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Daily Dispatches
Central banks to increase gold buying for first time since 2013
Submitted by cpowell on Wed, 2018-10-24 09:50 Section: Daily DispatchesBy Rupert Rowling
Bloomberg News
Wednesday, October 24, 2018
Central banks are set to increase their purchases of gold in 2018 for the first time in five years as eastern European and Asian countries seek to diversify their reserves.
Craig Hemke at Sprott Money: Russia may not save price suppression in palladium this time
Submitted by cpowell on Tue, 2018-10-23 21:03 Section: Daily Dispatches9p ET Tuesday, October 23, 2018
Dear Friend of GATA and Gold:
Don't count on geopolitical tensions to support gold, Lundin cautions
Submitted by cpowell on Tue, 2018-10-23 10:22 Section: Daily Dispatches10:22a ET Tuesday, October 23, 2018
Dear Friend of GATA and Gold:
Interviewed this week by Maurice Jackson for Proven and Probable, Gold Newsletter editor Brien Lundin cautions against counting on geopolitical tensions to support monetary metals prices. Only monetary issues are likely to support monetary metals prices in the long term, Lundin says.
Looks like China will yield to U.S. sanctions on Iran
Submitted by cpowell on Tue, 2018-10-23 09:44 Section: Daily DispatchesExclusive: As U.S. Sanctions Loom, China's Bank of Kunlun to Stop Receiving Iran Payments, Sources Say
By Chen Aizhu and Shu Zhang
Reuters
Tuesday, October 23, 2018
Equity Management Associates: Reversion to mean would send monetary metals soaring
Submitted by cpowell on Sat, 2018-10-20 09:42 Section: Daily Dispatches9:44a ET Saturday, October 20, 2018
Dear Friend of GATA and Gold:
Our friend Lawrence Lepard, managing partner of Equity Management Associates in Wellesley, Massachusetts, whose investments have been concentrated in the monetary metals mining industry, has just sent a letter to his investors outlining the case for an upward reversal in the industry's fortunes.
With gold rallying, you'll want to be at the New Orleans Investment Conference
Submitted by cpowell on Fri, 2018-10-19 10:49 Section: Daily DispatchesBy Brien Lundin
Editor, Gold Newsletter
and CEO, New Orleans Investment Conference
Friday, October 19, 2018
Zero Hedge: Yuan's correlation with gold price suddenly snaps
Submitted by cpowell on Wed, 2018-10-17 21:36 Section: Daily Dispatches9:38p ET Wednesday, October 17, 2018
Dear Friend of GATA and Gold:
Zero Hedge reports tonight that the tight correlation of the valuation of the Chinese yuan and the price of gold, which appears to have begun in February, has suddenly snapped, with the yuan sinking without also taking gold down with it.
... Dispatch continues below ...
Ex-Deutsche Bank traders guilty in U.S. Libor-rigging trial
Submitted by cpowell on Wed, 2018-10-17 15:38 Section: Daily DispatchesBy Chris Dolmetsch
Bloomberg News
Wednesday, October 17, 2018
Two former traders at Deutsche Bank AG were convicted today by a New York jury of conspiring to rig Libor, a key interest-rate benchmark, handing a victory to U.S. prosecutors targeting behavior by individuals at financial institutions that have paid billions of dollars to settle government claims.
Hungary boosts gold reserves 10-fold, citing safety concerns
Submitted by cpowell on Tue, 2018-10-16 20:59 Section: Daily DispatchesBy Marton Eder and Nicholas Larkin
Bloomberg News
Tuesday, October 16, 2018
Hungary's central bank increased its gold reserves 10-fold, citing the need to improve its holdings' safety, joining regional peers with relatively high ownership in the European Union's east.
Craig Hemke at Sprott Money: Golden implications of total U.S. deficits, debt, and debt service
Submitted by cpowell on Tue, 2018-10-16 20:54 Section: Daily Dispatches8:54p ET Tuesday, October 16, 2018
Dear Friend of GATA and Gold:
Writing at Sprott Money tonight, the TF Metals Report's Craig Hemke explains how the U.S. government's budget deficit is far greater than generally understood. Hemke adds that if the price of gold returns to its normal relationship with total U.S. government debt, the price will be far higher than it is today.
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