Daily Dispatches

A 'buy everything' rally beckons in the world of yield-curve control

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Buy everything except the dollar, that is.

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A 'Buy Everything' Rally Beckons in World of Yield-Curve Control

By William Shaw and Todd White
Bloomberg News
Sunday, June 21, 2020

As central banks pump trillions into the world economy, investors are setting their sights on what could be the next big thing in global monetary policy: yield curve control.

Ronan Manly: The curious case of Comex gold deliveries

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11:18a ET Friday, June 19, 2020

Dear Friend of GATA and Gold:

Central banks capped Comex gold last week, Turk tells KWN

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11:04a ET Friday, June 19, 2020

Dear Friend of GATA and Gold:

Venezuela's rival presidents prepare to battle over gold in London vaults

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By Angus Berwick and Mayela Armas
Reuters
Friday, July 19, 2020

In the vaults beneath the Bank of England, where foreign nations stash parts of their vast gold reserves, lie 1.7 billion euros ($1.9 billion) of disputed gold bars. Two parties claim access to them.

Alasdair Macleod: The crisis goes up a gear

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By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, June 18, 2020

Dollar-denominated financial markets appeared to suffer a dramatic change on or about the 23 March. This article examines the possibility that it marks the beginning of the end for the Fed’s dollar.

World's ultra-wealthy go for gold amid stimulus bonanza

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By Brenna Hughes Neghaiwi and Simon Jessup
Reuters
Thursday, June 18, 2020

As stock markets roar back from the coronavirus-led rout, advisers to the world's wealthy are urging them to hold more gold, questioning the strength of the rally and the long-term impact of global central banks' cash splurge.

Regulators are kicking Scotiabank out of gold, London trader Maguire says

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12:51p ET Thursday, June 18, 2020

Dear Friend of GATA and Gold:

European Central Bank will pay banks not to shrink loan books

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Banks Borrow Record 1.31 Trillion Euros from ECB

By Balazs Koranyi
Reuters
Thursday, June 18, 2020

FRANKFURT, Germany -- Euro zone banks borrowed a record 1.31 trillion euros ($1.47 trillion) from the European Central Bank today, taking advantage of negative interest rates to meet growing demand for credit from companies hit by the deepest recession in living memory.

Perth Mint stops taking artisanal gold after sourcing allegations

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By Swati Verma
Reuters
Wednesday, June 17, 2020

Australia's Perth Mint, one of the world's biggest gold refiners, said it would stop processing metal from artisanal and small-scale miners after allegations that it took gold dug in Papua New Guinea using child labor and toxic mercury.

Craig Hemke at Sprott Money: Declining use of EFPs hints at demise of Comex

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10:24p ET Tuesday, June 16, 2020

Dear Friend of GATA and Gold:

The collapsing number of Comex gold futures contracts being resolved by the mysterious "exchange for physicals" mechanism may foretell the collapse of the Comex and the fractional-reserve gold banking system itself, the TF Metals Report's Craig Hemke writes today at Sprott Money.

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