John Kim: China tightens its squeeze on New York and London gold futures markets

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11:29a ET Thursday, August 27, 2020

Dear Friend of GATA and Gold:

Market researcher John S. Kim of SK Wealth Academy reports today that the Shanghai Futures Exchange has shortened the delivery period for gold futures contracts from five working days to one working day after the last trading day.

Robert Lambourne BIS gold swaps soared in July, may be at highest level ever

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By Robert Lambourne
Wednesday, August 26, 2020

The recently reported July statement of account of the Bank for International Settlements discloses that the bank's use of gold swaps increased strongly that month to an estimated 474 tonnes, up 21 percent from 391 tonnes in June:

https://www.bis.org/banking/balsheet/statofacc200731.pdf

Pam and Russ Martens: Buffett isn't buying Fed's spin on big banks

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By Pam and Russ Martens
Wall Street on Parade
Wednesday, August 26, 2020

At his press conference on June 10, Federal Reserve Chairman Jerome Powell said this about the U.S. banking system, which includes a little more than 5,000 federally insured banks but is dangerously concentrated in the hands of just five mega-banks on Wall Street.

Peter Grosskopf: Gold performs spectacularly but needs more integration into markets

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11:40a ET Wednesday, August 26, 2020

Dear Friend of GATA and Gold:

Jim Rickards: Central banks mislead about gold to preserve their monopoly on money

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11a ET Wednesday, August 26, 2020

Dear Friend of GATA and Gold:

Jim Rickards' new essay at The Daily Reckoning demolishes the most common disparagements about gold's monetary properties and explains why governments and financial elites hate gold and strive to mislead the world about it.

Craig Hemke at Sprott Money: Biggest monthly Comex silver offtake is about to happen

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7:35p ET Tuesday, August 25, 2020

Dear Friend of GATA and Gold:

More huge delivery demands are likely in Comex September silver, more than the huge demands made in the last three delivery months, the TF Metals Report's Craig Hemke writes today at Sprott Money.

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.