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Daily Dispatches
Sprott portfolio manager is suspicious of last week's flash crash in monetary metals
Submitted by cpowell on Wed, 2019-04-03 12:43 Section: Daily Dispatches12:35a Thursday, April 4, 2019
Dear Friend of GATA and Gold:
In commentary posted at King World News, Sprott USA Senior Portfolio Manager Trey Reik can't help wondering if last week's flash crash in the monetary metals was not the product of ordinary market action but that of one or more big players trying to rig prices down for first-quarter valuation purposes.
Central banks fail to maintain currency values and prevent recessions, von Greyerz writes at KWN
Submitted by cpowell on Mon, 2019-04-01 02:54 Section: Daily Dispatches2:50p HKT Monday, April 1, 2019
Dear Friend of GATA and Gold:
Russia now can cover its debt dollar for dollar in cash
Submitted by cpowell on Mon, 2019-04-01 00:27 Section: Daily DispatchesBy Ben Aris
BNE Intellinews, Berlin
Sunday, March 31, 2019
Russia's gross international reserves, including gold, continue to creep upwards and reached $487.1 billion as of March 22 -- enough to cover Russia's external debt dollar for dollar in cash.
In Money Metals Exchange interview, GATA secretary updates gold price suppression
Submitted by cpowell on Mon, 2019-04-01 00:20 Section: Daily Dispatches12:18p HKT Monday, April 1, 2019
Dear Friend of GATA and Gold:
Money Metals Exchange's Mike Gleason has interviewed your secretary/treasurer about recent developments with gold price suppression. Among the topics:
-- The refusal of mainstream financial news organizations to put any critical questions to central banks.
Trump calls on Fed to reverse interest rate hikes
Submitted by cpowell on Sat, 2019-03-30 04:51 Section: Daily DispatchesFrom Reuters
Friday, March 29, 2019
U.S. President Donald Trump said on Friday that the Federal Reserve made a mistake by raising interest rates and blamed the central bank for hurting the U.S. economy and stock market.
BIS smashed metals this week to avoid bad Q1 mark-to-market for gold derivatives, Maguire tells KWN
Submitted by cpowell on Sat, 2019-03-30 04:16 Section: Daily Dispatches4:15p HKT Saturday, March 30, 2019
Dear Friend of GATA and Gold:
Russia is dumping U.S. dollars to hoard gold
Submitted by cpowell on Fri, 2019-03-29 09:58 Section: Daily DispatchesBy Andrey Biryukov, Rupert Rowling, and Yuliya Fedorinova
Bloomberg News
Thursday, March 28, 2019
Vladimir Putin's quest to break Russia's reliance on the U.S. dollar has set off a literal gold rush.
Dave Kranzler: The paper raid on gold
Submitted by cpowell on Fri, 2019-03-29 05:48 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Thursday, March 28, 2019
Gold was smacked $22 from top to bottom overnight and this morning. It was a classic paper derivative raid on the gold price, which was implemented after the large physical gold buyers in the eastern hemisphere had closed shop for the day. This is what it looks like visually:
[See chart at link below]
Your gold is ours, European Central Bank tells euro-zone countries
Submitted by cpowell on Thu, 2019-03-28 10:37 Section: Daily DispatchesCountries Must Seek ECB Approval to Manage Gold Reserves, Draghi Says
By Francesco Canepa
Reuters
Thursday, March 28, 2019
https://www.reuters.com/article/ecb-reserves-draghi/countries-must-seek-...
Indifferent to price suppression, South Africa remains a rich country insisting on being poor
Submitted by cpowell on Wed, 2019-03-27 09:39 Section: Daily DispatchesBell Tolls for Gold Mine That Once Powered South African Economy
By Felix Njini
Bloomberg News
Wednesday, March 27, 2019
The final demise of South Africa's gold industry came a step nearer on Wednesday with the announcement that Sibanye Gold Ltd. won't extend the life of Driefontein, once the biggest mine on the continent.
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