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Daily Dispatches
Here's another way of getting control of the gold price
Submitted by cpowell on Mon, 2019-02-25 11:18 Section: Daily DispatchesCombine the biggest producers and then undersell the smaller ones so the price of the metal goes down until the smaller producers liquidate at distress prices. Central banks could help finance this by leasing gold cheaply to the conglomerating producer, as they assisted Barrick with its first round of acquisitions, including Homestake Mining in 2002 and Placer Dome in 2006.
To ease acquisition, Barrick moves to change Newmont bylaws
Submitted by cpowell on Sun, 2019-02-24 23:16 Section: Daily DispatchesNewmont Says Barrick Intends to Propose Changes of Newmont By-Laws
By Ismail Shakil
Reuters
Sunday, February 24, 2019
Newmont Mining Corp said today that Barrick Gold Corp. intends to propose lowering the ownership threshold needed to call a meeting of Newmont shareholders.
Citigroup says Venezuela deal covered $1.6 billion in gold
Submitted by cpowell on Sat, 2019-02-23 13:38 Section: Daily DispatchesBy Jennifer Surane and Patricia Laya
Bloomberg News
Friday, February 22, 2019
Citigroup Inc. said it entered into a financing deal with Venezuela's central bank in 2015 essentially using $1.6 billion of gold held at the Bank of England as collateral.
New York Times and central bank won't hear of gold market rigging
Submitted by cpowell on Sat, 2019-02-23 13:05 Section: Daily Dispatches1:20p ET Saturday, February 23, 2019
Dear Friend of GATA and Gold:
From GATA's point of view the problem with mainstream Western news organizations isn't so much "fake news" as suppressed news.
Barrick confirms it's considering bid for Newmont
Submitted by cpowell on Fri, 2019-02-22 10:43 Section: Daily DispatchesBy Ed Hammond, Scott Deveau, Dinesh Nair, and Danielle Bochove
Bloomberg News
Friday, February 22, 2019
Barrick Gold Corp., the world's second-largest gold producer, confirmed today tdhat it has considered a bid for Newmont Mining Corp. as the Canadian mining giant looks for ways to boost production.
Barrick eyes hostile bid for Newmont, Toronto Globe and Mail says
Submitted by cpowell on Fri, 2019-02-22 09:17 Section: Daily DispatchesBy Niall McGee and Rachelle Younglai
The Globe and Mail, Toronto
Thursday, February 21, 2019
Barrick Gold Corp. is mulling a takeover bid for Newmont Mining Corp., a transaction that would represent one of the largest mining deals ever and solidify the Toronto-based company’s position as the world's largest gold producer.
Australia's central bank reports on its gold reserves ...
Submitted by cpowell on Thu, 2019-02-21 23:38 Section: Daily Dispatches... just days after Bullion Star's Ronan Manly questions bank's custody of them:
http://www.gata.org/node/18882
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Australia's Gold ... Safely in the Hands of the Bank of England
By Shane Wright
Sydney Morning Herald, Sydney, Australia
Friday, February 22, 2019
Ted Butler: CFTC and Justice Dept. overlook manipulative short position in silver
Submitted by cpowell on Thu, 2019-02-21 20:27 Section: Daily Dispatches8:28p ET Thursday, February 21, 2019
Dear Friend of GATA and Gold:
At the urging of Jim Cook of Investment Rarities and with the assistance of 24hGold, silver market analyst Ted Butler's most recent proprietary letter has been posted in the clear.
Alasdair Macleod: The return to a gold exchange standard
Submitted by cpowell on Thu, 2019-02-21 16:17 Section: Daily Dispatches4:17p ET Thursday, February 21, 2019
Dear Friend of GATA and Gold:
Citigroup asks Treasury what to do with $1.1 billion Maduro gold deal
Submitted by cpowell on Thu, 2019-02-21 14:21 Section: Daily DispatchesBy Patricia Laya
Bloomberg News
Thursday, February 21, 2019
Citigroup bankers have been holding talks with U.S. Treasury officials to figure out how to handle a gold deal they had arranged with Nicolas Maduro's regime in Venezuela, people familiar with the matter said.
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