Daily Dispatches

This should clean out the rest of the Bank of England's custodial gold PDQ.

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Maduro Scrambles to Bring Venezuela's Gold Back from the UK

By Stephen Gibbs
The Times, London
Wednesday, November 7, 2018

10:32a ET Thursday, November 8, 2018

Dear Friend of GATA and Gold:

From Russia Today, Moscow
Wednesday, November 7, 2018

South Korea and Iran have agreed to switch to national currencies in trade exchanges as the sides aim to strengthen relations despite the U.S. sanctions on Tehran.

The agreement is of great importance to both countries, Yonhap News Agency reported, explaining that the deal indicated Korea's concerns about relations with Iran.

How did that "exhaustive" investigation of the silver market by the U.S. Commodities Futures Trading Commission miss this? How will the World Gold Council and most monetary metals mining companies continue to miss it? How many more anti-trust lawsuits will this prompt? Anybody seen Blythe Masters lately?

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5:58p ET Tuesday, November 6, 2018

Dear Friend of GATA and Gold:

Writing today at Sprott Money, the TF Metals Report's Craig Hemke analyzes why gold and silver have failed to fulfill expectations this year but adds why he thinks they could recover by the end of the year. Hemke's analysis is headlined "Into Year-End with Gold and Silver" and it's posted at Sprott Money here:

By Alex Hern
The Guardian, London
Monday, November, 5, 2018

The amount of energy required to "mine" one dollar's worth of bitcoin is more than twice that required to mine the same value of copper, gold, or platinum, according to a new paper, suggesting that the virtual work that underpins bitcoin, ethereum, and similar projects is more similar to real mining than anyone intended.

Remarks by Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Friday, November 2, 2018

Thanks for taking the time to come by on a bustling Friday night in New Orleans.

By Zandi Shabalalaand Clara Denina
Reuters
Monday, November 5, 2018

LONDON -- Barrick Gold Corp, which is being reorganized by Barrick’s $6.1 billion takeover of Randgold Resources, is in talks with Newmont Mining to combine their Nevada gold mining operations, sources told Reuters.

9:21a CT Monday, November 5, 2018

Dear Friend of GATA and Gold:

By Mayela Armas
Reuters
Monday, November 5, 2018

CARACAS -- Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters.