Daily Dispatches

Chaos in gold markets ripples to other precious metals

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"Chaos" here seems to mean the conversion of trading paper to trading real metal.

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By Justina Vasquez
Bloomberg News
Friday, July 3, 2020

Alasdair Macleod: Prices are going to rise, and fast

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, July 2, 2020

New York Sun: Cutting dollar from gold sparked pernicious changes

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12:19p ET Friday, July 3, 2020

Dear Friend of GATA and Gold:

In its editorial yesterday, the New York Sun elaborated on the premise asserted Wednesday by Voima Gold researcher Jan Nieuwenhuijs --

http://gata.org/node/20252

-- that the U.S. dollar's separation from gold in 1971, birthing the age of infinite money, unleashed pernicious changes for the United States.

Ya' think? Dalio says there are no markets anymore, just interventions

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'Capital Markets Are Not Free': Billionaire Investor Ray Dalio Says the Fed Is Boosting Asset Prices, Valuation Metrics Don't Apply, and the U.S. dollar Is at Risk

By Theron Mohamed
Business Insider, New York
Friday, July 3, 2020

Billionaire investor Ray Dalio warned Thursday in a Bloomberg interview --

Dollar's dominance to slowly melt away over coming year, Reuters poll finds

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By Rahul Karunakar
Reuters
Wednesday, July 1, 2020

The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.

Make money in mining shares and help GATA by subscribing to The Calandra Report

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9:11p ET Thursday, July 2, 2020

Dear Friend of GATA and Gold:

With gold and silver straining to break higher and their mining shares already starting to fly, our friend Thom Calandra's financial letter is an ever-more compelling read, and Thom is renewing his generous offer to GATA and to GATA supporters who subscribe.

Court says Bank of England can't return Venezuelan gold to Maduro

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UK Court Blocks Maduro's Bid to Access $1 Billion in Venezuelan Gold

By Isa Soares and Vasco Cotovio
CNN, Atlanta
Thursday, July 2, 2020

Venezuela's embattled ruler Nicolás Maduro has been denied access to roughly $1 billion in gold reserves held by the Bank of England after a UK court ruled that the British government has recognized Juan Guaidó as president.

At KWN, Von Greyerz's charts indicate breakouts for gold and silver

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9:55p ET Wednesday, July 1, 2020

Dear Friend of GATA and Gold:

Canadian tax authorities recover C$82 million from Kitco in fraud case

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This news report, translated from the original French, is 2 years old but seems to have escaped notice outside Quebec.

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Revenu Quebec Concludes a Secret Agreement with a Gold Merchant

From The Journal of Montreal
Wednesday, April 25, 2018

https://www.journaldemontreal.com/2018/04/25/revenu-quebec-conclut-un-ac...

China's Kingold Jewelry secures $2.8 billion in loans with gilded copper bars

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What's the big deal here? Being at least copper, those bars are more real than the paper gold that has flooded the world.

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Kingold Jewelry Secures $2.8 billion in Loans with Gilded Copper Bars

By Peggy Sito
South China Morning Post, Hong Kong
Tuesday, June 30, 3030

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