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Daily Dispatches
Who has been taking all that gold out of London, and why?
Submitted by cpowell on Sat, 2020-02-15 11:11 Section: Daily DispatchesThe Multibillion Mystery of the Great Gold Sale
By Ed Conway
The Times, London
Friday, February 14, 2020
https://www.thetimes.co.uk/article/multibillion-mystery-of-the-great-gol...
Every so often you encounter a chart that takes your breath away. This week I saw just such a graph and I'm still struggling to get my head round it.
To develop domestic market, Russia's central bank keeps peak discount on gold purchases
Submitted by cpowell on Fri, 2020-02-14 20:55 Section: Daily DispatchesBy Elena Fabrichnaya and Polina Devitt
Reuters
Friday, February 14, 2020
MOSCOW -- Russia's central bank has maintained the discount at which it buys gold for its reserves at December's peak level, it told Reuters today, potentially prompting more local producers and bankers to export the metal.
Ted Butler: Spotlight on the Justice Department and JPMorgan
Submitted by cpowell on Fri, 2020-02-14 20:42 Section: Daily Dispatches8:40p ET Friday, February 14, 2020
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler today speculates on the possible outcomes of the U.S. Justice Department's investigation of JPMorganChase's manipulation of the gold and silver markets, an investigation unfortunately limited so far to futures market "spoofing."
Make money and help GATA: Subscribe to The Calandra Report
Submitted by cpowell on Fri, 2020-02-14 13:00 Section: Daily Dispatches1p ET Friday, February 14, 2020
Dear Friend of GATA and Gold:
Gold surges to record high in euros
Submitted by cpowell on Fri, 2020-02-14 12:35 Section: Daily DispatchesFrom GoldCore.com, Dublin, Ireland
Friday, February 14, 2020
Gold prices surged to new record highs in euros today at E1,456 per ounce as the single currency came under selling pressure.
The record highs are due to safe haven demand due to a weaker euro as the German and eurozone economies slow and on concerns about the impact of a slowing global economy on risk assets.
Swiss central bank calls negative rates essential, but tell that to pension funds
Submitted by cpowell on Fri, 2020-02-14 12:30 Section: Daily DispatchesSNB Negative Rates Are Vital, Swiss Government Tells Politicians
By Catherine Bosley
Bloomberg News
Friday, February 14, 2020
The Swiss National Bank's negative interest rates are essential and a premature tightening would hurt the economy, according to the government.
Wall Street Journal: The war on Judy Shelton
Submitted by cpowell on Thu, 2020-02-13 13:01 Section: Daily DispatchesFrom The Wall Street Journal
Thursday, February 13, 2020
https://www.wsj.com/articles/the-war-on-judy-shelton-11581525292
John Kim: Morgan trader's spoofing case still could help liberate gold and silver markets
Submitted by cpowell on Thu, 2020-02-13 12:47 Section: Daily DispatchesWhat's most needed is serious prison time for a few bankers.
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By John Kim
Thursday, February 13, 2020
New book, 'Rigged,' credits GATA as it details currency market manipulation
Submitted by cpowell on Wed, 2020-02-12 12:59 Section: Daily Dispatches1p ET Wednesday, February 12, 2020
Dear Friend of GATA and Gold:
Our friend the veteran journalist, editor, and writer Stuart Englert has just published a book about the manipulation of the monetary metals markets -- "Rigged: Exposing the Largest Financial Fraud in History" -- in which he extensively credits GATA's work.
Jan Nieuwenhuijs: Reuters was wrong to claim China blocked gold imports last year
Submitted by cpowell on Wed, 2020-02-12 12:55 Section: Daily DispatchesBy Jan Nieuwenhuijs
Voima Gold, Helsinki, Finland
Wednesday, February 12, 2020
In August 2019 an article by Reuters stating that the Chinese central bank was firmly cutting off gold supply on the mainland caused a great stir in the gold community.