Daily Dispatches

Alasdair Macleod: Gold -- a reasonable correction?

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, June 2, 2016

Gold weakened during May by about $100, from a high point of $1300 to a low of $1,200.

This, for technical analysts, is entirely within the normal correction zone of a third to two-thirds of the previous rise, which would be 84 to 167 points.

Ted Butler: Hidden in full view

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1:32p ET Thursday, June 2, 2016

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler today details his belief that JPMorganChase has cornered the silver market by rigging futures prices low while acquiring real metal in anticipation of running the price up. Butler's commentary is headlined "Hidden in Full View" and it's posted at GoldSeek's companion site, SilverSeek, here:

Auto, housing debt worsens as petrodollar fades, Embry tells KWN

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6:25p ET Wednesday, June 1, 2016

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry tells King World News today that auto loan debt in the United States has gotten junkier than mortgage debt, which is pretty junky itself, while the U.S. dollar is losing support from the oil trade. An excerpt from the interview is posted at KWN here:

Mike Kosares: Global mints report record silver coin sales for 2015

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By Michael Kosares
USAGold.com, Centennial, Colorado
Wednesday, June 1, 2016

GoldSeek Radio interviews GATA Chairman Bill Murphy

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1:15p ET Wednesday, June 1, 2016

Dear Friend of GATA and Gold:

GoldSeek Radio's Chris Waltzek today interviews GATA Chairman Bill Murphy about the changing dynamics of gold and silver trading. The interview is 11 minutes long and can be head at GoldSeek here:

http://radio.goldseek.com/nuggets/murphy.05.31.16.mp3

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Barrick settles investor suit over Pascua-Lama mine for $140 million

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By Nate Raymond
Reuters
Tuesday, May 31, 2016

NEW YORK -- Barrick Gold Corp. has agreed to pay $140 million to resolve a U.S. lawsuit accusing the gold producer of concealing problems at a South American mine and of fraudulently inflating the company's market value, according to court papers.

Brandon White: Investing is about being moral as well as right

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By Brandon White
Tuesday, May 31, 2016

"Trader Dan" Norcini, to whose May 24 commentary --

https://traderdan.com/?p=11693

-- GATA Secretary/Treasurer Chris Powell replied Monday --

http://www.gata.org/node/16482

-- is mistaken. Investing isn't just about being "right." It is also about being moral.

New York Sun: Libertarians without gold

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From the New York Sun
Monday, May 30, 2016

Maybe they're quaint, but some people do invest as 'some sort of movement'

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11:51a ET Monday, May 30, 2016

Dear Friend of GATA and Gold:

"Trading and investing," market analyst Dan Norcini wrote the other day --

https://traderdan.com/?p=11693

China fixes yuan at more than five-year low against dollar

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By Gregor Stuart Hunter
The Wall Street Journal
Monday, May 30, 2016

China's central bank set the daily yuan fixing at its weakest level against the dollar in more than five years on Monday, after hawkish comments from Federal Reserve Chairwoman Janet Yellen boosted the strength of the U.S. currency.

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