Daily Dispatches

Kirkland Lake Gold to buy Detour Gold for $3.7 billion

Section:

By Joe Deaux and Thomas Biesheuvel
Bloomberg News
Monday, November 25, 2019

Canada's Kirkland Lake Gold Ltd. headed for the biggest slump in Toronto trading in more than four years after announcing a C$4.9 billion ($3.7 billion) agreement to buy Detour Gold Corp.

In Kitco interview, 'analyst' marvels dumbly at lethargy of gold price

Section:

11:51a ET Saturday, November 23, 2019

Dear Friend of GATA and Gold:

Kitco yesterday quoted a "senior market strategist" expressing cluelessness about the recent lethargy of the gold price. The report was headlined "Gold Price Has 'Every Reason in the World to Rally'; Why Isn't It?" and it can be found here:

If not for GATA, what would you really know about gold?

Section:

9:11a ET Saturday, November 23, 2019

Dear Friend of GATA and Gold:

Romanian president stalls repatriation of gold reserves

Section:

From Romania Journal, Bucharest
Wednesday, November 20, 2019

President Klaus Iohannis has sent back to Parliament the law on gold repatriation initiated by the former Social Democratic Party leader Liviu Dragnea and by the party's Sen. Serban Nicolae. The law says Romania's gold reserves deposited abroad should be stored in the country.

... Dispatch continues below ...


Ted Butler: A genuine dilemma

Section:

11:25a ET Friday, November 22, 2019

Dear Friend of GATA and Gold:

Patrick Heller: 'Paper' gold can be risky business

Section:

By Patrick Heller
Numismatic News, Iola, Wisconsin
Thursday, November 21, 2019

Owning "paper" gold is not the same as possessing physical gold. Even though prices of both forms of gold ownership are currently the same, they will not necessarily be equal down the road.

Venezuela's paper currency is worthless, so its people seek virtual gold

Section:

From The Economist, London
Thursday, November 22, 2019

Corruption, incompetence, and sanctions have devastated Venezuela's oil industry, the country's main source of hard currency. But Venezuela's economic crisis has encouraged the growth of another: the "farming" of virtual gold in the artificial worlds created by video games.

Glint Pay, gold payment start-up, is rescued by investors

Section:

By Daniel Thomas
Financial Times, London
Thursday, November 21, 2019

A UK start-up that lets customers buy and use gold for everyday spending has been saved from administration by its management and investors.

Ex-JPMorgan trader found guilty in U.S. currency-rigging trial

Section:

By Brendan Pierson
Reuters
Wednesday, November 20, 2019

NEW YORK -- A former foreign exchange trader at JPMorgan Chase & Co. was found guilty Wednesday of conspiring to rig trades for his own benefit.

Akshay Aiyer was convicted of one count of conspiracy by a jury in federal court in Manhattan, court records show. He is scheduled to be sentenced on April 3.

If not for GATA, what would you really know about gold?

Section:

9:36p ET Thursday, November 21, 2019

Dear Friend of GATA and Gold:

Syndicate content