Daily Dispatches

Great as gold is, you still can't take it with you

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'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

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By 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

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From 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

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By 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

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By 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

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10:17p 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

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9:55p 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

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6:34p 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.

Gold mine gangs tote AK-47s to outgun South African police

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By Felix Njini
Bloomberg News
Sunday, February 2, 2020

At 10 p.m. on the second Sunday in December, a criminal platoon armed with AK-47 and R6 assault rifles stormed one of the largest gold mines still operating on South Africa's fabled Witwatersrand basin.

Warren raises 'significant concerns' in letter to Trump's Fed pick Shelton

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By Ann Saphir
Reuters
Friday, January 31, 2020

SAN FRANCISCO -- U.S. Sen. Elizabeth Warren today released a letter she sent to economist Judy Shelton, one of President Donald Trump's two planned nominees for seats on the Federal Reserve, raising "significant concerns" and posing a series of questions about her views.

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