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Daily Dispatches
Yellow vest protesters aim to crash French banking system
Submitted by cpowell on Thu, 2019-01-10 19:56 Section: Daily DispatchesYellow Vest Protesters to Withdraw All Their Euros in Massive Run on French Banks
From News Corp., Associated Press, and Agence France-Presse
via News Corp. Australia, Sydney
Thursday, January 10, 2019
Barrick Gold's new CEO dismisses Canada HQ debate as 'hysteria'
Submitted by cpowell on Thu, 2019-01-10 13:49 Section: Daily DispatchesBy Dnaielle Bochove
Bloomberg News
Thursday, January 10, 2019
Barrick Gold Corp.'s new chief executive is surprised by the "hysteria" over whether the world's largest gold miner will remain a Canadian company.
4 on trial in theft of huge gold coin from Berlin museum
Submitted by cpowell on Thu, 2019-01-10 10:11 Section: Daily DispatchesFrom the Associated Press, New York
Thursday, January 10, 2019
https://www.apnews.com/783eafeee37b4eeeaf178534c465ae43
BERLIN -- Four young men have gone on trial over the brazen theft of a 100-kilogram (221-pound) Canadian gold coin from a Berlin museum.
The "Big Maple Leaf" coin, worth several million dollars, was stolen from the Bode Museum in March 2017.
Tanzania's president wants central bank to buy country's gold production
Submitted by cpowell on Thu, 2019-01-10 10:06 Section: Daily DispatchesBy Nuzulack Dausen
Business Day, Johannesburg, South Africa
Wednesday, January 9, 2019
DAR ES SALAAM, Tanzania -- Tanzanian President John Magufuli said today the central bank should start buying the country's gold to curb smuggling and build reserves to stabilise the currency.
Russia buys quarter of world yuan reserves in shift from dollar
Submitted by cpowell on Thu, 2019-01-10 09:56 Section: Daily DispatchesBy Natasha Doff and Anna Andrianova
Bloomberg News
Wednesday, January 9, 2019
Russia's central bank dumped $101 billion in U.S. holdings from its huge reserves, shifting into euros and yuan last spring amid a new round of U.S. sanctions.
Tanzania's president orders central bank to create gold reserve
Submitted by cpowell on Wed, 2019-01-09 14:34 Section: Daily DispatchesFrom Agence France-Presse
via The East African, Nairobi, Kenya
Wednesday, January 9, 2019
Tanzanian President John Magufuli today ordered the central bank to create a gold reserve, as he urged the government to better control mineral exports from the country, Africa's fourth largest gold producer.
... Dispatch continues below ...
Will you help GATA reach 100 donors?
Submitted by cpowell on Wed, 2019-01-09 13:29 Section: Daily Dispatches1:33p ET Wednesday, January 9, 2019
Dear Friend of GATA and Gold:
USAGold's January letter sees environment supporting gold prices
Submitted by cpowell on Wed, 2019-01-09 12:38 Section: Daily Dispatches12:39p ET Wednesday, January 9, 2019
Dear Friend of GATA and Gold:
USAGold's News & Views newsletter notes that even as two of the three top gold-producing countries are withholding their production for domestic reserves, gold production in the rest of the world is declining and demand is increasing.
Meanwhile financial markets around the world are engulfed by volatility.
Craig Hemke at Sprott Money: The yuan-gold 'peg' in 2019
Submitted by cpowell on Tue, 2019-01-08 17:47 Section: Daily Dispatches5:45p ET Tuesday, January 8, 2019
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, re-examines the correlation of gold prices with the Chinese yuan but can't be sure that some entity is tying them together.
Hemke also examines the trends of gold and silver generally and senses that speculators are moving from short to long.
Sven Henrich: Ugly truth is that Fed is propping up the stock market
Submitted by cpowell on Tue, 2019-01-08 11:50 Section: Daily DispatchesBy Sven Henrich
MarketWatch, New York
Monday, January 7, 2019
For years critics of U.S. central-bank policy have been dismissed as Negative Nellies, but the ugly truth is staring us in the face: Stock-market advances remain a game of artificial liquidity and central-bank jawboning, not organic growth. And now the jig is up.
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