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Daily Dispatches
Don't count on geopolitical tensions to support gold, Lundin cautions
Submitted by cpowell on Tue, 2018-10-23 10:22 Section: Daily Dispatches10:22a ET Tuesday, October 23, 2018
Dear Friend of GATA and Gold:
Interviewed this week by Maurice Jackson for Proven and Probable, Gold Newsletter editor Brien Lundin cautions against counting on geopolitical tensions to support monetary metals prices. Only monetary issues are likely to support monetary metals prices in the long term, Lundin says.
Looks like China will yield to U.S. sanctions on Iran
Submitted by cpowell on Tue, 2018-10-23 09:44 Section: Daily DispatchesExclusive: As U.S. Sanctions Loom, China's Bank of Kunlun to Stop Receiving Iran Payments, Sources Say
By Chen Aizhu and Shu Zhang
Reuters
Tuesday, October 23, 2018
Equity Management Associates: Reversion to mean would send monetary metals soaring
Submitted by cpowell on Sat, 2018-10-20 09:42 Section: Daily Dispatches9:44a ET Saturday, October 20, 2018
Dear Friend of GATA and Gold:
Our friend Lawrence Lepard, managing partner of Equity Management Associates in Wellesley, Massachusetts, whose investments have been concentrated in the monetary metals mining industry, has just sent a letter to his investors outlining the case for an upward reversal in the industry's fortunes.
With gold rallying, you'll want to be at the New Orleans Investment Conference
Submitted by cpowell on Fri, 2018-10-19 10:49 Section: Daily DispatchesBy Brien Lundin
Editor, Gold Newsletter
and CEO, New Orleans Investment Conference
Friday, October 19, 2018
Zero Hedge: Yuan's correlation with gold price suddenly snaps
Submitted by cpowell on Wed, 2018-10-17 21:36 Section: Daily Dispatches9:38p ET Wednesday, October 17, 2018
Dear Friend of GATA and Gold:
Zero Hedge reports tonight that the tight correlation of the valuation of the Chinese yuan and the price of gold, which appears to have begun in February, has suddenly snapped, with the yuan sinking without also taking gold down with it.
... Dispatch continues below ...
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.
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