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Daily Dispatches
'Rigged' author Stuart Englert interviewed by Phil Kennedy
Submitted by cpowell on Sat, 2020-05-09 11:44 Section: Daily Dispatches11:46a Saturday, May 9, 2020
Dear Friend of GATA and Gold:
Cash havens with $4.8 trillion fret about the unthinkable: negative returns
Submitted by cpowell on Fri, 2020-05-08 11:05 Section: Daily DispatchesBy Maria Elena Vizcaino, Alex Harris, and Emily Barrett
Bloomberg News
Friday, May 8, 2020
Money-market mutual funds, the ultimate havens for investors looking to preserve capital, once again are trying to maneuver in a zero interest-rate environment. The problem this time? They're sitting on twice as much cash.
China's Shandong Gold to buy Canada's TMAC Resources for $165 million
Submitted by cpowell on Fri, 2020-05-08 10:55 Section: Daily DispatchesBy Tom Daly
Reuters
Friday, May 8, 2020
BEIJING -- Shandong Gold Mining, one of China's biggest gold producers, said today it had entered into an agreement to acquire Toronto-listed TMAC Resources for around C$230 million ($164.89 million).
Alasdair Macleod: Time to learn about money
Submitted by cpowell on Thu, 2020-05-07 15:44 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, May 7, 2020
An unexpected destruction of fiat currency has been advanced by the monetary and fiscal response to the coronavirus. Financial markets have yet to discount the possibility of such an outcome, but in the coming months they are likely to awaken to this danger.
Craig Hemke at Sprott Money: Where have all the Comex specs gone?
Submitted by cpowell on Tue, 2020-05-05 23:34 Section: Daily Dispatches11:34p ET Tuesday, May 5, 2020
Dear Friend of GATA and Gold:
Comex gold and silver open interest is collapsing, especially among speculators, while demands for delivery on Comex contracts are soaring, the TF Metals Report's Craig Hemke writes today at Sprott Money.
Hedge funds bet on gold as refuge from 'unfettered' currency printing
Submitted by cpowell on Mon, 2020-05-04 23:57 Section: Daily DispatchesBy Laurence Fletcher and Henry Sanderson
Financial Times, London
Tuesday, May 5, 2020
Some of the largest hedge funds are raising their bets on gold, forecasting that central banks' unprecedented responses to the coronavirus crisis will lead to devaluations of major currencies.
Swiss gold refineries reopen as virus lockdown eases
Submitted by cpowell on Mon, 2020-05-04 22:33 Section: Daily DispatchesBy Peter Hobson
Reuters
Monday, May 4, 2020
LONDON -- Two of the world's biggest gold refiners, Valcambi and Argor-Heraeus, are restoring almost all operations after Switzerland relaxed coronavirus lockdown measures, they said today.
John Foley: America could actually shirk its debts to China
Submitted by cpowell on Mon, 2020-05-04 22:04 Section: Daily DispatchesBy John Foley
Reuters
Monday, May 4, 2020
NEW YORK -- With all the economic damage China wrought by covering up Covid-19's spread, why should Uncle Sam pay back the $1.1 trillion it owes the People's Republic?
Iran's parliament backs move to remove 4 zeros from its currency
Submitted by cpowell on Mon, 2020-05-04 21:42 Section: Daily DispatchesBy Najmeh Bozorgmehr
Financial Times, London
Monday, May 4, 2020
Iran's parliament has backed government plans to slash four zeros from the country's currency, the rial, which has been battered by a fall in value as a result of US sanctions.
India's gold imports fell by 99.5% in April
Submitted by cpowell on Mon, 2020-05-04 10:20 Section: Daily DispatchesBy Shruti Srivastava and Swansy Afonso
Bloomberg News
Monday, May 4, 2020
India, the world's biggest consumer of gold after China, imported its lowest monthly volumes in at least a decade after curbs to control the coronavirus pandemic grounded air transport and shuttered jewelry stores.
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