Daily Dispatches

Bankers ditch fat salaries to chase digital currency riches

Submitted by cpowell on Wed, 2017-07-26 09:40 Section: Daily Dispatches

By Lulu Yilun Chen and Camila Russo
Bloomberg News
Tuesday, July 25, 2017

Richard Liu gave up a seven-figure salary this month to get into one of the hottest financial instruments around right now: initial coin offerings. The former China Renaissance deal maker has since backed a clutch of cryptocoin sales that have raised millions -- sometimes in seconds -- often without a single product.

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London Metal Exchange to publish gold, silver prices soon, Reuters says

Submitted by cpowell on Tue, 2017-07-25 20:46 Section: Daily Dispatches

By Peter Hobson
Reuters
Tuesday, July 25, 2017

LONDON -- The London Metal Exchange will start publishing gold and silver reference prices, the exchange told Reuters today, potentially challenging the dominance of benchmarks administered by Intercontinental Exchange.

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Trader Lanci says there's no 'fat finger' but plenty of market manipulation

Submitted by cpowell on Tue, 2017-07-25 15:00 Section: Daily Dispatches

3:19p ET Tuesday, July 25, 2017

Dear Friend of GATA and Gold:

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TF Metals Report: Bullion banks are prepared for rallies in gold and silver

Submitted by cpowell on Tue, 2017-07-25 09:20 Section: Daily Dispatches

9:25a Tuesday, July 25, 2017

Dear Friend of GATA and Gold:

Trader positioning data for the New York gold and silver markets suggests that the bullion banks are prepared for rallies in both the monetary metals, the TF Metals Report says. The analysis is headlined "More Commitment of Traders Perspective" and it's posted here:

https://www.tfmetalsreport.com/blog/8463/more-cot-perspective

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Philippines' Duterte warns miners: 'I will tax you to death'

Submitted by cpowell on Mon, 2017-07-24 21:02 Section: Daily Dispatches

By Enrico Dela Cruz
Reuters
Monday, July 24, 2017

MANILA -- Philippine President Rodrigo Duterte said today he wanted to stop exporting mineral resources and might close the mining sector completely and tax miners "to death" if damage to the environment persisted.

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'Shrinkflation' has hit over 2,500 consumer products over the past five years

Submitted by cpowell on Mon, 2017-07-24 11:04 Section: Daily Dispatches

By Katie Morley
The Telegraph, London
Monday, July 24, 2017

More than 2,500 consumer products have shrunk in size over the past five years despite being sold for the same price, official data shows.

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Koos Jansen: Did the Dutch central bank lie about its gold bar list?

Submitted by cpowell on Sun, 2017-07-23 10:57 Section: Daily Dispatches

11a ET Sunday, July 23, 2017

Dear Friend of GATA and Gold:

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Charges dropped after 'Whale' accused JPM's Dimon of making him a fall guy

Submitted by cpowell on Sat, 2017-07-22 09:03 Section: Daily Dispatches

By Francine McKenna
MarketWatch.com, New York
Friday, July 21, 2017

The case against two traders in the infamous "London Whale" case appears to have fallen apart after the Whale himself, considered a key witness, accused J.P. Morgan Chase & Co. Chief Executive Jamie Dimon of setting him up as a fall guy.