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Daily Dispatches
USAGold's 'News & Views': Hedging the decline and fall of a currency
Submitted by cpowell on Sun, 2020-03-08 19:50 Section: Daily Dispatches7:52p ET Sunday, March 8, 2020
Dear Friend of GATA and Gold:
USAGold's newsletter, "News & Views," has a special edition today taking as its subject a new novel, "The Burning Stone" by Jack Whyte, which makes a point about the constant debasement of government currencies, viewed from the time of the Roman occupation of Britain.
Saudi Arabia launches oil price war after Russia deal collapse
Submitted by cpowell on Sun, 2020-03-08 12:39 Section: Daily DispatchesBy Anjli Raval, David Sheppard, and Derek Brower
Financial Times, London
Sunday, March 8, 2020
Saudi Arabia has launched an aggressive oil price war targeting its biggest rivals after Russia refused to join production cuts with OPEC, in a move that threatens to swamp the crude market with supplies just as the coronavirus outbreak hits demand.
... Dispatch continues below ...
How a fault that stretches from the Yukon to interior Alaska slides Canadian gold into the state
Submitted by cpowell on Sat, 2020-03-07 22:23 Section: Daily DispatchesBy Ned Rozell
Anchorage Daily News
Saturday, March 7, 2020
Nate Becker lives with his family on a quiet stretch of the Yukon River as it flows into Alaska. On a recent ski trip, I visited the Beckers' home along with two geologist friends. Nate had a question for them.
Lebanon to default on dollar-denominated debt
Submitted by cpowell on Sat, 2020-03-07 19:49 Section: Daily DispatchesAvantika Chilkoti
The Wall Street Journal
Saturday, March 7, 2020
Lebanon said it would default on its dollar-denominated debt, intensifying the Middle Eastern state’s financial turmoil and setting up a possibly messy negotiation with foreign investors.
Alasdair Macleod: Will Brexit and coronavirus end the EU?
Submitted by cpowell on Sat, 2020-03-07 11:18 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, March 5, 2020
Daily Reckoning's Brian Maher: Did the Fed bail out the market Friday?
Submitted by cpowell on Sat, 2020-03-07 10:59 Section: Daily DispatchesBy Brian Maher
The Daily Reckoning, Baltimore
Friday, March 6, 2020
This Tuesday we vented the theory that the Federal Reserve has been sneakily -- and illegally -- purchasing stocks.
Citing Graham Summers, senior market strategist at Phoenix Capital Research:
All dips are bought as gold cartel blows up, GATA chairman tells Reluctant Preppers
Submitted by cpowell on Sat, 2020-03-07 10:16 Section: Daily Dispatches10:18a ET Saturday, March 7, 2020
Dear Friend of GATA and Gold:
'Spread the word!' Zambia buys artisanal gold to formalize wildcat mining
Submitted by cpowell on Fri, 2020-03-06 14:44 Section: Daily DispatchesBy Chris Mfula
Reuters
Friday, March 6, 2020
LUSAKA, Zambia -- Zambia's mining investment arm ZCCM-IH has started buying gold from artisanal and small-scale miners in a bid to formalise the unregulated sector whose ranks have swelled worldwide as gold prices soar, the agency said today.
Asian mining conferences postponed indefinitely
Submitted by cpowell on Fri, 2020-03-06 13:13 Section: Daily Dispatches1:15p ET Friday, March 6, 2020
Dear Friend of GATA and Gold:
As gold prices gather momentum, scammers seek to capitalize
Submitted by cpowell on Fri, 2020-03-06 13:03 Section: Daily DispatchesBy Elliot Smith
CNBC, New York
Friday, March 6, 2020
The price of gold spiked again this week as investors sought surety amid concerns over the coronavirus outbreak, but scammers are also capitalizing on the surge.
The precious metal was trading at just below $1,670 today, having a few weeks ago surpassed $1,688.60 to hit its highest level since the start of 2013.
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