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Daily Dispatches
Alasdair Macleod: The vexed question of the dollar
Submitted by cpowell on Thu, 2016-10-27 13:13 Section: Daily Dispatches12:15p CT Thursday, October 27, 2016
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod writes today that China is controlling both interest rates and gold prices and likely already has enough gold to hedge its dollar exposure in its huge foreign exchange reserves. Macleod's analysis is headlined "The Vexed Question of the Dollar" and it's posted at GoldMoney here:
Chinese miners in talks for stake in Barrick's Veladero mine, Reuters says
Submitted by cpowell on Tue, 2016-10-25 20:01 Section: Daily DispatchesBy John Tilak and Nicole Mordant
Reuters
Tuesday, Otober 25, 2016
China's Zijin Mining Group Co. Ltd. and Shandong Gold Mining Co. Ltd. have held separate talks with Barrick Gold Corp. to buy a 50-percent stake in its Veladero gold mine in Argentina, according to four sources with knowledge of the process.
GATA Chairman Bill Murphy interviewed by Dave Kranzler and Rory Hall
Submitted by cpowell on Tue, 2016-10-25 13:30 Section: Daily Dispatches12:30p CT Tuesday, October 25, 2016
Dear Friend of GATA and Gold:
Interviewed by Dave Krazler of Investment Research Dynamics and Rory Hall of The Daily Coin, GATA Chairman Bill Murphy discusses the intervention by governments against the gold price and the developments that may overcome it. The interview is 26 minutes long and can be heard at YouTube here:
Indian, Chinese love affairs with gold turn financial
Submitted by cpowell on Tue, 2016-10-25 09:07 Section: Daily DispatchesBy Henry Sanderson
Financial Times, London
Monday, October 24, 2016
For Surender Kumar Jindal, one of the biggest sellers of gold and silver bars in India, this year has not been good for business.
As yuan sinks, Goldman sees rising gold demand in China
Submitted by cpowell on Tue, 2016-10-25 08:59 Section: Daily DispatchesFrom Bloomberg News
Tuesday, October 25, 2016
Further weakness in China's currency and investors' concerns over the outlook for the nation's property market may spur gold demand in Asia's top economy, according to Goldman Sachs Group Inc., which made the forecast as the offshore yuan sank to a record.
Ronan Manly: How central banks and bullion banks work together to create imaginary gold
Submitted by cpowell on Tue, 2016-10-25 08:16 Section: Daily Dispatches8:16a ET Tuesday, October 25, 2016
Dear Friend of GATA and Gold:
Russia to sell gold amid budget problems, Pravda reports on source basis
Submitted by cpowell on Mon, 2016-10-24 19:57 Section: Daily DispatchesBy Alexey Viazovsky
Pravda, Moscow
Sunday, October 23, 2016
The Russian Finance Ministry intends to reduce purchases by the state fund of precious metals and stones. At the same time, it is planned to begin selling gold and diamonds to replenish the treasury.
Gold coin worth L250,000 discovered in child's pirate treasure collection
Submitted by cpowell on Mon, 2016-10-24 19:40 Section: Daily DispatchesBy Louie Smith
Daily Mirror, London
Monday, October 24, 2016
An 18th-century gold coin worth up to L250,000 has been discovered in a child's pirate treasure collection.
The anonymous owner had been given the rare Queen Anne Vigo five guinea piece as a youngster by his grandfather.
Hugo Salinas Price: How I became a gold bug
Submitted by cpowell on Mon, 2016-10-24 19:08 Section: Daily Dispatches6:10p CT Monday, October 24, 2016
Dear Friend of GATA and Gold:
Overindebtedness can be resolved only by hyperinflation or hyperdeflation, Embry says
Submitted by cpowell on Mon, 2016-10-24 13:02 Section: Daily DispatchesOr maybe by Venezuela-style rationing, shortages, and totalitarianism.
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12:03p CT Monday, October 24, 2016
Dear Friend of GATA and Gold:
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