Silver deeply in backwardation and on verge of breakout, Turk tells KWN

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8:47p ET Monday, February 26, 2018

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk, interviewed today by King World News, says silver is deeply in backwardation and seems to be on the verge of breaking up and out against the longstanding price suppression. The interview is posted at KWN here:

https://kingworldnews.com/james-turk-war-raging-silver-market/

Manipulation keeping markets from doing what they ordinarily would, Sprott says

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9:31a ET Monday, February 26, 2018

Dear Friend of GATA and Gold:

Russia overtakes China in gold reserves race to end U.S. dollar dominance

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From Russia Today, Moscow
Monday, February 26, 2018

The Central Bank of Russia boosted its holdings of gold by almost 20 metric tons last month, with reserves reaching 1,857 tons. It has increased its holdings every month since March 2015.

Australia's top gold miner boosts bets on Ecuador's riches

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By David Stringer
Bloomberg News
Sunday, February 25, 2018

Australia's largest gold producer, Newcrest Mining Ltd., will invest $250 million for a stake in Lundin Gold Inc. to boost its presence in Ecuador, which is attracting a slate of mining giants hunting for major untapped metals deposits.

With rates low, Fed officials fret over next recession

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By Jonathan Spicer and Ann Saphir
Reuters
Saturday, February 24, 2018

Federal Reserve policymakers are fretting that they could face the next U.S. recession with an arsenal of policies little different from that used in the last downturn but robbed of much of their punch because interest rates are still low.

Volatility funds face fresh scrutiny from U.S. regulators

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By Benjamin Bain and Matt Robinson
Bloomberg News
Friday, February 23, 2018

U.S. regulators are scrutinizing this month's implosion of investments that track stock-market turmoil, including whether wrongdoing contributed to steep losses for VIX exchange-traded products offered by Credit Suisse Group AG and other firms, several people familiar with the matter said.

Treasury secretary urges markets to shrug off worries over tax cuts, debt

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By Saleha Mohsin
Bloomberg News
Thursday, February 22, 2018

Treasury Secretary Steven Mnuchin brushed aside signs that investors are nervous about rising prices and criticism that growing debt will harm U.S. economic security, declaring that President Donald Trump’s policies won't cause inflation.

Isn't it bad enough that Harvard already runs the United States?

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Xi Confidant Emerges as Front Runner to Head
China's Central Bank, Sources Tell Reuters

By Xiaowen Bi, Benjamin Kang Lim, an dKevin Yao
Reuters
Friday, February 23, 2018

China is letting the yuan crush the dollar, and Trump is just one reason

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By Huileng Tan
CNBC, New York
Friday, February 23, 2018

The Chinese yuan has appreciated 10 percent against the dollar since the start of 2017, quelling some criticism that the export giant has been deliberately suppressing its currency to gain economic advantage over its trading partners.

This is all going according to China's plan, experts say.

GoldSeek Radio interviews GATA Chairman Murphy

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10a ET Friday, February 23, 2018

Dear Friend of GATA and Gold:

Interviewed this week by GoldSeek Radio's Chris Waltzek, GATA Chairman Bill Murphy discusses the dichotomy of rising prices for all assets except gold and silver, another hint of price suppression. The interview is 13 minutes long and can be heard at GoldSeek Radio here:

http://radio.goldseek.com/nuggets/murphy.02.21.18.mp3