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Daily Dispatches
Venezuela aims for crypto alchemy with new 'petro gold' token
Submitted by cpowell on Thu, 2018-02-22 09:12 Section: Daily DispatchesBrian Ellsworth and Ana Isabel Martinez
Reuters
Wednesday, February 21, 2018
CARACAS -- Venezuela is preparing a new cryptocurrency called "petro gold" that will be backed by precious metals, President Nicolas Maduro said on Wednesday, a day after launching an oil-backed token that has been panned as a pipe dream by blockchain experts.
FDIC sues 16 banks alleging LIBOR manipulation in Doral Bank collapse
Submitted by cpowell on Wed, 2018-02-21 09:03 Section: Daily DispatchesFrom Reuters
Tuesday, February 20, 2018
A U.S. regulator on Tuesday filed a lawsuit against 16 U.S. and international banks alleging they had manipulated bbaLIBOR, which is a series of interest-rate benchmarks, leading to the collapse of Puerto Rico's Doral Bank.
No wonder gold had to be smashed today
Submitted by cpowell on Tue, 2018-02-20 19:17 Section: Daily DispatchesU.S. Floods the Market with $179 Billion of Debt in Just One Day
By Alex Harris
Bloomberg News
Tuesday, February 20, 2018
The U.S. Treasury on Tuesday sold $179 billion of securities as it works to rebuild its cash balance, with yields at its auctions of three- and six-month debt rising to levels unseen since 2008.
Incredible 19th-century daguerrotypes show the faces of the Gold Rush
Submitted by cpowell on Mon, 2018-02-19 13:30 Section: Daily DispatchesBy Alyssa Pereira
San Francisco Chronicle
Sunday, February 18, 2018
After 1848 the prospectors came from all over to California for gold. The lot of them were hopeful, desperate, and ambitious -- "the Forty-Niners" they were called. At a new museum exhibit at the National Gallery of Canada in Ottawa (and in a new book), you can come face to face with them.
Clive Maund still can't admit that central banks diddle the gold market
Submitted by cpowell on Mon, 2018-02-19 13:19 Section: Daily Dispatches1:16p ET Monday, February 19, 2018
Dear Friend of GATA and Gold:
Financial letter writer Clive Maund still can't bear the thought that central banks might be interfering with his technical analysis of the gold market.
In his "Gold Market Update" posted at GoldSeek today --
Whistle-blower got $30 million for exposing JPMorganChase
Submitted by cpowell on Fri, 2018-02-16 16:15 Section: Daily DispatchesBy Neil Weinberg
Bloomberg News
Friday, February 16, 2018
JPMorgan Chase & Co.'s failure to properly inform some rich clients about conflicts of interest has resulted in a record $30 million whistle-blower award by U.S. futures regulators.
Eric Sprott covers rising rates, falling dollar, strength in monetary metals
Submitted by cpowell on Fri, 2018-02-16 13:12 Section: Daily Dispatches1:10p ET Friday, February 16, 2018
Dear Friend of GATA and Gold:
In his weekly review of the markets with Craig Hemke for Sprott Money News, mining entrepreneur Eric Sprott discusses rising interest rates, the falling U.S. dollar, and the increasing strength of gold and silver prices. The interview is 12 minutes long and can be heard at Sprott Money here:
GATA secretary explains cowardice of gold mining industry, financial news media
Submitted by cpowell on Fri, 2018-02-16 12:52 Section: Daily Dispatches12:50p ET Friday, February 16, 2018
Dear Friend of GATA and Gold:
Market rigging is getting old and will fail eventually, GATA's Steer says
Submitted by cpowell on Fri, 2018-02-16 12:40 Section: Daily Dispatches12:38p ET Friday, February 16, 2018
Dear Friend of GATA and Gold:
GATA board member Ed Steer, editor of Ed Steer's Gold and Silver Digest letter, was interviewed yesterday financial writer Dennis Miller and argued that manipulation of the monetary metals markets should not automatically deter investors.
Gold defied expectations to rise on inflation report, Turk says
Submitted by cpowell on Thu, 2018-02-15 19:14 Section: Daily Dispatches7:14p ET Thursday, February 15, 2018
Dear Friend of GATA and Gold:
Interviewed by King World News, GoldMoney founder and GATA consultant James Turk says gold's sharp increase Tuesday on a day when it was supposed to lose no matter which way the government's inflation report went suggests that the shorts are in serious trouble. Turk's interview is posted at KWN here:
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