Daily Dispatches

India mulls reviving colonial-era gold mines with $2 billion in reserves

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By Neha Dasgupta
Reuters
Thursday, January 26, 2017

NEW DELHI -- India is planning to revive a cluster of colonial-era gold mines -- shut for 15 years but with an estimated $2.1 billion worth of deposits left -- as the world's second-largest importer of the metal looks for ways to cut its trade deficit, officials said.

Gold exports to China soar in run-up to year of the rooster

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By Ranjeetha Pakiam and Eddie Van Der Walt
Bloomberg News
Thursday, January 26, 2017

Gold exports to China soared in the run-up to the start of the lunar new year, with volumes increasing in December from major suppliers Switzerland and Hong Kong.

Russia sells giant gold deposit to Polyus-led joint venture

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By Polina Devitt
Reuters
Thursday, January 26, 2017

MOSCOW -- A joint venture between Russia's top gold producer Polyus and state conglomerate Rostec has bought the rights to develop Sukhoi Log, one of the world's largest untapped gold deposits, for 9.4 billion rubles ($158 million).

Physical gold demand slid to 7-year low in 2016, GFMS says

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By Jan Harvey
Reuters
Thursday, January 26, 2017

LONDON -- Physical gold demand fell 20 percent last year to its lowest since 2009, GFMS analysts at Thomson Reuters said in a report today, as a rebound in prices after three straight years of losses blunted appetite for the metal.

New York Sun: The 20,000 Dow

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From the New York Sun
Wednesday, January 25, 2017

GATA chairman notes smashing of gold on eve of options expiration

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8:14p ET Wednesday, January 25, 2017

Dear Friend of GATA and Gold:

Excessive leverage promises disaster for financial system, Embry says

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7:57p ET Wednesday, January 25, 2017

Dear Friend of GATA and Gold:

The world financial system is heading toward disaster because of excessive leverage, Sprott Asset Management's John Embry tells King World News today.

Putin's sanctioned ally may win mine with a quarter of Russian gold resources

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By Yuliya Fedorinova
Bloomberg News
Wednesday, January 25, 2017

Russia's auction of its giant Sukhoi Log gold field this week pits a long-time ally of President Vladimir Putin against a rival bidder with little background in mining.

Mnuchin backs Fed independence and signals reform isn't priority

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By Craig Torres and Saleha Mohsin
Bloomberg News
Tuesday, January 24, 2017

U.S. Treasury Secretary nominee Steven Mnuchin isn't jumping on the Republican bandwagon to audit the Fed.

Mining firms see little appeal in Egypt's gold exploration terms

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By Eric Knecht
Reuters
Tuesday, January 24, 2017

CAIRO -- The gold beneath Egypt's desert could make it a top global producer, but the investment terms on offer are driving away small explorers whose skills the country needs to unlock its mineral wealth.

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