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Daily Dispatches
Higher U.S. rates creating carry trade supporting dollar
Submitted by cpowell on Wed, 2019-03-06 10:37 Section: Daily DispatchesWatching 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
Submitted by cpowell on Wed, 2019-03-06 09:48 Section: Daily DispatchesBy 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
Submitted by cpowell on Tue, 2019-03-05 21:25 Section: Daily Dispatches9:26p 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
Submitted by cpowell on Tue, 2019-03-05 17:12 Section: Daily Dispatches5:12p 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
Submitted by cpowell on Tue, 2019-03-05 09:40 Section: Daily Dispatches9:47a 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 --
Newmont's board rejects Barrick's hostile offer
Submitted by cpowell on Mon, 2019-03-04 09:58 Section: Daily DispatchesBy 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
Submitted by cpowell on Sun, 2019-03-03 11:30 Section: Daily DispatchesBy 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
Submitted by cpowell on Sun, 2019-03-03 00:41 Section: Daily Dispatches12:40p 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
Submitted by cpowell on Sat, 2019-03-02 21:56 Section: Daily DispatchesBy 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."
Hugo Salinas Price: The gold gambling casino
Submitted by cpowell on Sat, 2019-03-02 10:59 Section: Daily Dispatches11a ET Saturday, March 2, 2019
Dear Friend of GATA and Gold:
Hugo Salinas Price, president of the Mexican Civic Association for Silver, writes this week that governments manipulate the gold market so much that speculators are unlikely ever to make a profit from buying and selling assets that constitute only "paper" gold.
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