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Daily Dispatches

Australia's 'As Good As Gold' brothers interview GATA chairman

Section: Daily Dispatches

5:15p ET Tuesday, August 6, 2019

Dear Friend of GATA and Gold:

Darryl and Brian Panes of As Good As Gold Australia interviewed GATA Chairman Bill Murphy the other day, discussing the prospects for the monetary metals as the longstanding price suppression by central banks and their agents is showing signs of stress.

Craig Hemke at Sprott Money: Gold's next target

Section: Daily Dispatches

4p ET Tuesday, August 6, 2019

Dear Friend of GATA and Gold:

Scientific discovery gives hope for monetary metals derivatives

Section: Daily Dispatches

Get this right over to the Bank of England.

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World's Thinnest Gold 'Just Two Atoms Thick' Created in Lab

By Sean Keach
The Sun, London
Tuesday, August 6, 2019

Gold that is just two atoms thick has been created in a lab by British scientists.

Negative rates at Swiss banks seem to invite customers to move cash into gold

Section: Daily Dispatches

UBS' Rich Clients to Feel Negative Rates Pain as Fees Extended

By Patrick Winters
Bloomberg News
Tuesday, August 6, 2019

UBS Group plans to expand a policy of charging rich clients for holding excess cash in their accounts as negative interest rates in Europe are poised to stay.

Soaring Japanese yen spurs speculation about stealth intervention

Section: Daily Dispatches

By Leo Lewis
Financial Times, London
Monday, August 5, 2019

The yen's surge beyond a key threshold against the U.S. dollar has sparked speculation among traders in Tokyo that Japan's $1.6 trillion government pension fund could engage in "stealth intervention" to soften the currency over coming weeks.

BRICs bank seeks move away from funding in dollars

Section: Daily Dispatches

By Tom Hancock
Financial Times, London
Monday, August 5, 2019

The New Development Bank, a lender owned by Brazil, India, Russia, China, and South Africa, is aiming to almost double its lending this year and shift its loan book away from the U.S. dollar to emphasize lending in local currencies.

Yuan's slide is watershed moment for China

Section: Daily Dispatches

By George Magnus
Bloomberg News
Tuesday, August 6, 2019

Trump imposes total U.S. freeze on Venezuelan government assets

Section: Daily Dispatches

By Makini Brice, Eric Beech, Matt Spetalnick, and Roberta Rampton
Reuters
Monday, August 5, 2019

WASHINGTON -- President Donald Trump today imposed a freeze on all Venezuelan government assets in the United States, sharply escalating a diplomatic and sanctions drive aimed at removing socialist President Nicolas Maduro from power.

China limits yuan's fall after being labeled currency manipulator

Section: Daily Dispatches

By Tian Chen
Bloomberg News
Monday, August 5, 2019

China took steps to slow the yuan's descent as the effects of Monday's tumble continued to weigh on markets.

This year more than ever, gold and silver investors should be in New Orleans

Section: Daily Dispatches

9:53p ET Monday, August 5, 2019

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy and your secretary/treasurer again will be speaking at the New Orleans Investment Conference this year, and in the letter below the conference's organizer, Gold Newsletter Editor Brien Lundin, explains why you should join us there.

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