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Daily Dispatches
The African nation built on gold loses its production crown to a rival
Submitted by cpowell on Sun, 2019-06-09 10:42 Section: Daily DispatchesBy Felix Njini
Bloomberg News
Sunday, June 9, 2019
The country that led global gold production for a century and extracted about half the bullion ever mined is now Africa's second-largest gold producer. Output is shrinking as operators capitulate to stubbornly high costs, regular strikes and the geological challenges of tapping the world's deepest mines.
John Looby: Putting America first may end dollar dominance
Submitted by cpowell on Sat, 2019-06-08 23:14 Section: Daily DispatchesBy John Looby
The Sunday Times, London
Sunday, June 9, 2019
https://www.thetimes.co.uk/edition/ireland/putting-america-first-may-end...
Putin says role of dollar should be reconsidered in world trade
Submitted by cpowell on Sat, 2019-06-08 11:28 Section: Daily DispatchesFrom Agence France-Presse
via The Business Times, Singapore
Friday, June 7, 2019
https://www.businesstimes.com.sg/government-economy/putin-says-role-of-d...
ST. PETERSBURG, Russia -- Russian leader Vladimir Putin on Friday renewed calls to revisit the role of the U.S. dollar in global trade and accused Washington of seeking to dominate the world.
Manipulation is when you stop manipulating, treasury secretary says
Submitted by cpowell on Sat, 2019-06-08 11:09 Section: Daily DispatchesChina Is Letting Value of Yuan Slide to Offset Trade War Tariffs, US Treasury Secretary Steven Mnuchin Says
By Karen Yeung
South China Morning Post, Hong Kong
Saturday, June 8, 2019
Intervention to support your currency isn't manipulation, Treasury secretary says
Submitted by cpowell on Sat, 2019-06-08 10:50 Section: Daily DispatchesIt just feels like manipulation. Are gold investors, mining companies, financial journalists, and "market analysts" getting the point yet? Will they ever ask about it?
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Mnuchin Says FX Tariff Push Isn't Shift to Weak Dollar Policy
By Saleha Mohsin
Bloomberg News
Saturday, June 8, 2019
Russia keen to sell yuan bonds to deepen ties with China and reduce dollar dependence
Submitted by cpowell on Fri, 2019-06-07 21:59 Section: Daily DispatchesBy Amanda Lee
South China Morning Post, Hong Kong
Friday, June 7, 2019
https://www.scmp.com/economy/china-economy/article/3013528/russia-keen-s...
Russia is again exploring selling yuan bonds to deepen its financial market connections with China and to boost trade in yuan and roubles to counter the dominance of the US dollar.
Having broken out in many currencies, gold will break out in dollar too, von Greyerz says
Submitted by cpowell on Fri, 2019-06-07 16:49 Section: Daily Dispatches4:49p ET Friday, June 7, 2019
Dear Friend of GATA and Gold:
Gold, Swiss gold fund manager Egon von Greyerz tells King World News today, already has broken out in many currencies and its breakout in U.S. dollar terms is coming. His comments are headlined "Alert: Greyerz Says We Are Now on the cusp of a Historic Breakout in the Gold Market" and it's posted at KWN here:
Dave Kranzler: Gold, silver, and the mining stocks are showing signs of life
Submitted by cpowell on Fri, 2019-06-07 16:43 Section: Daily Dispatches4:40p ET Friday, June 7, 2019
Dear Friend of GATA and Gold:
Just as the monetary metals and the shares of the companies that mine them are perking up, Dave Kranzler of Investment Research Dynamics writes today, the bullion banks are increasing their naked shorting in the futures market. But he thinks the metals and the shares just might break out over the next few months anyway.
FX market-rigging banks pay more fines, this time to Switzerland
Submitted by cpowell on Fri, 2019-06-07 10:27 Section: Daily DispatchesBy Hugo Miller and Stefania Spezzati
Bloomberg News
Thursday, June 6, 2019
Citigroup and Barclays are among global banks fined a total of 90 million Swiss francs ($91 million) by Switzerland's competition regulator for their roles in colluding on foreign-exchange rates.
Ambrose Evans-Pritchard: Deflation alert in Europe as markets lose faith in 'powerless' ECB
Submitted by cpowell on Thu, 2019-06-06 19:47 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, June 6, 2019
https://www.telegraph.co.uk/business/2019/06/06/deflation-alert-europe-m...
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