Daily Dispatches

Zero Hedge: Gold drops to key support after $2 billion purge

Section:

From Zero Hedge
Monday, November 20, 2017

After surging above its 50-day moving-average on Friday, it appears someone is keen for that key technical level not to hold as they dumped almost $2 billion notional in seconds this morning, testing down to the 50-day moving average.

Fifteen thousand contracts dumped in under two minutes. ... But for now the 50-day moving average is holding. ...

These doomsday preppers are starting to switch from gold to bitcoin

Section:

By Eddie VanDer Walt
Bloomberg News
Monday, November 20, 2017

Wendy McElroy is ready for most doomsday scenarios: a one-year supply of nonperishable food is stacked in a cellar at her farm in rural Ontario. Her blueprint for survival also depends upon working internet: part of her money, assuming she needs some after civilization collapses, is in bitcoin.

Gold-based debit card Glintpay gets started

Section:

Glint App Brings Gold into the Digital Age

By Emma Dunkley
Financial Times, London
Sunday, November 19, 2017

The world's oldest currency is being brought into the digital age with the launch of a debit card and app that will allow people to pay for goods in gold.

Monetary metals holding up well despite raids, Sprott says

Section:

11:23a ET Sunday, November 19, 2017

Dear Friend of GATA and Gold:

Zero Hedge invites Financial Times to heed GATA's urging on gold suppression

Section:

12:56p ET Saturday, September 18, 2017

Dear Friend of GATA and Gold:

Last night Zero Hedge called attention to Friday's column by Gillian Tett of the Financial Times, to which GATA also had called attention --

http://www.gata.org/node/17808

GATA's Ed Steer interviewed by Mike Gleason of Money Metals Exchange

Section:

9:45a ET Saturday, November 18, 2017

Dear Friend of GATA and Gold:

Interviewed by Mike Gleason of Money Metals Exchange this week, GATA board member Ed Steer discussed the suppression of monetary metals prices by central banks and investment banks.

Steer, publisher of Ed Steer's Gold and Silver Digest letter --

https://www.edsteergoldandsilver.com/

Jim Rickards: Gold is rising despite threat of higher interest rates

Section:

9:12a ET Friday, November 17, 2017

Dear Friend of GATA and Gold:

Fund manager and author Jim Rickards writes this week that gold's trend has reversed upward, the price making higher highs and higher lows despite the threat of rising interest rates, and the trend will be supported by physical shortages.

Gillian Tett: Prepare to bet against bitcoin as it becomes civilized

Section:

By Gillian Tett
Financial Times, London
Friday, November 17, 2017

In recent years, bitcoin has been the wild west of the financial world. Now, however, it is being civilised -- a touch.

In the coming weeks, the Chicago Mercantile Exchange plans to start listing bitcoin futures, with a centralised clearing mechanism.

Bitcoin is the new crisis currency

Section:

By Rob Urban
Bloomberg News
Friday, November 17, 2017

About a third of the customers queuing at La Maison du Bitcoin's teller windows in Paris aren't speculating on the value of the cryptocurrency. They're sending digital money home to Africa.

Craig Hemke: Comparing digital metals

Section:

3:35p Thursday, November 17, 2017

Dear Friend of GATA and Gold:

Writing for Sprott Money, the TF Metals Report's Craig Hemke marvels at how the volume of Comex silver futures contracts overwhelms the world's annual silver production, a disproportion unmatched by futures in other metals.

Hemke's commentary is headlined "Comparing Digital Metals" and it's posted at Sprott Money here:

Syndicate content