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Daily Dispatches
Gold miner Northern Star buying Saracen for $4.1 billion
Submitted by cpowell on Mon, 2020-10-05 22:37 Section: Daily DispatchesFrom Reuters
Monday, October 5, 2020
Australian gold miner Northern Star Resources has offered to buy smaller peer Saracen Mineral Holdings in a A$5.76 billion ($4.14 billion) deal that will create a global top-10 gold miner by value.
In a joint statement, the boards of the companies recommended shareholders vote in favour of the proposal, in the absence of a superior offer.
Join GATA and great speakers Oct. 14-17 at the 'virtual' New Orleans conference
Submitted by cpowell on Mon, 2020-10-05 22:33 Section: Daily Dispatches10:35p ET Monday, October 5, 2020
Dear Friend of GATA and Gold:
As you may recall, this year's New Orleans Investment Conference, to be held Wednesday to Saturday, October 14 to 17, will be a "virtual" one, conducted entirely on the internet, so we'll miss the excitement of the great city.
Venezuela plans 100,000-bolivar bills worth just 23 U.S. cents
Submitted by cpowell on Mon, 2020-10-05 21:36 Section: Daily DispatchesThis wouldn't happen to the poor idiots if they just printed a world reserve currency.
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By Patricia Laya and Fabiola Zerpa
Bloomberg News
Monday, October 5, 2020
Venezuela has begun to import banknote paper and is mulling plans to print bills with larger denominations as hyperinflation causes shortages of cash, according to six people with knowledge of the matter.
Venezuela's Maduro wins round in billion-dollar gold dispute with Bank of England
Submitted by cpowell on Mon, 2020-10-05 21:01 Section: Daily DispatchesBy Vasco Cotovio and Isa Soares
CNN, New York
Monday, October 5, 2020
LONDON -- Venezuela's embattled President Nicolas Maduro won Monday the latest round of a legal battle over a billion dollars' worth of gold stored at the Bank of England, with a British appeals court saying it wants more information from the UK government before making a decision about who can take control of the assets.
With Morgan's scalp on the wall, is it time for CFTC enforcer to switch sides?
Submitted by cpowell on Sun, 2020-10-04 22:25 Section: Daily DispatchesTop Wall Street Derivatives Cop to Step Down
By Dave Michaels
The Wall Street Journal
Friday, October 2, 2020
WASHINGTON -- The chief enforcement watchdog of U.S. derivatives markets is stepping down as his agency wraps up some of its largest investigations.
Think Costco's gold bars are overpriced? At least you can carry them out of the store
Submitted by cpowell on Sun, 2020-10-04 19:14 Section: Daily DispatchesIt seems to be an easier purchase than at the LBMA or the Comex.
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Bulk-buy Retailer Costco Starts Selling Gold Worth Up to L24,500
By Dan Atkinson
Daily Mail, London
Saturday, October 3, 1010
It's not an item likely to be on the weekly shopping lists of many households -- but one supermarket giant has started selling gold bullion alongside its everyday groceries.
Gold remains cheap amid rising U.S. debt, bullion dealer Barisheff says
Submitted by cpowell on Sun, 2020-10-04 14:19 Section: Daily Dispatches2:21p ET Sunday, October 4, 2020
Dear Friend of GATA and Gold:
New Orleans conference is 'virtual' this month but still has GATA and top-notch speakers
Submitted by cpowell on Sun, 2020-10-04 14:13 Section: Daily Dispatches2:13p ET Sunday, October 4, 2020
Dear Friend of GATA and Gold:
As you may recall, this year's New Orleans Investment Conference, to be held Wednesday to Saturday, October 14 to 17, will be a "virtual" one, conducted entirely on the internet, so we'll miss the excitement of the great city.
Ronan Manly: The financial system reset aimed for this year, and epidemic may be the trigger
Submitted by cpowell on Sat, 2020-10-03 20:16 Section: Daily Dispatches8:15p ET Saturday, October 3, 2020
Dear Friend of GATA and Gold:
Bullion banks remain unable to escape gold futures shorts, GoldMoney's Macleod says
Submitted by cpowell on Sat, 2020-10-03 11:40 Section: Daily Dispatches11:40a ET Saturday, October 3, 2020
Dear Friend of GATA and Gold:
In comments to King World News, GoldMoney research director Alasdair Macleod says bullion banks remain unable to close their short positions in gold futures and may need to be bailed out. Macleod's comments are posted at KWN here:
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