Daily Dispatches

Putin says he wants to break with the dollar but dumps euros instead

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By Anna Andrianova
Bloomberg News
Thursday, May 10, 2018

Squeezed by ever-expanding U.S. sanctions, Vladimir Putin says he wants to dump the dollar. His central bank has been doing just the opposite.

Iran's gold demand set to spurt before Trump sanctions bite

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By Claudia Carpenter
Bloomberg News
Wednesday, May 9, 2018

Iran's gold demand will probably be "strong" for the next few months and then gradually decline as U.S. sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd.

Dollar-plagued world now has another currency to worry about

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By Sid Verma
Bloomberg News
Thursday, May 10, 2018

Winds of change in currency markets threaten to blow global investment trends further off course -- but from the East as much as the West.

Robert Lambourne: BIS gold derivatives down in March, back up in April

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By Robert Lambourne
Tuesday, May 8, 2018

The Bank for International Settlements has just published, on the same day, its monthly statement of account for March 2018 as well as its monthly statement for April 2018:

https://www.bis.org/banking/balsheet/statofacc180331.pdf

https://www.bis.org/banking/balsheet/statofacc180430.pdf

'World of Warcraft' currency is now worth 7 times more than Venezuela's cash

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By Chris Morris
Fortune Magazine, New York
Monday, May 7, 2018

http://fortune.com/2018/05/07/world-of-warcraft-currency-bolivar-venezue...

Venezuela's real-world currency, the bolivar, long ago fell below the value of the fake gold in Azeroth, the mythical setting of World of Warcraft (WoW). What's remarkable is how much more valuable that virtual currency has become.

Nigeria, China sign $2.4 billion currency swap to lift trade

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By Paul Wallace and David Malingha Doya
Bloomberg News
Thursday, May 3, 2018

Nigeria and China agreed on a currency swap worth $2.4 billion to boost commercial ties and reduce the need to use the dollar in bilateral trade.

GATA's Ed Steer to speak at Vancouver conference May 15-16

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10:34a ET Friday, May 4, 2018

Dear Friend of GATA and Gold:

GATA Board of Directors member Ed Steer, editor of Ed Steer's Gold and Silver Digest, a daily letter of financial news and analysis (https://edsteergoldsilver.com/), will speak at Cambridge House's International Mining Investment Conference in Vancouver, British Columbia, on Tuesday and Wednesday, May 15-16.

The BIS press office may be the new Maytag repairman

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9:54a ET Friday, May 4, 2018

Dear Friend of GATA and Gold:

GATA consultant Robert Lambourne, our expert on the Bank for International Settlements, noted this week that the BIS is late in posting its monthly statement of account for March, which typically contains obscure data about the bank's largely surreptitious interventions in the gold market on behalf of its client central banks.

GATA Chairman Murphy, mining entrepreneur Neumeyer interviewed on manipulation

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7:51p ET Thursday, May 3, 2018

Dear Friend of GATA and Gold:

South African gold miners settle lung-disease lawsuit

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By Felix Njini
Bloomberg News
Thursday, May 3, 2018

Mining companies including Anglo-American Plc agreed to settle a class-action lawsuit from workers who said they contracted deadly lung diseases in South African gold mines.

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