Daily Dispatches

Divers searching for 'extremely rare' gold coins in 1840 shipwreck off South Carolina

Section:

By Mark Price
Charlotte Observer, Charlotte, North Carolina
Sunday, October 28, 2018

Theres a mysterious spot about 20 miles off South Carolina where centuries-old gold coins have been found strewn across the ocean floor for decades.

It's believed to be the final resting place of the SS North Carolina, a steamship that historians say sank in 1840 under bizarre circumstances.

Resource-rich, brains-poor Zimbabwe just can't seem to smarten up

Section:

Zimbabwe Gold Producers Warn Currency Shortage Threatens Output

By Godfrey Marawanyika
Bloomberg News
Monday, October 29, 2018

Zimbabwean gold producers may suspend operations because a foreign-exchange shortage has left them with insufficient funds to cover production costs, the main industry lobby group said.

LBMA to reveal size of London's gold market on Nov. 20

Section:

By Peter Hobson
Reuters
Monday, October 29, 2018

BOSTON -- The London Bullion Market Association will begin publishing data on November 20 that will provide the most accurate picture yet of the size of London's gold trade, its chief executive said today.

A Bundesbank economist has a radical plan to halve Italy's debt

Section:

By Alessandro Speciale
Bloomberg News
Saturday, October 27, 2018

Italy's populist government doesn't need to ask for money from European partners to halve its debt -- it could tap the large private wealth of its citizens, Bundesbank economist Karsten Wendorff suggested.

Traders acquitted of FX rigging that banks admitted

Section:

British 'Cartel' Traders Acquitted of Rigging Currency Market

By Bob Van Voris, Lananh Nguyen, and Chris Dolmetsch
Bloomberg News
Friday, October 26, 2018

Three British traders were acquitted of using an online chatroom to fix prices in the $5.1 trillion-a-day foreign exchange market, a blow to global efforts to police the industry.

China and Japan sign three-year FX swap deal amid U.S. trade tension

Section:

By Tetsushi Kajimoto
Reuters
Friday, October 26, 2108

TOKYO -- Japan and China on Friday signed a currency swap arrangement of up to $30 billion -- the largest such bilateral deal concluded by Tokyo -- to strengthen financial stability and spur business activity in both countries, the Bank of Japan said. ...

China likely to slow yuan's slide to 7 per dollar, sources tell Reuters

Section:

By Kevin Yao
Reuters
Friday, October 26, 2018

BEIJING -- China is likely to use its vast currency reserves to stop any precipitous fall through the psychologically important level of 7 yuan per dollar as it could risk triggering speculation and heavy capital outflows, policy insiders said.

Treasury official points finger at Turkey over Venezuelan gold trade

Section:

By Lucas Robinson
Medill News Service
Wednesday, October 24, 2018

WASHINGTON -- The United States should publicize Turkey's involvement in the Venezuelan gold industry, a Treasury Department official said today.

Ted Butler: Why the frantic movement of silver at the Comex?

Section:

1:12p ET Thursday, October 25, 2018

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler today marvels at the frantic movement of huge amounts of silver among the vaults of the New York Commodity Exchange, and wonders why it is happening and why it gets no notice from other market analysts.

Sri Lanka calls for global coalition to tackle rising dollar

Section:

From Agence France-Presse
via Arab News, Riyadh, Saudi Arabia
Tuesday, October 23, 2018

COLOMBO, Sri Lanka -- Sri Lanka on Tuesday called for a "coalition of the willing" to help stabilize free-falling emerging market currencies around the globe, as the beleaguered rupee slumped to fresh lows.

Syndicate content