Parliament leaders want Romanian gold reserves brought home
Submitted by cpowell on Thu, 2019-02-28 23:50. Section: Daily DispatchesBy Ioana Erdei
Business Review, Bucharest, Romania
Wednesday, February 27, 2019
BUCHAREST, Romania -- Chamber of Deputies President Liviu Dragnea and Socia Democratic Party Sen. Serban Nicolae have proposed a bill to force the National Bank to store 95 percent of Romania's gold reserves in the country.
BMG Group's Nick Barisheff: Canadian regulators discourage investment in gold mutual funds
Submitted by cpowell on Thu, 2019-02-28 17:30. Section: Daily Dispatches12:30p ET Thursday, February 28, 2019
Dear Friend of GATA and Gold:
Nick Barisheff of bullion dealer and metals fund manager BMG Group in Canada writes that the country's securities regulators have issued rules --
http://www.osc.gov.on.ca/en/SecuritiesLaw_ni_20161208_81-101-81-102_csa-...
Venezuelan regime took 8 tons of gold from central bank last week, Reuters says
Submitted by cpowell on Wed, 2019-02-27 21:32. Section: Daily DispatchesBy Corina Pons and Mayela Armas
Reuters
Wednesday, February 27, 2019
CARACAS, Venezuela -- At least 8 tons of gold were removed from the Venezuelan central bank's vaults last week, an opposition legislator and three government sources told Reuters, in the latest sign of President Nicolas Maduro's desperation to raise hard currency amid tightening sanctions.
Craig Hemke at Sprott Money: Gold and silver 2019 status report
Submitted by cpowell on Wed, 2019-02-27 03:56. Section: Daily Dispatches10:55p ET Tuesday, February 26, 2019
Dear Friend of GATA and Gold:
If gold doesn't correlate as it should, how about inquiring why?
Submitted by cpowell on Tue, 2019-02-26 15:18. Section: Daily Dispatches10:22a ET Tuesday, February 26, 2019
Dear Friend of GATA and Gold:
Financial letter writer Mark Hulbert never offers a good word about gold, which is fine, but then never offers a relevant one either. This practice has turned him into a mere propagandist.
In his essay today at MarketWatch, headlined "Why Gold Won't Save Your Portfolio from Inflation's Bite" --
Newmont CEO calls Barrick move 'desperate'
Submitted by cpowell on Tue, 2019-02-26 02:29. Section: Daily DispatchesBy Ed Hammond
Bloomberg News
Sunday, February 24, 2019
The chief executive officer of Newmont Mining Corp. labeled a potential takeover attempt by rival gold miner Barrick Gold Corp. as a "desperate" and "bizarre" move aimed at complicating his company's pending deal to acquire Goldcorp Inc.
Gold and silver are resisting options expiration smashes, Turk says
Submitted by cpowell on Tue, 2019-02-26 00:54. Section: Daily Dispatches7:55p ET Monday, February 25, 2019
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk, interviewed today by King World News, says the monetary metals are fending off pretty well the usual smashes tied to options expiration.
Here's another way of getting control of the gold price
Submitted by cpowell on Mon, 2019-02-25 16:18. Section: Daily DispatchesCombine the biggest producers and then undersell the smaller ones so the price of the metal goes down until the smaller producers liquidate at distress prices. Central banks could help finance this by leasing gold cheaply to the conglomerating producer, as they assisted Barrick with its first round of acquisitions, including Homestake Mining in 2002 and Placer Dome in 2006.
To ease acquisition, Barrick moves to change Newmont bylaws
Submitted by cpowell on Mon, 2019-02-25 04:16. Section: Daily DispatchesNewmont Says Barrick Intends to Propose Changes of Newmont By-Laws
By Ismail Shakil
Reuters
Sunday, February 24, 2019
Newmont Mining Corp said today that Barrick Gold Corp. intends to propose lowering the ownership threshold needed to call a meeting of Newmont shareholders.
Citigroup says Venezuela deal covered $1.6 billion in gold
Submitted by cpowell on Sat, 2019-02-23 18:38. Section: Daily DispatchesBy Jennifer Surane and Patricia Laya
Bloomberg News
Friday, February 22, 2019
Citigroup Inc. said it entered into a financing deal with Venezuela's central bank in 2015 essentially using $1.6 billion of gold held at the Bank of England as collateral.
