Daily Dispatches

BRICS countries mull forming single gold trade system

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From TASS, Moscow
Friday, November 24, 2017

http://tass.com/economy/977276

MOSCOW -- BRICS countries are discussing the possibility of establishing a single gold trade system, First Deputy Chairman of Russia’s Central Bank Sergey Shvetsov said Friday.

Gold CEO Bristow lashes out against his industry

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But has he ever addressed gold price suppression by central banks intervening surreptitiously in the markets?

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By Danielle Bochova
Bloomberg News
Friday, November 24, 2017

A gold industry obsessed with containing costs and minimizing risks will find itself at the edge of a cliff by 2020 as supply tightens, according to one of the most profitable producers.

Ted Butler: Life under manipulation

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12:47p ET Friday, November 24, 2017

Dear Friend of GATA and Gold:

Silver market analyst Ted Butler today marvels again at the huge position in Comex silver futures and the concentration of the short position.

Alasdair Macleod: Deflation must be embraced

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By Alasdair Macleod
GoldMoney.com, Jersey, Channel Islands
Thursday, November 23, 2017

Torgny Persson: 28 reasons to buy physical gold

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10:48a ET Thursday, November 23, 2017

Dear Friend of GATA and Gold:

Bitcoin is paving the way for gold's return as global currency, fund manager says

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This Gold Fund Is Joining the Bitcoin Frenzy

By Ranjeetha Pakiam
Bloomberg News
Wednesday, November 22, 2017

The Old Mutual Gold & Silver Fund, which manages $220 million of mostly precious metal equities, is jumping on the bitcoin wagon.

Craig Hemke: Futures trader positioning better for signalling tops than bottoms

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3:18p ET Wednesday, November 22, 2017

Dear Friend of GATA and Gold:

Zero Hedge: Gold drops to key support after $2 billion purge

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From Zero Hedge
Monday, November 20, 2017

After surging above its 50-day moving-average on Friday, it appears someone is keen for that key technical level not to hold as they dumped almost $2 billion notional in seconds this morning, testing down to the 50-day moving average.

Fifteen thousand contracts dumped in under two minutes. ... But for now the 50-day moving average is holding. ...

These doomsday preppers are starting to switch from gold to bitcoin

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By Eddie VanDer Walt
Bloomberg News
Monday, November 20, 2017

Wendy McElroy is ready for most doomsday scenarios: a one-year supply of nonperishable food is stacked in a cellar at her farm in rural Ontario. Her blueprint for survival also depends upon working internet: part of her money, assuming she needs some after civilization collapses, is in bitcoin.

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