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Daily Dispatches
Alasdair Macleod: Interest rate increases won't bother gold much
Submitted by cpowell on Thu, 2017-10-05 14:28 Section: Daily Dispatches2:28p ET Thursday, October 5, 2017
Dear Friend of GATA and Gold:
Venezuela suggests global oil trade in Russian ruble, Chinese yuan
Submitted by cpowell on Wed, 2017-10-04 23:14 Section: Daily DispatchesFrom Russia Today, Moscow
Wednesday, August 4, 2017
The president of Venezuela, Nicolas Maduro, has proposed that oil-producing countries should discuss creating a currency basket for trading crude and refined products.
"Developing a new mechanism of controlling the oil market is necessary,” he said today at the Russian Energy Forum, being held in Moscow this week.
Mike Kosares: Gold is rising in all major currencies, including the dollar
Submitted by cpowell on Wed, 2017-10-04 17:20 Section: Daily Dispatches5:20p ET Wednesday, October 4, 2017
Dear Friend of GATA and Gold:
USAGold's Mike Kosares writes today that gold is rising not just in lesser currencies around the world but in terms of the U.S. dollar as well, for the first time since the Gold Currency Index was created in 1997.
Keith Weiner: Thoughtful disagreement with Ted Butler
Submitted by cpowell on Wed, 2017-10-04 17:01 Section: Daily Dispatches5:03p ET Wednesday, October 4, 2017
Dear Friend of GATA and Gold:
Open Mineral Exchange seeks to revolutionize commodity trading with online platform
Submitted by cpowell on Wed, 2017-10-04 16:36 Section: Daily DispatchesBy Henry Lazenby
Mining Weekly, Johannesburg, South Africa
Wednesday, October 4, 2017
VANCOUVER, British Columbia, Canada -- A group of former traders at commodity giant Glencore has created an innovative new cloud-based mineral exchange to make it easier for producers and users to trade physical commodities -- cutting out the often costly middleman.
Paulson says Sprott, others keen to join gold-investors group
Submitted by cpowell on Wed, 2017-10-04 14:19 Section: Daily DispatchesThe worst gold mining company management is the management that fails to acknowledge gold market rigging by governments and central banks.
* * *
By Dnaielle Bochove and Anders Melin
Bloomberg News
Tuesday, October 4, 2017
https://www.bloomberg.com/news/articles/2017-10-04/paulson-says-sprott-o...
TF Metals Report: Comex silver 'deliveries' surge in September
Submitted by cpowell on Tue, 2017-10-03 11:41 Section: Daily Dispatches11:41a ET Tuesday, October 3, 2017
Dear Friend of GATA and Gold:
Reported deliveries against Comex silver futures contracts have risen dramatically in recent months, the TF Metals Report writes today.
HSBC, Deutsche Bank pay penalties for FX rate manipulation
Submitted by cpowell on Tue, 2017-10-03 09:14 Section: Daily DispatchesFrom Zacks Equity Research
via Nasdaq.com
Monday, October 2, 2017
Two major foreign banks, HSBC Holdings plc HSBC and Deutsche Bank AG DB , resolved legacy business misconduct matters in the United States. The banks were accused of rigging foreign exchange (FX) rates.
China says its in-ground gold reserves stand at 12,100 tonnes
Submitted by cpowell on Mon, 2017-10-02 11:09 Section: Daily DispatchesFrom Reuters
Monday, October 2, 2017
SHANGHAI -- China's proven gold reserves reached 12,100 tonnes at the end of 2016, the state news agency Xinhua reported today, quoting an official with the national gold association.
Incredible images from 1890s capture life for prospectors chasing Yukon gold
Submitted by cpowell on Mon, 2017-10-02 11:02 Section: Daily DispatchesBy Mollie Cahillane
Daily Mail, London
Monday, October 2, 2017
Incredible images from the end of the 1800s have helped capture what life was like for prospectors chasing the Klondike gold rush in the late 19th century.