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Daily Dispatches
Judge sides with CFTC on virtual currency oversight
Submitted by cpowell on Thu, 2018-09-27 00:49 Section: Daily DispatchesBy Michelle Price
Reuters
Wednesday, September 26, 2018
WASHINGTON -- A federal judge said on Wednesday that virtual currencies meet the definition of a commodity and fall within the jurisdiction of the U.S. derivatives regulator, allowing the agency to pursue fraud allegations against My Big Coin Pay Inc.
Barrick draws closer to Chinese government-owned Shandong Gold
Submitted by cpowell on Thu, 2018-09-27 00:33 Section: Daily DispatchesBarrick and Shandong Gold Enter Cross-Shareholding Deal
From Zacks Investment Research, Chicago
via NASDAQ.com, New York
Wednesday, September 25, 2018
Barrick Gold Corp. has inked a mutual investment agreement with Shandong Gold Group Co. Ltd. The move strengthens the company's partnership with one of the leading mining companies in China.
EU, Russia, and China agree to special payments system for Iran
Submitted by cpowell on Tue, 2018-09-25 22:09 Section: Daily DispatchesBy Mehreen Khan and Henry Foy
Financial Times, London
Tuesday, September 25, 2018
The European Union's three biggest member states have agreed to a deal with Russia and China to set up a special payments system to facilitate trade with Iran as global powers step up measures to protect a nuclear deal with Tehran after the United States reimposed sanctions.
Craig Hemke at Sprott Money: Ahead of Wednesday's FOMC
Submitted by cpowell on Tue, 2018-09-25 21:41 Section: Daily Dispatches9:45p ET Tuesday, September 25, 2018
Dear Friend of GATA and Gold:
On Wednesday, the TF Metals Report's Craig Hemke writes today at Sprott Money, the Federal Reserve chairman is likely to present a lovely evaluation of the U.S. economy. Don't believe it, Hemke says.
Zimbabwe president says China won't colonize his country with loans
Submitted by cpowell on Mon, 2018-09-24 08:58 Section: Daily DispatchesBy Giffs Dube
Voice of America, Washington
Sunday, September 23, 2018
WASHINGTON -- Zimbabwe President Emmerson Mnangagwa has allayed fears that Zimbabwean authorities are auctioning the country's resources and surrendering its sovereignty to China in exchange of loans running into billions of dollars being sourced from the Asian nation.
... Dispatch continues below ...
Barrick Gold to buy Randgold Resources in $18.3 billion deal
Submitted by cpowell on Mon, 2018-09-24 08:51 Section: Daily DispatchesBy Zandi Shabalala, Justin George Varghese, and Clara Denina
Reuters
Monday, September 24, 2018
LONDON -- Canada's Barrick Gold has agreed to buy Randgold Resources Ltd in a $18.3 billion share deal to create the world's largest gold company by value and output in an industry under investor pressure to put capital to good use.
Barrick reported to be about to merge with Randgold
Submitted by cpowell on Sun, 2018-09-23 17:30 Section: Daily DispatchesBy Danielle Bochove, Dinesh Nair, and Scott Deveau
Bloomberg News
Sunday, September 23, 2018
Barrick Gold Corp. is in advanced stages of negotiations to merge its operations with African rival Randgold Resources Ltd., according to people familiar with the talks.
A deal is imminent, according to one of the people who declined to provide more details.
Ronan Manly: How serious is the Shareholders Gold Council?
Submitted by cpowell on Sun, 2018-09-23 16:26 Section: Daily Dispatches4:29p ET Sunday, September 23, 2018
Dear Friend of GATA and Gold:
Bullion Star gold analyst Ronan Manly today expresses support for GATA's bid to make a presentation to and to join the new Shareholders Gold Council but is disappointed that four council members want to remain anonymous.
Join GATA in New Orleans in November and you can't lose
Submitted by cpowell on Sat, 2018-09-22 10:42 Section: Daily Dispatches10:47a ET Saturday, September 22, 2018
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy and your secretary/treasurer will be speaking again this year at the New Orleans Investment Conference, and if you register to attend the conference through GATA, the conference will generously pay us a commission that will help keep the organization going.
GATA asks CFTC if market rigging by U.S. govt. is legal
Submitted by cpowell on Fri, 2018-09-21 12:50 Section: Daily Dispatches12:56p ET Friday, September 21, 2018
Dear Friend of GATA and Gold:
The U.S. Commodity Futures Trading Commission this week announced it has imposed penalties on two futures traders for attempting to manipulate the gold market and other markets with "spoofing" trades: