Daily Dispatches

South African gold mine job cuts widen with 16,000 at risk

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So why doesn't the Reserve Bank of South Africa object to gold price suppression by other central banks?

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By Kevin Crowley and Paul Burkhardt
Bloomberg News
Thursday, August 3, 2017

Dave Kranzler: Western central bank fear of gold is in the air

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By Dave Kranzler
Investment Research Dynamics, Denver
Thursday, August 3, 2017

Ballooning open interest, heavy fix selling, aggressive post-settlement selling, flash crashes -- this all seems a lot of bother. Perhaps the Other Side is afraid of something.

-– John Brimelow's Gold Jottings.

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Dollar's loss of reserve status will goose monetary metals, Embry tells KWN

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7:40p ET Wednesday, August 2, 2017

Dear Friend of GATA and Gold:

Sprott Asset Management's John Embry tells King World News today that the U.S. dollar may become the primary cause of breakouts in gold and silver as the dollar gradually loses its status as the world reserve currency. Embry's comments are excerpted at KWN here:

Izabella Kaminska: Crypto-currencies are mirroring pre-crash banking systems

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By Izabella Kaminska
Financial Times, London
Tuesday, August 1, 2017

When bitcoin, the crypto currency, first arrived on the scene in 2009 it sold itself on a simple principle.

Ronan Manly: Little transparency in LBMA's London vault report

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7:45a ET Wednesday, August 2, 2017

Dear Friend of GATA and Gold:

This week's report by the London Bullion Market Association about the gold and silver held in London-area vaults brings little transparency to the issue and even contradicts itself, gold researcher Ronan Manly writes today.

LBMA says London vaults hold 7,500 tonnes of gold

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Revealed: Just How Much Gold Is in London's Vaults

By Jon Yeomans
The Telegraph, London
Monday, July 31, 2017

London has long been acknowledged as the biggest gold trading centre in the world, but no one has ever been able to say for sure how much gold is stored in the capital -- until now.

Avery Goodman: Bankers stop the panic in gold, dig in for range-bound play

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2:22p ET Monday, July 31, 2017

Dear Friend of GATA and Gold:

Ronan Manly: West sent at least 4,200 tonnes of gold to Asia in 2013-15

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2:10p ET Monday, July 31, 2017

Dear Friend of GATA and Gold:

Gold researcher Ronan Manly today documents the flow of 400-ounce London good- delivery bars to Asia via refineries in Switzerland that convert them to kilogram bars. Manly concludes:

Koos Jansen: Estimated Chinese gold reserves surpass 20,000 tonnes

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8:37p ET Saturday, July 29, 2017

Dear Friend of GATA and Gold:

Frozen in time: the miraculous gold rush movies buried under the Yukon ice

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By Christina Newland
The Guardian, London
Friday, July 28, 2017

In 1978 in northwest Canada’s Yukon territory, construction on a new recreation centre was under way in a small rural settlement called Dawson City.

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