Daily Dispatches

By Joe Weisenthal
Bloomberg News
Thursday, July 28, 2016

If you poke around on the internet, you'll find a lot of people who have criticized me for being a "gold hater." Here are two different pieces that took me just a few seconds to find:

http://www.bullionbaron.com/2015/08/the-religion-of-gold-hating.html

There are plenty of tweets out there saying the same thing.

4:16p 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.

By 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.

Assuming, 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.