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Daily Dispatches
Excessive leverage promises disaster for financial system, Embry says
Submitted by cpowell on Wed, 2017-01-25 19:57 Section: Daily Dispatches7:57p ET Wednesday, January 25, 2017
Dear Friend of GATA and Gold:
The world financial system is heading toward disaster because of excessive leverage, Sprott Asset Management's John Embry tells King World News today.
Putin's sanctioned ally may win mine with a quarter of Russian gold resources
Submitted by cpowell on Wed, 2017-01-25 09:53 Section: Daily DispatchesBy Yuliya Fedorinova
Bloomberg News
Wednesday, January 25, 2017
Russia's auction of its giant Sukhoi Log gold field this week pits a long-time ally of President Vladimir Putin against a rival bidder with little background in mining.
Mnuchin backs Fed independence and signals reform isn't priority
Submitted by cpowell on Tue, 2017-01-24 19:25 Section: Daily DispatchesBy Craig Torres and Saleha Mohsin
Bloomberg News
Tuesday, January 24, 2017
U.S. Treasury Secretary nominee Steven Mnuchin isn't jumping on the Republican bandwagon to audit the Fed.
Mining firms see little appeal in Egypt's gold exploration terms
Submitted by cpowell on Tue, 2017-01-24 15:52 Section: Daily DispatchesBy Eric Knecht
Reuters
Tuesday, January 24, 2017
CAIRO -- The gold beneath Egypt's desert could make it a top global producer, but the investment terms on offer are driving away small explorers whose skills the country needs to unlock its mineral wealth.
Russia expected to sell gold deposit cheap amid sanctions, sources say
Submitted by cpowell on Tue, 2017-01-24 07:31 Section: Daily DispatchesBy Polina Devitt
Reuters
Monday, January 23, 2017
MOSCOW -- Russia is expected to sell discounted rights to one of the world's largest untapped gold deposits this week to a joint venture of miner Polyus and a state conglomerate, industry sources and analysts said, after sanctions and restrictions discouraged other bidders.
Central banks embrace risk buying stocks and bonds in era of low rates
Submitted by cpowell on Mon, 2017-01-23 22:32 Section: Daily DispatchesBy Christopher Whittal, Jon Sindreu, and Brian Blackstone
The Wall Street Journal
Monday, January 23, 2017
By keeping interest rates low and in some cases negative, central banks have prompted some of the most conservative investors to join the hunt for higher returns: other central banks.
Trump's nominee for Treasury backs off support for strong dollar
Submitted by cpowell on Mon, 2017-01-23 20:57 Section: Daily DispatchesInside the Mind of Mnuchin: Too-Strong Dollar May Hurt Economy
By Saleha Mohsin
Bloomberg News
Monday, January 23, 2017
U.S. Treasury Secretary nominee Steven Mnuchin said an "excessively strong dollar" could have a negative short-term effect on the economy.
Alasdair Macleod: Using gold as money in the Muslim world
Submitted by cpowell on Mon, 2017-01-23 19:19 Section: Daily Dispatches7:20p ET Monday, January 23, 2017
Dear Friend of GATA and Gold:
Northern Dynasty says it has Trump administration's support, seeks new partner
Submitted by cpowell on Mon, 2017-01-23 15:52 Section: Daily DispatchesBy Natalie Obiko Pearson
Bloomberg News
Monday, January 23, 2017
Northern Dynasty Minerals Ltd. expects to resolve a dispute with the U.S. environmental regulator by April to enable it to move ahead with permitting one of the world's largest undeveloped copper and gold deposits.
Ronan Manly: Ireland conceals basic information about its gold reserves
Submitted by cpowell on Mon, 2017-01-23 11:20 Section: Daily Dispatches11:20a ET Monday, January 23, 2017
Dear Friend of GATA and Gold: