Daily Dispatches

Goldman Sachs to pay $110 million to resolve forex probes

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By Greg Farrell
Bloomberg News
Tuesday, May 1, 2018

Goldman Sachs Group Inc. has agreed to pay about $110 million to resolve allegations that its foreign exchange traders improperly shared information about client orders on an electronic chat room, putting clients at a disadvantage.

Venezuela stops paying $1 billion debt to Canadian gold miner

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By Jonathan Wheatley
Financial Times, London
Monday, April 30, 2018

Venezuela has stopped making payments on more than $1 billion it owes to a Canadian mining company, highlighting the country's extreme difficulties in paying off its overseas debt.

Zimbabwe's former central banker says he printed money to prevent coup

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From Bulawayo 24 News
Bulawayo, Zimbabwe
Sunday, April 29, 2018

Former Reserve Bank of Zimbabwe Governor Gideon Gono says he was forced to print money even when he knew it would cause hyperinflation because the government was desperate to forestall a coup by hungry soldiers.

St. Louis Fed says bitcoin is 'like regular currency'

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By David Z. Morris
Fortune magazine, New York
Saturday, April 28, 2018

http://fortune.com/2018/04/28/st-louis-federal-reserve-says-bitcoin-is-l...

Paris to decide fate of huge gold mine in forests of French Guiana

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By Chloe Farand
The Guardian, London
Friday, April 27, 2018

Through the window of the small propeller plane leaving the capital, Cayenne, the jungle's canopy stretches out as far as the eye can see.

More than 90% covered by luxuriant rainforest, French Guiana has little in common with mainland France bar the name.

... Dispatch continues below ...


Royal Canadian Mint calls mounties after 2 kilos of gold vanish

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By Kelly Egan
Ottawa Citizen
Thursday, April 26, 2018

Two kilograms of gold have gone missing from the Royal Canadian Mint, three years after an employee repeatedly -- and with international notoriety -- stole chunks of the precious metal by hiding it in his rectum.

In GoldSeek Radio interview, GATA secretary cites BIS, Comex developments

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3:10p ET Thursday, April 26, 2018

Dear Friend of GATA and Gold:

Interviewed by GoldSeek Radio's Chris Waltzek, your secretary/treasurer discusses the increasing intervention of the Bank for International Settlements in the gold market over the past year, as well as the refusal of major financial news organizations to report it.

Craig Hemke at Sprott Money: The soaring dollar crushes the commodity rally

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By Craig Hemke
Sprott Money, Toronto
Wednesday, April 25, 2018

Just last week it appeared that a general rally in commodities was underway.

Gold, silver, the base metals, and crude oil were all soaring. But now, less than one week later, prices are falling sharply. And why?

Blame the high-frequency traders who trade the digital derivative contracts.

Trump's bank watchdog bought financial stocks up until taking office

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By Michelle Price and Patrick Rucker
Reuters
Wednesday, April 25, 2018

WASHINGTON -- U.S. President Donald Trump's nominee for Wall Street regulator Comptroller of the Currency bought financial stocks until he took office in November, according to financial disclosure documents filed with the Office of Government Ethics.

Ex-UBS metals trader beats spoofing conspiracy charge

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By Christie Smythe
Bloomberg News
Wednesday, April 25, 2018

If anything is more precious than gold, it might be an acquittal.

A former UBS Group AG precious metals trader was found not guilty on Wednesday of scheming to manipulate futures markets through a practice known as spoofing.

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