Daily Dispatches

Stefan Gleason: Gold ETF holdings surge, but do they actually hold gold?

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By Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Tuesday, December 10, 2019

Gold-linked exchange-traded products are growing in popularity with investors. Assets held by gold ETFs have grown 38 percent globally in 2019.

Cases of fine American wine await three GATA supporters -- maybe you?

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But you must reply by December 31.

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10p ET Tuesday, December 10, 2019

Dear Friend of GATA and Gold:

Can the chance of winning a great prize induce you to support a great cause?

Two thoughtful friends of GATA -- one a leading bullion U.S. dealer, the other a well-regarded U.S. winery -- have joined forces to bring our supporters a juicy year-end offer:

Craig Hemke at Sprott Money: An early look at gold in 2020

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9:50p ET Tuesday, December 10, 2019

Dear Friend of GATA and Gold:

Looking toward the new year, the TF Metals Report's Craig Hemke, writing at Sprott Money, foresees much more debt issuance amid a contracting economy, causing central banks to increase their asset purchases and debt monetization. This, Hemke says, will be good for gold prices.

Load up on debt now, since it all may be written off soon

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A 5,000-Year-Old Plan to Erase Debts Is Now a Hot Topic in America

By Ben Holland
Bloomberg News
Tuesday, December 10, 2019

In ancient Babylon, a newly enthroned king would declare a jubilee, wiping out the population’s debts. In modern America, a faint echo of that idea -- call it jubilee-lite -- is catching on.

Pam and Russ Martens: NYTimes ignores new Wall Street bailout

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By Pam and Russ Martens
Wall Street on Parade
Tuesday, December 20, 2019

Claudio Grass: Negative rates destroy the value of time, and civilization is next

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2:40p ET Tuesday, December 10, 2019

Dear Friend of GATA and Gold:

Negative interest rates, Swiss monetary metals analyst Claudio Grass writes profoundly today, destroy more than money. They also destroy the value of time itself and presage the destruction of Western civilization.

Will there be a bid for Detour Gold to rival Kirkland Lake's?

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Kirkland Lake CEO Sees No Need to Raise Detour Gold Bid After Stock Tops Purchase Price

By Gabriel Friedman
National Post, Toronto
Tuesday, December 10, 2019

GATA board member Steer's Gold & Silver Digest letter posted at GoldSeek

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9:50p ET Monday, December 9, 2019

Dear Friend of GATA and Gold:

GATA board member Ed Steer's Gold & Silver Digest letter for Saturday, headlined "'Da Boyz' Appear at 8:30 a.m. in New York," has been posted in the clear at GoldSeek here:

http://news.goldseek.com/GoldSeek/1575922454.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org


Pam and Russ Martens: BIS bombshell -- 4 U.S. banks are at heart of repo loan crisis

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By Pam and Russ Martens
Wall Street on Parade
Monday, December 9, 2019

Volcker, Fed chairman who admitted gold price suppression, dies at 92

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Former Fed Chief Paul Volcker, Inflation Slayer, Dies at 92

By Daniel Trotta and Jonathan Spicer
Reuters
Monday, December 9, 2019

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