Daily Dispatches

Craig Hemke at Sprott Money: India vs. Comex silver

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7:58p ET Tuesday, July 17, 2018

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing at Sprott Money, reports tonight that in recent months India's demand for silver has been running at record levels. But Hemke adds that paper silver traded on the New York Commodities Exchange trades every two days more silver than the world produces in a year.

David Brady at Sprott Money: China robs Comex of control of gold price

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1:45p ET Friday, July 13, 2018

Dear Friend of GATA and Gold:

The close correlation of the gold price with the valuation of the Chinese yuan and the International Monetary Fund's Special Drawing Rights shows that China, not the New York Commodities Exchange, is now in control of the price of the monetary metal, money manager David Brady writes today at Sprott Money.

Former Barclays trader found guilty of rigging interest rate

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By Kirstin Ridley
Reuters
Thursday, July 12, 2018

LONDON -- A French former trader with Barclays, tried in his absence by a London court in an 11-week trial, has been convicted of helping to mastermind a five-year plot to rig global interest rates.

May's gold output in South Africa falls most since February 2017

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Ana Monteiro
Bloomberg News
Thursday, July 12, 2018

Gold output in South Africa, once the world's biggest producer of the metal, declined in May by the greatest amount since February 2017.

Most South African gold mines are unprofitable but owners, unions, government don't care why

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Minerals Council Says 75% of South Africa's Mines Are Unprofitable

By Allan Seccombe
Business Day, Johannesburg, South Africa
Wednesday, July 11, 2018

Three-quarters of South Africa's gold mines are unprofitable or barely making money, says the Minerals Council SA as the sector enters wage talks that some participants hope will reflect the realities bedevilling the sector.

Ed Steer: Dollar 'rally' appeared in nick of time Monday

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7:25p ET Tuesday, July 10, 2018

Dear Friend of GATA and Gold:

GATA board member Ed Steer's Gold and Silver Digest letter for Monday, headlined "A Dollar Index 'Rally' Appeared in the Nick of Time Monday," has been posted in the clear at GoldSeek here:

http://news.goldseek.com/GoldSeek/1531252782.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Craig Hemke at Sprott Money: Has China taken control of the gold market?

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7:10p ET Tuesday, July 10, 2018

Dear Friend of GATA and Gold:

Sound Money Index of states for 2018 announced

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By JP Cortez
Money Metals News Service
Monday, July 9, 2018

Utah, Texas, and Wyoming round out the top three most sound money-friendly states in the United States according to the 2018 Sound Money Index, released today by the Sound Money Defense League and Money Metals Exchange.

European banks obstructing gold withdrawals, London metals trader Maguire tells KWN

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1:37p ET Friday, July 6, 2018

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire tells King World News today that Swiss and German banks increasingly are refusing to return gold to depositors, apparently as an extension of government regulations limiting cash withdrawals.

Alasdair Macleod: Inflation rearing its ugly head

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5:58p ET Thursday, July 5, 2018

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod today reviews the deceit of government inflation data, which always tries to conceal increases in prices.

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