Daily Dispatches

You can distinguish conspiracy theories from conspiracy facts, if you really want to and try

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2:57p ET Wednesday, February 26, 2020

Dear Friend of GATA and Gold:

A grudgingly approving reference to GATA comes today from the investment research chief of currency trading house BDSwiss, Marshall Gittler, whose essay at FXStreet is headlined "Another 'Risk-Off' day, But with Another Fall in Gold":

Gold-backed ETFs have never seen inflows like this

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By Ranjeetha Pakiam
Bloomberg News
Wednesday, February 26, 2020

Global investors are stashing more and more assets into gold as the coronavirus outbreak spreads and appetite for risk takes a hit.

Craig Hemke at Sprott Money: U.S. real rates are already negative and will get more so, boosting gold

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9:06p ET Tuesday, February 24, 2020

Dear Friend of GATA and Gold:

Writing at Sprott Money, the TF Metals Report's Craig Hemke asserts tonight that the whole U.S. Treasury yield curve already offers a negative return in inflation-adjusted interest rates, even as more rate cuts are almost surely coming. This, Hemke writes, will push more safe-haven money toward gold in all its forms.

Ontario teachers pension fund strikes innovative cash-for-gold deal

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By Aoyon Ashraf and Paula Sambo
Bloomberg News
Tuesday, February 24, 2020

New Gold Inc. surged after forming an unusual partnership with Ontario Teachers Pension Plan that gives the miner $300 million in exchange for selling a portion of the free cash flow from its flagship operation.

Pam and Russ Martens: Wall Street banks, insurers sell off, dangerously linked by derivative trades

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By Pam and Russ Martens
Wall Street on Parade
Tuesday, February 26, 2020

JPMorgan eyes plan to tap Fed's discount window to break stigma

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Does this sound like an economy or financial system that's in great shape?

* * *

By Christopher Condon and Shahien Nasiripour
Bloomberg News
Tuesday, February 25, 2020

Who smashed gold this afternoon? Let's 'round up the usual suspects'

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7:52p ET Monday, February 24, 2020

Dear Friend of GATA and Gold:

Somebody seems to have dumped a lot of gold derivatives on the market this afternoon, and Zero Hedge estimates it at $3 billion worth and attributes it to the Bank for International Settlements:

https://www.zerohedge.com/commodities/gold-suddenly-hammered-multi-billi...

Dave Kranzler: Gold is signaling a financial system disaster

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By Dave Kranzler
Investment Research Dynamics, Denver
Monday, February 24, 2020

Gold is signaling that a financial system disaster will hit.

Dan Oliver: The money to push gold past $10,000 has already been issued

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8:35p ET Sunday, February 24, 2020

Dear Friend of GATA and Gold:

Gold will reach and pass $10,000 per ounce because the money that will drive the price there has already been issued, Myrmikan Capital founder and managing member Dan Oliver writes in a fascinating study of gold backing for central bank balance sheets through history.

Subscribe to The Calandra Report, make money with mining shares, and support GATA

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11:30a ET Sunday, February 23, 2020

Dear Friend of GATA and Gold:

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