Daily Dispatches

China announces fifth straight month of growth in gold reserves

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China's Central Bank Stocks up on Gold as It Seeks to Diversify

By Henry Sanderson
Financial Times, London
Wednesday, May 8, 2019

China's central bank added gold to its reserves for the fifth month in a row in April, the latest emerging market central bank to stock up on the yellow metal.

Craig Hemke: Two inglorious anniversaries for gold and silver

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5:25p ET Tuesday, May 7, 2019

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing at Sprott Money, today recalls the anniversaries of the Bank of England's infamous gold sales of 1999 and what he calls the May Day Massacre of silver by JPMorganChase in 2011.

Ronan Manly: Churning membership curses London gold banking cartel

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12:50p ET Monday, May 6, 2019

Dear Friend of GATA and Gold:

Bullion Star's gold market analyst Ronan Manly today examines the churning membership of the London gold banking cartel, from which Societe Generale has just resigned.

Manly's commentary is headlined "Curse of the London Gold Fix Strikes Again as SocGen Abandons Ship" and it's posted at Bullion Star here:

If gold investors are puzzled, it's from a lack of financial journalism

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12:06p Monday, May 6, 2019

Dear Friend of GATA and Gold:

Gold investors, Kitco News market analyst Jim Wyckoff writes today, "are scratching their heads and wondering why their metal has not reacted more positively to unsettling developments on the geopolitical front":

Sentencing of former JPM metals trader delayed again

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Sentencing of former JP Morgan Chase Precious Metals Trader Delayed as Federal Probe Continues

By Dawn Giel
CNBC, New York
Thursday, May 2, 2019

The criminal sentencing of former J.P. Morgan Chase precious metals trader John Edmonds has been postponed six more months, to December, as federal investigators continue to probe possible manipulation of metals markets.

India's central bank denies moving gold abroad in 2014 or since

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No Gold Shifted Outside India in 2014 or After, RBI Says

From the Press Trust of India
via The Times of India, Mumbai
Friday, May 3, 2019

https://economictimes.indiatimes.com/news/economy/finance/no-gold-shifte...

Silver backwardation signals rally, Maguire tells KWN

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4:46p ET Friday, May 3, 2019

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire, interviewed today by King World News, says the cash price for silver is so far above the recent futures contract price -- deep backwardation -- that a rally is imminent.

Bron Suchecki: Silver manipulation can be unethical but legal

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10:17a ET Friday, May 3, 2019

Dear Friend of GATA and Gold:

Ted Butler: A voice from the grave?

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6p ET Thursday, May 2, 2019

Dear Friend of GATA and Gold:

Reflecting today on the career and death of former U.S. Commodity Futures Trading Commission member Bart Chilton, silver market analyst Ted Butler suggests that in his last days Chilton confirmed manipulation of the silver market by JPMorganChase to perform one last good deed for public service.

Former CFTC Commissioner Bart Chilton's obituary confirms cause of death

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10:42a ET Thursday, May 2, 2019

Dear Friend of GATA and Gold:

The obituary provided by the family of former U.S. Commodity Futures Trading Commission member Bart Chilton was posted today by the Arlington, Virginia, funeral home in charge of funeral arrangements, and it confirms that he died from "complications from pancreatic and related cancers."

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