Daily Dispatches

Barrick Gold must face U.S. lawsuit over mothballed mine

Submitted by cpowell on Thu, 2015-04-02 11:48 Section: Daily Dispatches

By Jonathan Stempel
Reuters
Wednesday, April 1, 2015

NEW YORK -- Barrick Gold Corp. has lost its bid to dismiss a U.S. lawsuit that accuses the world's largest gold producer of concealing problems at a troubled South American mine and of fraudulently inflating the company's market value by billions of dollars.

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World Gold Council considers launch of new London exchange

Submitted by cpowell on Thu, 2015-04-02 11:30 Section: Daily Dispatches

By Henry Sanderson
Financial Times, London
Thursday, April 2, 2015

The gold industry's leading trade body and half a dozen banks have agreed to explore the idea of establishing an exchange in London as the existing market faces greater regulation.

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Former BIS official criticizes central bank 'guidance' on interest rates

Submitted by cpowell on Wed, 2015-04-01 21:27 Section: Daily Dispatches

9:27p ET Wednesday, April 1, 2015

Dear Friend of GATA and Gold:

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Israel applies to become founding member of Asian development bank

Submitted by cpowell on Wed, 2015-04-01 20:43 Section: Daily Dispatches

By Mehreen Khan
The Telegraph, London
Wednesday, April 1, 2015

The Israeli government has submitted its application to become a founding member of a controversial Chinese-led development bank, in a move that is likely to cause consternation in Washington.

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Zero Hedge: Custodial gold claimed by NY Fed falls below 6,000 tonnes

Submitted by cpowell on Tue, 2015-03-31 20:39 Section: Daily Dispatches

8:40p ET Tuesday, March 31, 2015

Dear Friend of GATA and Gold:

Zero Hedge reports tonight that custodial gold said to be held at the Federal Reserve Bank of New York has fallen below 6,000 tonnes for the first time this century as the slow but steady withdrawal of metal, apparently central bank repatriation, continues for the 10th straight month:

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Iceland looks at ending boom and bust with radical money plan

Submitted by cpowell on Tue, 2015-03-31 20:31 Section: Daily Dispatches

From Agence France-Presse
via The Telegraph, London
Tuesday, March 31, 2015

http://www.telegraph.co.uk/finance/economics/11507810/Iceland-looks-at-e...

Iceland's government is considering a revolutionary monetary proposal -- removing the power of commercial banks to create money and handing it to the central bank.