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Daily Dispatches
Craig Hemke at Sprott Money: India vs. Comex silver
Submitted by cpowell on Tue, 2018-07-17 19:57 Section: Daily Dispatches7:58p ET Tuesday, July 17, 2018
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing at Sprott Money, reports tonight that in recent months India's demand for silver has been running at record levels. But Hemke adds that paper silver traded on the New York Commodities Exchange trades every two days more silver than the world produces in a year.
David Brady at Sprott Money: China robs Comex of control of gold price
Submitted by cpowell on Fri, 2018-07-13 13:45 Section: Daily Dispatches1:45p ET Friday, July 13, 2018
Dear Friend of GATA and Gold:
The close correlation of the gold price with the valuation of the Chinese yuan and the International Monetary Fund's Special Drawing Rights shows that China, not the New York Commodities Exchange, is now in control of the price of the monetary metal, money manager David Brady writes today at Sprott Money.
Former Barclays trader found guilty of rigging interest rate
Submitted by cpowell on Thu, 2018-07-12 12:10 Section: Daily DispatchesBy Kirstin Ridley
Reuters
Thursday, July 12, 2018
LONDON -- A French former trader with Barclays, tried in his absence by a London court in an 11-week trial, has been convicted of helping to mastermind a five-year plot to rig global interest rates.
May's gold output in South Africa falls most since February 2017
Submitted by cpowell on Thu, 2018-07-12 12:04 Section: Daily DispatchesAna Monteiro
Bloomberg News
Thursday, July 12, 2018
Gold output in South Africa, once the world's biggest producer of the metal, declined in May by the greatest amount since February 2017.
Most South African gold mines are unprofitable but owners, unions, government don't care why
Submitted by cpowell on Wed, 2018-07-11 13:21 Section: Daily DispatchesMinerals Council Says 75% of South Africa's Mines Are Unprofitable
By Allan Seccombe
Business Day, Johannesburg, South Africa
Wednesday, July 11, 2018
Three-quarters of South Africa's gold mines are unprofitable or barely making money, says the Minerals Council SA as the sector enters wage talks that some participants hope will reflect the realities bedevilling the sector.
Ed Steer: Dollar 'rally' appeared in nick of time Monday
Submitted by cpowell on Tue, 2018-07-10 19:16 Section: Daily Dispatches7:25p ET Tuesday, July 10, 2018
Dear Friend of GATA and Gold:
GATA board member Ed Steer's Gold and Silver Digest letter for Monday, headlined "A Dollar Index 'Rally' Appeared in the Nick of Time Monday," has been posted in the clear at GoldSeek here:
http://news.goldseek.com/GoldSeek/1531252782.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Craig Hemke at Sprott Money: Has China taken control of the gold market?
Submitted by cpowell on Tue, 2018-07-10 19:08 Section: Daily Dispatches7:10p ET Tuesday, July 10, 2018
Dear Friend of GATA and Gold:
Sound Money Index of states for 2018 announced
Submitted by cpowell on Mon, 2018-07-09 19:34 Section: Daily DispatchesBy JP Cortez
Money Metals News Service
Monday, July 9, 2018
Utah, Texas, and Wyoming round out the top three most sound money-friendly states in the United States according to the 2018 Sound Money Index, released today by the Sound Money Defense League and Money Metals Exchange.
European banks obstructing gold withdrawals, London metals trader Maguire tells KWN
Submitted by cpowell on Fri, 2018-07-06 13:34 Section: Daily Dispatches1:37p ET Friday, July 6, 2018
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire tells King World News today that Swiss and German banks increasingly are refusing to return gold to depositors, apparently as an extension of government regulations limiting cash withdrawals.
Alasdair Macleod: Inflation rearing its ugly head
Submitted by cpowell on Thu, 2018-07-05 17:58 Section: Daily Dispatches5:58p ET Thursday, July 5, 2018
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod today reviews the deceit of government inflation data, which always tries to conceal increases in prices.
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