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Daily Dispatches
IMF says dollar is overvalued, yuan in line with fundamentals
Submitted by cpowell on Wed, 2018-07-25 08:51 Section: Daily DispatchesFrom Reuters
Tuesday, July 24, 2018
WASHINGTON -- The International Monetary Fund said on Tuesday that the U.S. dollar is over-valued, China’s yuan is in line with fundamentals and nearly half of global current account balances are now excessive, adding to growth risks and trade tensions.
Craig Hemke at Sprott Money: Potential impacts of the yuan-gold peg
Submitted by cpowell on Tue, 2018-07-24 21:12 Section: Daily Dispatches9:14p ET Tuesday, July 24, 2018
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, says the recent tight correlation between Chinese yuan and gold prices indicates massive intervention in the gold market by China to keep commodity prices down as China devalues the yuan in its trade war with the United States.
Stefan Gleason: The swamp vs. alternative currencies
Submitted by cpowell on Mon, 2018-07-23 23:19 Section: Daily DispatchesBy Stefan Gleason
Money Metals News Service
Monday, July 23, 2018
In Federal Reserve chair Jerome Powell's testimony before Congress last week, he reiterated his intent to continue the central bank's gradual rate-hiking campaign.
Among those who are "not thrilled" about the prospect of higher interest rates: the president of the United States. ...
AngloGold prepares to give up on South Africa
Submitted by cpowell on Mon, 2018-07-23 20:34 Section: Daily DispatchesAnd why not? The country has already given up on itself.
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AngloGold Says There's No Escaping Demise of South African Gold
By Felix Njini, Antony Sguazzin, Sam Mkokeli, and Paul Burkhardt
Bloomberg News
Monday, July 23, 2018
J.P. Konig: Turkey's attempt to mop up mattress gold
Submitted by cpowell on Mon, 2018-07-23 20:17 Section: Daily Dispatches8:18p ET Monday, July 23, 2018
Dear Friend of GATA and Gold:
Cook Islands gold note shows technology remonetizing gold
Submitted by cpowell on Mon, 2018-07-23 15:34 Section: Daily Dispatches3:35p ET Monday, July 23, 2018
Dear Friend of GATA and Gold:
Gold is back in circulation in small denominations as official government currency issued by the small South Pacific country of the Cook Islands, whose gold-containing bills are manufactured by the Valaurum company in Portland, Oregon.
Russian financial analyst expects gold price suppression
Submitted by cpowell on Sun, 2018-07-22 14:50 Section: Daily DispatchesRussia Ditching U.S. Treasuries for Gold to Protect Economy and Diversify, Analysts Tell RT
From Russia Today, Moscow
Sunday, July 22, 2018
Russia ditching U.S. Treasuries for gold in bid to protect economy and diversify, analysts tell RT
New York Sun: Will Trump take on the Fed?
Submitted by cpowell on Sat, 2018-07-21 10:41 Section: Daily DispatchesFrom the New York Sun
Saturday, July 21, 2018
Dollar isn't rising, isn't causing gold's fall, Murphy tells GoldSeek Radio
Submitted by cpowell on Sat, 2018-07-21 10:32 Section: Daily Dispatches10:33a ET Saturday, July 21, 2018
Dear Friend of GATA and Gold:
Venezuelan gold doesn't seem to be returning from Turkey
Submitted by cpowell on Fri, 2018-07-20 23:55 Section: Daily DispatchesVenezuela Exported $779 Million in Gold to Turkey in 2018, Data Says
By Humeyra Pamuk and Corina Pons
Reuters
Thursday, July 19, 2018
Venezuela exported $779 million of gold to Turkey in 2018, according to Turkish government statistics, further evidence that the South American country is shifting its pattern of trade following a wave of sanctions that began last year.
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