From China: 'GATA is not wrong'

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3:23p ET Tuesday, December 18, 2018

Dear Friend of GATA and Gold:

Thanks to C.C., our new friend in Shanghai, China, for alerting us to Chinese-language commentary published in August in the Hong Kong Economic Journal that cited GATA extensively, even taking for illustration the GATA painting by Alain Despert:

https://www1.hkej.com/dailynews/investment/article/1914231/

Banks' confessions refute 'conspiracy theory' scorn of gold rigging complaints, Murphy says

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1:32p ET Tuesday, December 18, 2018

Dear Friend of GATA and Gold:

Dunagun Kaiser of Reluctant Preppers today interviews GATA Chairman Bill Murphy and they express amazement that complaints of gold market manipulation are still dismissed as "conspiracy theory" even as investment banks increasingly confess to market rigging.

Ronan Manly: Venezuela's gold in limbo amid tug-of-war at Bank of England

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1:12p ET Tuesday, December 18, 2018

Dear Friend of GATA and Gold:

Bullion Star gold researcher Ronan Manly today provides a detailed update about Venezuela's attempt to repatriate its gold from the Bank of England. As best as Manly can determine, the bank still has not released the metal.

Will gold and silver miners join the lawsuits against JPMorganChase?

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9:50p ET Monday, December 17, 2018

Dear Friend of GATA and Gold:

Are gold and silver mining companies joining the class-action lawsuits being filed against investment bank JPMorganChase because of the confession by a former futures trader for the bank who has pleaded guilty to manipulating the monetary metals markets?:

Von Greyerz, at KWN, notes collapse of European bank stocks

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8:31p ET Sunday, December 16, 2018

Dear Friend of GATA and Gold:

Swiss gold fund manager Egon von Greyerz, in commentary posted at King World News, calls attention to both the long-term and short-term collapse of the European bank stock index, which he construes as an indicator of the imminent crash of the European banking system and then a stock market crash.

The view from Nome: The world changes when you see gold under water

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7:52p ET Sunday, December 16, 2018

Dear Friend of GATA and Gold:

The Voice of America has produced a wonderful short video by reporter Natasha Mozgovaya about life in Nome, Alaska, which is still full of gold prospectors more than a century after the great Klondike Gold Rush.

"Once you see gold under water," one of the prospectors says, "the whole world changes."

Ritesh Jain: It's the liquidity, Stupid! That's what is causing all the turmoil

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By Ritesh Jain
The Times of India, Mumbai
Sunday, December 16, 2018

https://economictimes.indiatimes.com/markets/stocks/news/its-the-liquidi...

Nedbank strategists Mehul and Neels write some exciting stuff and, like me, they don't confuse fundamentals with liquidity. They write in a strategy note:

Ambrose Evans-Pritchard: BIS warns of seizure at heart of financial clearing system

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By Ambrose Evans-Pritchard
The Telegraph, London
Sunday, December 16, 2018

https://www.telegraph.co.uk/business/2018/12/16/bis-fears-financial-seiz...

The pillars of the global financial system are fundamentally unstable and could lead to a frightening chain-reaction in the next crisis, the world's top watchdog has warned.

J.P. Koning: An early attempt at standardizing money using international gold coins

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11:43a ET Sunday, December 16, 2018

Dear Friend of GATA and Gold:

Writing at Bullion Star today, economist J.P. Koning recounts attempts from the mid-1800s to standardize the gold coins of the major Western nations to facilitate international trade. The mechanics weren't too difficult but the politics proved to be.

Here come the class-action lawsuits against JPM for rigging gold and silver futures

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JPMorgan Faces Potential Class-Action Lawsuit After Guilty Plea by a Former Metals Trader

By Dawn Giel
CNBC, New York
Thursday, December 13, 2018

Traders from across the U.S. are banding together to accuse JPMorganChase of manipulating precious metals markets for years.