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Daily Dispatches
Kinross Gold to sell Russian assets for $680 million
Submitted by admin on Tue, 2022-04-05 14:55 Section: Daily DispatchesFrom Reuters
Tuesday, April 5, 2022
Kinross Gold Corp is selling its Russian assets to the Highland Gold Mining group of companies for a total of $680 million in cash, the Canadian company said today, nearly a month after suspending its operations in the country.
Several companies with exposure to Russia are taking steps to comply with sweeping Western sanctions against Moscow over its invasion of Ukraine.
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Avery Goodman: Buy gold but only for the right reasons
Submitted by admin on Tue, 2022-04-05 11:57 Section: Daily DispatchesBy Avery Goodman
Seeking Alpha, New York
Monday, April 4, 2022
The alternate financial “news,” such as Zerohedge, has recently been flooded with an increasing number of ridiculous articles that claim Russia has “profoundly altered the international trade and monetary system by linking the Russian ruble to gold.”
According to this muddy thinking, Russia’s announcement that it will buy gold at 5000 rubles per gram puts “a floor under the price of gold and the ruble.”
Simply put, it is a ridiculous claim that is easily refuted.
U.S. stops Russian bond payments, raising risk of default
Submitted by admin on Tue, 2022-04-05 11:45 Section: Daily DispatchesBy Megan Davies and Alexandra Alper
Reuters
Tuesday, April 5, 2022
The United States on Monday stopped the Russian government from paying holders of its sovereign debt more than $600 million from reserves held at U.S. banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of dollars.
Under sanctions put in place after Russia invaded Ukraine on Feb. 24, foreign currency reserves held by the Russian central bank at U.S. financial institutions were frozen.
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A 1795 silver dollar is expected to sell for a record $1.25 million
Submitted by admin on Mon, 2022-04-04 20:14 Section: Daily DispatchesBy Fang Block
Penta / Barron's, New York
Monday, April 4, 2022
A 1795 silver dollar is expected to set an all-time record for the category when it goes up for sale on Tuesday with an estimated value of $1.25 million.
The rare coin will be offered at a live auction at the Whitman Coin and Collectibles Expo in Baltimore, marking its first appearance on the market since 1996, according to Stack's Bowers Galleries, which is handling the sale.
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Kyrgyzstan and Canada's Centerra settle Kumtor gold mine dispute
Submitted by admin on Mon, 2022-04-04 20:05 Section: Daily DispatchesBy Clara Denina and Zandi Shabalala
Reuters
Monday, April 4, 2022
LONDON -- Kyrgyzstan will take full control of the Kumtor gold mine, its biggest industrial enterprise, under an out-of-court settlement with Canada-based Centerra Gold after a series of legal disputes over the past year.
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Pam and Russ Martens: $1 trillion in Fed's repo loans rescued stocks in March 2020
Submitted by admin on Mon, 2022-04-04 11:32 Section: Daily DispatchesIn a Six-Day Span in March 2020, the Dow Crashed 5,676 Points; the Fed Responded with Almost $1 Trillion in Repo Loans to 24 Trading Houses
By Pam and Russ Martens
Wall Street on Parade
Monday, April 4, 2022
The Federal Reserve, the central bank of the United States, has a "dual mandate" to target inflation and to maintain "maximum sustainable employment."
Informed by GATA, Russia will drive gold price, fund manager Lawrence Lepard says
Submitted by admin on Sun, 2022-04-03 23:55 Section: Daily Dispatches11:54p ET Sunday, April 3, 2022
Dear Friend of GATA and Gold:
Russia has begun driving the gold price, informed by GATA's work about Western gold price suppression policy, according to Lawrence Lepard, founder and managing partner of Equity Management Associates in Sherborn, Massachusetts, who commented last week in an interview with Tom Bodrovics of Palisades Gold Radio.
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Russia says it wants a new financial architecture for the world
Submitted by admin on Sun, 2022-04-03 12:15 Section: Daily DispatchesKremlin Warns West: Ruble-for-Gas Scheme Is the 'Prototype'
By Guy Raulconbridge
Reuters
Sunday, April 3, 2022
LONDON -- President Vladimir Putin's rouble payment scheme for natural gas is the prototype that the world's largest country will extend to other major exports because the West has sealed the decline of the U.S. dollar by freezing Russian assets, the Kremlin said.
Ronan Manly: Russian ruble is relaunched linked to gold and commodities
Submitted by admin on Fri, 2022-04-01 13:56 Section: Daily Dispatches1:48p ET Friday, April 1, 2022
Dear Friend of GATA and Gold:
The Russian central bank's setting a fixed price for gold in rubles puts a floor under the gold price worldwide, Bullion Star researcher Ronan Manly writes today. Russia's insistence on payment for gas and oil, he adds, will link their prices to gold.
Swiss court rules against gold trade transparency
Submitted by admin on Fri, 2022-04-01 12:12 Section: Daily DispatchesFrom SwissInfo
Swiss Broadcasting Corp., Bern
Thursday, March 31, 2022
Switzerland's Federal Administrative Court has decided in favour of four big gold refineries that were under pressure to disclose their gold suppliers.
The Bern-based Society for Threatened Peoples said today that it took note of the court's decision to "protect business secrecy."
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