Daily Dispatches

Dave Kranzler: Gold and silver are set up for a huge move

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3:45p ET Wednesday, September 9, 2020

Dear Friend of GATA and Gold:

Craig Hemke at Sprott Money: Ahead of the September FOMC meeting

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11:50a ET Wednesday, September 9, 2020

Dear Friend of GATA and Gold:

The TF Metals Report's Craig Hemke, writing today at Sprott Money, speculates on the outcome of the September meeting of the Federal Open Market Committee, basing his analysis on the Fed's recent trial balloons launched through mainstream financial news organizations.

John Kim: Don't trust Comex or banks with your gold

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11:20a ET Wednesday, September 9, 2020

Dear Friend of GATA and Gold:

Financial writer John Kim today argues that it's not safe to keep gold with the New York Commodities exchange or with banks but only with vaulting operations outside the financial system where you're allowed to see your metal and remove it. The risk of confiscation or fraud is too great, Kim writes.

Pam and Russ Martens: Softbank is a mere guppy; the market-rigging whale is JPMorganChase

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11:45a ET Tuesday, September 8, 2020

Dear Friend of GATA and Gold:

While the Japanese conglomerate Softbank lately has been identified as the "Nasdaq whale" manipulating tech stocks higher, Pam and Russ Martens of Wall Street on Parade today show how Softbank's market rigging makes it a mere "guppy" compared to the real whale in manipulating markets, JPMorganChase.

U.S. banks signal mounting concern over real estate lending

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By Robert Armstrong
Financial Times, London
Monday, September 7, 2020

U.S. banks are increasingly worried about being repaid on loans secured against commercial property, as offices, malls, and hotels continue to stand empty.

The darkening outlook of banks is laid bare by disclosures on so-called criticised loans, which are flashing warning signals about a borrower’s ability to pay.

Money markets have a $750 billion problem in zero-rate world

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By Emily Barrett and Katherine Greifeld
Bloomberg News
Monday, September 8, 2020

A $750 billion industry still struggling to bounce back from the last crisis is cracking under the Federal Reserve’s lower-for-longer mantra on U.S. interest rates.

Silver's brilliant year validates bugs' enthusiasm

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By Eddie Spence
Bloomberg News
via MSN.com
Sunday, September 6, 2020

Ned Naylor-Leyland has been all-in on silver for 18 years, earning derision along the way from fellow investors favoring the more glamorous gold. Now, with silver's price skyrocketing 51% this year, he's got reason to feel vindicated.

Jeremy Warner: When money dies, gold comes into its own

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11:38a ET Sunday, September 6, 2020

Dear Friend of GATA and Gold:

Philippines central bank adopts policy of active gold trading

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By Ditas B Lopez
Bloomberg News
Saturday, September 5, 2020

https://www.bloomberg.com/news/articles/2020-09-05/philippines-central-b...

The Philippine central bank is shifting to active gold trading as the monetary authority seeks to better manage the country's international reserves, Governor Benjamin Diokno said on today.

Record gold prices create insurance headache for vault keepers

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By Eddie Spence
Bloomberg News
Saturday, September 5, 2020

Surging demand for gold means business is booming at the companies that store and protect the world's bullion. But record prices come with a catch: All those piles of yellow bars are suddenly much trickier to insure.

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