Daily Dispatches

Pam and Russ Martens: New York Fed will keep bailout details secret this time

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5:10p ET Tuesday, March 31, 2020

Dear Friend of GATA and Gold:

The Federal Reserve Bank of New York, Pam and Russ Martens of Wall Street on Parade report today, is structuring its latest financial bailout so recipients of government largesse may never been revealed even as taxpayers will be liable for losses.

Craig Hemke at Sprott Money: The CME opens Pandora's box

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5p ET Tuesday, March 31, 2020

Dear Friend of GATA and Gold:

Big deliveries of gold suddenly are being sought on the New York Commodities Exchange, the TF Metals Report's Craig Hemke writes today at Sprott Money, adding that it's questionable that the exchange can fulfill its obligations as gold demand soars and mines, refineries, and mints close under the pressure of the virus epidemic.

First Majestic's Keith Neumeyer: Miners should stop supplying the Comex

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1:26p ET Tuesday, March 31, 2020

Dear Friend of GATA and Gold:

Dave Kranzler: The Comex has defaulted on gold

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1:05p ET Tuesday, March 31, 2020

Dear Friend of GATA and Gold:

Elaborating on Bullion Star analyst Ronan Manly's report today on the use by the New York Commodities Exchange of futures contracts that offer 400-ounce gold bars when there are none in the Comex system --

http://gata.org/node/20010

Ronan Manly: Comex can't find a 400-ounce gold bar for its new 400-ounce futures contract

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12:21p ET Tuesday, March 31, 2020

Dear Friend of GATA and Gold:

Fed will 'temporarily' monetize foreign-held U.S. Treasuries

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Fed Sets Up Scheme to Meet Booming Foreign Demand for Dollars

By James Politi, Brendan Greeley, and Colby Smith
Financial Times, London
Tuesday, March 31, 2020

Employee of U.S. Mint at West Point has virus, prompting temporary shutdown

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From Silver Doctors / SD Bullion
Ottawa Lake, Michigan
Monday, March 30, 2020

A police officer at the U.S. Mint at West Point, New York, has tested positive for Covid-19 and now the mint has temporarily shut down.

In an email forwarded to us today, we can confirm that the mint is temporarily being shut down.

... Dispatch continues below ...


Russia will stop purchases of domestic gold

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By Yuliya Fedorinova and Elena Mazneva
Bloomberg News
Monday, March 30, 2020

Russia's central bank, the world's biggest bullion buyer, will stop domestic gold purchases starting next month.

The central bank didn't explain the move, saying only that future decisions will depend on the state of financial markets, according to a statement released today.

You mean there was never any gold at the Comex?

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Coronavirus Sparks a Global Gold Rush

By Liz Hoffman, Amrith Ramkumar, and Joe Wallace
The Wall Street Journal
Friday, March 27, 2020

It's an honest-to-God doomsday scenario and the ultimate doomsday-prepper market is a mess.

Miners are back, so follow them with The Calandra Report and help GATA

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1:30p ET Saturday, March 29, 2020

Dear Friend of GATA and Gold:

Now that the monetary metals industry is suddenly back in business after a couple of weeks in which the metals were smashed in the futures markets to prepare the way for distribution of infinite money, financial letter writer Thom Calandra is renewing his generous offer to GATA supporters.

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