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Daily Dispatches
Turk finds silver's strength remarkable and expects breakout
Submitted by cpowell on Mon, 2016-07-11 18:52 Section: Daily Dispatches6:55p ET Monday, July 11, 2016
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk tells King World News today that the recent strength in the silver price is remarkable, that the metal is among the most undervalued of assets, and that he expects it to break out upward soon. Turk's interview is excerpted at KWN here:
Ronan Manly: ETF workings hint at Bank of England's price management
Submitted by cpowell on Mon, 2016-07-11 07:59 Section: Daily Dispatches7:58a ET Monday, July 11, 2016
Dear Friend of GATA and Gold:
When government debt is worthless, gold and silver are supreme, von Greyerz says
Submitted by cpowell on Sun, 2016-07-10 19:36 Section: Daily Dispatches7:30p ET Sunday, July 10, 2016
Dear Friend of GATA and Gold:
GATA Chairman Murphy discusses metals' astounding upward reversal Friday
Submitted by cpowell on Sat, 2016-07-09 21:58 Section: Daily Dispatches9:57p ET Saturday, July 9, 2016
Dear Friend of GATA and Gold:
In an interview with GoldSeek Radio's Chris Waltzek, GATA Chairman Bill Murphy discusses the astounding upward reversal of gold and silver Friday following the usual smashdown upon release of the U.S jobs report. The interview is nine minutes long and begin at the 35:05 mark at GoldSeek Radio here:
China resumes monthly gold buying to diversify reserves
Submitted by cpowell on Thu, 2016-07-07 21:14 Section: Daily DispatchesFrom Bloomberg News
Thursday, July 7, 2016
China, the world's biggest producer and consumer of gold, added about 500,000 ounces to central bank reserves in June, restarting monthly purchases to diversify holdings after taking a breather in May.
Alasdair Macleod: GoldMoney debit card proves gold remains money and provides choice
Submitted by cpowell on Thu, 2016-07-07 19:55 Section: Daily DispatchesUsing GoldMoney's Pre-loaded Cards
By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, July 7, 2016
At Goldmoney we have noticed that account holders sell gold to preload their Goldmoney cards when gold rises.
This makes sense. People are using their accounts as money, which is exactly what they should be doing.
Ambrose Evans-Pritchard: World faces deflation shock as China devalues faster
Submitted by cpowell on Thu, 2016-07-07 18:45 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, July 7, 2016
China has abandoned a solemn pledge to keep its exchange rate stable and is carrying out a systematic devaluation of the yuan, sending a powerful deflationary impulse through a global economy already caught in a 1930s trap.
Ted Butler: Turning of the tide?
Submitted by cpowell on Thu, 2016-07-07 13:38 Section: Daily Dispatches1:37p ET Thursday, July 7, 2016
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler writes today that chances are improving for a short squeeze in the monetary metals futures markets that will overpower the investment banks that long have been rigging prices. Butler's commentary is headlined "Turning of the Tide?" and it's posted at GoldSeek's companion site, SilverSeek, here:
Gold assets top 2,000 tons as the clamor for havens grows louder
Submitted by cpowell on Thu, 2016-07-07 08:24 Section: Daily DispatchesFrom Bloomberg News
Wednesday, July 6, 2016
Global gold holdings topped 2,000 metric tons for the first time in three years as the Brexit fallout and speculation that U.S. interest rates won't rise any time soon sent investors hunting for a haven.
Koos Jansen: Chinese gold demand 973 tonnes in first half of 2016
Submitted by cpowell on Wed, 2016-07-06 19:32 Section: Daily DispatchesBy Koos Jansen
BullionStar.com, Singapore
Wednesday, July 6, 2016
Chinese wholesale gold demand, as measured by withdrawals from the vaults of the Shanghai Gold Exchange (SGE), reached a sizable 973 metric tonnes in the first half of 2016, down 7 percent compared to last year.