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Daily Dispatches
Forget about oil at $80, because the big rally is in forward prices
Submitted by cpowell on Mon, 2018-05-21 09:06 Section: Daily DispatchesBy Catherine Ngai, Alex Longley, and Javier Blas
Bloomberg News
Monday, May 21, 2018
Brent crude oil grabbed all the attention after spot prices hit $80 a barrel last week. And yet, almost unnoticed, a perhaps more important rally has occurred in the obscure world of forward prices, with some investors betting the "lower for longer" price mantra is all but over.
Eswar Prasad: America, beware -- Dollar supremacy is not forever
Submitted by cpowell on Sun, 2018-05-20 11:00 Section: Daily DispatchesBy Eswar Prasad
Financial Times, London
Sunday, May 20, 2018
https://www.ft.com/content/3d4d1190-5931-11e8-806a-808d194ffb75
Gold frequently disappoints Jim Grant, but does he understand why?
Submitted by cpowell on Sat, 2018-05-19 10:24 Section: Daily Dispatches10:46a ET Saturday, May 19, 2018
Dear Friend of GATA and Gold:
Reihan Salam: The downside of the dollar's reserve-currency status
Submitted by cpowell on Thu, 2018-05-17 20:58 Section: Daily DispatchesBy Reihan Salam
National Review, New York
Thursday, May 17, 2018
https://www.nationalreview.com/corner/dollar-reserve-currency-status-dow...
Ambrose Evans-Pritchard: Italy's insurgents enrage Germany and risk ECB payment freeze
Submitted by cpowell on Thu, 2018-05-17 20:25 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, May 17, 2018
https://www.telegraph.co.uk/business/2018/05/17/italys-insurgents-enrage...
Italy's insurgent parties want debt forgiveness and exit from EU
Submitted by cpowell on Thu, 2018-05-17 09:11 Section: Daily Dispatches5-Star, League Want ECB to Forgive 250 Billion Euros of Italy Debt: Draft
By Gavin Jones
Reuters
Tuesday, May 15, 2018
ROME -- The anti-establishment 5-Star Movement and far-right League plan to ask the European Central Bank to forgive 250 billion euros ($296 billion) of Italian debt, according to a draft of a coalition program the parties are working on.
Who cares about 'peak gold' until there's 'peak paper'?
Submitted by cpowell on Wed, 2018-05-16 19:18 Section: Daily Dispatches'We're Right at Peak Gold': All Major Deposits Have Been Discovered, Declares Goldcorp Chairman
By Gabriel Friedman
National Post, Toronto
Wednesday, May 16, 2018
As currency crisis worsens, Iranians invest in gold
Submitted by cpowell on Wed, 2018-05-16 16:27 Section: Daily DispatchesFrom Radio Farda, Washington
(Radio Free Europe / Radio Liberty)
Wednesday, May 16, 2018
Iranians are reportedly investing in gold after the Central Bank of Iran last week issued strict limits on the amount of foreign currency travelers can take out of the country amid a deepening currency crisis.
LBMA suspends Russian precious metals refinery from 'good delivery' lists
Submitted by cpowell on Tue, 2018-05-15 19:44 Section: Daily DispatchesBy Peter Hobson
Reuters
Tuesday, May 15, 2018
LONDON -- The London Bullion Market Association said today it had suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership-related issues."
China's holdings of U.S. Treasuries rise to a 5-month high
Submitted by cpowell on Tue, 2018-05-15 18:24 Section: Daily DispatchesBy Brendan Murray
Bloomberg News
Tuesday, May 15, 2018
China's holdings of Treasuries rose to a five-month high in March, underscoring the allure of U.S. government debt even amid trade tensions between the world's two largest economies.
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