Daily Dispatches

Mike Kosares: In Bankrate survey, 1 in 6 choose gold for 10-year investment


By Michael Kosares
USAGold.com, Centennial, Colorado
Monday, July 25, 2016

One in six investors chose gold as the best place to park money they wouldn't need for more than 10 years -- the same number that chose stocks, according to a recent Bankrate survey. Another 6 percent chose bonds, while 25 percent chose real estate and 23 percent said they would simply bank the money.

Rising prices fail to induce Indians to sell their gold


Gold May Have Rallied High, But Indians Unwilling to Profit From It

By Sutanuka Ghosal
The Times of India, Mumbai
Monday, July 25, 2016


China mines gold uneconomically because it plans to boost the price, Leeb says


11:07a Sunday, July 24, 2016

Dear Friend of GATA and Gold:

Fund manager Stephen Leeb tells King World News that China is mining much low-grade gold uneconomically and he figures it's because the Chinese government aims to drive the gold price way up. An excerpt from Leeb's interview is posted at KWN here:

The magic charts of technical analysis can't penetrate central bank trading rooms


4:42p ET Thursday, July 21, 2016

Dear Friend of GATA and Gold:

With his commentary written yesterday, "Damn Manipulators," posted today at GoldSeek and Gold-Eagle --



-- was Elliott Wave Trader's Avi Gilburt sneering about GATA?

Alasdair Macleod: The real message from asset inflation is currency collapse


By Alasdair Macleod
GoldMoney.com, St. Helier, Jersey, Channel Islands
Thursday, July 21, 2016

The earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies.

TF Metals Report: A timeline for the next rally in gold


12:46p ET Thursday, July 21, 2016

Dear Friend of GATA and Gold:

Patterns of futures market manipulation, the TF Metals Report's Turd Ferguson writes today, suggest a resumption of gold's upward trends in another week or two. Ferguson's commentary is headlined "A Timeline for the Next Rally in Gold" and it's posted at the TF Metals Report here:

Analyze THIS (technically): We don't need back-door nationalization by central banks


Central Banks Must Realise the Last Thing We Need Is Nationalisation by the Back Door

By Matthew W. Lynn
The Telegraph, London
Wednesday, July 20, 2016


U.S. charges HSBC official in FX rigging probe


By Tom Schoenberg and Patricia Hurtado
Bloomberg News
Wednesday, July 20, 2016

Federal agents surprised an HSBC Holdings executive as he prepared to fly out of New York's Kennedy airport late Tuesday, arresting him for an alleged front-running scheme involving a $3.5 billion currency transaction, according to three people familiar with the matter.

Bank of England considers cutting commercial banks out of the payments system


The Central Bankers' Bold New Idea: Print Bitcoins

By Jon Sindreu
The Wall Street Journal
Tuesday, July 19, 2016

When it comes to bitcoin and digital currencies, central banks might be considering the adage: "If you can’t beat them, join them."

Franklin Sanders interviews 'JPMadoff' author Helen Davis Chaitman


8:46a ET Wednesday, July 20, 2016

Dear Friend of GATA and Gold:

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