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Daily Dispatches
Robert Lambourne: BIS gold derivatives down in March, back up in April
Submitted by cpowell on Tue, 2018-05-08 19:56 Section: Daily DispatchesBy Robert Lambourne
Tuesday, May 8, 2018
The Bank for International Settlements has just published, on the same day, its monthly statement of account for March 2018 as well as its monthly statement for April 2018:
'World of Warcraft' currency is now worth 7 times more than Venezuela's cash
Submitted by cpowell on Mon, 2018-05-07 22:28 Section: Daily DispatchesBy Chris Morris
Fortune Magazine, New York
Monday, May 7, 2018
http://fortune.com/2018/05/07/world-of-warcraft-currency-bolivar-venezue...
Venezuela's real-world currency, the bolivar, long ago fell below the value of the fake gold in Azeroth, the mythical setting of World of Warcraft (WoW). What's remarkable is how much more valuable that virtual currency has become.
Nigeria, China sign $2.4 billion currency swap to lift trade
Submitted by cpowell on Sun, 2018-05-06 10:09 Section: Daily DispatchesBy Paul Wallace and David Malingha Doya
Bloomberg News
Thursday, May 3, 2018
Nigeria and China agreed on a currency swap worth $2.4 billion to boost commercial ties and reduce the need to use the dollar in bilateral trade.
GATA's Ed Steer to speak at Vancouver conference May 15-16
Submitted by cpowell on Fri, 2018-05-04 10:33 Section: Daily Dispatches10:34a ET Friday, May 4, 2018
Dear Friend of GATA and Gold:
GATA Board of Directors member Ed Steer, editor of Ed Steer's Gold and Silver Digest, a daily letter of financial news and analysis (https://edsteergoldsilver.com/), will speak at Cambridge House's International Mining Investment Conference in Vancouver, British Columbia, on Tuesday and Wednesday, May 15-16.
The BIS press office may be the new Maytag repairman
Submitted by cpowell on Fri, 2018-05-04 09:44 Section: Daily Dispatches9:54a ET Friday, May 4, 2018
Dear Friend of GATA and Gold:
GATA consultant Robert Lambourne, our expert on the Bank for International Settlements, noted this week that the BIS is late in posting its monthly statement of account for March, which typically contains obscure data about the bank's largely surreptitious interventions in the gold market on behalf of its client central banks.
GATA Chairman Murphy, mining entrepreneur Neumeyer interviewed on manipulation
Submitted by cpowell on Thu, 2018-05-03 19:48 Section: Daily Dispatches7:51p ET Thursday, May 3, 2018
Dear Friend of GATA and Gold:
South African gold miners settle lung-disease lawsuit
Submitted by cpowell on Thu, 2018-05-03 10:35 Section: Daily DispatchesBy Felix Njini
Bloomberg News
Thursday, May 3, 2018
Mining companies including Anglo-American Plc agreed to settle a class-action lawsuit from workers who said they contracted deadly lung diseases in South African gold mines.
Mike Kosares: The case for gold in the era of financial virtual reality
Submitted by cpowell on Wed, 2018-05-02 16:26 Section: Daily Dispatches4:28p ET Wednesday, May 2, 2018
Dear Friend of GATA and Gold:
Goldman Sachs to pay $110 million to resolve forex probes
Submitted by cpowell on Tue, 2018-05-01 12:41 Section: Daily DispatchesBy Greg Farrell
Bloomberg News
Tuesday, May 1, 2018
Goldman Sachs Group Inc. has agreed to pay about $110 million to resolve allegations that its foreign exchange traders improperly shared information about client orders on an electronic chat room, putting clients at a disadvantage.
Venezuela stops paying $1 billion debt to Canadian gold miner
Submitted by cpowell on Mon, 2018-04-30 16:09 Section: Daily DispatchesBy Jonathan Wheatley
Financial Times, London
Monday, April 30, 2018
Venezuela has stopped making payments on more than $1 billion it owes to a Canadian mining company, highlighting the country's extreme difficulties in paying off its overseas debt.
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