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Daily Dispatches
How obliging of South Africa's miners, unions, and government not to care about gold price suppression
Submitted by cpowell on Sun, 2018-12-09 21:06 Section: Daily DispatchesThey'll deserve what they get, but the rest of the country won't.
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South African Gold Industry Enters Final Phase of Slow Death
By Felix Njini
Bloomberg News
Sunday, December 9, 2018
Ronan Manly: French central bank and JP Morgan team up to boost gold lending
Submitted by cpowell on Sun, 2018-12-09 16:56 Section: Daily Dispatches5:04p ET Sunday, December 9, 2018
Dear Friend of GATA and Gold:
Bullion Star gold analyst Ronan Manly today examines the Banque de France's (relatively) new partnership with JPMorganChase in gold swapping and lending -- that is, the gold market-rigging business -- noting connections with other central banks and the strict secrecy in which their gold business is conducted.
India and United Arab Emirates to stop using U.S. dollars in trade
Submitted by cpowell on Sun, 2018-12-09 10:46 Section: Daily DispatchesIndia, UAE Sign Currency Swap Deal to Boost Trade Ties
By Fareed Rahman
From Gulf News, Dubai, United Arab Emirates
Tuesday, December 4, 2018
ABU DHABI, United Arab Emirates -- India and the UAE today signed a currency swap agreement to boost trade and investment ties between the two countries.
Detour Gold's battle with billionaire down to the wire -- and both sides may claim victory
Submitted by cpowell on Sat, 2018-12-08 13:43 Section: Daily DispatchesBy Gabriel Friedman
National Post, Toronto
Friday, December 7, 2018
U.S. hedge fund billionaire John Paulson’s battle to oust the entire board of directors at Toronto-based Detour Gold Corp. and replace them with his own hand-picked group officially ends when final ballots are counted on Tuesday, but he may already claim some victory.
And perhaps Detour will too.
BIS gold swaps fall in November but bank continues secret trading
Submitted by cpowell on Sat, 2018-12-08 09:28 Section: Daily DispatchesBy Robert Lambourne
Saturday, December 8, 2018
November saw a continuation of significant trading in gold swaps by the Bank for International Settlements.
After falling in August and September, the BIS' purchases of gold via gold swaps soared in October, falling back by around 64 tonnes in November.
London metals trader told CFTC, Justice about JPM's market rigging 7 years ago
Submitted by cpowell on Fri, 2018-12-07 13:18 Section: Daily Dispatches1:20p ET Friday, December 7, 2018
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, interviewed today by King World News, says he alerted the U.S. Commodity Futures Trading Commission and Justice Department seven years ago to the gold and silver market rigging done by a JPMorganChase trader who recently confessed in a plea bargain with the Justice Department.
Ireland's central bank says its gold transactions are too 'sensitive' to disclose
Submitted by cpowell on Fri, 2018-12-07 10:25 Section: Daily DispatchesThanks to GoldCore's Mark O'Byrne for publicizing this.
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Central Bank silent over plans for Irish gold in UK
By John Mulligan
Irish Independent, Dublin
Friday, December 7, 2018
NYSE accused of letting Morgan Stanley make after-hours trades
Submitted by cpowell on Fri, 2018-12-07 10:09 Section: Daily DispatchesBy Kevin Dugan
New York Post
Thursday, December 6, 2018
At the New York Stock Exchange, some traders are more equal than others.
That's the bitter takeaway from stockbrokers, who say the Big Board, in an unusual move last week, gave special treatment to a broker at Morgan Stanley who asked to trade large blocks of stocks for several minutes after the markets closed.
Central banks fear they might not rule the world forever
Submitted by cpowell on Fri, 2018-12-07 09:44 Section: Daily DispatchesAll Around the World, Central Bank Independence Is Under Threat
Anirban Nag, Rene Vollgraaff, and Walter Brandimarte
Bloomberg News
Thursday, December 6, 2018
South Africa's top monetary policy maker spoke for his peers around the world last week when he declared that threats to central-bank independence from politicians are no longer just an "emerging-market phenomenon."
Maduro says Russia will invest billions in Venezuela's oil and gold production
Submitted by cpowell on Fri, 2018-12-07 09:22 Section: Daily DispatchesRussia May Be Handing Vanezuela a $6 Billion Lifeline
By Jim Wyss
Miami Herald
Thursday, December 6, 2018
BOGOTA, Colombia -- As Washington tries to build an economic wall around Venezuela, President Nicolás Maduro keeps digging tunnels.