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Daily Dispatches
Venezuela ordered to pay Crystallex $1.4 billion in arbitration ruling
Submitted by cpowell on Fri, 2016-04-08 04:38 Section: Daily DispatchesBy Peter Koven
National Post, Toronto
Tuesday, April 5, 2016
An arbitration tribunal has ordered the Venezuelan government to pay a whopping US$1.386 billion to Canadian miner Crystallex International Corp., saying the state caused all of Crystallex's investments "to become worthless."
Gold price suppression is mentioned without a sneer at Kitco
Submitted by cpowell on Fri, 2016-04-08 04:21 Section: Daily Dispatches4:17p HKT Friday, April 8, 2016
Dear Friend of GATA and Gold:
Alasdair Macleod: Gold and interest rates
Submitted by cpowell on Thu, 2016-04-07 10:26 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, April 7, 2016
It is commonly assumed that the gold price and interest rates move in opposite directions. In other words, a tendency towards higher interest rates is accompanied by a lower gold price.
Like all assumptions about prices, sometimes it is true and sometimes not.
Puerto Rico passes bill allowing halt to debt payments
Submitted by cpowell on Thu, 2016-04-07 02:07 Section: Daily DispatchesIs Illinois next?
* * *
By Mary Williams Walsh
The New York Times
Wednesday, April 6, 2016
Gov. Alejandro García Padilla of Puerto Rico on Wednesday signed a bill that would allow him to declare an emergency and give him authority to halt payments on the island's crushing $72 billion debt.
The gold miner excavating nothing but 13 years of red tape
Submitted by cpowell on Thu, 2016-04-07 01:59 Section: Daily DispatchesBy Swansy Afonso, Rajesh Kumar Singh, and Archana Chaudhary
Bloomberg News
Wednesday, April 6, 2016
After more than a decade struggling to cut through red tape to mine gold in India, Sandeep Lakhwara could be forgiven for thinking things couldn't get much worse. Then they did.
Robert Appel: Here's what the Fed doesn't want you to know about gold prices
Submitted by cpowell on Tue, 2016-04-05 22:34 Section: Daily Dispatches10:33a HKT Wednesday, April 6, 2016
Dear Friend of GATA and Gold:
Mike Kosares: Quietly the advantage in gold goes to private investors
Submitted by cpowell on Tue, 2016-04-05 21:52 Section: Daily DispatchesBig Banks, Hedge Funds Key Factors in 2016 Gold Surge
By Michael Kosares, Editor
USAGold's News & Views
USAGold, Denver
Tuesday, April 5, 2016
Two traders fined over gold spoofing
Submitted by cpowell on Tue, 2016-04-05 21:31 Section: Daily DispatchesFrom the Financial Times, London
Tuesday, April 5, 2016
China's gold intent -- ICBC bank reclassified as an LBMA market maker
Submitted by cpowell on Tue, 2016-04-05 10:32 Section: Daily DispatchesBy Mark O'Byrne
GoldCore, Dublin
Tuesday, April 5, 2016
ICBC Standard Bank, China and the world's largest bank, has been reclassified as a spot market making member of the London Bullion Market Association with effect from today, according to a note posted on the LBMA website last night. ...
... For the remainder of the report:
New York Fed president refuses a question about gold swaps in public
Submitted by cpowell on Tue, 2016-04-05 03:21 Section: Daily Dispatches3:20p HKT Tuesday, April 3, 2016
Dear Friend of GATA and Gold:
Last week at a public forum the president of the Federal Reserve Bank of New York, William Dudley, was asked whether the Federal Reserve has engaged in gold swaps with other central banks. He refused to answer.
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