You are here
Daily Dispatches
TD's $230 billion man goes maximum gold as volatility mounts
Submitted by cpowell on Thu, 2016-07-28 10:33 Section: Daily DispatchesBy Eric Lam and Allison McNeely
Bloomberg News
Thursday, July 28, 2016
In a world flush with central bank stimulus and swirling with volatility, Bruce Cooper is pushing for the one asset he says he can count on: gold.
DRD Gold CEO sees metal shortage as 'paper gold' increases
Submitted by cpowell on Wed, 2016-07-27 16:17 Section: Daily Dispatches4:16p ET Wednesday, July 27, 2016
Dear Friend of GATA and Gold:
Mining Weekly this week quotes DRD Gold CEO Niel Pretorius as recognizing a growing problem with "paper gold," with the supply expanding while gold production declines.
"There's a shortage of real gold to cover the paper gold position that's out there," Pretorius says.
K92 Mining may show that Barrick is much better at geology than business
Submitted by cpowell on Wed, 2016-07-27 15:59 Section: Daily Dispatches3:55p ET Wednesday, July 27, 2016
Dear Friend of GATA and Gold:
Reuters reported today that, continuing efforts to reduce its huge debt, Barrick Gold is negotiating to sell another $1.9 billion in gold-mining interests in Africa:
Barrick weighs sale of $1.9 billion Acacia stake, sources tell Reuters
Submitted by cpowell on Wed, 2016-07-27 10:18 Section: Daily DispatchesBy John Tilak and Nicole Mordant
Reuters
Tuesday, July 28, 2016
Barrick Gold Corp, the world's largest gold producer, is weighing a sale of its majority stake in African unit Acacia Mining and has approached several South African miners, according to sources familiar with the situation.
Nick Barisheff: Gold and pork bellies
Submitted by cpowell on Tue, 2016-07-26 15:57 Section: Daily DispatchesThe former is always money, the latter is breakfast.
* * *
By Nick Barisheff
BMG Bullion, Markham, Ontario, Canada
Tuesday, July 26, 2016
'Impending gold production cliff' may deliver a jolt to prices
Submitted by cpowell on Tue, 2016-07-26 15:48 Section: Daily DispatchesAssuming, of course, that buyers want actual metal instead of "paper gold."
* * *
By Myra P. Saefong
Marketwatch.com, New York
Tuesday, July 26, 2016
Gold discoveries peaked in 2007 and production will soon follow, strengthening the value of the yellow metal and possibly fueling a boom in mergers and acquisitions in the gold-mining sector, according to Sprott Asset Management.
Events are against monetary metals this week, Turk tells KWN
Submitted by cpowell on Mon, 2016-07-25 18:06 Section: Daily Dispatches6:04p ET Monday, July 25, 2016
Dear Friend of GATA and Gold:
Events are against the monetary metals this week, GoldMoney founder and GATA consultant James Turk tells King World News today. Turk adds that if the metals show any strength at all this week, it will be a sign that governments are losing control of the market. An excerpt from the interview is posted at KWN here:
Lawrie Williams: Swiss gold stats show continuing flows back to West
Submitted by cpowell on Mon, 2016-07-25 15:24 Section: Daily Dispatches3:23p ET Monday, July 25, 2016
Dear Friend of GATA and Gold:
Paul Mylchreest: Standoff in gold between speculators and price-suppressing banks
Submitted by cpowell on Mon, 2016-07-25 15:10 Section: Daily Dispatches3:09p ET Monday, July 25, 2016
Dear Friend of GATA and Gold:
Market analyst Paul Mylchreest of ADM Investor Services International in London --
Mike Kosares: In Bankrate survey, 1 in 6 choose gold for 10-year investment
Submitted by cpowell on Mon, 2016-07-25 14:56 Section: Daily DispatchesBy Michael Kosares
USAGold.com, Centennial, Colorado
Monday, July 25, 2016
One in six investors chose gold as the best place to park money they wouldn't need for more than 10 years -- the same number that chose stocks, according to a recent Bankrate survey. Another 6 percent chose bonds, while 25 percent chose real estate and 23 percent said they would simply bank the money.
Pages
