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Daily Dispatches
Venezuela asks Bank of England to sell its gold to UN for coronavirus relief, sources tell Reuters
Submitted by cpowell on Thu, 2020-04-30 11:04 Section: Daily DispatchesBy Corina Pons and Mayela Armas
Reuters
Wednesday, April 29, 2020
CARACAS -- Venezuela is asking the Bank of England to sell part of the South American nation's gold reserves held in its coffers and send the proceeds to the United Nations to help with the country's coronavirus-fighting efforts, according to two sources with knowledge of the situation.
Russian central bank sees no need to restart gold buying
Submitted by cpowell on Wed, 2020-04-29 14:10 Section: Daily DispatchesFrom Reuters
Wednesday, August 29, 2020
MOSCOW -- Russia's central bank sees no current need to restart purchases of gold for its reserves, it said in a letter to an association of Russian banks, a copy of which was seen by Reuters today.
Short squeeze is ending gold suppression by derivatives, Macleod tells KWN
Submitted by cpowell on Wed, 2020-04-29 12:55 Section: Daily Dispatches12:50p ET Wednesday, April 29, 2020
Dear Friend of GATA and Gold:
With infinite money now being created by the Federal Reserve, GoldMoney research director Alasdair Macleod tells King World News, bullion banks that are typically short gold are striving to close their positions and restricting their trading desks.
Pam and Russ Martens: How the Fed manipulated junk bonds to help the Dow
Submitted by cpowell on Wed, 2020-04-29 12:40 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, April 29, 2020
Deepest gold mines are on a 'cliff' as virus cuts output
Submitted by cpowell on Wed, 2020-04-29 12:06 Section: Daily DispatchesNo problem. The paper mills are still operating and people are still buying paper gold.
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By Felix Njini
Bloomberg News
Wednesday, April 29, 2020
South Africa's gold industry output has dwindled to a fifth of its 1970s' peak as ever-deepening shafts and higher costs take their toll. The coronavirus may pose an even bigger threat.
Craig Hemke at Sprott Money: Brighter days for the mining shares
Submitted by cpowell on Tue, 2020-04-28 20:31 Section: Daily Dispatches8:30p ET Tuesday, April 28, 2020
Dear Friend of GATA and Gold:
Scotiabank to close its venerable metals business, sources tell Reuters
Submitted by cpowell on Tue, 2020-04-28 19:57 Section: Daily DispatchesBy Peter Hobson
Reuters
Tuesday, April 28, 2020
LONDON -- Bank of Nova Scotia (Scotiabank) told staff today it would close its metals business, drawing the curtain on one of the most venerable names in precious metals trading, two sources familiar with the matter told Reuters.
GATA supporters have a special connection to The Calandra Report
Submitted by cpowell on Tue, 2020-04-28 13:37 Section: Daily DispatchesSubscribe at a discount today, gain insights about gold and silver miners, make money, and help GATA.
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1:38p ET Tuesday, April 28, 2020
Dear Friend of GATA and Gold:
Papua New Guinea threatens to seize Barrick's Porgera gold mine
Submitted by cpowell on Tue, 2020-04-28 11:27 Section: Daily DispatchesBy Neil Hume
Financial Times, London
Tuesday, April 28, 2020
Papua New Guinea has raised the stakes in its dispute with Barrick Gold, threatening to take control of the Porgera gold mine if it remains closed.
Shanghai gold boss wants super-sovereign currency for post-crisis times
Submitted by cpowell on Tue, 2020-04-28 11:22 Section: Daily DispatchesBy Samuel Shen and Emily Chow
Reuters
Tuesday, April 28, 2020
SHANGHAI -- The president of the Shanghai Gold Exchange has called for a new super-sovereign currency to offset the global dominance of the U.S. dollar, which he predicted would decline long term, while gold prices rally.
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