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Daily Dispatches
Barrick signs on to Venezuela gold push as oil sinks economy
Submitted by cpowell on Sat, 2016-08-27 08:56 Section: Daily DispatchesBy Danielle Bochove
Bloomberg News
Friday, August 26, 2016
Barrick Gold Corp. agreed to form a joint venture in Venezuela, according to state television, as President Nicolas Maduro turns to mining as a way to boost one of the fastest-shrinking economies in the world.
Former Fed Governor Warsh admits that the central bank manipulates markets
Submitted by cpowell on Fri, 2016-08-26 11:39 Section: Daily DispatchesAdjudicating GATA's freedom-of-information claim against the Federal Reserve when he was a member of the Fed's Borad of Governors in 2009, the author revealed that the Fed has secret gold swap arrangements with foreign banks --
-- a business about which New York Fed President William Dudley refused to answer questions five months ago:
Ronan Manly: Is any gold still stored at U.S. Mint in Denver?
Submitted by cpowell on Fri, 2016-08-26 11:17 Section: Daily Dispatches11:15a ET Friday, August 26, 2016
Dear Friend of GATA and Gold:
Just wait until it's hypothecated into 145 tonnes
Submitted by cpowell on Wed, 2016-08-24 21:04 Section: Daily DispatchesAustralian Prospector Unearths 145-Ounce Gold Nugget
By Timna Jacks
The Age, Melbourne, Australia
Thursday, August 25, 2016
At first glance the small lump in the earth looked like worthless scrap.
On closer examination, the prospector guessed it was the tip of an old horseshoe.
Stagnant economy won't support high stock, bond, real estate prices, Embry says
Submitted by cpowell on Wed, 2016-08-24 12:45 Section: Daily Dispatches12:45p ET Wednesday, August 24, 2016
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry tells King World News today that the "deep state" is striving to suppress the price of the monetary metals while supporting stocks, bonds, and real estate. But, Embry adds, a stagnant economy won't support the latter valuations forever. His remarks are excerpted at KWN here:
Nobody sells gold like this except to drive the price down in full view
Submitted by cpowell on Wed, 2016-08-24 10:45 Section: Daily DispatchesSee Zero Hedge's report, headlined "Someone Just Puked $1.5 Billion of Notional Gold," here:
http://www.zerohedge.com/news/2016-08-24/someone-just-puked-15-billion-n...
We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth
Rusoro says it has been awarded $1.2 billion over Venezuelan seizure
Submitted by cpowell on Wed, 2016-08-24 10:26 Section: Daily DispatchesBy Jim Finkle
Reuters
Tuesday, August 23, 2016
Canada's Rusoro Mining Ltd said Tuesday it has been awarded more than $1.2 billion by a World Bank tribunal that ruled that Venezuela had unlawfully seized the company's gold assets four years ago.
Monetary policy has nationalized Japanese stock market, CLSA analyst says
Submitted by cpowell on Tue, 2016-08-23 12:57 Section: Daily Dispatches"There are no markets anymore, just interventions." -- High School Graduate, GATA Washington conference, April 18, 2008.
* * *
By Leslie Shaffer
CNBC, New York
Monday, August 22, 2016
Even a resurgent yen hasn't dampened Japan's stock rally over the past couple months, but that's not necessarily because investors like the market.
Koos Jansen: More indications that China sees gold as key to currency
Submitted by cpowell on Tue, 2016-08-23 12:34 Section: Daily Dispatches12:30p ET Tuesday, August 23, 2016
Dear Friend of GATA and Gold:
India's gold smugglers shut out refiners and banks
Submitted by cpowell on Tue, 2016-08-23 10:00 Section: Daily DispatchesBy Rajendra Jadhav
Reuters
Tuesday, August 23, 2016
MUMBAI, India -- Indian gold refiners just months ago were ramping up capacity and struggling to secure enough ore from miners. Now they are suspending operations as a surge in smuggled bullion wipes out wafer-thin margins.
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