Daily Dispatches

Ambrose Evans-Pritchard: Libor surge nears danger level for debt-drenched world

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By Ambrose Evans-Pritchard
The Telegraph, London
Wednesday, February 28, 2018

The stress signals of the global credit system are flashing amber. The offshore dollar funding markets that lubricate world finance are facing an incipient squeeze.

Lassonde likes the gold price with central banks rigging the market

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12:18a ET Thursday, March 1, 2018

Dear Friend of GATA and Gold:

Oh, for a journalist who would put a few serious questions to Franco-Nevada Chairman Pierre Lassonde, former chairman of the World Gold Council, when he says, as he told Daniela Cambone of Kitco News this week, that "gold is well-priced" and "where it should be."

Stephen Leeb: The gold-based monetary system is on its way

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8:04p ET Tuesday, February 27, 2018

Dear Friend of GATA and Gold:

Craig Hemke at Sprott Money: Total U.S. debt and gold

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7:09p ET Tuesday, February 27, 2018

Dear Friend of GATA and Gold:

Scotiabank won't sell metals business after all

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By Matt Scuffham
Reuters
Tuesday, February 27, 2018

TORONTO -- Canadian lender Bank of Nova Scotia said today it would keep its ScotiaMocatta metals trading business, ending months of speculation that it could be sold, and the bank reported earnings that beat market expectations.

Hong Kong exchange wants gold trading corridor along 'Belt and Road'

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By Karen Yeung
South China Morning Post, Hong Kong
Tuesday, February 20, 2018

The Chinese Gold & Silver Exchange Society, Hong Kong's gold exchange, is in talks with Singapore, Myanmar and Dubai to establish a gold commodity corridor to promote yuan-denominated products under China's Belt and Road Initiative, according to its president Haywood Cheung Tak-hay.

Silver deeply in backwardation and on verge of breakout, Turk tells KWN

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8:47p ET Monday, February 26, 2018

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk, interviewed today by King World News, says silver is deeply in backwardation and seems to be on the verge of breaking up and out against the longstanding price suppression. The interview is posted at KWN here:

https://kingworldnews.com/james-turk-war-raging-silver-market/

Manipulation keeping markets from doing what they ordinarily would, Sprott says

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9:31a ET Monday, February 26, 2018

Dear Friend of GATA and Gold:

Russia overtakes China in gold reserves race to end U.S. dollar dominance

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From Russia Today, Moscow
Monday, February 26, 2018

The Central Bank of Russia boosted its holdings of gold by almost 20 metric tons last month, with reserves reaching 1,857 tons. It has increased its holdings every month since March 2015.

Australia's top gold miner boosts bets on Ecuador's riches

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By David Stringer
Bloomberg News
Sunday, February 25, 2018

Australia's largest gold producer, Newcrest Mining Ltd., will invest $250 million for a stake in Lundin Gold Inc. to boost its presence in Ecuador, which is attracting a slate of mining giants hunting for major untapped metals deposits.

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