Daily Dispatches

Bitcoin could break the internet, central bank overseer warns

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By Edward Robison
Bloomberg News
Sunday, June 17, 2018

The Bank for International Settlements just told the cryptocurrency world it's not ready for prime time -- and as far as mainstream financial services go, may never be.

Ed Steer: 'Da boyz' drop the hammer on gold and silver

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9:58p ET Saturday, June 16, 2018

Dear Friend of GATA and Gold:

GATA board member Ed Steer's commentary for today in his Gold and Silver Daily letter, headlined "'Da Boyz' Drop the Hammer," covers Friday's smashing of gold and silver futures prices and is posted in the clear at GoldSeek here:

http://news.goldseek.com/GoldSeek/1529238120.php

CHRIS POWELL, Secretary/Treasurer

Do these hedge fund geniuses have even a clue that the gold market is rigged?

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Hedge Funds Pick the Wrong Time to Go Big on Gold as Prices Drop

By Luzi-Ann Javier
Bloomberg News
Friday, June 15, 2018

Hedge funds just mistimed their gold bets.

Russia sells half its U.S. Treasuries

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From Russia Today, Moscow
Saturday, June 16, 2018

Russia has held a major selloff of U.S. Treasury bonds, dumping some $47 billion worth of papers and momentarily dropping six places on a list of major foreign holders of U.S. securities, recently released statistics for April have shown.

Doug Casey says governments don't care about gold and GATA wears tinfoil hats

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9:22a ET Saturday, June 16, 2018

Dear Friend of GATA and Gold:

Bitcoin pushes ancient gold market to try digital

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By Stephanie Yang
The Wall Street Journal
Friday, June 15, 2018

Some makers and sellers of gold coins and bars are turning to blockchain, the digital ledger that underpins bitcoin, hoping to add some cryptocurrency luster to bullion trading.

World Gold Council to cut price on imaginary gold

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The World's Largest Gold Fund Is Getting a Cheaper Little Brother

By Rachel Evans
Bloomberg News
Wednesday, June 14, 2018

The price of gold is falling, at least for investors in exchange-traded funds.

Hugo Salinas Price: Is Trump's 'madness' aiming for a return to gold?

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9:18p ET Thursday, June 14, 2018

Dear Friend of GATA and Gold:

In attacking the mammoth trade deficit of the United States, Hugo Salinas Price of the Mexican Civic Association for Silver writes today, President Trump is attacking the dollar's function as the world reserve currency and foreshadowing the replacement of the dollar with gold.

Mike Kosares: Fed signals that it's arranging more inflation

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9:07p ET Thursday, June 14, 2018

Dear Friend of GATA and Gold:

The Federal Reserve, USAGold's Mike Kosares writes, signalled yesterday that it wants banks to lend money that has been deposited with the Fed as "excess reserves," thereby encouraging inflation. This, Kosares writes, well may be an upward turning point for the monetary metals.

Alasdair Macleod: Living dangerously

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11:51a ET Thursday, June 14, 2018

Dear Friend of GATA and Gold:

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