Daily Dispatches

Hugo Salinas Price: The gold worm on the yuan hook


12:39p ET Friday, October 6, 2017

Dear Friend of GATA and Gold:

HSBC traders used code word to trigger front-running, prosecutor says


By Patricia Hurtado
Bloomberg News
Friday, October 6, 2017

A group of HSBC Holdings currency traders in London and New York feverishly jumped ahead of a $3.5 billion client order after they were tipped off using the code words "my watch is off," a U.S. prosecutor told a federal judge.

Saudi Arabia will start buying military equipment from Russia


Russia, Saudi Arabia Cement New Friendship with King's Visit

By Vladimir Soldatkin and Katya Golubkova
Thursday, October 5, 2017

MOSCOW -- Russian President Vladimir Putin hosted Saudi Arabia's King Salman for talks at the Kremlin today, cementing a relationship that is pivotal for world oil prices and could decide the outcome of the conflict in Syria.

Bullion Star's Chinese gold market essentials


7:39p ET Thursday, October 5, 2017

Dear Friend of GATA and Gold:

Bullion Star's Torgny Persson today summarizes his internet site's recent reports on China's gold market. The summary is headlined "Chinese Gold Market Essentials" and it's posted at Bullion Star here:


CHRIS POWELL, Secretary/Treasurer

Alasdair Macleod: Interest rate increases won't bother gold much


2:28p ET Thursday, October 5, 2017

Dear Friend of GATA and Gold:

Venezuela suggests global oil trade in Russian ruble, Chinese yuan


From Russia Today, Moscow
Wednesday, August 4, 2017

The president of Venezuela, Nicolas Maduro, has proposed that oil-producing countries should discuss creating a currency basket for trading crude and refined products.

"Developing a new mechanism of controlling the oil market is necessary,” he said today at the Russian Energy Forum, being held in Moscow this week.

Mike Kosares: Gold is rising in all major currencies, including the dollar


5:20p ET Wednesday, October 4, 2017

Dear Friend of GATA and Gold:

USAGold's Mike Kosares writes today that gold is rising not just in lesser currencies around the world but in terms of the U.S. dollar as well, for the first time since the Gold Currency Index was created in 1997.

Keith Weiner: Thoughtful disagreement with Ted Butler


5:03p ET Wednesday, October 4, 2017

Dear Friend of GATA and Gold:

Open Mineral Exchange seeks to revolutionize commodity trading with online platform


By Henry Lazenby
Mining Weekly, Johannesburg, South Africa
Wednesday, October 4, 2017

VANCOUVER, British Columbia, Canada -- A group of former traders at commodity giant Glencore has created an innovative new cloud-based mineral exchange to make it easier for producers and users to trade physical commodities -- cutting out the often costly middleman.

Paulson says Sprott, others keen to join gold-investors group


The worst gold mining company management is the management that fails to acknowledge gold market rigging by governments and central banks.

* * *

By Dnaielle Bochove and Anders Melin
Bloomberg News
Tuesday, October 4, 2017


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