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Daily Dispatches
South Africa gold firms get lift from weak rand, but risks lurk
Submitted by cpowell on Mon, 2016-03-07 14:32 Section: Daily DispatchesBy Ed Stoddard
Reuters
Monday, March 7, 2016
JOHANNESBURG, South Africa -- A sinking rand has sparked a buying spree and rerating of South African gold mining shares which have doubled in value in 2016, but the volatile currency is a double-edged sword that could cut the gains back down to size.
ECB starts reporting unallocated gold, but is it the whole story?
Submitted by cpowell on Mon, 2016-03-07 13:23 Section: Daily Dispatches1:35p ET Monday, March 7, 2016
Dear Friend of GATA and Gold:
Our friend the Dutch economist Jaco Schipper reports an increase in transparency about gold in the monthly reserve asset reports of the European Central Bank.
China boosts gold hoard by smallest amount since at least July
Submitted by cpowell on Mon, 2016-03-07 11:36 Section: Daily DispatchesBy Ranjeetha Pakiam
Bloomberg News
Monday, March 7, 2016
China raised its central bank gold reserves by the smallest amount since the nation started disclosing monthly increases last year.
Koos Jansen: The Indian government's futile war against its own people over gold
Submitted by cpowell on Mon, 2016-03-07 11:31 Section: Daily Dispatches11:30a ET Monday, March 7, 2016
Dear Friend of GATA and Gold:
BlackRock gold fund resumed issuing shares too soon, faces penalties
Submitted by cpowell on Mon, 2016-03-07 10:51 Section: Daily DispatchesBy Trevor Hunnicutt
Reuters
Monday, March 7, 2016
http://www.reuters.com/article/blackrock-gold-etf-idUSWNAB0A9UQ
NEW YORK -- BlackRock issued 25 million shares of the iShares Gold Trust (IAU) before they were officially registered with securities regulators, and the fund "may become subject to penalties" by securities regulators, the fund manager said in a regulatory filing today.
In transparency bid, Chinese central bank reveals some non-dollar reserves
Submitted by cpowell on Sun, 2016-03-06 09:46 Section: Daily DispatchesBy Bloomberg News
Sunday, March 6, 2016
A Chinese central bank official disclosed for the first time the sources of non-dollar assets in its foreign-exchange reserves, the latest gesture by the monetary authority to respond to calls for increased transparency of its currency policy.
Faith in central banks' healing powers is faltering, BIS says
Submitted by cpowell on Sun, 2016-03-06 09:42 Section: Daily DispatchesBy Marc Jones
Reuters
Sunday, March 6, 2016
LONDON -- Financial markets' shaky start to the year shows they are losing faith in the "healing powers" of central banks, the Bank for International Settlements (BIS) said today while voicing concerns over sub-zero interest rates and emerging economies.
Geologist Keith Barron describes his road to discovery in Ecuador
Submitted by cpowell on Sat, 2016-03-05 20:27 Section: Daily Dispatches8:27p ET Saturday, March 5, 2016
Dear Friend of GATA and Gold:
U.S. watchdog to probe Fed's lax oversight of Wall Street
Submitted by cpowell on Sat, 2016-03-05 20:11 Section: Daily DispatchesJonathan Spicer
Reuters
Saturday, March 5, 2016
NEW YORK -- A U.S. watchdog agency is preparing to investigate whether the Federal Reserve and other regulators are too soft on the banks they are meant to police, after a written request from Democratic lawmakers that marks the latest sign of distrust between Congress and the central bank.
Canadian Press finds ignoramuses to provide cover for gold dishoarding
Submitted by cpowell on Sat, 2016-03-05 15:47 Section: Daily DispatchesGood grief! At the Sprott School of Business no less. Eric deserves a refund.
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Canada's Gold Reserve Selloff Makes Sense, Experts Say
By Ian Bickis
The Canadian Press
via CTV, Toronto
http://www.ctvnews.ca/business/canada-s-gold-reserve-sell-off-makes-sens...
Canada may be a global outlier when it comes to its selloff of gold.
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