Daily Dispatches

Early response is weak to compulsory gold hallmarking in India

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By Sutanuka Ghosal
The Times of India, Mumbai
Monday, February 17, 2020

The initial response to compulsory hallmarking of gold jewellery and artefacts from January 15, 2021, has been lukewarm in the unorganised gold trade. Industry insiders said lack of awareness about the law was one of the reasons for this.

Britain's UK's Royal Mint launches its first gold-backed listed product

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From Capital.com, London
Monday, February 17, 2020

https://capital.com/royal-mint-launches-its-first-gold-backed-listed-pro...

Britain's Royal Mint will list its first gold-backed exchange-traded product this week, as the price of bullion trades around its highest in seven years.

The 1,100-year-old mint will list the product on the London Stock Exchange.

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

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11:36p ET Sunday, February 16, 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:

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11:32p ET Sunday, February 16, 2020

Dear Friend of GATA and Gold:

John Tamny: Confirm Judy Shelton, for she'll arrest obtuse groupthink at the Fed

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By John Tamny
Real Clear Markets, Chicago
Monday, February 17, 2020

Who has been taking all that gold out of London, and why?

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The Multibillion Mystery of the Great Gold Sale

By Ed Conway
The Times, London
Friday, February 14, 2020

https://www.thetimes.co.uk/article/multibillion-mystery-of-the-great-gol...

Every so often you encounter a chart that takes your breath away. This week I saw just such a graph and I'm still struggling to get my head round it.

To develop domestic market, Russia's central bank keeps peak discount on gold purchases

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By Elena Fabrichnaya and Polina Devitt
Reuters
Friday, February 14, 2020

MOSCOW -- Russia's central bank has maintained the discount at which it buys gold for its reserves at December's peak level, it told Reuters today, potentially prompting more local producers and bankers to export the metal.

Ted Butler: Spotlight on the Justice Department and JPMorgan

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8:40p ET Friday, February 14, 2020

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler today speculates on the possible outcomes of the U.S. Justice Department's investigation of JPMorganChase's manipulation of the gold and silver markets, an investigation unfortunately limited so far to futures market "spoofing."

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1p ET Friday, February 14, 2020

Dear Friend of GATA and Gold:

Gold surges to record high in euros

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From GoldCore.com, Dublin, Ireland
Friday, February 14, 2020

Gold prices surged to new record highs in euros today at E1,456 per ounce as the single currency came under selling pressure.

The record highs are due to safe haven demand due to a weaker euro as the German and eurozone economies slow and on concerns about the impact of a slowing global economy on risk assets.

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