People who don't yet realize they're short gold may start to cover, Turk tells KWN

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5:27p ET Monday, July 27, 2020

Dear Friend of GATA and Gold:

Gold's rise to a record high is likely to give people some disturbing thoughts, GoldMoney founder and GATA consultant James Turk tells King World News today.

Desperate hunt for yield forces investors to take 'extreme risk'

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So why don't they just start buying gold instead?

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By Colby Smith
Financial Times, London
Sunday, July 26, 2020

Brian Chappatta: Fed will all but guarantee negative real yields

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By Brian Chappatta
Bloomberg News
Monday, July 27, 2020

A special message to monetary metals investors from a Powell who could sing

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Gone are my blues and gone are my fears.
I've got good news to shout in your ears.
The silver dollar has returned to the fold.
With silver you can turn your dreams to gold.

https://www.youtube.com/watch?v=iZ2lzNXPz1w


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USAGold: Coins and bullion since 1973

Gold soars to all-time high as dollar dive adds fuel to record run

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But take a look at silver, if you can find it way up there.

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By Brijesh Patel
Reuters
Sunday, July 26, 2020

Gold prices jumped to record highs on Monday as an intensifying U.S.-China row hammered the dollar and cemented expectations that central banks would continue pumping out stimulus to ease the economic pain from a worsening coronavirus pandemic.

John Authers: A mighty short squeeze may be building in gold

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Bloomberg News at last discovers the risk of too much imaginary gold.

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By John Authers
Bloomberg News
Monday, July 27, 2020

We're beating the bad guys, so will you help?

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12:55p ET Sunday, July 26, 2020

Dear Friend of GATA and Gold:

While the bad guys -- the government-underwritten riggers of the gold market -- are not going away quietly, they're on the run now, in large part because other governments and investors generally have come to understand the dishonest mechanisms and oppressive purposes of the Western fractional-reserve gold banking system.

Ed Steer's Saturday letter posted at SilverSeek

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12:39p ET Sunday, July 26, 2020

Dear Friend of GATA and Gold:

The Saturday edition of GATA board member Ed Steer's Gold and Silver Digest letter is posted in the clear at GoldSeek's companion site, SilverSeek, here:

https://silverseek.com/article/record-4425-million-oz-silver-added-all-e...

CHRIS POWELL, Secretary/Treasurer

Robert Lambourne: BIS gold swaps and derivatives fall slightly in June but still unusually high

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By Robert Lambourne
Sunday, July 26, 2020

The gold swaps and derivatives position of the Bank for International Settlements, which reached a three-year high in May, fell slightly in June, according to the bank's statement of accounts for the month:

https://www.bis.org/banking/balsheet/statofacc200630.pdf

China's move to buy Arctic gold mine draws fire in Canada

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By Vipal Monga
The Wall Street Journal
Sunday, July 26, 2020

TORONTO -- The purchase of a gold mine in the Canadian Arctic by a state-run Chinese company is triggering alarms in Canada over China's expanding presence in a region that is growing in strategic importance for its shipping lanes and resources.