Daily Dispatches

Venezuela fails to reclaim the gold it pawned to Deutsche Bank

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That's a lot more central bank gold that hit the market since the swap was undertaken in 2016.

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Venezuela Allows $1.7 Billion Gold Swap with Deutsche Bank to Lapse, Legislator Says

By Corina Pons
Reuters
Monday, October 22, 2017

Ted Butler: Fear of silver shorting spurs Scotia to sell its metals division

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12:39 CT Monday, October 23, 2017

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler speculates today that the Bank of Nova Scotia is seeking to sell its metals trading division, ScotiaMocatta, because the bank realizes that the silver shorting business in which the division has specialized is a potentially disastrous liability.

Ron Paul: Trump's picks for Fed chairman are just more of the same

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By Ron Paul
The Ron Paul Institute, Clute, Texas
Monday, October 23, 2017

China's trillion-dollar plan for world domination splits Australian politicians

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By Ben Graham
News.com.au (News Corp.), Sydney
Monday, October 23, 2017

AS Donald Trump whips the world into a frenzy with his tweets, China is plotting a trillion-dollar global trade revamp which could change everything.

It's being dubbed the "New Silk Road" which could redefine global trade and mark a tipping point for a new Asian century.

Why central banks disagree with Gary North about gold

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1p ET Friday, October 20, 2017

Dear Friend of GATA and Gold:

In his essay this week, "The Case Against Gold as a Central Bank Asset" --

https://www.garynorth.com/public/17271.cfm

-- the economic historian and libertarian financial writer Gary North argues that central banks should get rid of their gold reserves.

Barclays sued by fund for $850 million in metals market abuse

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By Jack Farchy and Mark Burton
Bloomberg News
Thursday, October 19, 2017

Red Kite Management Ltd., the world's largest metals hedge fund, is suing Barclays for alleged market abuse in the copper market that it claims cost the firm at least $850 million between 2010 and 2013.

Barrick gives Tanzania stake in mines, $300 million to end dispute

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From Reuters
via The New York Times
Thursday, October 19, 2017

DAR ES SALAAM, Tanzania -- Barrick Gold will give Tanzania a 16 percent stake in three gold mines, a 50 percent share of revenue from those mines, and a one-off payment of $300 million to resolve a dispute that has hit its operations in the country, the two sides said.

Hugo Salinas Price: How unbacked fiat money corrupts society

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7:44p ET Wednesday, October 18, 2017

Dear Friend of GATA and Gold:

In commentary he laconically headlines "Anecdotes and Reminiscences," Hugo Salinas Price of the Mexican Civic Association for Silver today uses episodes from his country's history to illustrate the corrupting tendency of unbacked fiat money.

Bitcoin falls on reminder that CFTC might regulate it

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Bitcoin Just Had Its Biggest Drop in a Month

By Constantine Courcoulas
Bloomberg News
Wednesday, October 18, 2017

Traders waiting for a pullback in bitcoin’s price to rebuild positions in the world's largest cryptocurrency may have the U.S. Commodity Futures Trading Commission to thank.

Chinese buyers reported interested in Scotiabank's gold business

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Scotiabank Looks to Sell Gold Trading Unit After Money-Laundering Scandal

By Henry Sanderson, Neil Hume, James Fontanella-Khan, and Gregory Meyer
Financial Times, London
Wednesday, August 18, 2017

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