Daily Dispatches

The view from Nome: The world changes when you see gold under water

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7:52p ET Sunday, December 16, 2018

Dear Friend of GATA and Gold:

The Voice of America has produced a wonderful short video by reporter Natasha Mozgovaya about life in Nome, Alaska, which is still full of gold prospectors more than a century after the great Klondike Gold Rush.

"Once you see gold under water," one of the prospectors says, "the whole world changes."

Ritesh Jain: It's the liquidity, Stupid! That's what is causing all the turmoil

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By Ritesh Jain
The Times of India, Mumbai
Sunday, December 16, 2018

https://economictimes.indiatimes.com/markets/stocks/news/its-the-liquidi...

Nedbank strategists Mehul and Neels write some exciting stuff and, like me, they don't confuse fundamentals with liquidity. They write in a strategy note:

Ambrose Evans-Pritchard: BIS warns of seizure at heart of financial clearing system

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By Ambrose Evans-Pritchard
The Telegraph, London
Sunday, December 16, 2018

https://www.telegraph.co.uk/business/2018/12/16/bis-fears-financial-seiz...

The pillars of the global financial system are fundamentally unstable and could lead to a frightening chain-reaction in the next crisis, the world's top watchdog has warned.

J.P. Koning: An early attempt at standardizing money using international gold coins

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11:43a ET Sunday, December 16, 2018

Dear Friend of GATA and Gold:

Writing at Bullion Star today, economist J.P. Koning recounts attempts from the mid-1800s to standardize the gold coins of the major Western nations to facilitate international trade. The mechanics weren't too difficult but the politics proved to be.

Here come the class-action lawsuits against JPM for rigging gold and silver futures

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JPMorgan Faces Potential Class-Action Lawsuit After Guilty Plea by a Former Metals Trader

By Dawn Giel
CNBC, New York
Thursday, December 13, 2018

Traders from across the U.S. are banding together to accuse JPMorganChase of manipulating precious metals markets for years.

BMG Group's Brandon White: Governments less able to hide intervention against gold

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8:15p ET Friday, December 14, 2018

Dear Friend of GATA and Gold:

With his Friday night "This Week in Three Minutes" commentary, Brandon White of gold dealer BMG Group in Ontario says the new year will be a defensive one for investors and that surreptitious intervention by governments against gold is being increasingly exposed as agencies refuse to answer questions about it.

London trader Maguire interviewed on RT about gold and silver market rigging

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11:12a ET Friday, December 14, 2018

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire was interviewed Thursday on Russia Today's "Boom Bust" program by host Bart Chilton, former member of the U.S. Commodity Futures Trading Commission, discussing manipulation of the gold and silver markets.

Ignoring U.S. government's market rigging, Wall Street Journal goes after Saudi Arabia's

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Every month for many years GATA has delivered to The Wall Street Journal evidence of the U.S. government's surreptitious market manipulation. More evidence was delivered to the newspaper just yesterday:

http://gata.org/node/18685

The newspaper has refused to pursue the issue. But today, as noted below, the newspaper claims a triumph by exposing market manipulation by ... Saudi Arabia.

Alasdair Macleod: Gold -- a perfect storm for 2019

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4:27p ET Thursday, December 13, 2018

Dear Friend of GATA and Gold:

Paulson wins control of Detour board in key shareholder vote

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By Scott Deveau and Danielle Bochove
Bloomberg News
Thursday, December 13, 2018

Paulson & Co. has convinced shareholders of Detour Gold Corp. to overthrow the bulk of the Canadian miner's board of directors, including its interim CEO, ending a nasty six-month proxy battle.

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