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Daily Dispatches
Did these mining giants just confirm the next gold frontier -- Ecuador?
Submitted by cpowell on Mon, 2017-10-23 19:39 Section: Daily DispatchesBy Dave Forest
OilPrice.com, London
Monday, October 23, 2017
There was a breakthrough deal in the Tanzania gold sector late last week, with major miner Barrick agreeing to pay the government $300 million and surrender a 16-percent stake in operations in order to end an impasse that's halted production.
Jury finds ex-HSBC executive guilty of fraud in $3.5 billion currency trade
Submitted by cpowell on Mon, 2017-10-23 19:25 Section: Daily DispatchesBy Brendan Pierson
Reuters
Monday, October 23, 2017
NEW YORK -- A U.S. jury today found a former HSBC Holdings executive guilty of defrauding Cairn Energy Plc in a $3.5 billion currency trade in 2011.
Venezuela fails to reclaim the gold it pawned to Deutsche Bank
Submitted by cpowell on Mon, 2017-10-23 19:19 Section: Daily DispatchesThat's a lot more central bank gold that hit the market since the swap was undertaken in 2016.
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Venezuela Allows $1.7 Billion Gold Swap with Deutsche Bank to Lapse, Legislator Says
By Corina Pons
Reuters
Monday, October 22, 2017
Ted Butler: Fear of silver shorting spurs Scotia to sell its metals division
Submitted by cpowell on Mon, 2017-10-23 13:39 Section: Daily Dispatches12:39 CT Monday, October 23, 2017
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler speculates today that the Bank of Nova Scotia is seeking to sell its metals trading division, ScotiaMocatta, because the bank realizes that the silver shorting business in which the division has specialized is a potentially disastrous liability.
Ron Paul: Trump's picks for Fed chairman are just more of the same
Submitted by cpowell on Mon, 2017-10-23 09:58 Section: Daily DispatchesBy Ron Paul
The Ron Paul Institute, Clute, Texas
Monday, October 23, 2017
China's trillion-dollar plan for world domination splits Australian politicians
Submitted by cpowell on Mon, 2017-10-23 08:07 Section: Daily DispatchesBy Ben Graham
News.com.au (News Corp.), Sydney
Monday, October 23, 2017
AS Donald Trump whips the world into a frenzy with his tweets, China is plotting a trillion-dollar global trade revamp which could change everything.
It's being dubbed the "New Silk Road" which could redefine global trade and mark a tipping point for a new Asian century.
Why central banks disagree with Gary North about gold
Submitted by cpowell on Fri, 2017-10-20 12:45 Section: Daily Dispatches1p ET Friday, October 20, 2017
Dear Friend of GATA and Gold:
In his essay this week, "The Case Against Gold as a Central Bank Asset" --
https://www.garynorth.com/public/17271.cfm
-- the economic historian and libertarian financial writer Gary North argues that central banks should get rid of their gold reserves.
Barclays sued by fund for $850 million in metals market abuse
Submitted by cpowell on Fri, 2017-10-20 09:17 Section: Daily DispatchesBy Jack Farchy and Mark Burton
Bloomberg News
Thursday, October 19, 2017
Red Kite Management Ltd., the world's largest metals hedge fund, is suing Barclays for alleged market abuse in the copper market that it claims cost the firm at least $850 million between 2010 and 2013.
Barrick gives Tanzania stake in mines, $300 million to end dispute
Submitted by cpowell on Thu, 2017-10-19 13:30 Section: Daily DispatchesFrom Reuters
via The New York Times
Thursday, October 19, 2017
DAR ES SALAAM, Tanzania -- Barrick Gold will give Tanzania a 16 percent stake in three gold mines, a 50 percent share of revenue from those mines, and a one-off payment of $300 million to resolve a dispute that has hit its operations in the country, the two sides said.
Hugo Salinas Price: How unbacked fiat money corrupts society
Submitted by cpowell on Wed, 2017-10-18 19:44 Section: Daily Dispatches7:44p ET Wednesday, October 18, 2017
Dear Friend of GATA and Gold:
In commentary he laconically headlines "Anecdotes and Reminiscences," Hugo Salinas Price of the Mexican Civic Association for Silver today uses episodes from his country's history to illustrate the corrupting tendency of unbacked fiat money.
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