Daily Dispatches

Robert Kientz: Commodity markets look like a complete con game

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9:57p ET Sunday, September 20, 2020

Dear Friend of GATA and Gold:

Robert Kientz, proprietor of GoldSilverPros.com, last week gave a detailed, sober, pointed, and highly effective interview to Tom Bodrovics of Palisade Radio about the obfuscation the New York Commodities Exchange does about its gold and silver futures markets.

Canada's Wheaton Precious Metals plans London listing

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By Henry Sanderson and Neil Hume
Financial Times, London
Sunday, September 20, 2020

Canada’s Wheaton Precious Metals, one of the largest companies involved in buying gold and silver, is planning to list on the London Stock Exchange as it looks to tap pent-up demand for precious metals from investors.

With gold rallying, mining CEOs say environmental, social, governance scrutiny intensifies

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By Steven Frank, Yvonne Yue Li, and Felix Njini
Bloomberg News
Sunday, September 20, 2020

Skyrocketing gold is providing a welcome windfall to the mining industry, but it's also attracting a broader base of investors who are demanding greater attention to environmental, social, and governance topics.

Barrick Gold accepts Chilean court's closure ruling on Pascua-Lama project

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By Shruti Sonal
Reuters
Friday, September 18, 2020

Barrick Gold Corp. said today it would not appeal a Chilean court's ruling to uphold the closure order on the Chilean portion of its Pascua-Lama project imposed by the country's environmental regulator and the sanctions on its unit.

Ronan Manly: Deutsche trader charged with market rigging was director of London gold and silver fixings

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8:15p ET Friday, September 18, 2020

Dear Friend of GATA and Gold:

Bullion Star's indispensable Ronan Manly reminds us tonight that the corruption of the gold and silver markets long has been comprehensive, even if mainstream financial news organizations and market "analysts" do their damnedest to conceal it.

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Sprott explains why he bought a big chunk of First Majestic Silver

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3:26p ET Friday, September 18, 2020

Dear Friend of GATA and Gold:

Mining entrepreneur Eric Sprott, in his weekly interview with the TF Metals Report's Craig Hemke for Sprott Money, explains why he has purchased a big chuck of First Majestic Silver.

Acting as Fed's agent, Morgan is buying all silver to save Comex, Maguire says

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2:10p ET Friday, September 18, 2020

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire today tells the TF Metals Report's Craig Hemke that the silver inventory of the exchange-traded silver fund SLV must be questioned because so many bars are being quickly credited to it even as the physical market is so tight that no one else can get metal without long delays.

Chile court orders 'total and definitive' closure of Barrick's Pascua-Lama project

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By Cecilia Jamasmie
Mining.com, Vancouver, B.C., Canada
Friday, September 18, 2020

Chile's environmental court has put the final nail in the coffin for Barrick Gold's giant Pascua-Lama gold-silver project, straddling the border with Argentina, which had been on hold since 2013 over environmental concerns.

Flood of gold from Switzerland to U.S. stopped in August

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By Peter Hobson
Reuters
Thursday, September 17, 2020

https://www.reuters.com/article/us-swiss-trade-gold-idUSKBN2681TZ

LONDON -- Swiss exports of gold to the United States all but halted in August while shipments to China and India rose, customs data showed today, suggesting a big transfer of bullion to New York that followed the coronavirus outbreak has run its course.

Ex-JPMorgan trader sentenced to prison for currency rigging; CEO Jamie Dimon remains free

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By Jonathan Stempel
Reuters
Thursday, September 17, 2020

NEW YORK -- A former JPMorgan Chase & Co. foreign exchange trader was sentenced today to eight months in prison, following his November 2019 conviction for conspiring with traders at other banks to rig currency trades.

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