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Daily Dispatches
Gold miner Petropavlovsk turns first profit since 2012
Submitted by cpowell on Wed, 2016-09-28 08:25 Section: Daily DispatchesBy Jon Yeomans
The Telegraph, London
Wednesday, September 28, 2016
Russia-based gold miner Petropavlovsk has posted its first profit since 2012, as it looks to move on from a torrid few years.
Shandong Gold said to be top bidder for $2 billion Glencore mine
Submitted by cpowell on Wed, 2016-09-28 00:06 Section: Daily DispatchesBy Dinesh Nair and Vinicy Chan
Bloomberg News
Tuesday, September 27, 2016
China's Shandong Gold Mining Co. has emerged as the lead bidder for Glencore's gold mine in Kazakhstan, which may fetch about $2 billion in a sale, according to people familiar with the matter.
First up: a gold depository in Texas. And then?
Submitted by cpowell on Wed, 2016-09-28 00:02 Section: Daily DispatchesBy Anna M. Tinsley
Fort Worth Star-Telegram
Tuesday, September 27, 2016
A gold depository in Texas is just the first step.
After work begins on the state's first bullion depository -- and proposals to create it are due by the end of the week -- then officials hope to bring more commodity markets to the state.
'Debt binge' will implode world financial system, Embry says
Submitted by cpowell on Tue, 2016-09-27 15:11 Section: Daily Dispatches3:12p ET Tuesday, September 27, 2016
Dear Friend of GATA and Gold:
Sprott Asset Management's John Embry tells King World News today that the implosion of the world financial system is approaching because of the "epic debt binge" of the last 30 years and market manipulation won't forestall it forever. Embry's interview is excerpted at KWN here:
Randgold chief sees gold supply problem
Submitted by cpowell on Tue, 2016-09-27 14:50 Section: Daily DispatchesBy Dineo Faku
The Independent, Cape Town, South Africa
Tuesday, September 27, 2016
JOHANNESBURG, South Africa -- Mark Bristow, South African-born founder and chief executive of Randgold Resources, foresees a looming supply problem in the gold industry, saying that there was not enough exploration to replace gold that was being produced.
Options expiration is prime time for monetary metals suppression, Turk cautions
Submitted by cpowell on Mon, 2016-09-26 20:35 Section: Daily Dispatches8:34p ET Monday, September 26, 2016
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tells King World News today that monetary metals prices are likely to weaken this week because of futures market options expiration, prime time for price suppression by central banks and their bullion bank agents. An excerpt from the interview is posted at KWN here:
Germany will rescue Deutsche Bank if necessary, Allianz exec says
Submitted by cpowell on Mon, 2016-09-26 13:27 Section: Daily DispatchesBy Esteban Duarte
Bloomberg News
Monday, September 26, 2016
The German government will have to bail out Deutsche Bank AG if its financial situation gets bad enough, Allianz Global Investors AG Chief Investment Officer Andreas Utermann said.
Deutsche Bank shares slump to lowest level in 25 years as Merkel rules out state aid
Submitted by cpowell on Mon, 2016-09-26 08:16 Section: Daily DispatchesBy Julia Bradshaw
The Telegraph, London
Monday, September 26, 2016
Shares in Deutsche Bank have slumped to their lowest level in a quarter of a century following reports over the weekend that Germany's Chancellor Angela Merkel has ruled out any state assistance for the lender, reviving fears that it could become severely undercapitalized.
Fed seeks sharp limit on Wall Street commodity holdings
Submitted by cpowell on Sat, 2016-09-24 04:13 Section: Daily DispatchesBy Jesse Hamilton
Bloomberg News
Friday, September 23, 2016
Goldman Sachs Group Inc.'s and Morgan Stanley's sometimes lucrative romance with metals, coal, and oil could become prohibitively expensive under a proposed rule released Friday by the Federal Reserve.
Allan Flynn: Monetary metals manipulation lawsuits hanging by a thread
Submitted by cpowell on Fri, 2016-09-23 11:02 Section: Daily Dispatches11a ET Friday, September 23, 2016
Dear Friend of GATA and Gold:
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