Daily Dispatches

Alasdair Macleod: Guessing the future without Say's Law

Submitted by cpowell on Fri, 2016-03-25 02:41 Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, March 24, 2016

With Japanese and Eurozone interest rates becoming increasingly negative and the Fed backing off from at least some of the planned increases in the Fed funds rate this year, economists are reassessing the interest rate outlook.

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Once reviled, gold hedging makes an unexpected return

Submitted by cpowell on Fri, 2016-03-25 02:24 Section: Daily Dispatches

By Peter Kovan
National Post, Toronto
Thursday, March 24, 2016

New Gold Inc. was braced for a vicious backlash from the investment community when it decided to hedge some gold production earlier this month.

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Barrick Gold cuts executive chairman's pay 76% after investor criticism

Submitted by cpowell on Fri, 2016-03-25 02:10 Section: Daily Dispatches

By Doug Alexander
Bloomberg News
Thursday, March 24, 2016

Barrick Gold Corp. awarded Executive Chairman John Thornton $3.08 million in total compensation, 76 percent less than last year, after he gave up his bonus in the wake of investor criticism of pay packages at the world's largest gold producer.

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Barrick Gold to face U.S. group lawsuit over South American mine

Submitted by cpowell on Fri, 2016-03-25 02:04 Section: Daily Dispatches

By Amrutha Penumudi
Reuters
Thursday, March 24, 2016

A federal judge on Wednesday granted class certification for a U.S. class-action lawsuit filed against Barrick Gold Corp claiming that Barrick misstated facts of its now-halted Pascua-Lama gold-mine project on the border of Argentina and Chile.

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China's vice finance minister denies any secret US-China exchange rate deal

Submitted by cpowell on Wed, 2016-03-23 08:15 Section: Daily Dispatches

By Sun Qizi and Pete Sweeney
Reuters
Monday, March 21, 2016

China's vice finance minister said on Tuesday there was no secret agreement between the United States and China regarding adjustments to exchange rates.

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World's richest Hindu temple wants gold back rather than cash

Submitted by cpowell on Wed, 2016-03-23 08:02 Section: Daily Dispatches

By Nidhi Verma and Rajendra Jadhav
Reuters
Wednesday, March 23, 2016

The world's richest Hindu temple is asking to be repaid in gold for longer-term deposits it makes under the Indian government's monetization scheme in order to make the plan more attractive to the temples that are sitting on thousands of tonnes of the metal.

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Hugo Salinas Price: It's 1790 all over again

Submitted by cpowell on Tue, 2016-03-22 16:21 Section: Daily Dispatches

4:20a ChST Wednesday, March 23, 2016

Dear Friend of GATA and Gold:

Hugo Salinas Price, president of the Mexican Civic Association for Silver, explains today why "It's 1790 All Over Again," another age of irredeemable money in which economists are not quite as smart as they think they are. His commentary is posted at the association's Internet site, Plata.com.mx, here: