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Daily Dispatches
Fed will have to choose between rates and stocks, Sprott says
Submitted by cpowell on Fri, 2018-02-09 17:22 Section: Daily Dispatches5:23p ET Friday, February 9, 2018
Dear Friend of GATA and Gold:
China ends 25-year wait as yuan oil futures to start trading March 26
Submitted by cpowell on Fri, 2018-02-09 16:55 Section: Daily DispatchesFrom Bloomberg News
Friday, February 9, 2018
After a wait of about a quarter of a century, the world's biggest oil buyer is finally getting its own crude-futures contract.
Dollar will stay weak if China has its way, Morgan Stanley says
Submitted by cpowell on Thu, 2018-02-08 07:41 Section: Daily DispatchesBy Justina Lee
Bloomberg News
Wednesday, February 7, 2018
As China's currency trades near to its highest level against the greenback since the 2015 devaluation, don't expect the government to engineer a reversal any time soon, according to Morgan Stanley.
U.S. deliberately keeping dollar low, ECB's Nowotny tells newspaper
Submitted by cpowell on Thu, 2018-02-08 07:37 Section: Daily DispatchesFrom Reuters
Wednesday, February 7, 2018
VIENNA, Austria -- The United States Treasury Department is deliberately putting downward pressure on the dollar, European Central Bank policymaker Ewald Nowotny said in comments published today.
Bears Ears is open for mining but no one bothered to show up
Submitted by cpowell on Wed, 2018-02-07 09:44 Section: Daily DispatchesWhy get into a business whose prices are suppressed by surreptitious government intervention in the markets?
* * *
By Joe Deaux
Bloomberg News
Wednesday, February 7, 2018
Early last Friday morning, vast swathes of the red-rock high plateau that surrounds federally protected buttes in southern Utah were officially thrown open to miners.
John Crudele: Washington's 'plunge' team may have halted Dow spiral
Submitted by cpowell on Wed, 2018-02-07 09:38 Section: Daily DispatchesBy John Crudele
New York Post
Monday, February 5, 2018
Did Washington save the stock market on Monday?
It may be hard to make the case that anyone or anything helped Wall Street as stocks lost about 4 percent of their value and the Dow Jones industrial average tumbled 1,175 points -- after a 666-point decline on Friday.
Miner Barrick to take $429 million charge at stalled Chilean gold project
Submitted by cpowell on Tue, 2018-02-06 22:07 Section: Daily DispatchesFrom Reuters
Tuesday, February 6, 2018
Barrick Gold Corp. expects to record a pre-tax charge of around $429 million at its stalled Pascua-Lama project in South America in the fourth quarter due to reclassifying its gold reserves.
China's love affair with gold heats up on property boom riches
Submitted by cpowell on Tue, 2018-02-06 18:52 Section: Daily DispatchesBy Ranjeetha Pakiam and Daniela Wei
Bloomberg News
Tuesday, February 6, 2018
China's growing throng of affluent consumers is driving a rebound in demand for gold rings, bracelets, and necklaces as a property boom and high stock market valuations boost wealth in the largest bullion market.
U.S. regulators to back more oversight of virtual currencies
Submitted by cpowell on Mon, 2018-02-05 22:50 Section: Daily DispatchesBy Michelle Price and Pete Schroeder
Reuters
Monday, February 5, 2018
WASHINGTON -- Digital currencies such as bitcoin demand increased oversight and may require a new federal regulatory framework, the top U.S. markets regulators will tell lawmakers at a congressional hearing on Tuesday.
Mike Kosares: Gold takes center stage in dollar scare
Submitted by cpowell on Mon, 2018-02-05 14:31 Section: Daily Dispatches2:32p ET Monday, February 5, 2018
Dear Friend of GATA and Gold:
The Trump administration, USAGold's Mike Kosares writes today, doesn't want the "strong dollar" policy of previous administrations but a dollar that can be "strategically benign."
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