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Daily Dispatches
Race for sunk Russian warship's '5,500 boxes of gold'
Submitted by cpowell on Wed, 2018-07-18 09:49 Section: Daily DispatchesFrom the South China Morning Post, Hong Kong
Wednesday, July 18, 2018
Divers off the South Korean island of Ulleungdo have discovered the fabled wreck of the Dmitrii Donskoi, a Russian warship that was sunk in 1905 and is rumoured to still contain 5,500 boxes of gold bars and coins said to be worth US$133 billion.
Russia again dumps U.S. Treasuries amid sanctions
Submitted by cpowell on Wed, 2018-07-18 09:41 Section: Daily DispatchesForeigners Buy U.S. Treasuries in May; Russia Drops Out of List, Data Shows
By Gertrude Chavez-Dreyfuss and Richard Leong
Reuters
Tuesday, July 17, 2018
NEW YORK -- Foreigners bought U.S. Treasuries in May, led by private investors, data from the Treasury Department showed on Tuesday, in a safety bid amid geopolitical tensions linked to trade and Italy-related turmoil.
Craig Hemke at Sprott Money: India vs. Comex silver
Submitted by cpowell on Tue, 2018-07-17 19:57 Section: Daily Dispatches7:58p ET Tuesday, July 17, 2018
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing at Sprott Money, reports tonight that in recent months India's demand for silver has been running at record levels. But Hemke adds that paper silver traded on the New York Commodities Exchange trades every two days more silver than the world produces in a year.
David Brady at Sprott Money: China robs Comex of control of gold price
Submitted by cpowell on Fri, 2018-07-13 13:45 Section: Daily Dispatches1:45p ET Friday, July 13, 2018
Dear Friend of GATA and Gold:
The close correlation of the gold price with the valuation of the Chinese yuan and the International Monetary Fund's Special Drawing Rights shows that China, not the New York Commodities Exchange, is now in control of the price of the monetary metal, money manager David Brady writes today at Sprott Money.
Former Barclays trader found guilty of rigging interest rate
Submitted by cpowell on Thu, 2018-07-12 12:10 Section: Daily DispatchesBy Kirstin Ridley
Reuters
Thursday, July 12, 2018
LONDON -- A French former trader with Barclays, tried in his absence by a London court in an 11-week trial, has been convicted of helping to mastermind a five-year plot to rig global interest rates.
May's gold output in South Africa falls most since February 2017
Submitted by cpowell on Thu, 2018-07-12 12:04 Section: Daily DispatchesAna Monteiro
Bloomberg News
Thursday, July 12, 2018
Gold output in South Africa, once the world's biggest producer of the metal, declined in May by the greatest amount since February 2017.
Most South African gold mines are unprofitable but owners, unions, government don't care why
Submitted by cpowell on Wed, 2018-07-11 13:21 Section: Daily DispatchesMinerals Council Says 75% of South Africa's Mines Are Unprofitable
By Allan Seccombe
Business Day, Johannesburg, South Africa
Wednesday, July 11, 2018
Three-quarters of South Africa's gold mines are unprofitable or barely making money, says the Minerals Council SA as the sector enters wage talks that some participants hope will reflect the realities bedevilling the sector.
Ed Steer: Dollar 'rally' appeared in nick of time Monday
Submitted by cpowell on Tue, 2018-07-10 19:16 Section: Daily Dispatches7:25p ET Tuesday, July 10, 2018
Dear Friend of GATA and Gold:
GATA board member Ed Steer's Gold and Silver Digest letter for Monday, headlined "A Dollar Index 'Rally' Appeared in the Nick of Time Monday," has been posted in the clear at GoldSeek here:
http://news.goldseek.com/GoldSeek/1531252782.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Craig Hemke at Sprott Money: Has China taken control of the gold market?
Submitted by cpowell on Tue, 2018-07-10 19:08 Section: Daily Dispatches7:10p ET Tuesday, July 10, 2018
Dear Friend of GATA and Gold:
Sound Money Index of states for 2018 announced
Submitted by cpowell on Mon, 2018-07-09 19:34 Section: Daily DispatchesBy JP Cortez
Money Metals News Service
Monday, July 9, 2018
Utah, Texas, and Wyoming round out the top three most sound money-friendly states in the United States according to the 2018 Sound Money Index, released today by the Sound Money Defense League and Money Metals Exchange.
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