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Daily Dispatches

Unprecedented backwardation in gold, Turk tells USAWatchdog

Section: Daily Dispatches

4:40p ET Wednesday, August 5, 2015

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk today tells USAWatchdog's Greg Hunter that he has never seen such a long period of backwardation in the gold market. Turk says that "the money bubble" is getting ready to pop. His interview is 26 minutes long and can be watched at USAWatchdog here:

Surging demand for the real stuff even as paper gold prices fall

Section: Daily Dispatches

10:07a ET Wednesday, August 5, 2015

Dear Friend of GATA and Gold:

Another monetary metals dealer, Money Metals Exchange in Idaho, reports surging demand for the real stuff even as prices for "paper gold" fall, "more buying interest than at any time since the 2008 financial crisis." The firm reports its recent sales data here:

GATA chairman interviewed about metals market rigging

Section: Daily Dispatches

10a ET Wednesday, August 5, 2015

Dear Friend of GATA and Gold:

GATA Chairman Bill Murphy was interviewed this week about gold and silver market rigging by Dave Kranzler of Investment Research Dynamics at the IRD Internet site here --

http://investmentresearchdynamics.com/sot-48-bill-murphy-violent-and-bre...

Avery Goodman: U.S. guarantees Comex gold, hastening offtake there

Section: Daily Dispatches

Demand for Physical Gold Deliveries Doubles in August

By Avery Goodman
Tuesday, August 4, 2015

Last month I wrote about an usual situation at the COMEX futures exchange:

http://seekingalpha.com/article/3227026-gold-market-tightness-puts-comex...

James McShirley: Kitco inadvertently acknowledges that the gold price is suppressed

Section: Daily Dispatches

By James McShirley
via Bill Murphy's "Midas" commentary at www.LeMetropoleCafe.com
Tuesday, August 4, 2015

How do you mention manipulation without actually saying it? Well, if you work for Kitco and your name is either Neils Christensen or Peter Hug you do it this way:

http://www.kitco.com/news/2015-08-03/U-S-Mint-Reports-469-YoY-Increase-I...

IMF staff review recommends delaying currency basket adoption of yuan

Section: Daily Dispatches

By David Chance and Krista Hughes
Reuters
Tuesday, August 4, 2015

WASHINGTON -- The International Monetary Fund should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016, an IMF staff report said, a move that would effectively end the Chinese currency's chances of an early inclusion.

Stefan Gleason: Five extraordinary things that will shake up precious metals

Section: Daily Dispatches

4:05p ET Tuesday, August 4, 2015

Dear Friend of GATA and Gold:

Hugo Salinas Price: Will China play the 'gold card'?

Section: Daily Dispatches

2:08p ET Tuesday, August 4, 2015

Dear Friend of GATA and Gold:

China well may devalue the yuan against gold as the next move in the international currency war, Hugo Salinas Price of the Mexican Civic Association for Silver writes this week. His commentary is headlined "Will China Play the 'Gold Card'?" and it's posted at the association's Internet site here:

Despite media's propaganda, gold has performed well in Europe, Turk tells KWN

Section: Daily Dispatches

9:05p ET Monday, August 3, 2015

Dear Friend of GATA and Gold:

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