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Daily Dispatches
Bank of England stalls return of Venezuela's gold
Submitted by cpowell on Thu, 2018-11-08 20:37 Section: Daily DispatchesThis should clean out the rest of the Bank of England's custodial gold PDQ.
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Maduro Scrambles to Bring Venezuela's Gold Back from the UK
By Stephen Gibbs
The Times, London
Wednesday, November 7, 2018
Ted Butler: A crack in the dike
Submitted by cpowell on Thu, 2018-11-08 10:31 Section: Daily Dispatches10:32a ET Thursday, November 8, 2018
Dear Friend of GATA and Gold:
Dumping the dollar, Iran and South Korea agree to cross-currency trade
Submitted by cpowell on Wed, 2018-11-07 19:39 Section: Daily DispatchesFrom Russia Today, Moscow
Wednesday, November 7, 2018
South Korea and Iran have agreed to switch to national currencies in trade exchanges as the sides aim to strengthen relations despite the U.S. sanctions on Tehran.
The agreement is of great importance to both countries, Yonhap News Agency reported, explaining that the deal indicated Korea's concerns about relations with Iran.
Ex-Morgan trader pleads guilty to rigging monetary metals, implicates supervisors at bank
Submitted by cpowell on Tue, 2018-11-06 20:24 Section: Daily DispatchesHow did that "exhaustive" investigation of the silver market by the U.S. Commodities Futures Trading Commission miss this? How will the World Gold Council and most monetary metals mining companies continue to miss it? How many more anti-trust lawsuits will this prompt? Anybody seen Blythe Masters lately?
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Craig Hemke at Sprott Money: Into year-end with gold and silver
Submitted by cpowell on Tue, 2018-11-06 17:57 Section: Daily Dispatches5:58p ET Tuesday, November 6, 2018
Dear Friend of GATA and Gold:
Writing today at Sprott Money, the TF Metals Report's Craig Hemke analyzes why gold and silver have failed to fulfill expectations this year but adds why he thinks they could recover by the end of the year. Hemke's analysis is headlined "Into Year-End with Gold and Silver" and it's posted at Sprott Money here:
Energy cost of 'mining' bitcoin is more than twice that of gold
Submitted by cpowell on Tue, 2018-11-06 16:05 Section: Daily DispatchesBy Alex Hern
The Guardian, London
Monday, November, 5, 2018
The amount of energy required to "mine" one dollar's worth of bitcoin is more than twice that required to mine the same value of copper, gold, or platinum, according to a new paper, suggesting that the virtual work that underpins bitcoin, ethereum, and similar projects is more similar to real mining than anyone intended.
Bill Murphy: GATA's past and the future of gold and silver
Submitted by cpowell on Tue, 2018-11-06 11:12 Section: Daily DispatchesRemarks by Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Friday, November 2, 2018
Thanks for taking the time to come by on a bustling Friday night in New Orleans.
Barrick in talks with Newmont to combine Nevada gold operations, sources tell Reuters
Submitted by cpowell on Mon, 2018-11-05 10:42 Section: Daily DispatchesBy Zandi Shabalalaand Clara Denina
Reuters
Monday, November 5, 2018
LONDON -- Barrick Gold Corp, which is being reorganized by Barrick’s $6.1 billion takeover of Randgold Resources, is in talks with Newmont Mining to combine their Nevada gold mining operations, sources told Reuters.
Ronan Manly: Recent central bank gold purchases probably have little effect on price
Submitted by cpowell on Mon, 2018-11-05 10:18 Section: Daily Dispatches9:21a CT Monday, November 5, 2018
Dear Friend of GATA and Gold:
Venezuela seeks to repatriate $550 million of gold from Britain, sources tell Reuters
Submitted by cpowell on Mon, 2018-11-05 09:24 Section: Daily DispatchesBy Mayela Armas
Reuters
Monday, November 5, 2018
CARACAS -- Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters.
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