Daily Dispatches

Ted Butler: A silver mystery in full view

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11:36a ET Tuesday, August 25, 2020

Dear Friend of GATA and Gold:

What explains the furious turnover in silver inventory in the vaults associated with the New York Commodities Exchange, a turnover that vastly exceeds levels in any other commodity market?

Alaska's Pebble Mine told to offset damage as Republican opposition grows

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From Reuters
Monday, August 24, 2020

The U.S. government tOday placed an additional hurdle in front of Alaska's Pebble Mine project, giving developers 90 days to explain how they would offset damage to wetlands and popular fishing sites amid rising opposition to the project by prominent Republicans.

Ronan Manly: Quiet but vast expansion of Comex's approved bar list indicates tight metals market

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LBMA-Comex Collusion Intensifies as CME Approves 267 LBMA Gold and Silver Bar Brands

By Ronan Manly
Bullion Star, Singapore
Monday, August 24, 2020

Record Turkish gold production is all headed for the central bank

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By Ercan Ersoy
Bloomberg News
Monday, August 24, 2020

Turkey is poised to produce a record amount of gold this year and the central bank will probably buy all of it -- at prices near record highs.

Nick Barisheff: Nothing wrong with a portfolio that is entirely bullion

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9p ET Sunday, August 24, 2020

Dear Friend of GATA and Gold:

In his new essay, the CEO of bullion fund manager BMG Group, Nick Barisheff, recounts his long struggle with not only the Ontario Securities Commission but also financial advisers and gold and silver mining companies to gain support for his company's gold and silver bullion funds.

... Dispatch continues below ...

Bloomberg notes but fails to question gold and silver ETF vaulting issues

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Gold Fever in 2020 Means Exchange-Traded Funds

By Jack Farchy and Eddie Spence
Bloomberg News
Sunday, August 23, 2020

In the 19th century California gold rush, the surest way to a fortune, according to Mark Twain, was to be in the “pick and shovel business.”

If 2020 gold fever has an equivalent, it's the ETF business.

Trump set to block controversial Alaska gold mine, Politico says

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By Zack Colman and Alex Guillen
Politico, Arlington, Virgnia
Saturday, August 22, 2020

The Trump administration is planning to block the proposed Pebble Mine in Alaska early next week, six people familiar with the plans told Politico, marking a surprise reversal that could be the death knell for the massive copper and gold project.

Michael P. Regan: A love letter to the Fed from the adoring stock market

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By Michael P. Regan
Bloomberg Businessweek, New York
Friday, August 21, 2020

Dear Fed,

Hey there! It's me, the stock market. I know it's weird to write you like this, but I felt like I needed to drop a quick thank-you note for everything you've done for me this year.

Sprott 'disgusted' with market-rigging Scotiabank and 'loser' CFTC

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10:06p ET Friday, August 21, 2020

Dear Friend of GATA and Gold:

Mining entrepreneur Eric Sprott, in his weekly market review with Craig Hemke for Sprott Money, says he is "disgusted" with Scotiabank on account of the bank's being heavily fined this week for rigging the gold and silver markets.

John Kim: When will the prosecution of JPMorganChase spoofer John Edmonds ever get somewhere?

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8p ET Friday, August 21, 2020

Dear Friend of GATA and Gold:

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