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Daily Dispatches
Deutsche Bank lost $1.6 billion on municipal bond bet, concealed it
Submitted by cpowell on Wed, 2019-02-20 22:42 Section: Daily DispatchesBy Jenny Strasburg and Gretchen Morgenson
The Wall Street Journal
Wednesday, February 20, 2019
Deutsche Bank racked up a loss of $1.6 billion over nearly a decade on a complex municipal-bond investment that it bought in the run-up to the 2008 financial crisis and failed to confront even as markets were upended and regulations tightened.
Feds advance Alaska's Pebble gold and copper project with release of draft environmental review
Submitted by cpowell on Wed, 2019-02-20 22:33 Section: Daily DispatchesBy Alex DeMarban
Anchorage Daily News, Anchorage, Alaska
Wednesday, February 20,2019
The Trump administration today unveiled the first draft environmental review of the controversial Pebble gold and copper project.
Barrick outlines agreement with Tanzania aimed at ending Acacia gold export ban
Submitted by cpowell on Wed, 2019-02-20 21:44 Section: Daily DispatchesBy Niall McGee
The Globe and Mail, Toronto
Wednesday, February 20, 2019
https://www.theglobeandmail.com/business/article-barrick-outlines-agreem...
Is palladium the magic bullet against the banking cartel, or is it about to crash?
Submitted by cpowell on Wed, 2019-02-20 21:15 Section: Daily Dispatches9:13p ET Wednesday, February 20, 2019
Dear Friend of GATA and Gold:
In sharp U-turn, monetary policy easing is back in play across Asia
Submitted by cpowell on Wed, 2019-02-20 10:31 Section: Daily DispatchesBy Marius Zaharia
Reuters
Wednesday, February 20, 2019
HONG KONG -- A slowing global economy and increasing strain on businesses from a year-long Sino-U.S. trade war are tilting central banks from Japan to Australia toward monetary easing in a remarkable 180-degree turn.
Shuli Ren: U.S., not China, is the currency manipulator
Submitted by cpowell on Wed, 2019-02-20 10:17 Section: Daily DispatchesThe Yuan Has Been Tracking the Dollar, So Any Volatility Begins at Home in Washington.
By Shuli Ren
Bloomberg News
Wednesday, February 20, 2019
President Donald Trump should take a look in the mirror. China isn't the currency manipulator.
Ronan Manly: Unaccountability with Australia's gold is typical of central banking
Submitted by cpowell on Tue, 2019-02-19 11:06 Section: Daily Dispatches11:05a ET Tuesday, February 19, 2019
Dear Friend of GATA and Gold:
Elaborating on his interview with Russia Today this week about the refusal of the Reserve Bank of Australia and the Bank of England to account for Australia's supposed gold reserves --
Australia's gold also may have been lost at Bank of England
Submitted by cpowell on Mon, 2019-02-18 14:00 Section: Daily Dispatches2p ET Monday, February 18, 2019
Dear Friend of GATA and Gold:
Venezuela's gold isn't the only monetary metal raising questions about the custodianship afforded by the Bank of England, Bullion Star gold researcher Ronan Manly writes today.
Physical demand from central banks, big traders is overpowering futures, Maguire tells KWN
Submitted by cpowell on Sun, 2019-02-17 11:28 Section: Daily Dispatches11:28a ET Sunday, February 17, 2019
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire tells King World News this week that physical demand from central banks and other big traders is building outside public view and becoming more important than trader reports from the futures market, which are always discouraging for longs.
Russian bank freezes accounts of Venezuela's oil company, source tells Reuters
Submitted by cpowell on Sun, 2019-02-17 10:46 Section: Daily DispatchesBy Tatiana Voronova
Reuters
Sunday, February 17, 2019
MOSCOW -- Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters today.
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