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Daily Dispatches
You mean there was never any gold at the Comex?
Submitted by cpowell on Sun, 2020-03-29 18:49 Section: Daily DispatchesCoronavirus Sparks a Global Gold Rush
By Liz Hoffman, Amrith Ramkumar, and Joe Wallace
The Wall Street Journal
Friday, March 27, 2020
It's an honest-to-God doomsday scenario and the ultimate doomsday-prepper market is a mess.
Miners are back, so follow them with The Calandra Report and help GATA
Submitted by cpowell on Sat, 2020-03-28 13:27 Section: Daily Dispatches1:30p ET Saturday, March 29, 2020
Dear Friend of GATA and Gold:
Now that the monetary metals industry is suddenly back in business after a couple of weeks in which the metals were smashed in the futures markets to prepare the way for distribution of infinite money, financial letter writer Thom Calandra is renewing his generous offer to GATA supporters.
Coronavirus pushes London banks to consider additional gold storage sites
Submitted by cpowell on Sat, 2020-03-28 13:25 Section: Daily DispatchesBy Peter Hobson
Reuters
Friday, March 27, 2020
LONDON -- The five banks that clear gold trades in the London market are considering expanding their network of storage locations to other countries if it becomes impossible to fly enough gold in and out of London, two sources involved in the discussions say.
John Kim: Comex issues and stops reports expose Comex physical gold supply problems
Submitted by cpowell on Sat, 2020-03-28 13:14 Section: Daily DispatchesBy John Kim
Friday, March 28, 2020
Right now, the latest Comex issues and stops reports expose Comex physical gold supply problems. Though I have written about the various reasons why physical gold supply problems manifest many times in the past, this topic still remains one rarely discussed by financial journalists, and never discussed by the mass financial media.
The wild hunt for 100-ounce gold bars
Submitted by cpowell on Sat, 2020-03-28 12:43 Section: Daily DispatchesBy Joe Deaux and Yvonne Yue Li
Bloomberg News
Saturday, March 28, 2020
https://www.bloomberg.com/news/articles/2020-03-28/when-a-hot-gold-trade...
There are few corners of the global financial market that have been upended as spectacularly, or as oddly, by the coronavirus pandemic as gold trading.
Gold traders are paid not to redeem Comex EFPs, London sources say
Submitted by cpowell on Fri, 2020-03-27 11:55 Section: Daily Dispatches12:08p ET Friday, March 27, 2020
Dear Friend of GATA and Gold:
What the heck are those mysterious "exchange for physicals," the mechanisms by which contracts to buy gold on the New York Commodities Exchange are neither fulfilled by delivery on the Comex nor settled for cash there but transported for supposed delivery elsewhere?
Miners are back, so follow them with The Calandra Report and help GATA
Submitted by cpowell on Thu, 2020-03-26 22:52 Section: Daily Dispatches10:54p ET Thursday, March 25, 2020
Dear Friend of GATA and Gold:
Now that the monetary metals industry is suddenly back in business after a couple of weeks in which the metals were smashed in the futures markets to prepare the way for distribution of infinite money, financial letter writer Thom Calandra is renewing his generous offer to GATA supporters.
'There is no gold' -- Bullion dealers sell out in panic buying
Submitted by cpowell on Thu, 2020-03-26 01:30 Section: Daily DispatchesBy Brett Arends
MarketWatch.com, New York
Wednesday, March 25, 2020
https://www.marketwatch.com/story/there-is-no-gold-bullion-dealers-sell-...
If you think gold has jumped about 10 percent in a couple of days to $1,638 an ounce, the official price quoted on Wall Street, think again.
The real price? Nearer $1,800 -- if you can get it.
Coronavirus shutdowns cause glitches in gold market
Submitted by cpowell on Thu, 2020-03-26 00:46 Section: Daily DispatchesBy Henry Sanderson
Financial Times, London
Thursday, March 26, 2020
https://www.ft.com/content/29246920-6e9c-11ea-89df-41bea055720b
Supply chain shutdowns caused by coronavirus have led to unprecedented disruptions in the gold market, as traders fear they cannot get hold of enough bullion to settle futures contracts traded in New York.
Distressed debt hits almost $1 trillion, nears 2008 peak
Submitted by cpowell on Thu, 2020-03-26 00:26 Section: Daily DispatchesBy Katherine Doherty
Bloomberg News
Wednesday, March 25, 2020
The amount of distressed debt in the United States has quadrupled in less than a week to nearly $1 trillion, reaching levels not seen since 2008 as the collapse of oil prices and fallout from the coronavirus shutters entire industries across the globe.
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