Daily Dispatches

Secret Alpine gold vaults are the new Swiss bank accounts

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By Hugo Miller and Stephanie Baker
Bloomberg News
Friday, September 30, 2016

Deep in the Swiss Alps, next to an old airstrip suitable for landing Gulfstream and Falcon jets, is a vast bunker that holds what may be one of the world’s largest stashes of gold.

Ted Butler: The biggest scandal

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10:37a ET Friday, September 30, 2016

Dear Friend of GATA and Gold:

In New Orleans you can't lose -- unless you miss Friday's room reservation deadline

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By Brien Lundin
New Orleans Investment Conference
Thursday, September 29, 2016

You may be missing out on a fortune.

Hundreds of investors are multiplying their money as much as five times within weeks. They're discovering junior gold stocks that quickly turn $10,000 into as much as $300,000, and sometimes much more.

Some Deutsche Bank clients reduce collateral on trades

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By William Canny
Bloomberg News
Thursday, September 29, 2016

Amid mounting concern about Deutsche Bank's ability to withstand pending legal penalties, about 10 hedge funds that do business with the German lender have moved to reduce their financial exposure. The shares slumped.

Alasdair Macleod: America is on a slippery slope

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4:05p ET Thursday, September 29, 2016

Dear Friend of GATA and Gold:

The decline of the American empire, GoldMoney research director Alasdair Macleod writes today, will increase the strategic necessity of gold and the risk of war. Macleod's commentary is headlined "America is on a Slippery Slope" and it's posted at GoldMoney here:

Yellen says Fed could buy stocks if Congress authorized it

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From ETF Daily News, Coronado, California
Thursday, September 29, 2016

For the first time the Federal Reserve has openly spoken about expanding its monetary policy toolbox to include the purchase of stocks -- not just bonds and mortgage securities -- and the implications could be huge.

Gold deal making heating up as Kirkland Lake swallows Newmarket

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By Danielle Bochove
Bloomberg News
Thursday, September 29, 2016

A proposed merger between two Canada-based gold miners is the latest example of consolidation in an industry that remains under pressure to cut costs, even as stronger gold prices smooth the way for deal-making.

Russian central bank buys gold because it can do it with depreciating rubles

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Russia's Adding Another 200 Tons of Gold to Its Treasury and Here's Why

From Sputnik News, Moscow
Thursday, September 29, 2016

Another German bank in trouble: Commerzbank to cut 9,600 jobs, suspend dividend

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By Marion Dakers
The Telegraph, London
Thursday, September 29, 2016

Commerzbank, the second-biggest bank in Germany, has suspended its dividend and revealed more than 9,000 job losses as it tries to shore up its business in the face of ultra-low interest rates and sagging client activity.

Russian central bank can't explain why it keeps buying gold

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Russian Central Bank Says It Has No Aim to Raise Gold's Share in Reserves

By Yelena Fabrichnaya, Lidia Kelly, and Maria Kiselyova
Reuters
Wednesday, September 28, 2016

http://www.reuters.com/article/russia-cenbank-gold-reserves-idUSR4N1BY01...

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