Daily Dispatches

Ronan Manly: Comex can't find a 400-ounce gold bar for its new 400-ounce futures contract

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12:21p ET Tuesday, March 31, 2020

Dear Friend of GATA and Gold:

Fed will 'temporarily' monetize foreign-held U.S. Treasuries

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Fed Sets Up Scheme to Meet Booming Foreign Demand for Dollars

By James Politi, Brendan Greeley, and Colby Smith
Financial Times, London
Tuesday, March 31, 2020

Employee of U.S. Mint at West Point has virus, prompting temporary shutdown

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From Silver Doctors / SD Bullion
Ottawa Lake, Michigan
Monday, March 30, 2020

A police officer at the U.S. Mint at West Point, New York, has tested positive for Covid-19 and now the mint has temporarily shut down.

In an email forwarded to us today, we can confirm that the mint is temporarily being shut down.

... Dispatch continues below ...


Russia will stop purchases of domestic gold

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By Yuliya Fedorinova and Elena Mazneva
Bloomberg News
Monday, March 30, 2020

Russia's central bank, the world's biggest bullion buyer, will stop domestic gold purchases starting next month.

The central bank didn't explain the move, saying only that future decisions will depend on the state of financial markets, according to a statement released today.

You mean there was never any gold at the Comex?

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Coronavirus Sparks a Global Gold Rush

By Liz Hoffman, Amrith Ramkumar, and Joe Wallace
The Wall Street Journal
Friday, March 27, 2020

It's an honest-to-God doomsday scenario and the ultimate doomsday-prepper market is a mess.

Miners are back, so follow them with The Calandra Report and help GATA

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1:30p ET Saturday, March 29, 2020

Dear Friend of GATA and Gold:

Now that the monetary metals industry is suddenly back in business after a couple of weeks in which the metals were smashed in the futures markets to prepare the way for distribution of infinite money, financial letter writer Thom Calandra is renewing his generous offer to GATA supporters.

Coronavirus pushes London banks to consider additional gold storage sites

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By Peter Hobson
Reuters
Friday, March 27, 2020

LONDON -- The five banks that clear gold trades in the London market are considering expanding their network of storage locations to other countries if it becomes impossible to fly enough gold in and out of London, two sources involved in the discussions say.

John Kim: Comex issues and stops reports expose Comex physical gold supply problems

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By John Kim
Friday, March 28, 2020

Right now, the latest Comex issues and stops reports expose Comex physical gold supply problems. Though I have written about the various reasons why physical gold supply problems manifest many times in the past, this topic still remains one rarely discussed by financial journalists, and never discussed by the mass financial media.

The wild hunt for 100-ounce gold bars

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By Joe Deaux and Yvonne Yue Li
Bloomberg News
Saturday, March 28, 2020

https://www.bloomberg.com/news/articles/2020-03-28/when-a-hot-gold-trade...

There are few corners of the global financial market that have been upended as spectacularly, or as oddly, by the coronavirus pandemic as gold trading.

Gold traders are paid not to redeem Comex EFPs, London sources say

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12:08p ET Friday, March 27, 2020

Dear Friend of GATA and Gold:

What the heck are those mysterious "exchange for physicals," the mechanisms by which contracts to buy gold on the New York Commodities Exchange are neither fulfilled by delivery on the Comex nor settled for cash there but transported for supposed delivery elsewhere?

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