Daily Dispatches

Gold deposit in Uttar Pradesh has five times the metal in India's gold reserve

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From The Times of India, Mumbai
Saturday, February 22, 2020

The Geological Survey of India has discovered gold deposits estimated to be around 3,000 tonnes and worth Rs 12 lakh crore in Sonbhadra district of Uttar Pradesh, almost five times India's current reserve of the yellow metal.

The gold deposits were found in the Son Pahadi and Hardi areas.

Pam and Russ Martens: There was a flash crash in the stock market yesterday

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By Pam and Russ Martens
Wall Street on Parade
Friday, February 21, 2020

At 10:52 a.m. yesterday, the Dow Jones Industrial Average, which was trading at a level of 29,348, began a bungee-style plunge. By 11:32 a.m. the market landed with a thud at a level of 29,013.

The renewed London Gold Pool is collapsing, Turk tells KWN

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11:29a ET Friday, February 21, 2020

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, interviewed today by King World News, attributes the rally in the monetary metals to the imminent collapse of the current reiteration of the London Gold Pool from the 1960s.

Support our campaign for a free gold market by purchasing GATA-label wine

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2:10p ET Thursday, February 20, 2020

Dear Friend of GATA and Gold:

Wine carrying the label of the Gold Anti-Trust Action Committee are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

Alasdair Macleod: Will the coronavirus lead to a gold standard?

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By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, February 20, 2020

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

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5:08p ET Wednesday, February 19, 2020

Dear Friend of GATA and Gold:

All gold dips quickly bought lately, GATA chairman says, but silver is most undervalued asset

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5p ET Wednesday, February 19, 2020

Dear Friend of GATA and Gold:

In an interview with Wealth Research Group, GATA Chairman Bill Murphy notes that all dips in the gold price in recent months have been quickly bought, indicating tightness in supply. But, Murphy adds, the world's most undervalued asset is silver. The interview is 21 minutes long and can be viewed at YouTube here:

Craig Hemke at Sprott Money: Waiting on Comex silver

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11:08a ET Wednesday, February 19, 2020

Dear Friend of GATA and Gold:

Silver and the shares of monetary metals mining companies have been lagging gold, the TF Metal Report's Craig Hemke writes today at Sprott Money, but he gives reasons why that may change soon. His analysis is headlined "Waiting on Comex Silver" and it's posted at Sprott Money here:

Jan Nieuwenhuijs: UK gold export spike is probably just data anomaly

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10:52a ET Wednesday, February 19, 2020

Dear Friend of GATA and Gold:

Last Friday's report in The Times of London about a huge spike in British gold exports in November and December --

http://www.gata.org/node/19848

-- was probably a "meaningless anomaly" in trade data compiled by the United Kingdom's Office of National Statistics, Voima Gold researcher Jan Nieuwenhuijs writes today.

John Kim: What do crashing emerging-market currencies say about gold and silver?

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11:40a ET Tuesday, February 18, 2020

Dear Friend of GATA and Gold:

Central banks in both developing and developed countries are steadily and openly devaluing their currencies now, market analyst John Kim writes, thereby making the case for gold and silver -- at least for people who have heard of the monetary metals and are paying attention.

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