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Daily Dispatches
Bitcoin falls on reminder that CFTC might regulate it
Submitted by cpowell on Wed, 2017-10-18 11:27 Section: Daily DispatchesBitcoin Just Had Its Biggest Drop in a Month
By Constantine Courcoulas
Bloomberg News
Wednesday, October 18, 2017
Traders waiting for a pullback in bitcoin’s price to rebuild positions in the world's largest cryptocurrency may have the U.S. Commodity Futures Trading Commission to thank.
Chinese buyers reported interested in Scotiabank's gold business
Submitted by cpowell on Wed, 2017-10-18 11:20 Section: Daily DispatchesScotiabank Looks to Sell Gold Trading Unit After Money-Laundering Scandal
By Henry Sanderson, Neil Hume, James Fontanella-Khan, and Gregory Meyer
Financial Times, London
Wednesday, August 18, 2017
Charts from Incrementum's latest 'In Gold We Trust' report updated and compiled
Submitted by cpowell on Wed, 2017-10-18 10:07 Section: Daily Dispatches10:06a ET Wednesday, October 18, 2017
Dear Friend of GATA and Gold:
The charts from Incrementum AG's "In Gold We Trust" report for 2017, compiled by Ronald-Peter Stoferle and Mark Valek, have been updated and assembled and posted in PDF format at Incrementum's internet site. Stoferle and Valek consider them pretty bullish. They can be found here:
Global warming uncovers biggest Canadian gold deposit
Submitted by cpowell on Tue, 2017-10-17 22:20 Section: Daily DispatchesBy Anna Golubova
Kitco News, Montreal
Tuesday, October 17, 2017
Miners could not even see Canada's biggest gold deposit until a glacier receded and uncovered what lay beneath, according to one mining executive with operations in northern British Columbia.
Silver coin proposal discussed on Mexican TV by Salinas Price
Submitted by cpowell on Tue, 2017-10-17 21:59 Section: Daily Dispatches9:58p ET Tuesday, October 17, 2017
Dear Friend of GATA and Gold:
Hugo Salinas Price, president of the Mexican Civic Association for Silver, was interviewed on television in Mexico on Saturday about his proposal for Mexico's central bank to issue an undenominated silver coin whose price in pesos would be guaranteed by the bank not to fall.
Leonid Bershidsky: Authoritarian cryptocurrencies are coming
Submitted by cpowell on Tue, 2017-10-17 10:34 Section: Daily DispatchesBy Leonid Bershidsky
Bloomberg News
Tuesday, October 17, 2017
With Russia and China both embracing the idea of sovereign cryptocurrencies, it's time to ask a simple question: Why is a technology threatening to decentralize money so attractive to highly centralized, authoritarian regimes?
Gold options trading begins in India
Submitted by cpowell on Tue, 2017-10-17 10:15 Section: Daily DispatchesThere's never enough gold derivatives.
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MCX Launches Commodity Options Trading with Gold on Dhanteras
From The Times of India, Mumbai
Monday, October 17, 2017
NEW DELHI -- Finance minister Arun Jaitley today launched an options contract in gold on the Multi Commodity Exchange (MCX) on the auspicious occasion of Dhanteras.
Time to sell? Goldman Sachs says gold is better than bitcoin as money
Submitted by cpowell on Tue, 2017-10-17 10:06 Section: Daily DispatchesBy Ranjeetha Pakiam
Bloomberg News
Tuesday, October 17, 2017
Gold wins out over cryptocurrencies when assessed on the majority of the key characteristics of money, according to Goldman Sachs Group Inc., which adds that fear and wealth are the core drivers of bullion.
Ronan Manly: Neck and neck -- Russian and Chinese official gold reserves
Submitted by cpowell on Mon, 2017-10-16 13:04 Section: Daily Dispatches1:03p ET Monday, October 16, 2017
Dear Friend of GATA and Gold:
China proposes to buy 5 percent of Saudi Aramco directly, sources tell Reuters
Submitted by cpowell on Mon, 2017-10-16 11:11 Section: Daily DispatchesBy Rania El Gamal and Alex Lawler
Reuters
Monday, October 16, 2017
China is offering to buy up to 5 percent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world's biggest oil producer on the stock market.
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