Ronan Manly: LBMA clearing and vaulting data reveal the absurdity of London 'gold' market

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9:12p ET Monday, October 1, 2018

Dear Friend of GATA and Gold:

Bullion Star gold researcher Ronan Manly today returns to the monthly gold trading and vaulting data published by the London Bullion Market Association and calculates that 130 times more gold is traded in the LBMA system every month than exists as real metal.

How intimately are major gold-mining companies connected with governments and central banks?

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11:36a ET Monday, October 1, 2018

Dear Friend of GATA and Gold:

Noting today's dispatch about the World Gold Council's latest confidential seminar for central bank and government officials --

http://gata.org/node/18527

You're not invited as World Gold Council teaches central banks about gold

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9:30a ET Monday, October 1, 2018

Dear Friend of GATA and Gold:

Poland buys gold for first time in 20 years

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Central Bank Gold Buying Hits Highest Level in Six Years, Macquarie Says

By Henry Sanderson
Financial Times, London
Thursday, September 27, 2018

Central banks have emerged as some of the biggest buyers of gold this year, with purchases hitting their highest level in six years, according to analysts at Macquarie.

Barrick seeks 'distinctive and preferred relationship with China'

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Barrick Eyes China Money to Lower Africa Risk After Randgold Deal, Sources Say

By John Tilak and Clara Denina
Reuters
Friday, September 28, 2018

Ted Butler: What disconnect?

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12:26p ET Friday, September 28, 2018

Dear Friend of GATA and Gold:

JPMorgan's Marko Kolanovic says dollar hegemony is now at risk

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By Cecile Gutscher
Bloomberg News
Thursday, September 27, 2018

A backlash against the world's reserve currency may be brewing as rivals to America look to weaken the dollar's hold over the global financial system, says Marko Kolanovic, macro-market wiz at JPMorgan Chase & Co.

Peter Hambro returns to Russian gold miner Petropavlovsk

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By Henry Sanderson
Financial Times, London
Thursday, September 27, 2018

City veteran Peter Hambro has returned to the Russian gold miner he co-founded, Petropavlovsk, following his ousting after a shareholder revolt.

Mr. Hambro will be president of the company and a senior adviser to the board, the company said today.

... Dispatch continues below ...


Judge sides with CFTC on virtual currency oversight

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By Michelle Price
Reuters
Wednesday, September 26, 2018

WASHINGTON -- A federal judge said on Wednesday that virtual currencies meet the definition of a commodity and fall within the jurisdiction of the U.S. derivatives regulator, allowing the agency to pursue fraud allegations against My Big Coin Pay Inc.

Barrick draws closer to Chinese government-owned Shandong Gold

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Barrick and Shandong Gold Enter Cross-Shareholding Deal

From Zacks Investment Research, Chicago
via NASDAQ.com, New York
Wednesday, September 25, 2018

Barrick Gold Corp. has inked a mutual investment agreement with Shandong Gold Group Co. Ltd. The move strengthens the company's partnership with one of the leading mining companies in China.