Daily Dispatches

Ambrose Evans-Pritchard: Italy's insurgents enrage Germany and risk ECB payment freeze

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By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, May 17, 2018

https://www.telegraph.co.uk/business/2018/05/17/italys-insurgents-enrage...

Italy's insurgent parties want debt forgiveness and exit from EU

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5-Star, League Want ECB to Forgive 250 Billion Euros of Italy Debt: Draft

By Gavin Jones
Reuters
Tuesday, May 15, 2018

ROME -- The anti-establishment 5-Star Movement and far-right League plan to ask the European Central Bank to forgive 250 billion euros ($296 billion) of Italian debt, according to a draft of a coalition program the parties are working on.

Who cares about 'peak gold' until there's 'peak paper'?

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'We're Right at Peak Gold': All Major Deposits Have Been Discovered, Declares Goldcorp Chairman

By Gabriel Friedman
National Post, Toronto
Wednesday, May 16, 2018

As currency crisis worsens, Iranians invest in gold

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From Radio Farda, Washington
(Radio Free Europe / Radio Liberty)
Wednesday, May 16, 2018

Iranians are reportedly investing in gold after the Central Bank of Iran last week issued strict limits on the amount of foreign currency travelers can take out of the country amid a deepening currency crisis.

LBMA suspends Russian precious metals refinery from 'good delivery' lists

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By Peter Hobson
Reuters
Tuesday, May 15, 2018

LONDON -- The London Bullion Market Association said today it had suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership-related issues."

China's holdings of U.S. Treasuries rise to a 5-month high

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By Brendan Murray
Bloomberg News
Tuesday, May 15, 2018

China's holdings of Treasuries rose to a five-month high in March, underscoring the allure of U.S. government debt even amid trade tensions between the world's two largest economies.

Craig Hemke at Sprott Money: The gold spec washout begins

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2:34p ET Tuesday, May 15, 2018

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing today for Sprott Money, says today's dip in the gold price is a "washout" of speculators by the bullion banks, a predictable development in the long cycle of market manipulation.

According to Hemke, it is also a "fakeout," and he asks gold investors: "Are you prepared?"

New struggle for Petropavlovsk could restore former executives

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A Crypto Tycoon, Banking Heir and the Mysterious Fight for Gold

By Thomas Biesheuvel
Bloomberg News
Monday, May 14, 2018

The battle for some of Russia's richest gold mines has an unusual cast of characters: the scion of one of Europe’s great banking families, a Kazakh tycoon with his own cryptocurrency, hedge fund D.E. Shaw, and mystery shareholders.

U.S. retreat from trade deals poses new threat to the dollar

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By Chelsey Dulaney and Joshua Zumbrun
The Wall Street Journal
Sunday, May 13, 2018

Trade friction is emerging as the latest threat to the U.S. dollar's position at the heart of the global financial system.

GATA board member Steer interviewed about commodity price suppression

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9:07a ET Friday, May 11, 2018

Dear Friend of GATA and Gold:

At Resource Clips, Greg Klein interviews GATA Board of Directors member and newsletter writer Ed Steer about monetary metals and commodity price suppression by major investment banks.

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