Friend of GATA and Gold:

Only intervention by central banks in the gold market is keeping the monetary metal's price down, fund manager Frank Holmes of U.S. Global Investors told Daniela Cambone of Kitco News in an interview yesterday. The interview is five minutes long and can be viewed here:

World is turning its back on the dollar, Saxo Bank FX strategist writes

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Three Reasons the World Could Turn Its Back on the U.S. Dollar

By David Reid
CNBC, New York
Wednesday, October 11, 2017

A combination of geopolitical pressures could spark the end of the U.S. dollar as the world's reserve currency, according to the head of foreign exchange strategy at Saxo Bank.

China will 'compel' Saudis to trade oil in yuan, economist tells CNBC

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China Will 'Compel' Saudi Arabia to Trade Oil in Yuan -- and That's Going to Affect the US Dollar

By Sam Meredith
CNBC, New York
Wednesday, October 11, 2017

China will "compel" Saudi Arabia to trade oil in yuan and, when this happens, the rest of the oil market will follow suit and abandon the U.S. dollar as the world's reserve currency, a leading economist told CNBC on Monday.

LME to expand trading around gold and silver reference prices

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By Jan Harvey and Peter Hobson
Reuters
Tuesday, October 10, 2017

LONDON -- The London Metal Exchange expects three more clearing members to join its precious metals contracts by year-end and is looking to expand trading around its gold and silver reference prices, Chief Executive Matthew Chamberlain told Reuters on Tuesday.

Russian central bank may boost gold trading on Moscow exchange

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Russian Central Bank May Start Buying Gold on Moscow Exchange, Sources Tell Reuters

Elena Fabrichnaya
Reuters
Tuesday, October 10, 2017

MOSCOW -- Russia's central bank may start buying gold for its official reserves on the Moscow Exchange, two people familiar with the matter told Reuters.

Western Australia's Liberal Party to block gold royalty increase

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By Daniel Mercer, Gary Adshead, and Dylan Caporn
The Sunday Times / Perth Now, Perth, Australia
Monday, October 9, 2017

Labor's $392 million gold royalty hike has been killed off, with Liberal MPs voting to block the controversial measure in the Upper House of Parliament.

Bloomberg columnist surprised to discover that gold is really a good hedge

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9:13a ET Tuesday, October 10, 2017

Dear Friend of GATA and Gold:

Dimon called bitcoin a fraud but JPMorgan is quoting prices

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By Matthew Levine
Bloomberg News
Friday, October 6, 2017

JPMorgan Chase & Co.'s chief executive, Jamie Dimon, famously panned bitcoin. But his bank's clients apparently aren't ready to dismiss it as a "fraud."

The questions that deniers of monetary metals market rigging won't answer

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9:27p ET Sunday, October 8, 2017

Dear Friend of GATA and Gold:

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