Daily Dispatches

Papua New Guinea gains 'major share' of Barrick's Porgera mine

Submitted by cpowell on Fri, 2020-10-16 14:55 Section: Daily Dispatches

From Bloomberg News
via Yahoo News
Friday, October 16, 2020

Papua New Guinea's push for greater sway over its own mineral wealth scored a win, with Barrick Gold Corp. agreeing to a deal that will see the South Pacific nation get a big stake in a key gold mine.

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'Rigged' author Stuart Englert interviewed by Palisade Radio

Submitted by cpowell on Fri, 2020-10-16 12:59 Section: Daily Dispatches

1p ET Friday, October 16, 2020

Dear Friend of GATA and Gold:

Journalist Stuart Englert, author of the book "Rigged, Exposing the Largest Financial Fraud in History," which details the manipulation of gold prices by central banks and draws heavily on GATA's work, was interviewed this week by Tom Bodrovics at Palisade Radio. The interview is 36 minutes long and can be heard at YouTube here:

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Sprott's John Hathaway: Gold, the simple math

Submitted by cpowell on Fri, 2020-10-16 12:47 Section: Daily Dispatches

12:45p ET Friday, October 16, 2020

Dear Friend of GATA and Gold:

Sprott gold portfolio manager John Hathaway this week published a report detailing the many factors supporting investment in gold and gold-mining companies.

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Pam and Russ Martens: Stock mutual funds have net outflows for 25 weeks, totaling record $388.7 billion

Submitted by cpowell on Fri, 2020-10-16 11:47 Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Friday, October 16, 2020

Refinitiv Lipper, which has been tracking mutual fund flows for the past 18 years, reports that for the week ended Wednesday, October 14, equity (stock) mutual funds marked their 25th week of net negative outflows, losing $8.6 billion for the week.

Read more about Pam and Russ Martens: Stock mutual funds have net outflows for 25 weeks, totaling record $388.7 billion

Despite JPMorgan's record spoofing fine, deterrence questions remain

Submitted by cpowell on Wed, 2020-10-14 22:07 Section: Daily Dispatches

By Henry Engler
Reuters
Tuesday, October 13, 2020

https://www.reuters.com/article/idUSKBN26Y2NT

JPMorgan's $920 million fine by U.S. regulators for "spoofing" in the precious metals and U.S. Treasury markets, the practice of giving a false impression of market demand by rapidly entering and canceling orders, would appear to be a sharp warning to the industry over the illegal practice.

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With dividend increases, gold miners share wealth from high prices

Submitted by cpowell on Wed, 2020-10-14 11:41 Section: Daily Dispatches

From the Canadian Press
via The Star, Toronto
Tuesday, October 13, 2020

CALGARY, Alberta -- Investors in Canadian gold-mining companies are being rewarded with higher dividends as gold prices settle near US$1,900 per ounce after setting record highs above US2,070 in August.

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Craig Hemke at Sprott Money: Surviving algo hell

Submitted by cpowell on Tue, 2020-10-13 19:55 Section: Daily Dispatches

7:57p ET Tuesday, October 13, 2020

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, commenting today at Sprott Money, writes that algorithms seem to have taken over trading in gold futures on the New York Commodities Exchange, tying gold tightly to the U.S. dollar since August in an inverse relationship that had not previously been so established.

Read more about Craig Hemke at Sprott Money: Surviving algo hell

With a bigger building, maybe JPMorgan Chase can rig more markets and get away with it

Submitted by cpowell on Tue, 2020-10-13 13:47 Section: Daily Dispatches

JPMorgan Sticks with Plan to Build Giant New York Headquarters

By David Henry and Herbert Lash
Reuters
Tuesday, October 13, 2020

NEW YORK -- JPMorgan Chase & Co. is forging ahead with plans to build a mammoth new headquarters in New York, Chief Executive Jamie Dimon said on Tuesday, despite the coronavirus pandemic casting serious doubt on the future of office buildings.