Daily Dispatches

Craig Hemke at Sprott Money: 2019 price forecast for gold and silver

Submitted by cpowell on Tue, 2019-01-15 14:02 Section: Daily Dispatches

2p ET Tuesday, January 15, 2019

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing at Sprott Money, today details why 2019 should be a strong year for the monetary metals, even as the bullion banks will retard all rallies to keep gold and silver under control. Hemke's analysis is headlined "Gold and Silver 2019 Price Forecast" and it's posted at Sprott Money here:

Read more about Craig Hemke at Sprott Money: 2019 price forecast for gold and silver

Turkey set to refine more Venezuelan gold as Maduro sends committee

Submitted by cpowell on Mon, 2019-01-14 21:14 Section: Daily Dispatches

From Ahval, Berlin, Germany
Monday, January 14, 2019

A committee from Venezuela is set to arrive in Turkey to discuss a gold-refining deal between Ankara and Caracas, pro-government Yeni Safak daily reported.

Read more about Turkey set to refine more Venezuelan gold as Maduro sends committee

Russia plans to tackle U.S. sanctions with bitcoin, Kremlin economist says

Submitted by cpowell on Mon, 2019-01-14 19:47 Section: Daily Dispatches

By Hasan Chowdhury
The Telegraph, London
Monday, January 14, 2019

Russia is preparing an investment in bitcoin to replace the US dollar as a reserve currency in a bid to tackle US sanctions, according to a Russian economist with close ties to the Kremlin.

Read more about Russia plans to tackle U.S. sanctions with bitcoin, Kremlin economist says

Newmont to become largest gold producer with $10 billion purchase of Goldcorp

Submitted by cpowell on Mon, 2019-01-14 10:33 Section: Daily Dispatches

By John Benny
Reuters
Monday, January 14, 2019

Newmont Mining Corp said today it would buy smaller rival Goldcorp Inc. in a deal worth $10 billion, creating the world's biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal.

Read more about Newmont to become largest gold producer with $10 billion purchase of Goldcorp

Bank of China to enable payment in yuan on U.S. e-commerce platforms

Submitted by cpowell on Sun, 2019-01-13 11:14 Section: Daily Dispatches

By Tom Daly
Reuters
Sunday, January 13, 2019

BEIJING -- Bank of China's New York branch will enable Chinese firms to receive payment in yuan rather than dollars from their sales on U.S. e-commerce platforms this year, the official Xinhua news agency reported today.

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Sea shells? Oxen? Zimbabwe plans a new currency as dollar shortage bites

Submitted by cpowell on Sat, 2019-01-12 19:28 Section: Daily Dispatches

Another resource- and gold-rich country insisting on being poor.

* * *

By MacDonald Dzirutwe
Bloomberg News
Saturday, January 12, 2019

HARARE, Zimbabwe -- Zimbabwe will introduce a new currency in the next 12 months, the country's finance minister said, as a shortage of U.S. dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest.

Read more about Sea shells? Oxen? Zimbabwe plans a new currency as dollar shortage bites

Ronan Manly: Separating truth from fiction in China's golden game of poker

Submitted by cpowell on Sat, 2019-01-12 13:47 Section: Daily Dispatches

1:48p ET Saturday, January 12, 2019

Dear Friend of GATA and Gold:

Read more about Ronan Manly: Separating truth from fiction in China's golden game of poker

Tocqueville gold letter: Explosion in U.S. debt foretells dollar's devaluation against gold

Submitted by cpowell on Sat, 2019-01-12 10:49 Section: Daily Dispatches

10:48a ET Saturday, January 12, 2019

Dear Friend of GATA and Gold:

In the Tocqueville gold letter for January, fund manager John Hathaway argues that the explosion of U.S. government debt to banana republic levels foretells a big devaluation of the dollar against gold. (Just don't ask him why it hasn't happened already.)