Daily Dispatches

Craig Hemke at Sprott Money: Finally time for Comex gold to rally?

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2:39p ET Tuesday, July 3, 2018

Dear Friend of GATA and Gold:

The TF Metals Report's Craig Hemke, writing for Sprott Money, today reviews futures trader positioning data and concludes that the bullion banks have reduced their shorts enough to spark a summer rally.

Hemke's analysis is headlined "Is It Finally Time for Comex Gold to Rally?" and it's posted at Sprott Money here:

Comex doesn't reflect physical gold market, Swiss Asia Capital's Kiener says

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2p ET Tuesday, July 3, 2018

Dear Friend of GATA and Gold:

Jim Rickards: Gold price has been locked to SDRs and global monetary reset is under way

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9:20p Monday, July 2, 2018

Dear Friend of GATA and Gold:

Hugo Salinas Price: The end of the Petroleum Age

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7:48p ET Monday, July 2, 2018

Dear Friend of GATA and Gold:

USAGold's summer newsletter argues for a long-term perspective for investors

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6:20p ET Monday, July 2, 2018

Dear Friend of GATA and Gold:

USAGold's Summer 2018 newsletter reviews gold-related news items while arguing that investors do best with a long-term term outlook and some appreciation for gold's enduring value. The newsletter is posted here:

http://www.usagold.com/publications/NewsViewsjuly2018.html

CHRIS POWELL, Secretary/Treasurer

Ted Butler: The perfect double cross

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12:08p ET Monday, July 2, 2018

Dear Friend of GATA and Gold:

Ronan Manly: Gold is rising in currencies other than U.S. dollar

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3:58p ET Sunday, July 1, 2018

Dear Friend of GATA and Gold:

U.S. dollar's share of global currency reserves keeps falling

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By Richard Leong
Reuters
Sunday, July 1, 2018

The U.S. dollar's share of currency reserves reported to the International Monetary Fund fell in first quarter of 2018 to a fresh four-year low, while euro, yuan, and sterling's shares of reserves increased, according to the latest data from the International Monetary Fund.

... Dispatch continues below ...


Renminbi's worst month ever sparks U.S.-China currency war fears

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Gabriel Wildau and James Kynge
Financial Times, London
Sunday, July 1, 2018

China-s currency suffered its largest-ever monthly fall against the U.S. dollar in June, sparking concern that Beijing is prepared to use currency devaluation as a weapon in an escalating trade war with the United States. 

David Brady at Sprott Money: Gold -- the Chinese connection

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9:46a ET Saturday, June 30, 2018

Dear Friend of GATA and Gold:

Market analyst and former fund manager David Brady, writing again at Sprott Money, observes today that, in devaluing the yuan against the U.S. dollar in recent weeks to offset rising U.S. tariffs, China also appears to be pegging the yuan to a gold price of around 8,200 yuan per ounce.

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