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Daily Dispatches
From Bullion Star, gold market charts for January
Submitted by cpowell on Sun, 2017-01-29 11:28 Section: Daily Dispatches11:29a ET Sunday, January 29, 2017
Dear Friend of GATA and Gold:
With some charts from Gold Charts R Us, Bullion Star today details gold demand and movement around the world, indicating that the monetary metal is a lot more popular than GFMS would have you believe. Bullion Star's analysis is headlined "Gold Market Charts -- January 2017" and it's posted here:
Guyana gold miners threaten to protest, reduce declarations amid new tax measures
Submitted by cpowell on Sun, 2017-01-29 10:48 Section: Daily DispatchesBy Denis Chabroi
Demerara Waves newspaper, Georgetown, Guyana
Saturday, January 28, 2017
Miners under the umbrella of the Guyana Gold and Diamond Miners Association on Friday warned that they would halt gold mining, reduce declarations, and stage a countrywide protest if President David Granger fails to meet with them within two weeks and address their concerns about heavy taxation.
Gold is world's ultimate currency, former Indian central banker says
Submitted by cpowell on Sun, 2017-01-29 10:19 Section: Daily DispatchesCentral bankers can tell the truth but only when they retire.
* * *
Time for a Comprehensive Gold Policy, Former Indian Central Banker Says
From the Press Trust of India
via The Times of India, Mumbai
Sunday, January 29, 2017
http://economictimes.indiatimes.com/news/economy/policy/time-to-come-out...
Mnuchin dims banks' hopes he will allow a proprietary-trading revival
Submitted by cpowell on Sat, 2017-01-28 21:55 Section: Daily DispatchesBy Elizabeth Dexheimer
Bloomberg News
Saturday, January 28, 2017
Steven Mnuchin made clear he doesn't want Wall Street banks getting back into the business of making risky market bets with their own capital, after Senate Democrats pushed him to clarify his responses to questions they asked during his confirmation process to be Treasury secretary.
Hollywood takes on Bre-X, but the real story behind 'Gold' is crazier than fiction
Submitted by cpowell on Sat, 2017-01-28 09:03 Section: Daily DispatchesBy Tony Seskus and Amanda Stephenson
Calgary Herald
Thursday, January 26, 2017
It's often been said that the story of Calgary's Bre-X Minerals had all the makings of a Hollywood script: gold, love, betrayal, and an enduring mystery.
HFT trading radio towers defeated by local council in UK
Submitted by cpowell on Sat, 2017-01-28 08:34 Section: Daily DispatchesDover Council Rejects Bid by High-Frequency Trading Firms
to Build Two Radio Masts Taller than the Eiffel Tower
By Rachel Millard
Daily Mail, London
Friday, January 27, 2017
Flash traders have had their bid to build a giant telecoms mast on the Kent coast turned down by councillors.
India mulls reviving colonial-era gold mines with $2 billion in reserves
Submitted by cpowell on Thu, 2017-01-26 15:00 Section: Daily DispatchesBy Neha Dasgupta
Reuters
Thursday, January 26, 2017
NEW DELHI -- India is planning to revive a cluster of colonial-era gold mines -- shut for 15 years but with an estimated $2.1 billion worth of deposits left -- as the world's second-largest importer of the metal looks for ways to cut its trade deficit, officials said.
Gold exports to China soar in run-up to year of the rooster
Submitted by cpowell on Thu, 2017-01-26 14:55 Section: Daily DispatchesBy Ranjeetha Pakiam and Eddie Van Der Walt
Bloomberg News
Thursday, January 26, 2017
Gold exports to China soared in the run-up to the start of the lunar new year, with volumes increasing in December from major suppliers Switzerland and Hong Kong.
Russia sells giant gold deposit to Polyus-led joint venture
Submitted by cpowell on Thu, 2017-01-26 11:29 Section: Daily DispatchesBy Polina Devitt
Reuters
Thursday, January 26, 2017
MOSCOW -- A joint venture between Russia's top gold producer Polyus and state conglomerate Rostec has bought the rights to develop Sukhoi Log, one of the world's largest untapped gold deposits, for 9.4 billion rubles ($158 million).
Physical gold demand slid to 7-year low in 2016, GFMS says
Submitted by cpowell on Thu, 2017-01-26 09:54 Section: Daily DispatchesBy Jan Harvey
Reuters
Thursday, January 26, 2017
LONDON -- Physical gold demand fell 20 percent last year to its lowest since 2009, GFMS analysts at Thomson Reuters said in a report today, as a rebound in prices after three straight years of losses blunted appetite for the metal.
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