Daily Dispatches

Part 4 from 'American Default': Victory in gold battle saved the New Deal

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1:44p ET Friday, May 25, 2018

Jim Rickards: 'Axis of Gold' readies gold-based payment system to evade U.S. control

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The Axis of Gold Will Drive Gold Higher by the End of 2018

By James G. Rickards
The Daily Reckoning, Baltimore, Maryland
Thursday, May 24, 2018

Part 3 from 'American Default': If gold won't go up, push the dollar down

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8:10p ET Thursday, May 24, 2018

Dear Friend of GATA and Gold:

London Metal Exchange to launch yuan-denominated futures in sign of Chinese currency's growing cachet

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By Enoch Yiu
South China Morning Post, Hong Kong
Monday, May 21, 2018

The London Metal Exchange is planning to introduce yuan-denominated metal products, according its chief executive, a sign the currency’s status in international finance is on the rise.

U.S. launches criminal probe into bitcoin price manipulation

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By Matt Robinson and Tom Schoenberg
Bloomberg News
Thursday, May 24, 2018

The Justice Department has opened a criminal probe into whether traders are manipulating the price of bitcoin and other digital currencies, dramatically ratcheting up U.S. scrutiny of red-hot markets that critics say are rife with misconduct, according to four people familiar with the matter.

Maybe the laid-off South African miners can become investment bankers

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Gold Miner AngloGold Ashanti to Cut South Africam Jobs as Costs Rise

By Henry Sanderson
Financial Times, London
Wednesday, May 23, 2018

AngloGold Ashanti, the world's third-largest gold miner, said it will cut almost a third of its workforce in South Africa as it struggles with a strengthening rand and a lacklustre gold price.

The Marshall Islands replaces U.S. dollar with its own cryptocurrency

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By Shannon Liao
The Verge, New York
Wednesday, May 23, 2018

The Marshall Islands has made its own cryptocurrency, doing away with the U.S. dollar. The government has signed the change into law, making the "sovereign" its new official cryptocurrency, as spotted by CNBC Africa cryptocurrency trader host Ran Neuner on Twitter yesterday.

Part 2 of Bloomberg News excerpting of 'American Default'

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1:54p ET Wednesday, May 23, 2018

Dear Friend of GATA and Gold:

The second of the Bloomberg News four-part excerpting of the new book, "American Default" by UCLA professor Sebastian Edwards, is headlined "When Franklin Roosevelt Dropped a Bombshell on Gold" and it's posted here:

https://www.bloomberg.com/view/articles/2018-05-23/fdr-s-bombshell-on-go...

Sunken galleon's gold has probably been hypothecated already

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Spanish Galleon Laden with L13 billion in Gold Found at Bottom of Caribbean Sea, 300 Years after Sinking

By Chris Baynes
The Independent, London
Wednesday, May 23, 2018

U.S. scientists found a Spanish galleon laden with treasure worth up to L12.6 billion at the bottom of the Caribbean Sea, more than 300 years after it sank.

Craig Hemke at Sprott Money: Looking forward to gold's next rally

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3:43p ET Tuesday, May 22, 2018

Dear Friend of GATA and Gold:

If the "wash-rinse-repeat" cycle played in the gold futures market by the market-rigging bullion banks against lesser traders is still operating, the TF Metals Report's Craig Hemke writes at Sprott Money today, a strong rally in gold is just about a week away.

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