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Daily Dispatches
Russian bank freezes accounts of Venezuela's oil company, source tells Reuters
Submitted by cpowell on Sun, 2019-02-17 10:46 Section: Daily DispatchesBy Tatiana Voronova
Reuters
Sunday, February 17, 2019
MOSCOW -- Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters today.
U.S. grabs stolen Iraqi gold in Syria, according to Syrian government news agency
Submitted by cpowell on Sun, 2019-02-17 10:34 Section: Daily DispatchesDeal Between Washington and Daesh to Smuggle Stolen Gold from Syria
By Hazem Sabbagh
Syrian Arab News Agency, Damascus
Saturday, February 16, 2019
Ted Butler: A new silver issue for the Justice Department
Submitted by cpowell on Sat, 2019-02-16 14:47 Section: Daily Dispatches2:47p ET Saturday, February 16, 2019
Dear Friend of GATA and Gold:
The most recent futures trader positioning report from the U.S. Commodity Futures Trading Commission, silver market analyst Ted Butler writes, raises monopolization and restraint-of-trade issues that should be investigated by the Justice Department.
... Dispatch continues below ...
Venezuela's Guaido asks Citibank to freeze gold swap with Maduro government
Submitted by cpowell on Fri, 2019-02-15 23:29 Section: Daily DispatchesBy Mayela Armas
Reuters
Friday, February 15, 2019
CARACAS, Venezuela -- Advisers to Venezuelan opposition leader Juan Guaido are asking Citibank not to claim gold put up as collateral for a loan to the government of President Nicolas Maduro if his administration does not make payments on time, a lawmaker said today.
Some of the rarest US coins ever found are hitting the market, thanks to shipwreck off North Carolina
Submitted by cpowell on Fri, 2019-02-15 23:21 Section: Daily DispatchesBy Mark Price
Charlotte Observer, Charlotte, North Carolina
Thursday, February 14, 2019
The first 502 gold and silver coins plucked from a shipwreck off North Carolina have been sold to a global coin dealer at a price that "wildly exceeded" the recovery project's expectations.
6,000 miners to lose jobs but South Africa doesn't care about gold price suppression
Submitted by cpowell on Fri, 2019-02-15 01:20 Section: Daily DispatchesSouth Africa's Sibanye Weighs Slashing 6,000 Jobs to Stem Gold Losses
By Henry Sanderson
Financial Times, London
Thursday, February 14, 2019
South African miner Sibanye-Stillwater said it may have to cut nearly 6,000 jobs as part of a restructuring of its gold mines due to ongoing losses.
Yikes! Times ARE changing -- The snots at The Economist pontificate favorably about gold
Submitted by cpowell on Thu, 2019-02-14 20:52 Section: Daily DispatchesCatching the Gold Bug
When Trouble Strikes, Where Should You Hide? The Case for Gold
The Grand Central Theory of Markets
The Buttonwood column
The Economist, London
Thursday, February 14, 2019
https://www.economist.com/finance-and-economics/2019/02/16/when-trouble-...
Imagine you have an assignation in New York.
No inflation? What planet do the government statisticians live on?
Submitted by cpowell on Thu, 2019-02-14 11:22 Section: Daily DispatchesHeadlines Say There's No Inflation, But Look at What's Getting More Expensive
By Yun Li
CNBC, New York
Wednesday, February 13, 2019
U.S. consumer prices were unchanged in January on the headline level, but looking under the hood, some of the most basic consumption including rent, food and medical care are all getting more expensive.
Intercontinental Exchange admits metals market vulnerability to rigging
Submitted by cpowell on Thu, 2019-02-14 11:04 Section: Daily Dispatches'Flash Boys'-Style Speed Bump Planned for Futures Markets
By Nick Baker
Bloomberg News
Wednesday, February 13, 2019
Intercontinental Exchange Inc.'s futures market wants to join the battle against the fastest traders.
USAGold's News & Views finds expectations of gold's breakout year
Submitted by cpowell on Wed, 2019-02-13 20:44 Section: Daily Dispatches8:44p ET Wednesday, February 13, 2019
Dear Friend of GATA and Gold:
USAGold's "News & Views" newsletter for February asks whether 2019 will be gold's "breakout" year and finds a fair number of analysts who indeed expect that it will be. The newsletter is posted in the clear at USAGold here:
http://www.usagold.com/cpmforum/nv1002-feb19/
CHRIS POWELL, Secretary/Treasurer
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