Daily Dispatches

U.S. Exchange Stabilization Fund rigs gold price, ex-U.S. Rep. Ron Paul says

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1:10p ET Wednesday, August 9, 2017

Dear Friend of GATA and Gold:

Mike Norman: Sanctions will destroy the dollar

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By Mike Norman
TheStreet.com, New York
Tuesday, August 8, 2017

The United States has been on a sanctions spree.

Sanctions on Russia. Sanctions on North Korea. Sanctions on Iran. Sanctions on Syria. Sanctions on Venezuela. Sanctions proposed against China. Sanctions even obliquely placed on our allies in Europe as a result of sanctions on Russia.

Sanctions, sanctions, sanctions.

Top gold producer says mining needs more activist investors

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But there's no mention here of the suppression of the price of gold mining's product.

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By David Stringer
Bloomberg News
Tuesday, August 8, 2017

Mining companies could benefit from more investor activism in the wake of Elliott Management Corp.'s campaign for improved performance at BHP Billiton Ltd., according to Australia’s second-largest gold producer.

For Russia, reducing dependence on U.S. dollar is a matter of security

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From RIA / Novosti, Moscow
Monday, August 7, 2017

https://ria.ru/radio_brief/20170807/1499912983.html

The Russian Foreign Ministry said Russia can reduce the economy's dependence on the U.S. dollar and the U.S. monetary and financial system in response to U.S. sanctions. Work in this direction is already underway, monetary affairs expert Alexei Zubets said on Sputnik radio.

Payment in gold bullion banned in UK under new policy against tax evasion

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Such a policy might be more problematic if applied in the United States and Canada, where, for reasons not entirely clear, government-issued gold and silver coins are imprinted with face values far below their metal values.

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Payment in Gold Bullion Banned Under New Law to Combat Tax Evasion

By Rupert Neate
The Guardian, London
Monday, August 7, 2017

Torgny Persson: How high would gold go if fractional-reserve gold banking failed?

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2:06p ET Monday, August 7, 2017

Dear Friend of GATA and Gold:

Ted Butler: The key test ahead in silver

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10:15a ET Friday, August 4, 2017

Dear Friend of GATA and Gold:

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:

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