Daily Dispatches

Alasdair Macleod: Gold is the only sound money

Submitted by cpowell on Thu, 2016-03-10 13:28 Section: Daily Dispatches

1:28p ET Thursday, March 10, 2016

Dear Friend of GATA and Gold:

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ECB cuts rates, increases asset buys more than expected

Submitted by cpowell on Thu, 2016-03-10 08:53 Section: Daily Dispatches

By Balazs Koranyi and Francesco Canepa
Reuters
Thursday, March 10, 2016

FRANKFURT, Germany -- The European Central Bank cut all three of its interest rates and expanded its asset-buying program today, delivering a bigger-than-expected cocktail of actions to boost the economy and stop ultra-low inflation becoming entrenched.

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Why poor man's gold may be about to get more investor love

Submitted by cpowell on Thu, 2016-03-10 08:42 Section: Daily Dispatches

Ranjeetha Pakiam and Eddie Van Der Walt
Bloomberg News
Thursday, March 10, 2016

Silver hasn't been so cheap relative to gold for more than seven years and with mine supplies forecast to contract this year that may be a sign it’s ready to come out of the yellow metal's shadow.

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Indian government calls meeting on gold monetization scheme's lack of success

Submitted by cpowell on Wed, 2016-03-09 20:41 Section: Daily Dispatches

Government Calls Meeting to Review Gold Monetization Scheme

By Rajesh Bhayani
Business Standard, New Delhi
Wednesday, March 9, 2016

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New Gold hedges nearly all its remaining 2016 gold output

Submitted by cpowell on Wed, 2016-03-09 20:24 Section: Daily Dispatches

From Reuters
Wednesday, March 9, 2016

New Gold Inc. has hedged nearly all of its remaining 2016 gold production to ensure cash flow for its Rainy River project, the company said, an unusually large amount for a miner after bullion made its biggest rally in 4 1/2 years.

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Jaco Schipper: Why the allocated status of the ECB's gold is so important

Submitted by cpowell on Tue, 2016-03-08 16:43 Section: Daily Dispatches

4:42p ET Tuesday, March 8, 2016

Dear Friend of GATA and Gold:

Our friend the Dutch economist Jaco Schipper, who four years ago discovered the acknowledgement by a former president of the Bank for International Settlements that the gold market long had been rigged by central banks at the behest of the United States --

http://www.gata.org/node/11304