Daily Dispatches

Venezuela refining gold in Turkey to avoid sanctions

Section:

From Reuters
Wednesday, July 18, 2018

CARACAS -- Venezuela's central bank this year began refining gold in Turkey following a wave of international sanctions that have left it unwilling to carry out such operations in Switzerland, the country's mining minister said today.

Moscow mystery: Where did all its Treasuries go?

Section:

By Brian Chappatta
Bloomberg News
Thursday, July 19, 2018

U.S. bond traders are fixated on Russia this week for a much different reason than most Americans.

Ronan Manly: Chinese gold market is still in the driver's seat

Section:

9:30p ET Wednesday, July 19, 2018

Dear Friend of GATA and Gold:

Paulson says suitor is interested in acquiring Detour Gold

Section:

By Danielle Bochove
Bloomberg News
Wednesday, July 18, 2018

Paulson & Co., the hedge fund run by billionaire manager John Paulson, said it has received information from Detour Gold Corp. that a major gold miner is interested in potentially acquiring it. Detour surged as much as 13 percent after the news.

Jim Rickards: How the U.S. controls the world financial system to coerce everyone

Section:

10:55a ET Wednesday, July 18, 2018

Dear Friend of GATA and Gold:

An excellent primer on the U.S. government's control of the world financial system and U.S. use of the system to coerce other countries was provided yesterday at the Daily Reckoning by fund manager and newsletter writer James G. Rickards.

Palisade Research: Leveraged bullish gold share fund saw 14x spike in volume yesterday

Section:

This Is the Most Important Chart for Gold Investors to See Right Now

From Palisade Research
Palisade Global Investments Ltd., Freeport, Bahamas
Wednesday, July 18, 2018

There's a lot of talk about the relative strength of gold stocks in the recent sell-off for gold.

But nothing sticks out quite like this.

Race for sunk Russian warship's '5,500 boxes of gold'

Section:

From the South China Morning Post, Hong Kong
Wednesday, July 18, 2018

Divers off the South Korean island of Ulleungdo have discovered the fabled wreck of the Dmitrii Donskoi, a Russian warship that was sunk in 1905 and is rumoured to still contain 5,500 boxes of gold bars and coins said to be worth US$133 billion.

Russia again dumps U.S. Treasuries amid sanctions

Section:

Foreigners Buy U.S. Treasuries in May; Russia Drops Out of List, Data Shows

By Gertrude Chavez-Dreyfuss and Richard Leong
Reuters
Tuesday, July 17, 2018

NEW YORK -- Foreigners bought U.S. Treasuries in May, led by private investors, data from the Treasury Department showed on Tuesday, in a safety bid amid geopolitical tensions linked to trade and Italy-related turmoil.

Craig Hemke at Sprott Money: India vs. Comex silver

Section:

7:58p ET Tuesday, July 17, 2018

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing at Sprott Money, reports tonight that in recent months India's demand for silver has been running at record levels. But Hemke adds that paper silver traded on the New York Commodities Exchange trades every two days more silver than the world produces in a year.

David Brady at Sprott Money: China robs Comex of control of gold price

Section:

1:45p ET Friday, July 13, 2018

Dear Friend of GATA and Gold:

The close correlation of the gold price with the valuation of the Chinese yuan and the International Monetary Fund's Special Drawing Rights shows that China, not the New York Commodities Exchange, is now in control of the price of the monetary metal, money manager David Brady writes today at Sprott Money.

Syndicate content