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Daily Dispatches
Philippines central bank admits rigging currency market
Submitted by cpowell on Thu, 2017-07-06 07:02 Section: Daily DispatchesFrom ABS-CBN News, Quezon City, Philippines
Thursday, July 6, 2017
http://news.abs-cbn.com/business/07/06/17/central-bank-actively-managing...
MANILA -- The Bangko Sentral ng Pilipinas is "actively managing excessive volatility" in the currency market, Governor Nestor Espenilla said today, as the peso hovered at its weakest level against the dollar in a decade.
S. Africa's ruling party may nationalize central bank but leave it independent
Submitted by cpowell on Wed, 2017-07-05 21:52 Section: Daily DispatchesBy Olebogeng Molatlhwa and Stbongakonke Shoba
The Times, Johannesburg
Wednesday, July 5, 2017
The African National Congress is mulling the idea of nationalising the South African Reserve Bank but says its independence should be guaranteed.
Mike Kosares: Blinded by the money illusion
Submitted by cpowell on Wed, 2017-07-05 13:09 Section: Daily Dispatches1:12p ET Wednesday, July 5, 2017
Dear Friend of GATA and Gold:
Of course this would never happen with gold -- or no one would ever dare to ask
Submitted by cpowell on Tue, 2017-07-04 09:17 Section: Daily DispatchesMetals Trading Has a Paper Fraud Problem
By Mark Burton
Bloomberg News
Monday, July 3, 2017
For all the high-tech wizardry of modern financial markets, there’s one corner of the commodity world that still depends almost entirely on printed paper -- making it an easy target for crooks.
Tax hike in India could boost illegal bullion, jewelry sales and smuggling
Submitted by cpowell on Tue, 2017-07-04 08:34 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
Tuesday, July 4, 2017
MUMBAI -- A hike in taxes on gold sales in India could stoke under-the-counter buying and drive up appetite for precious metal smuggled into the country, where millions of people store big chunks of their wealth in bullion and jewelry.
Russian academic and political leaders listen to Hugo Salinas Price about silver
Submitted by cpowell on Mon, 2017-07-03 16:42 Section: Daily Dispatches4:48p ET Monday, July 3, 2017
Dear Friend of GATA and Gold:
Despite lousy sentiment, gold and silver are doing well this year, Turk tells KWN
Submitted by cpowell on Mon, 2017-07-03 16:14 Section: Daily Dispatches4:15p ET Monday, July 3, 2017
Dear Friend of GATA and Gold:
Gold and silver have done well in the first half of the year despite the terrible sentiment in the monetary metals sector, GoldMoney founder and GATA consultant James Turk tells King World News today, adding that both the monetary meals are in backwardation in the futures markets. Turk's comments are posted at KWN here:
Ronan Manly: How many silver bars are in the LBMA vaults in London?
Submitted by cpowell on Mon, 2017-07-03 07:10 Section: Daily Dispatches7:14a ET Monday, July 3, 2017
Dear Friend of GATA and Gold:
Digital-payments firm Paytm joins jewellers in India to promote gold
Submitted by cpowell on Sun, 2017-07-02 16:48 Section: Daily DispatchesPaytm Goes Gaga over Gold
By Yuthika Bhargave
The Hindu, Chennai, India
Saturday, July 2, 2017
http://www.thehindu.com/business/Industry/paytm-goes-gaga-over-gold/arti...
Paytm, which has sold more than 100 kilograms of gold on its platform, is in discussions with jewellers across the country to enable buyers to redeem their digital gold in the form of jewellery.
Few in U.S. want gold and silver coins when stocks seem strong
Submitted by cpowell on Sat, 2017-07-01 09:07 Section: Daily DispatchesU.S. Mint's 1st-Half Sales of American Eagle Gold Coins Weakest Since 2007
By Marcy Nicholson
Reuters
Friday, June 30, 2017
U.S. Mint American Eagle gold coin sales in the first half of 2017 were the lowest for this period in a decade, while sales of silver in the period were the weakest since 2008, government data showed on Friday. ...
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