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Daily Dispatches
Another German bank in trouble: Commerzbank to cut 9,600 jobs, suspend dividend
Submitted by cpowell on Thu, 2016-09-29 08:31 Section: Daily DispatchesBy Marion Dakers
The Telegraph, London
Thursday, September 29, 2016
Commerzbank, the second-biggest bank in Germany, has suspended its dividend and revealed more than 9,000 job losses as it tries to shore up its business in the face of ultra-low interest rates and sagging client activity.
Russian central bank can't explain why it keeps buying gold
Submitted by cpowell on Thu, 2016-09-29 08:20 Section: Daily DispatchesRussian Central Bank Says It Has No Aim to Raise Gold's Share in Reserves
By Yelena Fabrichnaya, Lidia Kelly, and Maria Kiselyova
Reuters
Wednesday, September 28, 2016
http://www.reuters.com/article/russia-cenbank-gold-reserves-idUSR4N1BY01U
Koos Jansen: How constant is gold's purchasing power?
Submitted by cpowell on Wed, 2016-09-28 11:00 Section: Daily Dispatches11a ET Wednesday, September 28, 2016
Dear Friend of GATA and Gold:
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.
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