Daily Dispatches

With dividend increases, gold miners share wealth from high prices

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From the Canadian Press
via The Star, Toronto
Tuesday, October 13, 2020

CALGARY, Alberta -- Investors in Canadian gold-mining companies are being rewarded with higher dividends as gold prices settle near US$1,900 per ounce after setting record highs above US2,070 in August.

Craig Hemke at Sprott Money: Surviving algo hell

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7:57p ET Tuesday, October 13, 2020

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, commenting today at Sprott Money, writes that algorithms seem to have taken over trading in gold futures on the New York Commodities Exchange, tying gold tightly to the U.S. dollar since August in an inverse relationship that had not previously been so established.

With a bigger building, maybe JPMorgan Chase can rig more markets and get away with it

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JPMorgan Sticks with Plan to Build Giant New York Headquarters

By David Henry and Herbert Lash
Reuters
Tuesday, October 13, 2020

NEW YORK -- JPMorgan Chase & Co. is forging ahead with plans to build a mammoth new headquarters in New York, Chief Executive Jamie Dimon said on Tuesday, despite the coronavirus pandemic casting serious doubt on the future of office buildings.

Pam and Russ Martens: New book shows how repeal of Glass-Steagall re-corrupted banking system

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By Pam and Russ Martens
Wall Street on Parade
Tuesday, October 13, 2020

GATA board member Ed Steer interviewed by Michigan radio host Dave Janda

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10:36a ET Tuesday, October 13, 2020

Dear Friend of GATA and Gold:

Bank of England asks banks if they are ready for negative interest rates

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By Simon Foy
The Telegraph, London
Monday, October 12, 2020

The Bank of England has asked UK lenders for information about their readiness for the possibility of negative or zero interest rates, raising the prospect of an unprecedented move as the recovery begins to slow.

'Virtual' New Orleans conference starts Wednesday so join GATA there

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11:30a ET Sunday, October 11, 2020

Dear Friend of GATA and Gold:

As you may recall, this year's New Orleans Investment Conference, to be held next week -- Wednesday to Saturday, October 14 to 17 -- will be a "virtual" one, conducted entirely on the internet, so we'll miss the excitement of the great city.

IMF, World Bank meet as world economy is in deep recession

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By Eric Martin
Bloomberg News
Saturday, October 10, 2020

The guardians of the global economy will gather this week under the cloud of the worst recession since the Great Depression, and a recovery dependent on scientists finding a coronavirus vaccine.

Gold prospectors on a socially-distanced treasure hunt in Scotland's streams

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By Daniel Sanderson
The Telegraph, London
Sunday, October 11, 2020

Before he became fascinated by gold and mineral deposits, Danny Weir could count the number of books he had ever read on one hand.

Now, when he is not searching for treasure in Scotland’s streams, burns and glens, the 52-year-old’s days are consumed with reading about gold panning and learning about geology.

IMF should just write off its bad loans and keep its pretend gold

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Since the International Monetary Fund makes a career out of lending money to countries that can't repay it, why not just give the money away in the first place and keep the gold? After all, the money lent by the IMF is just a credit without any tangible existence like gold, which is a real asset -- at least before it is hypothecated.

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