Daily Dispatches

Ohio police and firefighter pension fund to allocate 5% to gold

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Will they flush it down the toilet in GLD or purchase real metal?

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New Asset Class Approved as First Step in Asset Allocation Review

From the Ohio Police & Fire Pension Fund
Columbus, Ohio
Friday, August 28, 2020

https://www.op-f.org/information/opfnews/opf-investment-notes-august-202...

At KWN, Turk says silver is leading gold; Macleod says gold's rise scares Comex

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11:20a ET Saturday, August 29, 2020

Dear Friend of GATA and Gold:

GoldMoney founder and GATA consultant James Turk tells King World News that the contracting gold-silver ratio shows that silver is leading the precious metals higher.

Gold and silver mining company shares remain undervalued, Turk adds, even as rising metals prices promise exponential increases in company earnings.

New York Sun: Why the Fed needs Judy Shelton

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From The New York Sun
Friday, August 28, 2020

The first thing that strikes us about the Federal Reserve's new "Statement on Longer-Run Goals and Monetary Policy Strategy" is that the vote to approve it in the Open Market Committee was unanimous.

Monetary metals are most manipulated on days of Fed announcements, Sprott says

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9:08p ET Friday, August 28, 2020

Dear Friend of GATA and Gold:

Markets are grossly manipulated on the day of any policy announcement by the Federal Reserve to prevent them from interfering with the illusion the Fed wants the world to see, mining entrepreneur Eric Sprott says today in his weekly review with Craig Hemke for Sprott Money.

Pam and Russ Martens: As retirees anguish over low Treasury rates, U.S. companies suspend dividends

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By Pam and Russ Martens
Wall Street on Parade
Friday, August 28, 2020

Bank of England governor says negative rates are in policy toolbox

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By Lucy Meakin and David Goodman
Bloomberg News
Friday, August 28, 2020

The Bank of England has plenty of room to add more monetary stimulus to fight the U.K.'s economic slump, including negative interest rates if needed, Governor Andrew Bailey said.

Scotiabank will nail JPMorganChase for metals market rigging, London trader Maguire says

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12:28a ET Friday, August 28, 2020

Dear Friend of GATA and Gold:

Bron Suchecki's seminar for gold and silver beginners

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12:21p ET Thursday, August 27, 2020

Dear Friend of GATA and Gold:

Gold advocate Bron Suchecki, who now is senior precious metals project analyst for ABC Bullion in Australia --

https://www.abcbullion.com.au/investor-centre/pdf

-- this week presented an internet seminar for beginners investing in gold and silver. Suchecki spoke for about 50 minues on these topics:

John Kim: China tightens its squeeze on New York and London gold futures markets

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11:29a ET Thursday, August 27, 2020

Dear Friend of GATA and Gold:

Market researcher John S. Kim of SK Wealth Academy reports today that the Shanghai Futures Exchange has shortened the delivery period for gold futures contracts from five working days to one working day after the last trading day.

Pam and Russ Martens: Buffett isn't buying Fed's spin on big banks

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By Pam and Russ Martens
Wall Street on Parade
Wednesday, August 26, 2020

At his press conference on June 10, Federal Reserve Chairman Jerome Powell said this about the U.S. banking system, which includes a little more than 5,000 federally insured banks but is dangerously concentrated in the hands of just five mega-banks on Wall Street.

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