Daily Dispatches

Chinese company in talks to buy large gold mine in Indonesia

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By Julie Steinberg and P.R. Venkat
The Wall Street Journal
Friday, June 1, 2018

A Chinese mining-exploration company is in advanced discussions to acquire an Indonesian gold and silver mine for around $1.5 billion, according to people familiar with the matter.

One of these days, Alice -- to the moon!

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9:58p ET Thursday, May 31, 2018

Dear Friend of GATA and Gold:

At the opening of GATA's Gold Rush 21 conference in Dawson City, Yukon Territory, back in August 2005, our friend, South Africa's "Mister Gold," the late Peter George, was already tired of the brazenness of gold price suppression.

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Mike Kosares: Gold ownership is a lifestyle decision as much as a portfolio decision

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3:39p ET Thursday, May 31, 2018

Dear Friend of GATA and Gold:

Gold ownership, USAGold proprietor Mike Kosares writes today, is as much a lifestyle decision as a portfolio decision, more a matter of preserving wealth than making money.

Alasdair Macleod: Gold's monetary rehabilitation

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3:14p ET Thursday, May 31, 2018

Dear Friend of GATA and Gold:

In perhaps his most brilliant essay yet, GoldMoney research chief Alasdair Macleod today notes that the U.S. government's more aggressive use of economic sanctions is pushing the rest of the world away from the U.S. dollar and toward an Asia- and gold-based monetary system.

Chris Marcus: What the London Gold Pool offers about the current gold market

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10:22a ET Thursday, May 31, 2018

Dear Friend of GATA and Gold:

Writing for bullion dealer Miles Franklin, financial analyst Chris Marcus calls attention to a couple of fascinating reports about the London Gold Pool of the 1960s by John Paul Koning. They were published in 2009 at the Mises Institute's internet site.

Incrementum's annual 'In Gold We Trust Report' sees 'the turning of the monetary tides'

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9a ET Wednesday, May 30, 2018

Dear Friend of GATA and Gold:

The annual "In Gold We Trust" report by Incrementum's Ronald-Peter Stoeferle and Mark J. Valek, titled "Gold and the Turning of the Monetary Tides," argues that the world is steadily moving away from a dollar-based financial system and that gold actually has been doing well for many years relative to other currencies.

Finance officials discuss use of Chinese yuan as reserve currency for Africa

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From Xinhua News Agency, Beijing
Tuesday, May 29, 2018

HARARE, Zimbabwe -- The Chinese yuan comes under the spotlight today and Wednesday when 17 top central bank and government officials from 14 countries in eastern and southern Africa meet here to discuss its possible use as a reserve currency for the region.

Craig Hemke at Sprott Money: Surging Comex silver deliveries

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4:16p ET Tuesday, May 29, 2018

Dear Friend of GATA and Gold:

FX abuses persist even after $10 billion in fines, traders say

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By Lananh Nguyen
Bloomberg News
Tuesday, May 29, 2018

Add Andy Maack of Vanguard Group Inc. to the list of a dozen or so executives who say that routine misbehavior in the $5.1 trillion-a-day foreign exchange market persists even after banks paid $10 billion in penalties and a trader was sent to prison.

Former IMF official becomes Italy's interim prime minister

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Markets Hit as Carlo Cottarelli Named as Italy's New Prime Minister

By James Politi
Financial Times, London
Monday, May 28, 2018

Investors ditched Italian bonds and equities on Monday as Sergio Mattarella, Italy's president, sought to head off political and market tensions by asking Carlo Cottarelli, a former International Monetary Fund official, to run a technocratic government.

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