Daily Dispatches

Ted Butler: The selloff

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12:20p ET Friday, August 14, 2020

Dear Friend of GATA and Gold:

Gold rush at Turkish bazaar is a test of trust for lowly lira

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By Ezgi Erkoyun and Jonathan Spicer
Reuters
Friday, August 14, 2020

ISTANBUL, Turkey -- Hasan Ayhan followed his wife's instructions last week and took their savings to buy gold at Istanbul's Grand Bazaar as Turks scooped up bullion worth $7 billion in a just a fortnight.

Six members of Congress form Sound Money Caucus

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By JP Cortez
Money Metals News Service, Eagle, Idaho
Friday, August 14, 2020

As the political and central banking establishment in Washington continues to bail out the economy and markets by creating trillions of unbacked pieces of paper and electronic digits, six congressmen hope to shine a spotlight on the devastating effects of this runaway financial profligacy.

Joe Grande: Why people should be introduced to gold

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12:40a ET Friday, August 14, 2020

Dear Friend of GATA and Gold:

Our longtime friend and supporter Joe Grande spoke for an hour this week with natural health advocate Patrick Rooney about gold's monetary and investment virtues and why people who are unfamiliar with gold have special reason to learn about it now. The interview is posted at YouTube here:

Raid on gold and silver had 'surgical precision' but won't stop their rise, Maguire says

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2:09p ET Thursday, August 12, 2020

Dear Friend of GATA and Gold:

Tuesday's attack on gold and silver futures prices was a "rigged selloff" aimed at speculative longs with "surgical precision," London metals trader Andrew Maguire said yesterday in an interview with Kinesis Money's Shane Morand, but it won't change the trajectory of the monetary metals.

Bloomberg News admits consumer price data may understate inflation

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Inflation Is Actually a Lot Higher Than You Think

By Shuli Ren
Bloomberg News
Wednesday, August 12, 2020

After almost a decade in hibernation, gold bugs are roaming the earth again. A fast drop in the dollar's real yield and the uptick of a favored gauge of inflation expectations have sent the metal on a wild ride.

Pam and Russ Martens: Big banks dangerously using foreign subsidiaries to evade U.S. derivatives rules

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By Pam and Russ Martens
Wall Street on Parade
Wednesday, August 12, 2020

On May 30, with little mainstream media attention, four European academics published a report on how some of the largest Wall Street banks (all of which received massive amounts of secret Federal Reserve bailout money during the 2007-2010 financial crash) were shamelessly gaming the system again.

Ronan Manly: Gold's upward drivers haven't changed at all

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10:34a ET Wednesday, August 12, 2020

Dear Friend of GATA and Gold:

Elaborating on his recent interview with a Vietnamese news agency, Bullion Star gold analyst Ronan Manly writes today that all the longstanding upward drivers of the gold price remain in operation.

Pam and Russ Martens: Fed lets big banks rig their stress tests

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By Pam and Russ Martens
Wall Street on Parade
Tuesday, August 11, 2020

Dips in gold, silver will be bought because metal is so scarce, GoldMoney's Macleod tells KWN

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11:12a ET Tuesday, August 11, 2020

Dear Friend of GATA and Gold:

11:10a ET Tuesday, August 11, 2020

Dear Friend of GATA and Gold:

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