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Daily Dispatches
'Informal' mining means gold price is too low to protect miners, environment
Submitted by cpowell on Mon, 2015-05-18 15:26 Section: Daily DispatchesOpen-Pit Gold Mine Collapse in Guyana Traps 10 Miners
From The Associated Press
Via ABC News, New York
Monday, May 18, 2015
http://abcnews.go.com/International/wireStory/open-pit-gold-mine-collaps...
GEORGETOWN, Guyana -- An open-pit gold mine in remote southern Guyana has collapsed and buried up to 10 miners in debris.
Book review: 'The Floating Kilogram' -- the Federalist Papers for a gold standard
Submitted by cpowell on Mon, 2015-05-18 11:45 Section: Daily DispatchesBy Ralph Benko
Forbes
Monday, May 18, 2015
It's metal fundamentals vs. open interest again, Embry tells KWN
Submitted by cpowell on Mon, 2015-05-18 11:28 Section: Daily Dispatches11:25a ET Monday, May 18, 2015
Dear Friend of GATA and Gold:
PwC’s New York Fed hire said to spur secrecy concerns at Goldman
Submitted by cpowell on Mon, 2015-05-18 07:57 Section: Daily DispatchesRobert Schmidt and Ian Katz
Bloomberg News
Monday, May 18, 2015
The New York Federal Reserve's lead supervisor of Goldman Sachs Group Inc. has quit for a job advising other financial firms, triggering concerns within the Wall Street bank that some of its business secrets might not stay so secret.
'Central banks aren't trading the gold market the way they used to'
Submitted by cpowell on Mon, 2015-05-18 07:50 Section: Daily DispatchesTraders Warn on Gold Liquidity
By Henry Sanderson
Financial Times, London
Monday, May 18, 2015
A few years ago London's precious metals traders would arrive at their desks to find the phones flashing. On the other end of the line were rival banks looking to buy and sell gold. Today the trading floors are a lot quieter.
Save the rhinos: Create a futures market for their horns and have the NY Fed short it
Submitted by cpowell on Sun, 2015-05-17 20:55 Section: Daily DispatchesAt $60,000 a Pound, Illegal Rhino Horn Declared More Valuable than Gold, Diamonds, and Cocaine
By Jennifer Harper
The Washington Times
Sunday, May 17, 2015
Could a human hankering for exotic elixirs, curatives, and aphrodisiacs turn rhino horn into a $20 billion-a-year industry and take out an entire species of animals at the same time?
To central bankers, these deaths are just collateral damage of currency market rigging
Submitted by cpowell on Sun, 2015-05-17 20:47 Section: Daily DispatchesBuried Alive: Young Liberians Risk All in Deadly Mines
By Zoom Dosso
Agence France-Presse
via Yahoo News, New York
Sunday, May 17, 2015
DARK FOREST, Liberia -- Peter Kollie was digging for gold in the forests of southeastern Liberia when the deep shaft he had carved out of the earth collapsed, turning into a dark, airless tomb.
Obama seeks to keep U.S. veto at IMF as China's influence is expanded
Submitted by cpowell on Sun, 2015-05-17 20:24 Section: Daily DispatchesBy Andrew Mayeda
Bloomberg News
Sunday, May 17, 2015
The Obama administration has signaled it won't jeopardize the U.S. power to veto IMF decisions to achieve its goal of giving China and other emerging markets more clout at the lender, according to people familiar with the matter.
Peru is another rich country insisting on being poor and pockmarked
Submitted by cpowell on Sun, 2015-05-17 11:54 Section: Daily Dispatches11:56a ET Sunday, May 17, 2015
Dear Friend of GATA and Gold:
National Public Radio today broadcast and published a long report about the environmental devastation done by wildcat gold miners in Peru, a phenomenon common throughout the part of the developing world that has mineral resources:
http://www.npr.org/sections/goatsandsoda/2015/05/17/398765777/who-did-th...
Koos Jansen: World Gold Council continues to underestimate Chinese gold demand
Submitted by cpowell on Sat, 2015-05-16 21:45 Section: Daily Dispatches9:45p ET Saturday, May 16, 2015
Dear Friend of GATA and Gold:
The World Gold Council, gold researcher and GATA consultant Koos Jansen reports today, continues to vastly underestimate gold demand in China. Jansen's commentary is headlined "SGE Withdrawals vs. WGC Demand, Q1 2015" and it's posted at Bullion Star here:
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