Daily Dispatches

Monetary metals are defeating manipulation, mining entrepreneur Sprott says

Section:

5:10p ET Friday, October 9, 2020

Dear Friend of GATA and Gold:

Asia is buying gold again, Macleod tells KWN

Section:

11:26a ET Thursday, October 8, 2020

Dear Friend of GATA and Gold:

Asia is buying gold again, GoldMoney research director Alasdair Macleod tells King World News today, adding that Comex gold deliveries remain strong and that rescuing the U.S. economy will require trillions more in money creation. Macleod's comments are posted at KWN here:

Pam and Russ Martens: Citigroup fined $400 million for doing something so bad it must be kept secret

Section:

By Pam and Russ Martens
Wall Street on Parade
Thursday, October 8, 2020

Federal regulators are rapidly becoming bigger Dark Pools of information than those secretive stock exchanges run by the big banks on Wall Street.

Barrick CEO says gold industry still needs to consolidate

Section:

By Felix Njini and Steven Frank
Bloomberg News
Wednesday, October 7, 2020

Barrick Gold Corp.'s top executive says the gold industry needs more consolidation so it can increase exploration to boost depleting reserves, lure more generalist investors and improve efficiencies.

JPMorgan says real yields are negative for $31 trillion of bonds

Section:

By Anchalee Worrachate
Bloomberg News
Thursday, October 8, 2020

JPMorgan Chase & Co. says the stockpile of developed sovereign debt with a negative yields adjusted for inflation has doubled over the past two years to $31 trillion.

Ronan Manly: Why can't GLD's operator hold on to chief financial officers?

Section:

5:58p ET Wednesday, October 7, 2020

Dear Friend of GATA and Gold:

Bullion Star gold researcher Ronan Manly reports today that World Gold Trust Services, which runs the exchange-traded fund GLD, has gone through six chief financial officers in six years, having just lost another one. Manly invites us to wonder why.

Craig Hemke: 'Spoofing' convictions won't end gold and silver market rigging

Section:

11:50a ET Wednesday, October 7, 2020

Dear Friend of GATA and Gold:

Convicting bullion banks for "spoofing" the monetary metals markets won't end their market rigging, the TF Metals Report's Craig Hemke writes today at Sprott Money.

Join GATA in a week at the 'virtual' New Orleans Investment Conference

Section:

11:47a ET Wednesday, October 7, 2020

Dear Friend of GATA and Gold:

As you may recall, this year's New Orleans Investment Conference, to be held Wednesday to Saturday, October 14 to 17, will be a "virtual" one, conducted entirely on the internet, so we'll miss the excitement of the great city.

Central banks are selling gold, FT reports -- or want markets to think so

Section:

With its report below the Financial Times assumes today that all official central bank gold-reporting data is accurate and complete, that central banks have no secrets about the monetary metal, and that they don't sometimes stash it in accounts not reported to the International Monetary Fund or World Gold Council.

Dave Kranzler: The price of gold when the dollar index hits 70

Section:

1:47p ET Tuesday, October 6, 2020

Dear Friend of GATA and Gold:

While they are inversely correlated over the long term, gold and the U.S. dollar don't always behave consistently toward each other, Dave Kranzler of Investment Research Dynamics in Denver writes today. Indeed, Kranzler writes, since March gold has risen almost 32 percent while the dollar index has been largely unchanged.

Syndicate content