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Daily Dispatches
This gold fund looks to hedge against a strong dollar
Submitted by cpowell on Mon, 2017-01-30 21:55 Section: Daily DispatchesBy Tom Anderson
CNBC, New York
Monday, January 30, 2017
The gold trade has historically been a good hedge against a weak dollar, but not usually a great investment when the greenback is going up. Today State Street Global Advisors and the World Gold Council launched an exchange-traded fund to figure out a way around that market friction point.
James Turk: Urge President Trump to 'make money great again'
Submitted by cpowell on Mon, 2017-01-30 21:04 Section: Daily Dispatches9:05p ET Monday, January 30, 2017
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk today tells King World News about a movement requesting President Trump's support to "make money great again" -- that is, to facilitate the circulation of gold and silver as currencies without punitive taxation. Turk's commentary is posted at KWN here:
Ronan Manly: Bank of England tells Irish central bank to conceal gold info
Submitted by cpowell on Mon, 2017-01-30 20:45 Section: Daily Dispatches8:45p ET Monday, January 309, 2017
Dear Friend of GATA and Gold:
Bullion banks fleece gold longs so price can rise again, Embry tells KWN
Submitted by cpowell on Mon, 2017-01-30 13:42 Section: Daily Dispatches1:43p ET Monday, January 30, 2017
Dear Friend of GATA and Gold:
Sunken British warship laden with gold to be raised 250 years after battle
Submitted by cpowell on Sun, 2017-01-29 20:56 Section: Daily DispatchesBy Abigail O'Leary
Daily Mirror, London
Sunday, January 29, 2017
A sunken British warship wrecked off the coast of South America is due to see the light of day once again -- along with L1 billion in gold coins.
The Lord Clive was blasted by cannon fire in 1763 after an attempt to reclaim Uruguay's Colonia del Sacramento, a former British colony that had been seized by the Spanish.
Avery Goodman: 729% increase in Comex gold deliveries in January
Submitted by cpowell on Sun, 2017-01-29 20:04 Section: Daily Dispatches8:04p ET Sunday, January 29, 2017
Dear Friend of GATA and Gold:
Remember Greece? It's still as insolvent as ever ...
Submitted by cpowell on Sun, 2017-01-29 16:54 Section: Daily Dispatches... and unlike the United States, it can't just print the world reserve currency.
* * *
IMF Warns that Eurogroup Loan Measures Are Not Enough for Greek Debt
By Eleni Chrepa and Andrew Mayeda
Bloomberg News
Saturday, January 28, 2017
Stocks have lost 63% against gold since 2000, von Greyerz notes
Submitted by cpowell on Sun, 2017-01-29 16:47 Section: Daily Dispatches4:48p ET Sunday, January 29, 2017
Dear Friend of GATA and Gold:
Gold fund manager Egon von Greyerz, interviewed by King World News, notes that since 2000 U.S. stocks have lost 63 percent against gold. An excerpt from the interview is posted at KWN here:
http://kingworldnews.com/greyerz-we-now-have-the-perfect-recipe-for-a-gl...
CHRIS POWELL, Secretary/Treasurer
From Bullion Star, gold market charts for January
Submitted by cpowell on Sun, 2017-01-29 11:28 Section: Daily Dispatches11:29a ET Sunday, January 29, 2017
Dear Friend of GATA and Gold:
With some charts from Gold Charts R Us, Bullion Star today details gold demand and movement around the world, indicating that the monetary metal is a lot more popular than GFMS would have you believe. Bullion Star's analysis is headlined "Gold Market Charts -- January 2017" and it's posted here:
Guyana gold miners threaten to protest, reduce declarations amid new tax measures
Submitted by cpowell on Sun, 2017-01-29 10:48 Section: Daily DispatchesBy Denis Chabroi
Demerara Waves newspaper, Georgetown, Guyana
Saturday, January 28, 2017
Miners under the umbrella of the Guyana Gold and Diamond Miners Association on Friday warned that they would halt gold mining, reduce declarations, and stage a countrywide protest if President David Granger fails to meet with them within two weeks and address their concerns about heavy taxation.
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