Daily Dispatches

BNY Mellon steps in to support money market fund after outflows

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By Richard Henderson and Robert Armstrong
Financial Times, London
Friday, March 21, 2020

BNY Mellon stepped in to support one of its money market funds amid sharp outflows from parts of the sector this week, buying $1.2 billion of the fund's assets so it had cash to help cover redemptions.

Royal Canadian Mint suspends production for two weeks amid virus concerns

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By Marie Lemay, President and CEO
Royal Canadian Mint, Ottawa
Friday, March 2020

https://www.mint.ca/store/mint/customer-service/faq-1100010?lang=en_CA&rcmiid=tf|tb|covid19

Steve St. Angelo: Big premiums, delayed delivery for real silver

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4:48p ET Friday, March 20, 2020

Dear Friend of GATA and Gold:

Sprott's John Hathaway: Point of no return

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By John Hathaway
Sprott Inc., Toronto
Wednesday, March 18, 2020

Gold and precious metals mining shares are casualties of panic selling across all financial markets. The scenario is similar to what happened in 2008 during the global financial crisis.

Gold selloff fails to dent investor enthusiasm

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By Henry Sanderson
Financial Times, London
Friday, March 20, 2020

Gold's lacklustre performance this week appeared to diminish the metal's "safe haven" status, as it declined for the second week in a row amid a global stock market selloff due to coronavirus.

Swiss gold exports plunge in February as shipments to China collapse

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By Peter Hobson
Reuters
Thursday, March 19, 2020

LONDON -- Swiss exports of gold fell to the lowest since at least 2012 in February as shipments to top consumer China all but halted, customs data showed today.

The plunge in trade came as China fought to contain an outbreak of coronavirus by shutting down the movement of people and goods. The virus has since spread worldwide.

Dollar rampage spurs FX interventions, speculation of big G7 move

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By Karin Strohecker and Sujata Rao
Reuters
Thursday, March 19, 2020

LONDON -- From Brazil to Norway, policymakers are leaping to defend currencies against the onslaught of the dollar, which scaled three-year peaks today, raising speculation that a joint move by the world's biggest central banks may be in the offing.

SD Bullion's James Anderson: At Ebay's coin market, gold-silver ratio is only 76-1

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3p ET Thursday, March 19, 2020

Dear Friend of GATA and Gold:

Alasdair Macleod: Payments panic and the end of fiat currencies

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2:34p ET Thursday, March 19, 2020

Dear Friend of GATA and Gold:

Though it seems impossible to keep track of the virtually infinite money pouring out of electronic pipelines all around the world, GoldMoney research director Alasdair Macleod today published a magnificent synthesis of what is happening and what it is likely to produce: the collapse of the financial system it is meant to save.

Astounding gold-silver ratio discussed by GATA chairman with Arcadia Economics

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8:58p ET Wednesday, March 18, 2020

Dear Friend of GATA and Gold:

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