Daily Dispatches

Michael P. Regan: A love letter to the Fed from the adoring stock market

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By Michael P. Regan
Bloomberg Businessweek, New York
Friday, August 21, 2020

Dear Fed,

Hey there! It's me, the stock market. I know it's weird to write you like this, but I felt like I needed to drop a quick thank-you note for everything you've done for me this year.

Sprott 'disgusted' with market-rigging Scotiabank and 'loser' CFTC

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10:06p ET Friday, August 21, 2020

Dear Friend of GATA and Gold:

Mining entrepreneur Eric Sprott, in his weekly market review with Craig Hemke for Sprott Money, says he is "disgusted" with Scotiabank on account of the bank's being heavily fined this week for rigging the gold and silver markets.

John Kim: When will the prosecution of JPMorganChase spoofer John Edmonds ever get somewhere?

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8p ET Friday, August 21, 2020

Dear Friend of GATA and Gold:

New Orleans Investment Conference goes 'virtual' but stays intimate

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12:21p ET Friday, August 21, 2020

Dear Friend of GATA and Gold:

Former Fed staffers urge Senate to reject Shelton nomination

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If Shelton is such a threat to the financial establishment, this may be the strongest reason yet for the Senate to confirm her.

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By Jonnelle Marte
Reuters
Thursday, August 20, 2020

Colombia sold two-thirds of its gold in June just before a record high

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Another rich country insisting on being poor helps those central banks that are trying to keep the gold price down.

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By Oscar Medina
Bloomberg News
Thursday, August 20, 2020

Colombia sold two-thirds of its gold reserves in a single month just as investors seeking havens against global turmoil were about to drive the metal to a record high.

Two giant gold nuggets worth US$250,000 found in Australia

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By Jack Guy
Cable News Network, Atlanta
Thursday, August 20, 2020

Gold diggers in southern Australia have found two huge nuggets worth A$350,000 (US$250,000) in historic goldfields.

GATA secretary reviews prospects for monetary metals in interview with Claudio Grass

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11:12a ET Thursday, August 20, 2020

Dear Friend of GATA and Gold:

Major recent changes in the gold market and what they may foretell are discussed in an interview with your secretary/treasurer conducted by market analyst and financial adviser Claudio Grass.

Central banks scale back dollar lending operation as demand drops

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By Martin Arnold and Eva Szalay
Financial Times, London
Thursday, August 20, 2020

Four leading central banks have further scaled back the U.S. dollar liquidity they offer via emergency swap lines with the Federal Reserve, in the latest illustration of the global financial system's recovery from the market panic caused by coronavirus earlier this year.

Scotiabank pays $127.4 million to settle gold and silver spoofing claims

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By Matt Robinson
Bloomberg News
Wednesday, August 19, 2020

Bank of Nova Scotia agreed to pay $127.4 million to settle U.S. allegations that the company engaged in spoofing of gold and silver futures contracts, and made false statements to the government.

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