TF Metals Report reflects on six years following the monetary metals

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12:34p ET Friday, November 11, 2016

Dear Friend of GATA and Gold:

The TF Metals Report's Turd Ferguson today reflects on his six years of following the monetary metals markets and provides some technical analysis, if you believe in that sort of thing. His commentary is headlined "Happy Brithday, TFMR" and it's posted here:

http://www.tfmetalsreport.com/blog/7980/happy-birthday-tfmr

Trump believed considering former Goldman exec for Treasury secretary

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On a General Election

The accursed power which stands on Privilege
(And goes with Women, and Champagne, and Bridge)
Broke -- and Democracy resumed her reign
(Which goes with Bridge, and Women, and Champagne).

-- Hilaire Belloc, 1923.

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Trump Staff Line Up for White House Jobs

By Eli Stokols
Politico.com, Arlington, Virginia

Meet the new boss -- same as the old boss

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Trump Team Contacted JPMorgan's Dimon for Treasury Role

By Dan Freed
Reuters
Thursday, November 10, 2016

A senior person on President-elect Donald Trump's transition team contacted JPMorgan Chase & Co. Chief Executive Jamie Dimon to see if he would be interested in being U.S. Treasury secretary, a person familiar with the matter said today.

Late-night buying parked huge amounts of rupees in gold

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By Bella Jaisinghani
The Times of India, Mumbai
Thursday, November 10, 2016

MUMBAI -- The first refuge of all those who wish to put their ill-gotten gains to good use remains gold, and this was proved once more on Tuesday. Jewellery stores in certain localities remained open beyond midnight, allowing large cash transactions.

India's bank note ban to disrupt gold-smuggling business

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A thousand-rupee note is worth less than US$15. What makes the Indian government think that smugglers won't easily switch to US$20 bills?

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By Rajendra Jadhav
Reuters
Thursday, November 10, 2016

Torgny Persson explains fraud of bullion banking and its defense of fiat money system

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10:56a ET Thursday, November 10, 2016

Dear Friend of GATA and Gold:

The big scandal isn't government's market rigging but news media's ignoring it

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1:29p ET Wednesday, November 9, 2016

Dear Friend of GATA and Gold:

As Donald Trump's election as president of the United States became apparent last night, Dow futures collapsed as much as 800 points and gold rose more than $50. But by this afternoon the Dow was up about 1 percent and gold had fallen back to a gain of barely a dollar.

What calmed things down so much?

Canadian mint employee guilty of smuggling $138,000 of gold in rectum

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From the Canadian Broadcasting Co., Toronto
Wednesday, November 9, 2016

OTTAWA, Ontario, Canada -- A former Royal Canadian Mint employee has been found guilty of smuggling more than $100,000 worth of gold from the building on Sussex Drive -- apparently in his rectum, an Ottawa judge ruled this morning.

What will Trump's election mean for the monetary metals?

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3a ET Wednesday, November 9, 2016

Dear Friend of GATA and Gold:

Indian currency revocation seen pushing many into gold

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From the Press Trust of India
via The Times of India, Mumbai
Tuesday, November 8, 2016

NEW DELHI -- The jewellery industry today welcomed the government's decision to ban old 500- and 1,000-rupee notes, saying gold demand will rise as people will have more faith in the precious metal than the currency notes.