China has a dangerous dollar debt addiction
Submitted by cpowell on Sun, 2019-01-06 16:01. Section: Daily DispatchesBy Christopher Balding
Bloomberg News
Saturday, January 5, 2019
China's foreign debt has been rising rapidly, and that's becoming an increasingly big problem -- for the country and, potentially, the world.
Iran's central bank proposes slashing four zeros from falling currency
Submitted by cpowell on Sun, 2019-01-06 15:38. Section: Daily DispatchesFrom Reuters
Sunday, January 6, 2019
DUBAI -- Iran's central bank has proposed slashing four zeros from the rial, state news agency IRNA reported today, after the currency plunged in a year marked by an economic crisis fueled by U.S. sanctions.
Barrick Gold veers away from Canadian roots after Randgold acquisition
Submitted by cpowell on Sat, 2019-01-05 01:06. Section: Daily DispatchesBy Niall McGee and Rachelle Younglai
The Globe and Mail, Toronto
Thursday, January 3, 2019
https://www.theglobeandmail.com/business/article-barrick-gold-veering-aw...
Gold-rich Zimbabwe can't even cadge a beer anymore
Submitted by cpowell on Thu, 2019-01-03 21:28. Section: Daily DispatchesAnheuser-Busch InBev Zimbabwe Charges Hard Currency to Fight Dollar Shortage
By John Bowker
Bloomberg News
Thursday, January 3, 2019
Delta Corp Ltd., part owned by Anheuser-Busch InBev SA/NV, told Zimbabwean customers it will accept only hard currency for its beverages as local businesses struggle to cope with foreign-exchange shortages.
Forget Fed hikes, as traders now are pricing a cut by April 2020
Submitted by cpowell on Thu, 2019-01-03 19:03. Section: Daily DispatchesBy Edward Bolingbroke and Emily Barrett
Bloomberg News
Thursday, January 3, 2019
Bond traders are showing little sign of stepping back from their fight with the Federal Reserve over the path of interest rates and the market is now positioned for cuts on the horizon.
Ambrose Evans-Pritchard: The euro has failed, threatens democracy, and should be abolished
Submitted by cpowell on Thu, 2019-01-03 02:14. Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, January 2, 2019
https://www.telegraph.co.uk/business/2019/01/02/euro-has-failed-threaten...
To be charitable, you could say the euro has proved itself merely by surviving until its 20th birthday this January. That is a low bar.
Craig Hemke at Sprott Money: Expectations for gold and silver in 2019
Submitted by cpowell on Wed, 2019-01-02 22:27. Section: Daily Dispatches5:27p ET Wednesday, January 2, 2018
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, argues that economic and political conditions now resemble those of 2010, when gold and silver last enjoyed strong rallies. While bullion banks will keep striving to suppress the monetary metals, Hemke writes, he expects prices to continuing climbing.
Key Fed yield gauge points to rate cuts for first time since 2008
Submitted by cpowell on Wed, 2019-01-02 14:08. Section: Daily DispatchesBy Gregor Stuart Hunter
Bloomberg News
Wednesday, January 2, 2019
A market indicator watched by the Fed as one of the most accurate gauges of economic health is pricing in lower rates for the first time in more than a decade.
What if nobody cares about market rigging? Do you?
Submitted by cpowell on Tue, 2019-01-01 21:12. Section: Daily Dispatches4:21p ET Tuesday, January 1, 2019
Dear Friend of GATA and Gold:
U.S. Mint's American Eagle 2018 gold, silver coin sales at 11-year lows
Submitted by cpowell on Tue, 2019-01-01 17:52. Section: Daily DispatchesBy Renita D. Young
Reuters
Monday, December 31, 2018
U.S. Mint sales of American Eagle gold and silver coins dropped to their lowest in 11 years during 2018, U.S. Mint data showed Monday, as investors favored higher-yielding assets despite global stock and bond market volatility late in the year.
