Daily Dispatches

U.N. willing to take Venezuelan gold from Bank of England for food, medical relief

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Venezuela Reaches Deal with U.N. to Buy Food, Medicine with Gold Held at Bank of England

By Deisy Buitrago
Reuters
Wednesday, May 27, 2020

CARACAS -- Venezuela has reached a deal with the U.N. Development Programme to direct part of its gold in Bank of England accounts toward the purchase of food and medicine during the coronavirus pandemic, its central bank governor said today.

Bloomberg says the Comex is stuck with too much gold

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New York Gold Traders Are Drowning in a Glut They Helped Create

By Justina Vasquez
Bloomberg News
Wednesday, May 27, 2020

The New York gold market has been flipped on its head in just a couple of months, with a scramble for the metal turning into a glut.

Help GATA by subscribing to the Deepcaster market letter

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9:39p ET Wednesday, May 28, 2020

Dear Friend of GATA and Gold:

The weekly Deepcaster letter of investment and geopolitical intelligence, whose market analysis long has publicized GATA's research, has a special offer for GATA and its supporters.

Scotiabank takes $168 million hit as it shuts historic gold unit

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By Jack Farchy
Bloomberg News
Tuesday, May 26, 2020

Bank of Nova Scotia has set aside C$232 million ($168 million) to cover the cost of winding down its historic precious metals unit as well as a potential settlement of U.S. investigations into the unit's trading activities.

Craig Hemke at Sprott Money: 'Real' interest rates weigh on Comex gold

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9:15p ET Tuesday, May 26, 2020

Dear Friend of GATA and Gold:

U.S. taps new tools to find fraud in volatile commodities market

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Why not just call the trading room of the Federal Reserve Bank of New York and the Treasury Department's Exchange Stabilization Fund?

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By Chris Prentice
Reuters
Thursday, May 21, 2020

U.S. imports record amount of gold from Switzerland as virus upends trade

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By Peter Hobson
Reuters
Tuesday, May 26, 2020

LONDON -- Swiss exports of gold to the United States leapt to 111.7 tonnes in April -- by far the biggest monthly total on record -- while shipments to other destinations dwindled, customs data showed today.

The global gold market has been turned on its head by the

Central banks are creating 'fake markets,' Bank of America strategists say

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One bank, one news organization. It's a start.

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By Elliot Smith
CNBC, New York
Friday, May 22, 2020

Stocks have become detached from reality due to recent interventions from central banks into the bond markets, according to analysts at Bank of America.

Help GATA by subscribing to the Deepcaster market letter

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8:19p ET Monday, May 25, 2020

Dear Friend of GATA and Gold:

The weekly Deepcaster letter of investment and geopolitical intelligence, whose market analysis long has publicized GATA's research, has a special offer for GATA and its supporters.

Cats and dogs living together! Kitco leads with gold market manipulation

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8:13p ET Monday, May 25, 2020

Dear Friend of GATA and Gold:

"Fire and brimstone coming down from the skies! Rivers and seas boiling! ... Forty years of darkness! Earthquakes, volcanoes! ... The dead rising from the grave! ... Human sacrifice, dogs and cats living together! ... Mass hysteria!"

Not even that evaluation from the movie "Ghostbusters" --

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