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Daily Dispatches
Pam and Russ Martens: JPMorgan is under a fourth criminal probe following three convictions
Submitted by cpowell on Thu, 2020-02-06 12:28 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, February 6, 2020
Craig Hemke at Sprott Money: How will pro-gold and silver fund managers invest?
Submitted by cpowell on Wed, 2020-02-05 12:40 Section: Daily Dispatches12:40p ET Wednesday, February 5, 2020
Dear Friend of GATA and Gold:
Fund managers who say they see great prospects for the monetary metals, the TF Metals Report's Craig Hemke writes at Sprott Money today, could fulfill their prophecies simply by purchasing real metal instead of empty derivatives. There isn't enough real metal to absorb major investment interest, Hemke writes.
Great as gold is, you still can't take it with you
Submitted by cpowell on Wed, 2020-02-05 12:08 Section: Daily Dispatches'I Felt Like a Pirate in a Grotto': Gold Coins Found in Hoarder's Cottage Fetch L80,000
By Steven Morris
The Guardian, London
Wednesday, February 5, 2020
John Rolfe had no expectations of finding anything valuable when he arrived at a ramshackle two-up, two-down cottage tucked away in a remote West Country valley.
Barrick Gold chief hits fund managers over new-found social focus
Submitted by cpowell on Wed, 2020-02-05 11:57 Section: Daily DispatchesBy Neil Hume
Financial Times, London
Wednesday, February 5, 2020
https://www.ft.com/content/51c3cfe4-473f-11ea-aeb3-955839e06441
CAPE TOWN, South Africa -- Mark Bristow, the tough-talking boss of Barrick Gold, has lashed out at the fund management industry and its new-found focus on social and ethical investing.
JPMorgan's role in metals spoofing said to be under criminal probe
Submitted by cpowell on Wed, 2020-02-05 11:24 Section: Daily DispatchesFrom Bloomberg Law, New York
Wednesday, February 5, 2020
U.S. authorities that accused six JPMorgan Chase & Co. employees of rigging precious-metals futures are building a criminal case against the bank itself, two people familiar with the situation said.
Venezuelan banks begin storing dollars and euros amid Maduro's liberalization, sources tell Reuters
Submitted by cpowell on Tue, 2020-02-04 13:31 Section: Daily DispatchesBy Corina Pons and Mayela Armas
Reuters
Tuesday, February 4, 2020
CARACAS, Venezuela -- At least half a dozen Venezuelan banks have begun storing in vaults millions of dollars and euros accumulated in cash by businesses during an unexpected economic liberalization by President Nicolas Maduro, according to sources.
U.S. finalizes rule to slap duties on countries that undervalue currencies
Submitted by cpowell on Mon, 2020-02-03 22:26 Section: Daily DispatchesBy Andrea Shalal
Reuters
Monday, February 3, 2020
WASHINGTON -- The U.S. Commerce Department today finalized a new rule to impose anti-subsidy duties on products from countries that it has determined undervalue their currencies against the dollar, including potentially China.
New book, 'Rigged,' credits GATA as it explains currency market manipulation
Submitted by cpowell on Mon, 2020-02-03 22:16 Section: Daily Dispatches10:17p ET Monday, February 3, 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.
These days Yamashita's gold is just a futures contract for hallucination
Submitted by cpowell on Mon, 2020-02-03 21:39 Section: Daily Dispatches9:55p ET Monday, February 3, 2020
Dear Friend of GATA and Gold:
Another story was published today about the fabled gold supposedly looted by Japanese forces throughout Asia during World War II and hidden in the Philippines at the direction of Japanese Gen. Tomoyuki Yamashita as Japan began to be beaten by the United States and its allies.
Ted Butler: Another position limits farce from the CFTC
Submitted by cpowell on Mon, 2020-02-03 18:33 Section: Daily Dispatches6:34p ET Monday, February 3, 2020
Dear Friend of GATA and Gold:
The futures market position limits just adopted by the U.S. Commodity Futures Trading Commission are useless and will do nothing to curb market manipulation, silver market analyst and rigging whistleblower Ted Butler writes today.
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