Daily Dispatches

Sprott explains why he bought a big chunk of First Majestic Silver

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3:26p ET Friday, September 18, 2020

Dear Friend of GATA and Gold:

Mining entrepreneur Eric Sprott, in his weekly interview with the TF Metals Report's Craig Hemke for Sprott Money, explains why he has purchased a big chuck of First Majestic Silver.

Acting as Fed's agent, Morgan is buying all silver to save Comex, Maguire says

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2:10p ET Friday, September 18, 2020

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire today tells the TF Metals Report's Craig Hemke that the silver inventory of the exchange-traded silver fund SLV must be questioned because so many bars are being quickly credited to it even as the physical market is so tight that no one else can get metal without long delays.

Chile court orders 'total and definitive' closure of Barrick's Pascua-Lama project

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By Cecilia Jamasmie
Mining.com, Vancouver, B.C., Canada
Friday, September 18, 2020

Chile's environmental court has put the final nail in the coffin for Barrick Gold's giant Pascua-Lama gold-silver project, straddling the border with Argentina, which had been on hold since 2013 over environmental concerns.

Flood of gold from Switzerland to U.S. stopped in August

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By Peter Hobson
Reuters
Thursday, September 17, 2020

https://www.reuters.com/article/us-swiss-trade-gold-idUSKBN2681TZ

LONDON -- Swiss exports of gold to the United States all but halted in August while shipments to China and India rose, customs data showed today, suggesting a big transfer of bullion to New York that followed the coronavirus outbreak has run its course.

Ex-JPMorgan trader sentenced to prison for currency rigging; CEO Jamie Dimon remains free

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By Jonathan Stempel
Reuters
Thursday, September 17, 2020

NEW YORK -- A former JPMorgan Chase & Co. foreign exchange trader was sentenced today to eight months in prison, following his November 2019 conviction for conspiring with traders at other banks to rig currency trades.

Kinross Gold pays first dividend in 7 years as metal rallies

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By Steven Frank and Isis Almeida
Bloomberg News
Thursday, September 17, 2020

Canadian miner Kinross Gold Corp. is boosting output and paying its first dividend in seven years after gold prices surged to a record.

India's Hindu temples start using 'God's gold' to pay bills as pandemic cuts donations

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By Swansy Afonso and PR Sanjai
Bloomberg News
Thursday, September 17, 2020

Alasdair Macleod: China is killing the dollar

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9p ET Thursday, September 17, 2020

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod writes today that China appears to be getting more aggressive about reducing its holdings of U.S. dollars and U.S. government bonds and increasing its stockpiling of commodities while the Federal Reserve moves toward infinite money creation.

Bullion Star's Ronan Manly covers gold rigging with GATA secretary

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12:24p ET Thursday, September 17, 2020

Dear Friend of GATA and Gold:

Bullion Star gold researcher Ronan Manly interviewed your secretary/treasurer a few days ago, the discussion covering, among other topics:

-- The extensive documentation of central bank rigging of the gold market.

-- The camouflage provided to this market rigging by the Bank for International Settlements.

Bank of England moves closer to negative interest rates

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By Russell Lynch
The Telegraph, London
Thursday, September 17, 2020

The Bank of England today took another step towards controversial negative rates amid rising Covid infections and a looming unemployment crisis.

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