Daily Dispatches

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.

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.

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