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Daily Dispatches
As currency crisis worsens, Iranians invest in gold
Submitted by cpowell on Wed, 2018-05-16 16:27 Section: Daily DispatchesFrom Radio Farda, Washington
(Radio Free Europe / Radio Liberty)
Wednesday, May 16, 2018
Iranians are reportedly investing in gold after the Central Bank of Iran last week issued strict limits on the amount of foreign currency travelers can take out of the country amid a deepening currency crisis.
LBMA suspends Russian precious metals refinery from 'good delivery' lists
Submitted by cpowell on Tue, 2018-05-15 19:44 Section: Daily DispatchesBy Peter Hobson
Reuters
Tuesday, May 15, 2018
LONDON -- The London Bullion Market Association said today it had suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership-related issues."
China's holdings of U.S. Treasuries rise to a 5-month high
Submitted by cpowell on Tue, 2018-05-15 18:24 Section: Daily DispatchesBy Brendan Murray
Bloomberg News
Tuesday, May 15, 2018
China's holdings of Treasuries rose to a five-month high in March, underscoring the allure of U.S. government debt even amid trade tensions between the world's two largest economies.
Craig Hemke at Sprott Money: The gold spec washout begins
Submitted by cpowell on Tue, 2018-05-15 14:32 Section: Daily Dispatches2:34p ET Tuesday, May 15, 2018
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing today for Sprott Money, says today's dip in the gold price is a "washout" of speculators by the bullion banks, a predictable development in the long cycle of market manipulation.
According to Hemke, it is also a "fakeout," and he asks gold investors: "Are you prepared?"
New struggle for Petropavlovsk could restore former executives
Submitted by cpowell on Mon, 2018-05-14 10:17 Section: Daily DispatchesA Crypto Tycoon, Banking Heir and the Mysterious Fight for Gold
By Thomas Biesheuvel
Bloomberg News
Monday, May 14, 2018
The battle for some of Russia's richest gold mines has an unusual cast of characters: the scion of one of Europe’s great banking families, a Kazakh tycoon with his own cryptocurrency, hedge fund D.E. Shaw, and mystery shareholders.
U.S. retreat from trade deals poses new threat to the dollar
Submitted by cpowell on Sun, 2018-05-13 09:49 Section: Daily DispatchesBy Chelsey Dulaney and Joshua Zumbrun
The Wall Street Journal
Sunday, May 13, 2018
Trade friction is emerging as the latest threat to the U.S. dollar's position at the heart of the global financial system.
GATA board member Steer interviewed about commodity price suppression
Submitted by cpowell on Fri, 2018-05-11 09:06 Section: Daily Dispatches9:07a ET Friday, May 11, 2018
Dear Friend of GATA and Gold:
At Resource Clips, Greg Klein interviews GATA Board of Directors member and newsletter writer Ed Steer about monetary metals and commodity price suppression by major investment banks.
Putin says he wants to break with the dollar but dumps euros instead
Submitted by cpowell on Thu, 2018-05-10 16:21 Section: Daily DispatchesBy Anna Andrianova
Bloomberg News
Thursday, May 10, 2018
Squeezed by ever-expanding U.S. sanctions, Vladimir Putin says he wants to dump the dollar. His central bank has been doing just the opposite.
Iran's gold demand set to spurt before Trump sanctions bite
Submitted by cpowell on Thu, 2018-05-10 09:29 Section: Daily DispatchesBy Claudia Carpenter
Bloomberg News
Wednesday, May 9, 2018
Iran's gold demand will probably be "strong" for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd.
Dollar-plagued world now has another currency to worry about
Submitted by cpowell on Thu, 2018-05-10 09:18 Section: Daily DispatchesBy Sid Verma
Bloomberg News
Thursday, May 10, 2018
Winds of change in currency markets threaten to blow global investment trends further off course -- but from the East as much as the West.
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