Daily Dispatches

Treasury secretary denies Trump is considering firing Fed chairman

Section:

By Jennifer Epstein, Erik Wasson, Billy House, and Elizabeth Dexheimer
Bloomberg News
Saturday, December 22, 2018

Treasury Secretary Steven Mnuchin issued an emphatic statement saying President Donald Trump denied he had suggested firing Federal Reserve Chairman Jerome Powell and declaring the president doesn't believe he has legal authority to dismiss the central bank chief.

Trump muses about firing Fed chairman, sources tell Bloomberg

Section:

By Jennifer Jacobs, Saleha Mohsin, and Margaret Talev
Bloomberg News
Friday, December 21, 2018

President Donald Trump has discussed firing Federal Reserve Chairman Jerome Powell as his frustration with the central bank chief intensified following this week's interest-rate hike and months of stock-market losses, according to four people familiar with the matter.

Indonesia gains majority ownership of giant Freeport mine

Section:

By Niniek Karmini
Associated Press
via Yahoo News
Friday, December 21, 2018

JAKARTA, Indonesia -- Indonesia finalized the transfer of majority control over a giant gold and copper mine from U.S. company Freeport-McMoRan, the government said today, in a long-awaited deal that boosts the president's re-election campaign.

New York Sun: Watch for 'In Money We Trust' on public broadcasting

Section:

From The New York Sun
Saturday, December 22, 2018

Barrick slashes jobs at head office; director Anthony Munk to resign

Section:

By Niall McGee
The Globe & Mail, Toronto
Friday, December 21, 2018

Barrick Gold Corp. is making deep cuts to its Toronto head office even before its acquisition of Randgold Resources Ltd. has closed -- and long-standing director Anthony Munk is stepping down from the board.

South Florida gold refiner caught with 'blood gold' files bankruptcy

Section:

As Feds Target 'Blood Gold' and Dirty Money, This Miami Refinery Has Bigger Problems

By Nicholas Nehamas, Jay Weaver, and Jim Wyss
Miami Herald
Friday, December 21, 2018

Support GATA by subscribing to The Calandra Report

Section:

11:34a ET Thursday, December 20, 2018

Dear Friend of GATA and Gold:

Our longtime friend the intrepid world-traveling market analyst Thom Calandra, publisher of The Calandra Report financial letter, is generously offering GATA supporters a deeply discounted one-year subscription offer in which half the price will be donated to GATA.

Craig Hemke at Sprott Money: The endless war on gold and silver

Section:

3:56p ET Wednesday, December 19, 2018

Dear Friend of GATA and Gold:

China's holdings of U.S. Treasuries fall to lowest since May 2017

Section:

By Andrew Mayeda and Katherine Greifeld
Bloomberg News
Monday, December 17, 2018

China's holdings of U.S. Treasuries fell to the lowest in a year and a half, as its foreign currency reserves declined and the yuan weakened near a key symbolic level.

The $7.9 trillion pile of negative-yielding debt is growing fast

Section:

By Ruth Carson and Chikako Mogi
Bloomberg News
Tuesday, December 18, 2018

For all the hand wringing over the end of ultra-loose monetary policy, the world just doesn't seem able to shake its addiction to negative-yielding debt.

Syndicate content