Daily Dispatches

10:29a ET Tuesday, June 11, 2019

Dear Friend of GATA and Gold:

Responding to your secretary/treasurer's observation Sunday that central bank and government interventions against gold have been becoming more obvious --

http://www.gata.org/node/19134

-- our friend C.W. writes that the more obvious interventions against gold become, the more effective they are.

China Gold Reserves Climb for Sixth Month in May

By Alice Woodhouse
Financial Times, London
Monday, June 10, 2019

https://www.ft.com/content/ca50aa10-8b18-11e9-a1c1-51bf8f989972?desktop=...

China increased its gold purchases for the sixth month running in May, taking its total reserves to 1,916 tonnes, while the country's foreign exchange holdings defied expectations for a fall.

By Felix Njini
Bloomberg News
Sunday, June 9, 2019

The country that led global gold production for a century and extracted about half the bullion ever mined is now Africa's second-largest gold producer. Output is shrinking as operators capitulate to stubbornly high costs, regular strikes and the geological challenges of tapping the world's deepest mines.

From Agence France-Presse
via The Business Times, Singapore
Friday, June 7, 2019

https://www.businesstimes.com.sg/government-economy/putin-says-role-of-d...

ST. PETERSBURG, Russia -- Russian leader Vladimir Putin on Friday renewed calls to revisit the role of the U.S. dollar in global trade and accused Washington of seeking to dominate the world.