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Daily Dispatches
Gold smashdowns aren't working anymore, GATA chairman tells GoldSeek Radio
Submitted by cpowell on Tue, 2019-08-20 20:44 Section: Daily Dispatches8:43p ET Tuesday, August 20, 2019
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, says the usual smashdowns against gold aren't working anymore and he believes it's because the "gold cartel" is at last running out of the real metal it has used to control the price.
Pam and Russ Martens: Investment bank crony regulators dismember the Volcker Rule
Submitted by cpowell on Tue, 2019-08-20 17:39 Section: Daily DispatchesGoldman Sachs and JPMorgan Have Flagrantly Flouted the Volcker Rule for Nine Years: Now It's to Be Gutted by Federal Regulators
By Pam and Russ Martens
Wall Street on Parade
Tuesday, August 20, 2019
Craig Hemke at Sprott Money: Outlook for Comex silver improves
Submitted by cpowell on Tue, 2019-08-20 17:29 Section: Daily Dispatches5:29p ET Tuesday, August 29, 2019
Dear Friend of GATA and Gold:
Silver is showing signs that it may start to catch up with gold's rally soon, Craig Hemke of the TF Metals Report writes today at Sprott Money. The trader positioning on the New York Commodities Exchange has moved in silver's favor, Hemke writes, and more negative interest rates and "quantitative easing" are likely to help.
Another JPMorgan trader confesses to metals market manipulation, implicates superiors
Submitted by cpowell on Tue, 2019-08-20 17:19 Section: Daily DispatchesFormer JPMorgan Metals Trader Pleads Guilty to Spoofing Charges
By Kadhim Shubber
Financial Times, London
Tuesday, August 20, 2019
https://www.ft.com/content/1ff58008-c377-11e9-a8e9-296ca66511c9
A second former JPMorgan Chase precious metals trader has pleaded guilty to criminal charges of spoofing, the U.S. Department of Justice said today.
Swiss gold exports to U.K. hit 6-year high on surge into ETFs
Submitted by cpowell on Tue, 2019-08-20 11:39 Section: Daily DispatchesBy Rupert Rowling
Bloomberg News
Tuesday, August 20, 2019
Swiss gold exports to the United Kingdom rose to the highest in six years, driven by a surge in demand for exchange-traded funds.
Dave Kranzler: Negative rates, Gresham's Law, and a parabolic move in gold
Submitted by cpowell on Mon, 2019-08-19 19:15 Section: Daily Dispatches7:10p ET Monday, August 19, 2019
Dear Friend of GATA and Gold:
Silver options hint at squeeze next week, Turk tells KWN
Submitted by cpowell on Mon, 2019-08-19 18:58 Section: Daily Dispatches6:55p ET Monday, August 19, 2019
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk, in an interview with King World News today, says options on silver are hinting at the possibility of a short squeeze next week. The interview is excerpted at KWN here:
https://kingworldnews.com/james-turk-we-may-see-a-squeeze-higher-in-the-...
Hong Kong turmoil sends gold investors to seek haven in Singapore
Submitted by cpowell on Mon, 2019-08-19 10:29 Section: Daily DispatchesBy Ranjeetha Pakiam
Bloomberg News
Monday, August 19, 2019
Escalating political turmoil in Hong Kong is spooking some gold investors.
India's central bank demands more enthusiasm for gold paperizing campaign
Submitted by cpowell on Mon, 2019-08-19 00:26 Section: Daily DispatchesScheme on Gold Monetisation to Get More Teeth
By Ram Sahgal
The Times of India, Mumbai
Monday, August 19, 2019
The Reserve Bank of India's direction to all lenders to promote and publicise the Gold Monetisation Scheme from their branches underscores the intent of the banking regulator to make the scheme a success, said officials from two private banks.
Papua New Guinea would keep some of its gold production and peg its currency to the metal
Submitted by cpowell on Mon, 2019-08-19 00:17 Section: Daily DispatchesWait until the IMF tells them it's against the rules to link your currency to gold, and unfortunately PNG is a member. But then why not resign?
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Papua New Guinea Aims to Retain 30% of Exported Gold, May Change Currency Pegs
By Jonathan Barrett
Reuters
Monday, August 19, 2019
https://af.reuters.com/article/commoditiesNews/idAFL4N25F074