Daily Dispatches

U.S. dollar's share of currency reserves nears 5-year low, IMF says

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By Richard Leong
Reuters
Friday, December 28, 2018

The U.S. dollar's share of currency reserves reported to the International Monetary Fund fell in the third quarter to a near five-year low, while the euro’s share of reserves grew to its largest in almost four years, data released today showed.

Fund managers puzzled by market action that financial news organizations won't investigate

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Why not ask the Fed and Treasury to identify the markets they are secretly trading in, and the CFTC if it regulates government trading or looks the other way?

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'Completely Bizarre' Stock Moves Leave Traders Scratching Heads

By Abhishek Vishnoi, Min Jeong Lee, and Matthew Burgess
Bloomberg News
Friday, December 28, 2018

Gartman calls GATA 'always' bullish on gold but mining industry disagrees

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2:55p ET Wednesday, December 26, 2018

Dear Friend of GATA and Gold:

Thanks to GATA's old friend, gold market analyst John Brimelow, publisher of the Brimelow Gold Jottings letter, for calling attention to Dennis Gartman's comments about GATA in today's edition of The Gartman Letter:

Russia would like to mine Venezuela's gold

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Russian Companies Get Green Light to Mine Gold in Venezuela

From Russia Today, Moscow
Wednesday, December 26, 2018

Venezuelan authorities have offered to let Russian companies take part in gold exploration and gold mining in the country, according to the Russian ambassador to Venezuela, Vladimir Zaemsky.

Ronan Manly: Russian central bank's gold buying now may extend to international markets

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11:15a ET Tuesday, December 25, 2018

Dear Friend of GATA and Gold:

History will vindicate GATA -- if only when its founders are long gone

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I am against bigness and greatness in all their forms, and with the invisible molecular moral forces that work from individual to individual, stealing in through the crannies of the world like so many soft rootlets, or like the capillary oozing of water, and yet rending the hardest monuments of man's pride, if you give them time.

The thousand-dollar bill that could be worth $3 million

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Today the silver that backed this note would be worth 50 percent more than the note's face value.

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By James Tarmy
Bloomberg News
Thursday, December 20, 2018

Interest rate futures say Fed is all but done with hikes

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From Reuters
Monday, December 24, 2018

The Federal Reserve is finished raising U.S. interest rates.

That is the message emerging from the interest rate futures market as Monday's full-blown flight from risk assets drove traders to price out nearly any prospect of further rate increases from the Fed, which raised rates again only last week.

Treasury secretary summons 'Plunge Protection Team' as markets tumble

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By Jason Lange
Reuters
Sunday, December 23, 2018

WASHINGTON -- U.S. President Donald Trumps Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as the "Plunge Protection Team."

London's streets are no longer paved with gold as miners struggle

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By Thomas Biesheuvel
Bloomberg News
Sunday, December 23, 2018

Reports that AngloGold Ashanti Ltd. is considering a London listing provide some festive cheer to a city that's lost its way as a home for gold miners.

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