Daily Dispatches

Seth Lipsky in The Wall Street Journal: Fifty years of debasing money

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By Seth Lipsky
The Wall Street Journal
Wednesday, July 22, 2105

July 23 marks the 50th anniversary of the Coinage Act of 1965, which stripped U.S. coins of silver and made legal tender out of base metal slugs. It's an anniversary that comes at an apt time, as Congress considers monetary reform.

Bron Suchecki: What's the spin on the gold smash?

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8:30a ET Wednesday, July 22, 2015

Dear Friend of GATA and Gold:

Gold's plunge sparks retail demand in China, India

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By Biman Mukherji, Alice Kantor, and Rhiannon Hoyle
The Wall Street Journal
Wednesday, July 22, 2015

HONG KONG -- Gold's plunge to five-year lows this week has prompted a swift rise in demand from jewelry retailers in China and India, the world's top consumers of gold, leading to a doubling of premiums paid on physical gold.

Mark O'Byrne: Sunday night's brazen attack on gold starts to prompt questions

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3:55p ET Tuesday, July 21, 2015

Dear Friend of GATA and Gold:

GoldCore's Mark O'Byrne today notes that Monday's brazen bear raid on the gold price has prompted questions from a few usually oblivious sources. His commentary is headlined "Gold Hammered Down In Sunday Night's 2-Minute, $2.7 Billion 'Unprecedented Attack'" and it's posted at GoldCore here:

Telegraph sniffs out a little disinformation surrounding gold smash

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But might not those "powerful speculators" be central banks themselves?

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Speculators Smash Gold as Dollar Squeeze Tightens

By Ambrose Evans-Pritchard
The Telegraph, London
Monday, July 20, 2015

Dave Kranzler: Gold and silver shortages acute, GLD is being looted again

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3:07p ET Monay, July 20, 2015

Dear Friend of GATA and Gold:

With gold flash crash U.S. aims to embarrass China, Turk says

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2:50p ET Monday, July 20, 2015

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, interviewed today by King World News, construes the overnight flash crash in gold as an embarrassing punishment inflicted by the United States on China for announcing an increase in its gold reserves.

Mark O'Byrne: Other Chinese govt. agencies have been buying gold too

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2:45p ET Monday, July 20, 2015

Dear Friend of GATA and Gold:

Gold paper dump signifies sinking world economy, Embry tells KWN

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12:30p ET Monday, July 20, 2015

Dear Friend of GATA and Gold:

The more that gold is clobbered by the sudden dumping of futures contracts, Sprott Asset Management's John Embry tells King World News, the worse real conditions in the world economy must be. An excerpt from Embry's interview is posted at the KWN blog here:

Bron Suchecki: Dissection of a gold price smash

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8a ET Monday, July 20, 2015

Dear Friend of GATA and Gold:

Perth Mint research director Bron Suchecki analyzes the overnight smash in the gold price and determines that it started on the New York Commodities Exchange. Suchecki's analysis is headline "Dissection of a Gold Price Smash" and it's posted at the Perth Mint's Internet site here:

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