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Daily Dispatches
Craig Hemke at Sprott Money: Gold's next target
Submitted by cpowell on Tue, 2019-08-06 16:00 Section: Daily Dispatches4p ET Tuesday, August 6, 2019
Dear Friend of GATA and Gold:
Scientific discovery gives hope for monetary metals derivatives
Submitted by cpowell on Tue, 2019-08-06 08:43 Section: Daily DispatchesGet this right over to the Bank of England.
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World's Thinnest Gold 'Just Two Atoms Thick' Created in Lab
By Sean Keach
The Sun, London
Tuesday, August 6, 2019
Gold that is just two atoms thick has been created in a lab by British scientists.
Negative rates at Swiss banks seem to invite customers to move cash into gold
Submitted by cpowell on Tue, 2019-08-06 08:27 Section: Daily DispatchesUBS' Rich Clients to Feel Negative Rates Pain as Fees Extended
By Patrick Winters
Bloomberg News
Tuesday, August 6, 2019
UBS Group plans to expand a policy of charging rich clients for holding excess cash in their accounts as negative interest rates in Europe are poised to stay.
Soaring Japanese yen spurs speculation about stealth intervention
Submitted by cpowell on Tue, 2019-08-06 08:18 Section: Daily DispatchesBy Leo Lewis
Financial Times, London
Monday, August 5, 2019
The yen's surge beyond a key threshold against the U.S. dollar has sparked speculation among traders in Tokyo that Japan's $1.6 trillion government pension fund could engage in "stealth intervention" to soften the currency over coming weeks.
BRICs bank seeks move away from funding in dollars
Submitted by cpowell on Tue, 2019-08-06 08:10 Section: Daily DispatchesBy Tom Hancock
Financial Times, London
Monday, August 5, 2019
The New Development Bank, a lender owned by Brazil, India, Russia, China, and South Africa, is aiming to almost double its lending this year and shift its loan book away from the U.S. dollar to emphasize lending in local currencies.
Yuan's slide is watershed moment for China
Submitted by cpowell on Tue, 2019-08-06 08:04 Section: Daily DispatchesBy George Magnus
Bloomberg News
Tuesday, August 6, 2019
Trump imposes total U.S. freeze on Venezuelan government assets
Submitted by cpowell on Mon, 2019-08-05 23:16 Section: Daily DispatchesBy Makini Brice, Eric Beech, Matt Spetalnick, and Roberta Rampton
Reuters
Monday, August 5, 2019
WASHINGTON -- President Donald Trump today imposed a freeze on all Venezuelan government assets in the United States, sharply escalating a diplomatic and sanctions drive aimed at removing socialist President Nicolas Maduro from power.
China limits yuan's fall after being labeled currency manipulator
Submitted by cpowell on Mon, 2019-08-05 23:10 Section: Daily DispatchesBy Tian Chen
Bloomberg News
Monday, August 5, 2019
China took steps to slow the yuan's descent as the effects of Monday's tumble continued to weigh on markets.
This year more than ever, gold and silver investors should be in New Orleans
Submitted by cpowell on Mon, 2019-08-05 21:51 Section: Daily Dispatches9:53p ET Monday, August 5, 2019
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and your secretary/treasurer again will be speaking at the New Orleans Investment Conference this year, and in the letter below the conference's organizer, Gold Newsletter Editor Brien Lundin, explains why you should join us there.
Pot calls kettle black as U.S. labels China a currency manipulator
Submitted by cpowell on Mon, 2019-08-05 19:31 Section: Daily DispatchesThe irony here is immense. The U.S. has just denounced China for withdrawing central bank support for its currency and thus letting its currency be valued by the market, while the U.S. government itself secretly trades in the currency and commodity markets and won't come clean about it even when a member of Congress asks:
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