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Daily Dispatches

Ted Butler: Watch out when investment demand collides with industrial demand for silver

Section: Daily Dispatches

1:08p ET Saturday, August 8, 2020

Dear Friend of GATA and Gold:

Silver market analyst and manipulation whistleblower Ted Butler writes that the metal's vast industrial applications and myriad users will make it impossible for its price to be suppressed forever. Indeed, Butler writes, if industrial demand ever collides with new investment demand, a buying panic could result.

Butler, Macleod, and GATA lauded by Eric Sprott in weekly review with Craig Hemke

Section: Daily Dispatches

4:08p ET Friday, August 7, 2020

Dear Friend of GATA and Gold:

In his weekly review with the TF Metals Report's Craig Hemke at Sprott Money, mining entrepreneur Eric Sprott marvels at the recent explosion in gold and silver prices. He says that last week for the first time in history the bullion banks were covering their short positions in monetary metals futures contracts.

Hong Kong's wealthy move gold out of city on security law fears

Section: Daily Dispatches

By Primrose Riordan
Financial Times, London
Friday, August 7, 2020

Hong Kong's wealthy are moving increasing amounts of their gold out of the financial hub after Beijing imposed a new national security law on the city last month, dealers in the precious metal say.

Pam and Russ Martens: Fed chairman handles government and personal business with BlackRock

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Friday, August 7, 2020

Earlier this year Wall Street On Parade reported that the chairman of the Federal Reserve, Jerome Powell, had an upward range of $11.6 million invested with the investment management firm BlackRock and its iShares Exchange Traded Funds, according to Powell's 2019 financial disclosure form.

Record bullion prices give South African gold miners a lifeline while risks remain

Section: Daily Dispatches

By Tanisha Heiberg and Promit Mukherjee
Reuters
Friday, August 7, 2020

JOHANNESBURG -- South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts and fund managers predicting a sectoral growth spurt over the next two years amid rising investor interest.

Jan Nieuwenhuijs: U.S. dollar devalues by 99% vs. gold in 100 years

Section: Daily Dispatches

By Jan Nieuwenhuijs
Voima Gold, Helsinki
Thursday, August 6, 2020

A world reserve currency is supposed to be superior in storing value, but through boundless money printing the U.S. dollar hasn't been able to compete with gold by a long shot. In 1932 the gold price was $20.67 dollars per troy ounce. Today it crossed $2,067 dollars.

Pam and Russ Martens: Sri Lanka is top user of Fed emergency lending program

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Thursday, August 6, 2020

At Fed Chairman Jerome Powell's press conference on July 29, he persisted in his explanation that all the Fed's bailout programs are really about helping the American people get back on their feet. Here's one more, among a growing mountain, of reasons to question that.

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