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Daily Dispatches
John Foley: America could actually shirk its debts to China
Submitted by cpowell on Mon, 2020-05-04 22:04 Section: Daily DispatchesBy John Foley
Reuters
Monday, May 4, 2020
NEW YORK -- With all the economic damage China wrought by covering up Covid-19's spread, why should Uncle Sam pay back the $1.1 trillion it owes the People's Republic?
Iran's parliament backs move to remove 4 zeros from its currency
Submitted by cpowell on Mon, 2020-05-04 21:42 Section: Daily DispatchesBy Najmeh Bozorgmehr
Financial Times, London
Monday, May 4, 2020
Iran's parliament has backed government plans to slash four zeros from the country's currency, the rial, which has been battered by a fall in value as a result of US sanctions.
India's gold imports fell by 99.5% in April
Submitted by cpowell on Mon, 2020-05-04 10:20 Section: Daily DispatchesBy Shruti Srivastava and Swansy Afonso
Bloomberg News
Monday, May 4, 2020
India, the world's biggest consumer of gold after China, imported its lowest monthly volumes in at least a decade after curbs to control the coronavirus pandemic grounded air transport and shuttered jewelry stores.
Gold bars fight Covid kits for space on the plane
Submitted by cpowell on Sun, 2020-05-03 12:43 Section: Daily DispatchesBy Elena Mazneva, Justina Vasquez, and Ranjeetha Pakiam
Bloomberg News
Sunday, May 3, 2020
Swiss refiner Valcambi SA tried for five straight days last month to move a shipment of gold out of Hong Kong. Twice the metal was packed carefully onto a plane, only to be offloaded again.
GATA supporters have a special connection to The Calandra Report
Submitted by cpowell on Sat, 2020-05-02 22:11 Section: Daily DispatchesSubscribe at a discount this weekend, gain insights about gold and silver miners, make money, and help GATA.
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Dear Friend of GATA and Gold:
Britain is facing a gold rush as the price doubles in five years
Submitted by cpowell on Sat, 2020-05-02 22:06 Section: Daily DispatchesBy Tom Ball
The Times, London
Saturday, May 2, 2020
When gold was first found in California it provoked a frenzy that pushed avaricious Americans to abandon their families and reshaped the United States.
Bill Stack: The gold vs. paper breakout
Submitted by cpowell on Sat, 2020-05-02 21:59 Section: Daily DispatchesBy Bill Stack
U.S. Gold Bureau, Leander, Texas
Thursday, April 30, 2020
Gold seems to be breaking away from what has held it back for years -- its lighter, paper cousin.
There has been a developing disconnect lately between the price of actual gold (atomic symbol Au), and the price of paper that represents gold.
... Dispatch continues below ...
Barrick welcomes Papua New Guinea court decision ordering negotiations over mine
Submitted by cpowell on Fri, 2020-05-01 19:25 Section: Daily DispatchesFrom Reuters
Friday, May 1, 2020
SYDNEY -- Barrick Gold Corp. said today it welcomed a court ruling ordering the Papua New Guinea government to negotiate over a lease extension for the Porgera gold mine.
PNG Prime Minister James Marape said last week that the country would not grant the mine a 20-year operating extension due to environmental damage and social unrest.
CME Group has prepared for clearing member defaults for some years now
Submitted by cpowell on Fri, 2020-05-01 12:19 Section: Daily Dispatches12:18p ET Friday, May 1, 2020
Dear Friend of GATA and Gold:
Yesterday's MarketWatch report about the "credit facility" arranged by CME Group, operator of the major U.S. futures exchanges, to cover defaults by clearing members of its exchanges --
-- does not necessarily mean that any of its exchanges are at immediate risk of such defaults.
Ronan Manly: LBMA gold price benchmark ignores market conditions and shortchanges investors
Submitted by cpowell on Fri, 2020-05-01 00:47 Section: Daily DispatchesBy Ronan Manly
BullionStar.com, Singapore
Thursday, April 30, 2020
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