You are here
Daily Dispatches
London Metal Exchange to launch yuan-denominated futures in sign of Chinese currency's growing cachet
Submitted by cpowell on Thu, 2018-05-24 09:51 Section: Daily DispatchesBy Enoch Yiu
South China Morning Post, Hong Kong
Monday, May 21, 2018
The London Metal Exchange is planning to introduce yuan-denominated metal products, according its chief executive, a sign the currency’s status in international finance is on the rise.
U.S. launches criminal probe into bitcoin price manipulation
Submitted by cpowell on Thu, 2018-05-24 09:46 Section: Daily DispatchesBy Matt Robinson and Tom Schoenberg
Bloomberg News
Thursday, May 24, 2018
The Justice Department has opened a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter.
Maybe the laid-off South African miners can become investment bankers
Submitted by cpowell on Wed, 2018-05-23 19:31 Section: Daily DispatchesGold Miner AngloGold Ashanti to Cut South Africam Jobs as Costs Rise
By Henry Sanderson
Financial Times, London
Wednesday, May 23, 2018
AngloGold Ashanti, the world's third-largest gold miner, said it will cut almost a third of its workforce in South Africa as it struggles with a strengthening rand and a lacklustre gold price.
The Marshall Islands replaces U.S. dollar with its own cryptocurrency
Submitted by cpowell on Wed, 2018-05-23 15:33 Section: Daily DispatchesBy Shannon Liao
The Verge, New York
Wednesday, May 23, 2018
The Marshall Islands has made its own cryptocurrency, doing away with the U.S. dollar. The government has signed the change into law, making the "sovereign" its new official cryptocurrency, as spotted by CNBC Africa cryptocurrency trader host Ran Neuner on Twitter yesterday.
Part 2 of Bloomberg News excerpting of 'American Default'
Submitted by cpowell on Wed, 2018-05-23 13:53 Section: Daily Dispatches1:54p ET Wednesday, May 23, 2018
Dear Friend of GATA and Gold:
The second of the Bloomberg News four-part excerpting of the new book, "American Default" by UCLA professor Sebastian Edwards, is headlined "When Franklin Roosevelt Dropped a Bombshell on Gold" and it's posted here:
https://www.bloomberg.com/view/articles/2018-05-23/fdr-s-bombshell-on-gold
Sunken galleon's gold has probably been hypothecated already
Submitted by cpowell on Wed, 2018-05-23 09:00 Section: Daily DispatchesSpanish Galleon Laden with L13 billion in Gold Found at Bottom of Caribbean Sea, 300 Years after Sinking
By Chris Baynes
The Independent, London
Wednesday, May 23, 2018
U.S. scientists found a Spanish galleon laden with treasure worth up to L12.6 billion at the bottom of the Caribbean Sea, more than 300 years after it sank.
Craig Hemke at Sprott Money: Looking forward to gold's next rally
Submitted by cpowell on Tue, 2018-05-22 15:40 Section: Daily Dispatches3:43p ET Tuesday, May 22, 2018
Dear Friend of GATA and Gold:
If the "wash-rinse-repeat" cycle played in the gold futures market by the market-rigging bullion banks against lesser traders is still operating, the TF Metals Report's Craig Hemke writes at Sprott Money today, a strong rally in gold is just about a week away.
New book, 'American Default,' examines dollar devaluation, gold confiscation of 1933
Submitted by cpowell on Tue, 2018-05-22 14:44 Section: Daily Dispatches2:49p ET Tuesday, May 22, 2018
Dear Friend of GATA and Gold:
Bloomberg News today begins publishing a four-part excerpt from a new book about the U.S. government's devaluation of the dollar, repudiation of debt, and confiscation of monetary gold in 1933.
Bullion Star's gold market charts suggest demand remains strong
Submitted by cpowell on Mon, 2018-05-21 20:48 Section: Daily Dispatches8:50p ET Monday, May 21, 2018
Dear Friend of GATA and Gold:
Bullion Star's latest gold market charts suggest that despite gold's recent decline in U.S. dollars, gold demand remains strong in China, Russia, and Switzerland. Bullion Star's report is headlined "Gold Market Charts -- May 2018" and it's posted here:
J.S. Kim: Gold promotions impede exposure of manipulation
Submitted by cpowell on Mon, 2018-05-21 14:18 Section: Daily Dispatches2:20p ET Monday, May 21, 2018
Dear Friend of GATA and Gold:
Promotions for gold and silver that scream that prices are going to explode imminently are hurting efforts to tell the world the truth about the monetary metals and especially about the manipulation of their markets by central banks, J.S. Kim of Smart Knowledge U writes today.
Pages
