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Daily Dispatches

Higher U.S. rates creating carry trade supporting dollar

Section: Daily Dispatches

Watching Global Flows Explains Why the Dollar Won't Be Kept Down

By Liz McCormick
Bloomberg News
Wednesday, March 6, 2019

The dollar's resilience after what some have categorized as the most dovish Federal Reserve turnaround in history comes as little surprise to Exante Data's Jens Nordvig.

Venezuelan opposition asks Citibank to delay gold repurchase

Section: Daily Dispatches

By Mayela Armas
Reuters
Tuesday, March 5, 2019

CARACAS, Venezuela -- Opposition leader Juan Guaido has asked Citibank to delay by 120 days Venezuela's scheduled repurchase of gold that President Nicolas Maduro's government put up as collateral for a loan in 2015, three members of the team advising Guaido said.

Ronan Manly: Romania joins gold repatriation exodus

Section: Daily Dispatches

9:26p ET Tuesday, March 5, 2019

Dear Friend of GATA and Gold:

Bullion Star gold researcher Ronan Manly today examines the effort in Romania's parliament to repatriate the country's gold reserves from the Bank of England and concludes that it opens a new front between democracy and the arrogance and unaccountability of the central bank.

Craig Hemke at Sprott Money: Comex silver 'market' dynamics

Section: Daily Dispatches

5:12p ET Tuesday, March 5, 2019

Dear Friend of GATA and Gold:

JPMorganChase has just flushed the silver futures market again, the TF Metals Report's Craig Hemke writes today at Sprott Money, and now will let the price rise in preparation for another flush. Hemke suggests that there's money to be made following the investment bank's market manipulation.

Justice Department stalls another class action in gold market rigging, this one against JPM

Section: Daily Dispatches

9:47a ET Tuesday, March 5, 2019

Dear Friend of GATA and Gold:

Proceedings in the federal class-action anti-trust lawsuit against JPMorganChase charging the investment bank with manipulating the gold and silver futures markets --

http://www.gata.org/node/18844

Newmont's board rejects Barrick's hostile offer

Section: Daily Dispatches

By Danielle Bochove and Ed Hammond
Bloomberg News
Monday, March 4, 2019

Newmont Mining Corp. rejected Barrick Gold Corp.'s $17.8 billion unsolicited takeover bid, a deal that would've created the world's largest gold producer.

Switzerland's controversial thousand-franc note is getting a new look

Section: Daily Dispatches

By Catherine Bosley
Bloomberg News
Sunday, March 3, 2019

At jeweller Les Millionnaires, tucked away in the historic old town of Zurich, being handed a 1,000-franc bill ($1,002) to settle a purchase is no unusual event.

Fundamentals are meaningless in gold, GATA chairman tells GoldSeek Radio

Section: Daily Dispatches

12:40p ET Sunday, March 4, 2019

Dear Friend of GATA and Gold:

Interviewed by GoldSeek Radio's Chris Waltzek, GATA Chairman Bill Murphy says supply-and-demand fundamentals mean nothing in the gold market compared to the machinations of the gold cartel, but the gold price will fly when the cartel exhausts the metal it needs for price suppression.

Trump says dollar too strong, swipes at Fed for rate hikes

Section: Daily Dispatches

By Alyza Sebenius
Bloomberg News
Saturday, March 2, 2019

President Donald Trump said today that the U.S. dollar is too strong, and took a swipe at Federal Reserve Chairman Jerome Powell as someone who "likes raising interest rates."

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