GATA

'Death Cross' strikes U.S. dollar as virus cases grow

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By Saqib Iqbal Ahmed
Reuters
Wednesday, July 8, 2020

NEW YORK -- A resurgent coronavirus pandemic in the United States and the prospect of improving growth abroad are souring some investors on the dollar, threatening a years-long rally in the currency.

Profit from mining shares and help GATA -- subscribe to The Calandra Report

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11:30a ET Wednesday, July 8, 2020

Dear Friend of GATA and Gold:

With gold and silver straining to break higher and their mining shares already starting to fly, our friend Thom Calandra's financial letter is an ever-more compelling read, and Thom is renewing his generous offer to GATA and to GATA supporters who subscribe.

London metals trader Maguire and GATA consultant Organ discuss collapse of fractional-reserve gold banking system

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10:41p Tuesday, July 7, 2020

Dear Friend of GATA and Gold:

The imminent collapse of the fractional-reserve gold banking system is the primary topic of a discussion between London metals trader and Kinesis Money founder Andrew Maguire and GATA consultant Harvey Organ, a student of the gold and silver markets for 50 years.

They review:

Alasdair Macleod: A potential crisis in Comex gold

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8:30p Tuesday, July 7, 2020

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod writes tonight that it seems increasingly difficult for bullion banks to cover their short positions in gold futures in New York.

Craig Hemke at Sprott Money: Sinking real rates drive gold higher

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7:58p Tuesday, July 7, 2020

Dear Friend of GATA and Gold:

Gold's rising price closely correlates with the trend toward negative real interest rates, the TF Metals Report's Craig Hemke explains today in commentary at Sprott Money.

USAGold's July letter: Gold has had a very good year and it's only half over

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11:46a Tuesday, July 7, 2020

Dear Friend of GATA and Gold:

USAGold's July newsletter, written by proprietor Mike Kosares, notes gold's unusual strength during what are supposed to be its summer doldrums. The newsletter also reports the growing belief in gold's prospects among major investment banks. "Gold," Kosares writes, "has had a very good year and it's only half over."