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Daily Dispatches
Dollar's rise was the extraordinary move, not its recent decline, analyst says
Submitted by cpowell on Tue, 2020-08-11 10:34 Section: Daily DispatchesAlternative Gauge Signals that Talk of Dollar's Demise Is Premature
By Eric Lam
Bloomberg News
Tuesday, August 11, 2020
The dollar's stunning decline last month, the most in a decade, suddenly looks a lot less consequential once you take into consideration the inflation-adjusted value of the greenback.
GATA Chairman Murphy interviewed about gold price suppression
Submitted by cpowell on Mon, 2020-08-10 11:26 Section: Daily Dispatches11:25a ET Monday, August 10, 2020
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy was interviewed yesterday about gold price suppression policy by market observer Bob Unger. The interview is a half hour long and can be seen at YouTube here:
https://www.youtube.com/watch?v=rW977KwhEiM
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
In comments to KWN, Turk sees greatest potential for silver
Submitted by cpowell on Mon, 2020-08-10 10:59 Section: Daily Dispatches10:58a ET Monday, August 10, 2020
Dear Friend of GATA and Gold:
In comments to King World News today, GoldMoney founder and GATA consultant James Turk updates his predictions for the accelerating monetary metals. Turk is most impressed by silver's prospects because the metal is still trading far below its price 40 years ago when the U.S. dollar was also succumbing to inflation.
Biden vows to block Pebble mine project if elected
Submitted by cpowell on Mon, 2020-08-10 10:44 Section: Daily DispatchesFrom the Associated Press
via Alaska Public Media, Anchorage
Sunday, August 9, 2020
JUNEAU, Alaska -- Democratic presidential candidate Joe Biden said Sunday that if he’s elected, his administration would stop a proposed copper and gold mine in Alaska's Bristol Bay region.
USAGold's 'News & Views': Gold is tops this year and long beats holding dollars
Submitted by cpowell on Sun, 2020-08-09 22:22 Section: Daily Dispatches10p ET Sunday, August 9, 2020
Dear Friend of GATA and Gold:
USAGold's August "News & Views" letter notes that gold is performing better than all other assets this year and has held value even as the U.S. dollar has been devaluing for decades. The newsletter is posted in the clear at USAGold here:
https://www.usagold.com/cpmforum/nv1021august2020/
CHRIS POWELL, Secretary/Treasurer
New York Sun: Times says 'We're all gold bugs now'
Submitted by cpowell on Sun, 2020-08-09 21:36 Section: Daily DispatchesFrom The New York Sun
Sunday, August 9, 2020
Perth Mint probe finds no serious misconduct in overseas gold scandal
Submitted by cpowell on Sun, 2020-08-09 21:28 Section: Daily DispatchesBy Jarrod Lucas
Australian Broadcasting Corp., Sydney
Monday, August 10, 2020
An investigation into the purchasing practices of the Perth Mint has not found any examples of serious misconduct by the state government-owned metal refiner.
Goldseek posts Friday edition of GATA board member Ed Steer's Gold & Silver Digest
Submitted by cpowell on Sun, 2020-08-09 11:28 Section: Daily Dispatches11:27a ET Sunday, August 9, 2020
Dear Friend of GATA and Gold:
Friday's edition of GATA board member Ed Steer's Gold & Silver Digest letter, headlined "The Big 8 Are Still Mega-Short Silver and Gold," is posted in the clear at GoldSeek here:
https://goldseek.com/article/big-8-are-still-mega-short-silver-and-gold
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Platinum mining giant South Africa forced by virus to look into abyss
Submitted by cpowell on Sun, 2020-08-09 10:55 Section: Daily DispatchesBy Felix Njini and Elena Mazneva
Bloomberg News
Sunday, August 9, 2020
South Africa's gold industry has been dying slowly for years. As the coronavirus undercuts the already fragile case for investment, its platinum mines may be next.
Bullion banks losing billions on shorting gold futures, GoldMoney's Macleod tells KWN
Submitted by cpowell on Sat, 2020-08-08 14:04 Section: Daily Dispatches2p ET Saturday, August 8, 2020
Dear Friend of GATA and Gold:
Futures market data, GoldMoney research director Alasdair Macleod tells King World News, shows that bullion banks and hedge funds have incurred billions of dollars in losses by being short gold as the price has risen lately. Macleod's data and comments are posted at KWN here:
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