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Daily Dispatches
Ex-Deutsche Bank traders guilty in U.S. Libor-rigging trial
Submitted by cpowell on Wed, 2018-10-17 15:38 Section: Daily DispatchesBy Chris Dolmetsch
Bloomberg News
Wednesday, October 17, 2018
Two former traders at Deutsche Bank AG were convicted today by a New York jury of conspiring to rig Libor, a key interest-rate benchmark, handing a victory to U.S. prosecutors targeting behavior by individuals at financial institutions that have paid billions of dollars to settle government claims.
Hungary boosts gold reserves 10-fold, citing safety concerns
Submitted by cpowell on Tue, 2018-10-16 20:59 Section: Daily DispatchesBy Marton Eder and Nicholas Larkin
Bloomberg News
Tuesday, October 16, 2018
Hungary's central bank increased its gold reserves 10-fold, citing the need to improve its holdings' safety, joining regional peers with relatively high ownership in the European Union's east.
Craig Hemke at Sprott Money: Golden implications of total U.S. deficits, debt, and debt service
Submitted by cpowell on Tue, 2018-10-16 20:54 Section: Daily Dispatches8:54p ET Tuesday, October 16, 2018
Dear Friend of GATA and Gold:
Writing at Sprott Money tonight, the TF Metals Report's Craig Hemke explains how the U.S. government's budget deficit is far greater than generally understood. Hemke adds that if the price of gold returns to its normal relationship with total U.S. government debt, the price will be far higher than it is today.
Ronan Manly: Hungary announces 10-fold increase in gold reserves
Submitted by cpowell on Tue, 2018-10-16 12:19 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Tuesday, October 16, 2018
In one of the most profound developments in the central bank gold market for a long time, the Hungarian National Bank, Hungary's central bank, has just announced a 10-fold jump in its monetary gold holdings.
Goldman Sachs' seedy underbelly exposed in shocking tapes
Submitted by cpowell on Mon, 2018-10-15 09:31 Section: Daily DispatchesBy Kevin Dugan
New York Post
Thursday, October 11, 2018
Fresh dirt has spilled at Goldman Sachs -- and this time it has been caught on tape.
Crypto markets roiled as traders question Tether's dollar peg
Submitted by cpowell on Mon, 2018-10-15 09:12 Section: Daily DispatchesBy Andrea Tan, Eric Lam, and Benjamin Robertson
Bloomberg News
Monday, October 15, 2018
A sudden exodus from the most popular dollar-linked cryptocurrency rippled through digital asset markets on Monday, saddling some investors with losses while propelling Bitcoin to its biggest gain in more than three weeks.
Join GATA in New Orleans in November and you can't lose
Submitted by cpowell on Sun, 2018-10-14 10:45 Section: Daily Dispatches10:45a ET Sunday, October 14, 2018
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and your secretary/treasurer will be speaking again this year at the New Orleans Investment Conference, and if you register to attend the conference through GATA, the conference will generously pay us a commission that will help keep the organization going.
Desperate Zimbabwe needs only to mine its gold and make its currency convertible
Submitted by cpowell on Sat, 2018-10-13 19:57 Section: Daily DispatchesShelves Empty as Specter of Hyperinflation Stalks Zimbabwe
By Paul Wallace, Godfrey Marawanyika, and Desmond Kumbuka
Bloomberg News
Friday, October 12, 2018
China suggests that it's done devaluing yuan
Submitted by cpowell on Sat, 2018-10-13 09:47 Section: Daily DispatchesChina Echoes IMF Pledges to Avoid Using Currency as Trade War Tool
By David Lawder and Leika Kihara
Reuters
Saturday, October 13, 2018
NUSA DUA, Indonesia -- China's top central banker today pledged to keep the yuan currency's value "broadly stable," a sign that Beijing may be trying to prevent a bruising trade dispute with the United States from spilling over into a currency war.
Battle for big Canadian gold mine flares up anew
Submitted by cpowell on Sat, 2018-10-13 09:38 Section: Daily DispatchesBy Gabriel Friedman
National Post, Toronto
Friday, October 12, 2018
Fresh blows landed Friday in the battle for control of Detour Gold Inc. -- which operates one of the largest gold mines in Canada -- with the company's current board and hedge fund Paulson & Co. each accusing the other of rejecting settlement offers.
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