Daily Dispatches

Bullion Star's gold market charts suggest demand remains strong

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8:50p ET Monday, May 21, 2018

Dear Friend of GATA and Gold:

Bullion Star's latest gold market charts suggest that despite gold's recent decline in U.S. dollars, gold demand remains strong in China, Russia, and Switzerland. Bullion Star's report is headlined "Gold Market Charts -- May 2018" and it's posted here:

J.S. Kim: Gold promotions impede exposure of manipulation

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2:20p ET Monday, May 21, 2018

Dear Friend of GATA and Gold:

Promotions for gold and silver that scream that prices are going to explode imminently are hurting efforts to tell the world the truth about the monetary metals and especially about the manipulation of their markets by central banks, J.S. Kim of Smart Knowledge U writes today.

Forget about oil at $80, because the big rally is in forward prices

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By Catherine Ngai, Alex Longley, and Javier Blas
Bloomberg News
Monday, May 21, 2018

Brent crude oil grabbed all the attention after spot prices hit $80 a barrel last week. And yet, almost unnoticed, a perhaps more important rally has occurred in the obscure world of forward prices, with some investors betting the "lower for longer" price mantra is all but over.

Eswar Prasad: America, beware -- Dollar supremacy is not forever

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By Eswar Prasad
Financial Times, London
Sunday, May 20, 2018

https://www.ft.com/content/3d4d1190-5931-11e8-806a-808d194ffb75

Gold frequently disappoints Jim Grant, but does he understand why?

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10:46a ET Saturday, May 19, 2018

Dear Friend of GATA and Gold:

Reihan Salam: The downside of the dollar's reserve-currency status

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By Reihan Salam
National Review, New York
Thursday, May 17, 2018

https://www.nationalreview.com/corner/dollar-reserve-currency-status-dow...

Ambrose Evans-Pritchard: Italy's insurgents enrage Germany and risk ECB payment freeze

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By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, May 17, 2018

https://www.telegraph.co.uk/business/2018/05/17/italys-insurgents-enrage...

Italy's insurgent parties want debt forgiveness and exit from EU

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5-Star, League Want ECB to Forgive 250 Billion Euros of Italy Debt: Draft

By Gavin Jones
Reuters
Tuesday, May 15, 2018

ROME -- The anti-establishment 5-Star Movement and far-right League plan to ask the European Central Bank to forgive 250 billion euros ($296 billion) of Italian debt, according to a draft of a coalition program the parties are working on.

Who cares about 'peak gold' until there's 'peak paper'?

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'We're Right at Peak Gold': All Major Deposits Have Been Discovered, Declares Goldcorp Chairman

By Gabriel Friedman
National Post, Toronto
Wednesday, May 16, 2018

As currency crisis worsens, Iranians invest in gold

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From Radio Farda, Washington
(Radio Free Europe / Radio Liberty)
Wednesday, May 16, 2018

Iranians are reportedly investing in gold after the Central Bank of Iran last week issued strict limits on the amount of foreign currency travelers can take out of the country amid a deepening currency crisis.

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