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Daily Dispatches
China reports a second month of increased gold reserves
Submitted by cpowell on Mon, 2019-02-11 10:21 Section: Daily DispatchesChina Joins Global Central Bank Gold Rush as Its Foreign Exchange Reserves Stabilise
By Zhou Xin and Karen Yeung
South China Morning Post, Hong Kong
Monday, February 11, 2019
Gold will break the Maginot Line soon, von Greyerz tells KWN
Submitted by cpowell on Sun, 2019-02-10 19:16 Section: Daily Dispatches7:15p ET Sunday, February 10, 2019
Dear Friend of GATA and Gold:
Saturday edition of Ed Steer's Gold & Silver Digest letter posted at GoldSeek
Submitted by cpowell on Sun, 2019-02-10 13:17 Section: Daily Dispatches1:17p ET Sunday, February 10, 2019
Dear Friend of GATA and Gold:
The Saturday edition of GATA board member Ed Steer's Gold & Silver Digest letter, headlined "Russia Mulls Eliminating Gold Tax to Boost Investment Demand," has been posted in the clear at GoldSeek here:
http://news.goldseek.com/GoldSeek/1549858942.php
CHRIS POWELL, Secretary/Treasurer
Italy explores bilateral Brexit deal with Britain as its own economic crisis nears danger point
Submitted by cpowell on Sun, 2019-02-10 11:50 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Sunday, February 10, 2019
Italy is drawing up emergency plans to safeguard financial stability and keep trade with the UK flowing even if there is a no-deal Brexit, if necessary through a bilateral deal between Rome and London.
Italy's populist government attacks central bank leaders
Submitted by cpowell on Sun, 2019-02-10 11:41 Section: Daily DispatchesBy Miles Johnson
Financial Times, London
Sunday, February 10, 2019
ROME -- Italy's coalition government slammed the country's central bank leadership and stock market regulator, escalating its attacks on establishment figures ahead of the European parliamentary vote in May.
Thieves mine catalytic converters for metal more valuable than gold
Submitted by cpowell on Sun, 2019-02-10 11:28 Section: Daily DispatchesBy David Hodari
The Wall Street Journal
Sunday, February 10, 2019
Soaring palladium prices are inspiring an unusual band of criminals: catalytic converter thieves.
The exhaust-control devices common in most cars contain the silvery white precious metal, whose prices have climbed more than 50 percent since mid-August. Palladium is now more expensive than gold.
How Venezuela turns its useless bank notes into gold
Submitted by cpowell on Sun, 2019-02-10 11:21 Section: Daily DispatchesBy Corina Pons and Maria Ramirez
Reuters
Sunday, February 10, 2019
EL CALLAO, Venezuela -- Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches.
BIS gold swaps fall in January; data hints at price suppression in 2017
Submitted by cpowell on Sat, 2019-02-09 10:57 Section: Daily DispatchesBy Robert Lambourne
Saturday, February 9, 2019
Federal judge lets traders combine cases accusing JPMorgan of rigging monetary metals markets
Submitted by cpowell on Fri, 2019-02-08 21:42 Section: Daily DispatchesBy Dawn Giel
CNBC, New York
Thursday, February 7, 2019
A group of traders from across the U.S. who allege that JPMorganChase manipulated precious metals markets for years are one step closer to bringing a class-action suit against the nation's largest bank.
Russia may eliminate gold tax to boost investment at dollar's expense
Submitted by cpowell on Fri, 2019-02-08 15:03 Section: Daily DispatchesFrom Russia Today, Moscow
Friday, February 8, 2019
Russia's Finance Ministry told the Izvestia newspaper it is considering complete abolition of value-added tax on gold purchases. This would give Russian savers an option of investing in gold rather than foreign currencies.