Daily Dispatches

Peter Grosskopf: Gold performs spectacularly but needs more integration into markets

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11:40a ET Wednesday, August 26, 2020

Dear Friend of GATA and Gold:

Jim Rickards: Central banks mislead about gold to preserve their monopoly on money

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11a ET Wednesday, August 26, 2020

Dear Friend of GATA and Gold:

Jim Rickards' new essay at The Daily Reckoning demolishes the most common disparagements about gold's monetary properties and explains why governments and financial elites hate gold and strive to mislead the world about it.

Craig Hemke at Sprott Money: Biggest monthly Comex silver offtake is about to happen

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7:35p ET Tuesday, August 25, 2020

Dear Friend of GATA and Gold:

More huge delivery demands are likely in Comex September silver, more than the huge demands made in the last three delivery months, the TF Metals Report's Craig Hemke writes today at Sprott Money.

Ted Butler: A silver mystery in full view

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11:36a ET Tuesday, August 25, 2020

Dear Friend of GATA and Gold:

What explains the furious turnover in silver inventory in the vaults associated with the New York Commodities Exchange, a turnover that vastly exceeds levels in any other commodity market?

Alaska's Pebble Mine told to offset damage as Republican opposition grows

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From Reuters
Monday, August 24, 2020

The U.S. government tOday placed an additional hurdle in front of Alaska's Pebble Mine project, giving developers 90 days to explain how they would offset damage to wetlands and popular fishing sites amid rising opposition to the project by prominent Republicans.

Ronan Manly: Quiet but vast expansion of Comex's approved bar list indicates tight metals market

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LBMA-Comex Collusion Intensifies as CME Approves 267 LBMA Gold and Silver Bar Brands

By Ronan Manly
Bullion Star, Singapore
Monday, August 24, 2020

Record Turkish gold production is all headed for the central bank

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By Ercan Ersoy
Bloomberg News
Monday, August 24, 2020

Turkey is poised to produce a record amount of gold this year and the central bank will probably buy all of it -- at prices near record highs.

Nick Barisheff: Nothing wrong with a portfolio that is entirely bullion

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9p ET Sunday, August 24, 2020

Dear Friend of GATA and Gold:

In his new essay, the CEO of bullion fund manager BMG Group, Nick Barisheff, recounts his long struggle with not only the Ontario Securities Commission but also financial advisers and gold and silver mining companies to gain support for his company's gold and silver bullion funds.

... Dispatch continues below ...

Bloomberg notes but fails to question gold and silver ETF vaulting issues

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Gold Fever in 2020 Means Exchange-Traded Funds

By Jack Farchy and Eddie Spence
Bloomberg News
Sunday, August 23, 2020

In the 19th century California gold rush, the surest way to a fortune, according to Mark Twain, was to be in the “pick and shovel business.”

If 2020 gold fever has an equivalent, it's the ETF business.

Trump set to block controversial Alaska gold mine, Politico says

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By Zack Colman and Alex Guillen
Politico, Arlington, Virgnia
Saturday, August 22, 2020

The Trump administration is planning to block the proposed Pebble Mine in Alaska early next week, six people familiar with the plans told Politico, marking a surprise reversal that could be the death knell for the massive copper and gold project.

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