Daily Dispatches

Gold price suppression is biggest issue in the world, GATA secretary tells GoldCore's O'Byrne


11:42a ET Thursday, May 9, 2019

Dear Friend of GATA and Gold:

In an interview with bullion dealer GoldCore's Mark O'Byrne the other day, your secretary/treasurer discussed GATA's work, including:

-- The legal authorization of the U.S. government to rig the gold market surreptitiously to defend the U.S. dollar against competition as the world reserve currency.

AngloGold Ashanti to dispose of remaining South African mines


By Allan Seccombe
Business Day, Johannesburg
Thursday, May 9, 2019


Congressman proposes U.S. gold audit that covers leases, swaps


From Money Metals News Service, Eagle, Idaho
Wednesday, May 8, 2019

WASHINGTON -- U.S. Rep., R-West Virginia, this week introduced legislation to provide for the first audit of United States gold reserves since the Eisenhower administration.

China announces fifth straight month of growth in gold reserves


China's Central Bank Stocks up on Gold as It Seeks to Diversify

By Henry Sanderson
Financial Times, London
Wednesday, May 8, 2019

China's central bank added gold to its reserves for the fifth month in a row in April, the latest emerging market central bank to stock up on the yellow metal.

Craig Hemke: Two inglorious anniversaries for gold and silver


5:25p ET Tuesday, May 7, 2019

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing at Sprott Money, today recalls the anniversaries of the Bank of England's infamous gold sales of 1999 and what he calls the May Day Massacre of silver by JPMorganChase in 2011.

Ronan Manly: Churning membership curses London gold banking cartel


12:50p ET Monday, May 6, 2019

Dear Friend of GATA and Gold:

Bullion Star's gold market analyst Ronan Manly today examines the churning membership of the London gold banking cartel, from which Societe Generale has just resigned.

Manly's commentary is headlined "Curse of the London Gold Fix Strikes Again as SocGen Abandons Ship" and it's posted at Bullion Star here:

If gold investors are puzzled, it's from a lack of financial journalism


12:06p Monday, May 6, 2019

Dear Friend of GATA and Gold:

Gold investors, Kitco News market analyst Jim Wyckoff writes today, "are scratching their heads and wondering why their metal has not reacted more positively to unsettling developments on the geopolitical front":

Sentencing of former JPM metals trader delayed again


Sentencing of former JP Morgan Chase Precious Metals Trader Delayed as Federal Probe Continues

By Dawn Giel
CNBC, New York
Thursday, May 2, 2019

The criminal sentencing of former J.P. Morgan Chase precious metals trader John Edmonds has been postponed six more months, to December, as federal investigators continue to probe possible manipulation of metals markets.

India's central bank denies moving gold abroad in 2014 or since


No Gold Shifted Outside India in 2014 or After, RBI Says

From the Press Trust of India
via The Times of India, Mumbai
Friday, May 3, 2019


Silver backwardation signals rally, Maguire tells KWN


4:46p ET Friday, May 3, 2019

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire, interviewed today by King World News, says the cash price for silver is so far above the recent futures contract price -- deep backwardation -- that a rally is imminent.

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