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Daily Dispatches
Putin's Russia roars but its economy can't sustain a superpower
Submitted by cpowell on Thu, 2018-04-12 20:38 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
via The Australian Financial Review, Sydney
Thursday, April 12, 2018
Russia's GDP was smaller than that of Texas even before the latest and most lethal sanctions imposed by Washington. It has diminished further to Benelux proportions after the rouble's 10 percent crash this week, the steepest fall since the late 1990s.
Craig Hemke: A lesson in suppression
Submitted by cpowell on Thu, 2018-04-12 11:51 Section: Daily Dispatches11:50p ET Thursday, April 12, 2018
Dear Friend of GATA and Gold:
A hundred tonnes of paper gold were dumped on the futures market yesterday to control the monetary metal's price amid war tension, the TF Metals Report's Craig Hemke writes today.
Explosion more likely than bull market in metals, GATA chairman says
Submitted by cpowell on Thu, 2018-04-12 09:56 Section: Daily Dispatches9:56a ET Thursday, April 12, 2018
Dear Friend of GATA and Gold:
So much for Iran's trying to get away from the dollar
Submitted by cpowell on Wed, 2018-04-11 11:41 Section: Daily DispatchesIran Seeks to Pin Rial to the Dollar as It Hits Record Low
By Nasser Karimi
Associated Press
via ABC News, New York
Tuesday, April 10, 2018
Iran moved on Tuesday to enforce a single exchange rate to the dollar, banning all unregulated trading after the rial hit an all-time low.
Bullion Star interviews GATA secretary in Singapore
Submitted by cpowell on Wed, 2018-04-11 09:04 Section: Daily Dispatches9:05a ET Wednesday, April 11, 2018
Dear Friend of GATA and Gold:
Bundesbank strives to show Germans that their gold is real
Submitted by cpowell on Wed, 2018-04-11 08:54 Section: Daily DispatchesBy Carolynn Look
Bloomberg News
Tuesday, April 10, 2018
If Germans have any doubts about the authenticity of their gold -- and some of them really do -- their central bank is doing all it can to qualm their concerns.
Correction to Allan Flynn's report on traders charged with 'spoofing'
Submitted by cpowell on Tue, 2018-04-10 18:59 Section: Daily Dispatches7p ET Tuesday, April 10, 2018
Dear Friend of GATA and Gold:
Allan Flynn of the "Comex, We Have a Problem" blog has made a correction in his recent report about traders charged with "spoofing" the monetary metals futures market, a report that was called to your attention by GATA last Friday here:
Craig Hemke at Sprott Money: Revisiting September 2011
Submitted by cpowell on Tue, 2018-04-10 18:35 Section: Daily Dispatches6:37p ET Tuesday, April 10, 2018
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing for Sprott Money, today shows how the slam in the gold price in September 2011 was a central bank operation that engineered the years-long bear market that followed in the monetary metal.
Venezuela stopped bond payments in September
Submitted by cpowell on Tue, 2018-04-10 13:32 Section: Daily DispatchesBy Jonathan Wheatley
Financial Times, London
Monday, April 9, 2018
Venezuela stopped paying bondholders in September, according to central bank data, contradicting statements by President Nicolás Maduro that the country would continue to honor its debts while negotiating a resettlement with its creditors.
Is Sharps Pixley's Ross Norman really a friend of gold, and his clients?
Submitted by cpowell on Mon, 2018-04-09 22:57 Section: Daily Dispatches11:19p ET Monday, April 9, 2018
Dear Friend of GATA and Gold:
Ross Norman, proprietor of venerable London bullion dealer Sharps Pixley, writes today, "Gold is struggling to find friends."
Is Norman himself one? It apparently depends on the day.