Daily Dispatches

Why do regulators ignore market rigging? Because government does it and it's legal

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11:12a ET Friday, July 12, 2019

Dear Friend of GATA and Gold:

James Grant: The Fed could use a golden rule

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By James Grant
The Wall Street Journal
Friday, July 12, 2019

https://www.wsj.com/articles/the-fed-could-use-a-golden-rule-11562885485

Though money can't talk, people can't stop talking about it. With the nomination of Judy Shelton to the Federal Reserve Board, the discussion has tilted to gold.

Alasdair Macleod: A whale is accumulating silver futures, probably China acting through JPM

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3:09p ET Thursday, July 11, 2019

Dear Friend of GATA and Gold:

Pam and Russ Martens: Is there a stealth financial crisis? Alarms are ringing

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By Pam and Russ Martens
Wall Street on Parade
Thursday, July 11, 2019

Shhh! Don't wake the Wall Street bank regulators from their decade-long slumber to whisper in their ear that the same critical signs they ignored in 2007 and early 2008 are rearing their ugly heads again.

London's gold market is more liquid than bonds, LBMA says

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But of course, since it's infinite paper.

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By Peter Hobson
Reuters
Thursday, July 11, 2019

LONDON -- London's gold market is much more liquid than government or corporate bonds, the London Bullion Market Association said today, presenting new figures it said meant gold should not be subject to tough new liquidity rules.

Dave Kranzler: Fed chairman fails the gold standard test

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11:24a ET Thursday, July 11, 2019

Dear Friend of GATA and Gold:

Judy Shelton: We need a reliable measure of value -- across borders and through time

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Gee -- What does that sound like?

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Forget 'Hawks" and 'Doves.' We Need a Level Monetary Playing Field

By Judy Shelton
The Washington Post
Thursday, July 11, 2019

https://www.washingtonpost.com/opinions/forget-hawks-and-doves-at-the-fe...

Central banker with too much gold wants Treasuries instead

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By Evgenia Pismennaya and Anna Andrianova
Bloomberg News
Thursday, July 11, 2019

With trade wars and sluggish growth making goldbugs of central bankers around the world, one country wants to buck the trend.

Negative bond yields spill into Europe's emerging markets

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By Tommy Stubbington
Financial Times, London
Thursday, July 11, 2019

In the bizarro world of global debt, even bonds from Europe's emerging markets are spewing out negative yields.

Member of Parliament urges investigation of gold-market manipulation in UK

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12:49a ET Thursday, July 11, 2019

Dear Friend of GATA and Gold:

Citing a confession to gold market manipulation in the United States, a member of Parliament this week urged the British government to investigate possible manipulation of the gold market in London.

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