Daily Dispatches

War on cash and savers will prompt scramble for real metal, Hathaway says

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5:55p HKT Friday, April 8, 2016

Dear Friend of GATA and Gold:

Tocqueville Gold Fund manager John Hathaway tells King World News today that the war on cash and savers being waged by central banks likely will prompt a scramble for physical gold -- and there isn't much available for sale at current prices. An excerpt from Hathaway's interview is posted at KWN here:

Peter DeGraaf: Gold and silver miners should 'starve the paper market'

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5:46p HTK Friday, April 8, 2016

Dear Friend of GATA and Gold:

London's $5 trillion gold hub getting ready for a major overhaul

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By Eddie Van Der Walt
Bloomberg News
Wednesday, April 6, 2016

There's a competition brewing to figure out how the world's largest gold-trading hub can get bigger and better.

Venezuela ordered to pay Crystallex $1.4 billion in arbitration ruling

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By Peter Koven
National Post, Toronto
Tuesday, April 5, 2016

An arbitration tribunal has ordered the Venezuelan government to pay a whopping US$1.386 billion to Canadian miner Crystallex International Corp., saying the state caused all of Crystallex's investments "to become worthless."

Gold price suppression is mentioned without a sneer at Kitco

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4:17p HKT Friday, April 8, 2016

Dear Friend of GATA and Gold:

Alasdair Macleod: Gold and interest rates

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, April 7, 2016

It is commonly assumed that the gold price and interest rates move in opposite directions. In other words, a tendency towards higher interest rates is accompanied by a lower gold price.

Like all assumptions about prices, sometimes it is true and sometimes not.

Puerto Rico passes bill allowing halt to debt payments

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Is Illinois next?

* * *

By Mary Williams Walsh
The New York Times
Wednesday, April 6, 2016

Gov. Alejandro García Padilla of Puerto Rico on Wednesday signed a bill that would allow him to declare an emergency and give him authority to halt payments on the island's crushing $72 billion debt.

The gold miner excavating nothing but 13 years of red tape

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By Swansy Afonso, Rajesh Kumar Singh, and Archana Chaudhary
Bloomberg News
Wednesday, April 6, 2016

After more than a decade struggling to cut through red tape to mine gold in India, Sandeep Lakhwara could be forgiven for thinking things couldn't get much worse. Then they did.

Robert Appel: Here's what the Fed doesn't want you to know about gold prices

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10:33a HKT Wednesday, April 6, 2016

Dear Friend of GATA and Gold:

Mike Kosares: Quietly the advantage in gold goes to private investors

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Big Banks, Hedge Funds Key Factors in 2016 Gold Surge

By Michael Kosares, Editor
USAGold's News & Views
USAGold, Denver
Tuesday, April 5, 2016

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