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Daily Dispatches
Hong Kong exchange wants gold trading corridor along 'Belt and Road'
Submitted by cpowell on Tue, 2018-02-27 08:57 Section: Daily DispatchesBy Karen Yeung
South China Morning Post, Hong Kong
Tuesday, February 20, 2018
The Chinese Gold & Silver Exchange Society, Hong Kong's gold exchange, is in talks with Singapore, Myanmar and Dubai to establish a gold commodity corridor to promote yuan-denominated products under China's Belt and Road Initiative, according to its president Haywood Cheung Tak-hay.
Silver deeply in backwardation and on verge of breakout, Turk tells KWN
Submitted by cpowell on Mon, 2018-02-26 20:47 Section: Daily Dispatches8:47p ET Monday, February 26, 2018
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk, interviewed today by King World News, says silver is deeply in backwardation and seems to be on the verge of breaking up and out against the longstanding price suppression. The interview is posted at KWN here:
https://kingworldnews.com/james-turk-war-raging-silver-market/
Manipulation keeping markets from doing what they ordinarily would, Sprott says
Submitted by cpowell on Mon, 2018-02-26 09:32 Section: Daily Dispatches9:31a ET Monday, February 26, 2018
Dear Friend of GATA and Gold:
Russia overtakes China in gold reserves race to end U.S. dollar dominance
Submitted by cpowell on Mon, 2018-02-26 09:06 Section: Daily DispatchesFrom Russia Today, Moscow
Monday, February 26, 2018
The Central Bank of Russia boosted its holdings of gold by almost 20 metric tons last month, with reserves reaching 1,857 tons. It has increased its holdings every month since March 2015.
Australia's top gold miner boosts bets on Ecuador's riches
Submitted by cpowell on Mon, 2018-02-26 09:02 Section: Daily DispatchesBy David Stringer
Bloomberg News
Sunday, February 25, 2018
Australia's largest gold producer, Newcrest Mining Ltd., will invest $250 million for a stake in Lundin Gold Inc. to boost its presence in Ecuador, which is attracting a slate of mining giants hunting for major untapped metals deposits.
With rates low, Fed officials fret over next recession
Submitted by cpowell on Sat, 2018-02-24 17:26 Section: Daily DispatchesBy Jonathan Spicer and Ann Saphir
Reuters
Saturday, February 24, 2018
Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch because interest rates are still low.
Volatility funds face fresh scrutiny from U.S. regulators
Submitted by cpowell on Fri, 2018-02-23 21:32 Section: Daily DispatchesBy Benjamin Bain and Matt Robinson
Bloomberg News
Friday, February 23, 2018
U.S. regulators are scrutinizing this month's implosion of investments that track stock-market turmoil, including whether wrongdoing contributed to steep losses for VIX exchange-traded products offered by Credit Suisse Group AG and other firms, several people familiar with the matter said.
Treasury secretary urges markets to shrug off worries over tax cuts, debt
Submitted by cpowell on Fri, 2018-02-23 10:59 Section: Daily DispatchesBy Saleha Mohsin
Bloomberg News
Thursday, February 22, 2018
Treasury Secretary Steven Mnuchin brushed aside signs that investors are nervous about rising prices and criticism that growing debt will harm U.S. economic security, declaring that President Donald Trump’s policies won't cause inflation.
Isn't it bad enough that Harvard already runs the United States?
Submitted by cpowell on Fri, 2018-02-23 10:22 Section: Daily DispatchesXi Confidant Emerges as Front Runner to Head
China's Central Bank, Sources Tell Reuters
By Xiaowen Bi, Benjamin Kang Lim, an dKevin Yao
Reuters
Friday, February 23, 2018
China is letting the yuan crush the dollar, and Trump is just one reason
Submitted by cpowell on Fri, 2018-02-23 10:07 Section: Daily DispatchesBy Huileng Tan
CNBC, New York
Friday, February 23, 2018
The Chinese yuan has appreciated 10 percent against the dollar since the start of 2017, quelling some criticism that the export giant has been deliberately suppressing its currency to gain economic advantage over its trading partners.
This is all going according to China's plan, experts say.
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