You are here
Daily Dispatches
Paulson cut gold bets again as Soros, others rushed back
Submitted by cpowell on Tue, 2016-05-17 08:38 Section: Daily DispatchesBy Devika Krishna Kumar
Bloomberg News
Tuesday, May 17, 2016
Gold bull John Paulson slashed his bets on bullion while billionaire investor George Soros and other big funds returned to the metal for the first time in years, filings showed on Monday, as prices staged their biggest rally in nearly 30 years.
University of Michigan to invest in gold, copper mining fund
Submitted by cpowell on Tue, 2016-05-17 08:31 Section: Daily DispatchesBy Janet Lorin
Bloomberg News
Monday, May 16, 2016
The University of Michigan plans to invest $30 million in a fund that will buy North American gold and copper mines from distressed companies.
Make America gold again: Calls for everyone's favorite standard are back
Submitted by cpowell on Tue, 2016-05-17 08:19 Section: Daily DispatchesBy Michelle Jamrisko
Bloomberg News
Tuesday, May 17, 2016
When times are tough, new economic theories get a better hearing. Maybe some old ones too.
Bullion Star's Ronan Manly examines the London platinum and palladium market
Submitted by cpowell on Tue, 2016-05-17 08:04 Section: Daily Dispatches8a ET Tuesday, May 17, 2016
Dear Friend of GATA and Gold:
Financial market researcher Ronan Manly today examines the London platinum and palladium market at the outset of London Platinum Week. Manly finds that the market's operations are -- surprise -- something less than transparent. Manly's report is posted at Bullion Star here:
Soros puts $264 million in Barrick Gold, buys calls on gold ETF
Submitted by cpowell on Mon, 2016-05-16 20:44 Section: Daily DispatchesBillionaire Soros Cuts U.S. Stocks by 37%, Buys Gold Miner
By Jesse Riseborough and Saijel Kishan
Bloomberg News
Monday, May 16, 2016
Billionaire George Soros cut his firm's investments in U.S. stocks by more than a third in the first quarter and bought a $264 million stake in the world's biggest bullion producer, Barrick Gold Corp.
Bullion Star makes a graphic of the Comex gold market
Submitted by cpowell on Mon, 2016-05-16 20:15 Section: Daily Dispatches8:15p ET Monday, May 16, 2016
Dear Friend of GATA and Gold:
Bullion Star has created a graphic illustration of the Comex gold market, showing that, like the London gold market, the Comex is a fractional-reserve-based and largely unallocated market with little real metal ever being delivered. The graphic is posted at Bullion Star here:
Libya's central bank needs gold stashed in safe but code is in dispute
Submitted by cpowell on Mon, 2016-05-16 13:46 Section: Daily DispatchesBy Hassan Morajea and Tamer El-Ghobashy
The Wall Street Journal
Friday, May 13, 2016
BEYDA, Libya -- Underneath a bank in this eastern coastal city, a vault holds a trove of gold and silver coins worth $184 million. It belongs to the central bank, which could use the money to alleviate a crippling cash shortage.
China's ICBC buys 2,000-ton London gold vault from Barclays
Submitted by cpowell on Mon, 2016-05-16 13:40 Section: Daily DispatchesBy Eddie van der Walt and Stephen Morris
Bloomberg News
Monday, May 16, 2016
ICBC Standard Bank expanded its push into London's precious metals market by agreeing to buy one of Europe's largest vaults from Barclays.
Gold depository could soon be on its way to Texas
Submitted by cpowell on Mon, 2016-05-16 08:40 Section: Daily DispatchesBy Anna M. Tinsley
Fort Worth Star-Telegram
Sunday, May 15, 2016
DALLAS -- Tarek Saab has a golden vision for Texas.
Well, for a Texas Bullion Depository anyway.
So he and his company -- Texas Precious Metals -- set up a booth at the Republican Party of Texas state convention in Dallas to tell Texans about it.
Central bankers' wisdom faulted as gold holdings surge 25%
Submitted by cpowell on Mon, 2016-05-16 08:33 Section: Daily DispatchesBy Ranjeetha Pakiam
Bloomberg News
Monday, May 16, 2016
The great gold rush of 2016 is gathering pace. Holdings in exchange-traded funds have now surged by a quarter, with investors taking advantage of lower prices over the past two weeks to enlarge stakes on rising concern about central bank policy making worldwide.
Pages
