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Daily Dispatches
China's Zijin buys Freeport's copper-gold assets in Serbia for up to $390 million
Submitted by cpowell on Mon, 2019-11-04 05:38 Section: Daily DispatchesBy Tom Daly
Reuters
Monday, November 4, 2019
BEIJING -- Zijin Mining one of China's biggest gold producers, said today it would buy partner Freeport McMoran Inc.'s copper-gold assets in Serbia for up to $390 million, substantially boosting its resources of both metals.
GATA Chairman Murphy at New Orleans conference: Gold cartel is in trouble
Submitted by cpowell on Sun, 2019-11-03 12:58 Section: Daily Dispatches12:03a ET Sunday, November 3, 2019
Dear Friend of GATA and Gold:
Alasdair Macleod: The monetary lessons of Germany
Submitted by cpowell on Thu, 2019-10-31 19:16 Section: Daily Dispatches6:15p CT Thursday, October 31, 2019
Dear Friend of GATA and Gold:
A credit crisis is developing and it probably will devastate currencies, GoldMoney research director Alasdair Macleod writes today.
Negative interest rates are essential for Swiss economy, nation's central banker says
Submitted by cpowell on Thu, 2019-10-31 17:45 Section: Daily DispatchesBy Sam Jones
Financial Times, London
Thursday, October 31, 2019
Negative interest rates are "essential" for the Swiss economy and will not be reversed without a significant change in global economic conditions, Thomas Jordan, head of the Swiss National Bank, warned today.
Derivatives' danger may have gotten too big for central banks, Rickards says
Submitted by cpowell on Wed, 2019-10-30 18:00 Section: Daily Dispatches5p CT Wednesday, October 30, 2019
Dear Friend of GATA and Gold:
For some big-picture financial and geopolitical commentary it might be hard to do better than the interview conducted a few days ago by comedians Konstantin Kisin and Francis Foster with author, economist, consultant, and gold advocate James G. Rickards.
Craig Hemke at Sprott Money: Bullion banks will be painting gold's tape again now
Submitted by cpowell on Tue, 2019-10-29 18:17 Section: Daily Dispatches6:15p ET Tuesday, October 29, 2019
Dear Friend of GATA and Gold:
Ted Butler: The return of the silver whale?
Submitted by cpowell on Mon, 2019-10-28 19:16 Section: Daily Dispatches7:15p ET Monday, October 28, 2019
Dear Friend of GATA and Gold:
Pam and Russ Martens: Fed fears an explosion on Wall Street, and JPM lit the fuse
Submitted by cpowell on Mon, 2019-10-28 11:46 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, October 28, 2019
JPMorgan Chase is the largest bank in the United States, with $1.6 trillion in deposits from more than 5,000 retail bank branches spread across the country. When it withdraws liquidity from the U.S. financial system, that has a reverberating impact.
Russian central bank creating a financial settlements system with China and India
Submitted by cpowell on Mon, 2019-10-28 11:37 Section: Daily DispatchesBy Dmitry Grinkevich and Inna Grigoryeva
Izvestia, Moscow
Monday, October 28, 2019
Russia, China, and India have come up with a way to organize settlements in case of disconnection from the SWIFT system.
India's central bank quashes reports of selling gold reserves
Submitted by cpowell on Sun, 2019-10-27 10:50 Section: Daily DispatchesFrom The Times of India, Mumbai
Sunday, October 27, 2019
MUMBAI -- The Reserve Bank of India today clarified that it had not sold any of its gold reserves and neither done any trading in the metal.
The central bank's announcement, in a series of tweets, came after some reports that the bank has been selling its gold reserves. ...
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