Daily Dispatches

London metals trader Maguire and GATA consultant Organ discuss collapse of fractional-reserve gold banking system

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10:41p Tuesday, July 7, 2020

Dear Friend of GATA and Gold:

The imminent collapse of the fractional-reserve gold banking system is the primary topic of a discussion between London metals trader and Kinesis Money founder Andrew Maguire and GATA consultant Harvey Organ, a student of the gold and silver markets for 50 years.

They review:

Alasdair Macleod: A potential crisis in Comex gold

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8:30p Tuesday, July 7, 2020

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod writes tonight that it seems increasingly difficult for bullion banks to cover their short positions in gold futures in New York.

Craig Hemke at Sprott Money: Sinking real rates drive gold higher

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7:58p Tuesday, July 7, 2020

Dear Friend of GATA and Gold:

Gold's rising price closely correlates with the trend toward negative real interest rates, the TF Metals Report's Craig Hemke explains today in commentary at Sprott Money.

USAGold's July letter: Gold has had a very good year and it's only half over

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11:46a Tuesday, July 7, 2020

Dear Friend of GATA and Gold:

USAGold's July newsletter, written by proprietor Mike Kosares, notes gold's unusual strength during what are supposed to be its summer doldrums. The newsletter also reports the growing belief in gold's prospects among major investment banks. "Gold," Kosares writes, "has had a very good year and it's only half over."

BMG's Nick Barisheff plans for gold business without Scotiabank

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12:23p ET Monday, July 6, 2020

Dear Friend of GATA and Gold:

Frenzy of deals by China's state gold miners may stall on regulatory hurdles from Canada, Australia

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By Jeff Lewis and Melanie Burton
The Globe and Mail, Toronto
Monday, July 6, 2020

Growing scrutiny by mineral-rich Australia and Canada may cut short a deal frenzy led by China's state miners and limit Beijing's role in gold-sector consolidation, bankers and analysts said.

Gold miners glitter as spot price nears 9-year high

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By Neil Hume
Financial Times, London
Monday, July 6, 2020

Gold miners' share prices are soaring with the value of the precious metal, while increased dividends are helping push these stocks higher still.

Ronan Manly: Comex gold supplies weren't 'healthy' as claimed

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10:50a ET Monday, July 6, 2020

Dear Friend of GATA and Gold:

Three months ago amid chaos in the gold market, Bullion Star researcher Ronan Manly recalls today, the London Bullion Market Association and CME Group, operator of the New York Commodities Exchange, declared that gold supplies in New York were "healthy."

They weren't.

Interviews with GATA's Bill Murphy, bullion dealer Andy Schectman, and market analyst Michael Oliver

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11:15a ET Sunday, July 5, 2020

Dear Friend of GATA and Gold:

Two interviews of interest today.

At Arcadia Economics, Chris Marcus talks about the prospects for the monetary metals with GATA Chairman Bill Murphy and Andy Schectman of the Miles Franklin bullion shop. The interview is 33 minutes long and can be heard at You Tube here:

https://www.youtube.com/watch?v=wQuVaeqQtU4

Profit in mining shares and help GATA -- subscribe to The Calandra Report

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9:23a ET Saturday, July 4, 2020

Dear Friend of GATA and Gold:

With gold and silver straining to break higher and their mining shares already starting to fly, our friend Thom Calandra's financial letter is an ever-more compelling read, and Thom is renewing his generous offer to GATA and to GATA supporters who subscribe.

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