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Daily Dispatches
Where gold trade goes if London loses its grip
Submitted by cpowell on Fri, 2017-10-13 09:28 Section: Daily DispatchesBy Eddie Van Der Walt and Ranjeetha Pakiam
Bloomberg News
Friday, October 13, 2017
London is facing challenges on multiple fronts to its centuries-old status as the place where the world trades gold.
Two U.S.-based exchanges, CME Group Inc. and Intercontinental Exchange Inc., have created new ways of buying and selling precious metals. So has the London Metal Exchange.
Another Swiss bank won't let customer see his gold, von Greyerz tells KWN
Submitted by cpowell on Thu, 2017-10-12 14:45 Section: Daily Dispatches2:45p ET Thursday, October 12, 2017
Dear Friend of GATA and Gold:
Giustra's Hive switches from mining gold to bitcoin, surges six-fold
Submitted by cpowell on Thu, 2017-10-12 11:00 Section: Daily DispatchesBy Natalie Obiko Pearson and Brandon Kochkodin
Bloomberg News
Thursday, October 12, 2017
Frank Giustra, the Canadian mining maverick who amassed a fortune building what would become one of the world's largest gold companies, is digging for another kind of gold: cryptocurrencies.
Only central bank intervention keeps gold down, USGlobal's Frank Holmes says
Submitted by cpowell on Thu, 2017-10-12 09:56 Section: Daily Dispatches9:55a ET Thursday, October 12, 2017
Dear Friend of GATA and Gold:
Only intervention by central banks in the gold market is keeping the monetary metal's price down, fund manager Frank Holmes of U.S. Global Investors told Daniela Cambone of Kitco News in an interview yesterday. The interview is five minutes long and can be viewed here:
World is turning its back on the dollar, Saxo Bank FX strategist writes
Submitted by cpowell on Wed, 2017-10-11 12:06 Section: Daily DispatchesThree Reasons the World Could Turn Its Back on the U.S. Dollar
By David Reid
CNBC, New York
Wednesday, October 11, 2017
A combination of geopolitical pressures could spark the end of the U.S. dollar as the world's reserve currency, according to the head of foreign exchange strategy at Saxo Bank.
China will 'compel' Saudis to trade oil in yuan, economist tells CNBC
Submitted by cpowell on Wed, 2017-10-11 11:57 Section: Daily DispatchesChina Will 'Compel' Saudi Arabia to Trade Oil in Yuan -- and That's Going to Affect the US Dollar
By Sam Meredith
CNBC, New York
Wednesday, October 11, 2017
China will "compel" Saudi Arabia to trade oil in yuan and, when this happens, the rest of the oil market will follow suit and abandon the U.S. dollar as the world's reserve currency, a leading economist told CNBC on Monday.
LME to expand trading around gold and silver reference prices
Submitted by cpowell on Wed, 2017-10-11 10:21 Section: Daily DispatchesBy Jan Harvey and Peter Hobson
Reuters
Tuesday, October 10, 2017
LONDON -- The London Metal Exchange expects three more clearing members to join its precious metals contracts by year-end and is looking to expand trading around its gold and silver reference prices, Chief Executive Matthew Chamberlain told Reuters on Tuesday.
Russian central bank may boost gold trading on Moscow exchange
Submitted by cpowell on Wed, 2017-10-11 09:58 Section: Daily DispatchesRussian Central Bank May Start Buying Gold on Moscow Exchange, Sources Tell Reuters
Elena Fabrichnaya
Reuters
Tuesday, October 10, 2017
MOSCOW -- Russia's central bank may start buying gold for its official reserves on the Moscow Exchange, two people familiar with the matter told Reuters.
Western Australia's Liberal Party to block gold royalty increase
Submitted by cpowell on Tue, 2017-10-10 09:24 Section: Daily DispatchesBy Daniel Mercer, Gary Adshead, and Dylan Caporn
The Sunday Times / Perth Now, Perth, Australia
Monday, October 9, 2017
Labor's $392 million gold royalty hike has been killed off, with Liberal MPs voting to block the controversial measure in the Upper House of Parliament.
Bloomberg columnist surprised to discover that gold is really a good hedge
Submitted by cpowell on Tue, 2017-10-10 09:13 Section: Daily Dispatches9:13a ET Tuesday, October 10, 2017
Dear Friend of GATA and Gold:
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