Daily Dispatches

Foreigners aren't buying into South Africa's gold rally


By Robert Brand and Adelaide Changole
Bloomberg News
Tuesday, July 21, 2020

Not even a record rally can entice foreign investors to South African gold stocks.

Can America cut off China from SWIFT?


By Cissy Zhou
South China Morning Post, Hong Kong
Wednesday, July 22, 2020

Debates continue among Chinese officials and analysts as to whether the United States has the ability and willingness to reduce or even completely cut off China's access to the U.S. dollar system, reflecting uneasiness in Beijing about the potential ramifications of a financial war with Washington.

New York Sun: Avoiding 'price volatility' is no defense for Fed against Shelton


Judy Shelton Gets a Green Light for Vote by Full Senate

From The New York Sun
Tuesday, July 21, 2020

The vote of the Senate Banking Committee to confirm Judy Shelton for a governorship of the Federal Reserve marks an important step in the right direction for our central bank.

Craig Hemke at Sprott Money: Fed policy shift to negative rates, more inflation is boosting metals


10:10a ET Tuesday, July 21, 2020

Dear Friend of GATA and Gold:

Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, says gold and silver are soaring on the Federal Reserve's new policies of "yield-curve control" -- that is, more suppression of interest rates, even to the point of negative real rates -- combined with higher inflation targets.

At KWN, Turk marvels at silver's blastoff -- investors are remonetizing it


9:57p ET Tuesday, July 21, 2020

Dear Friend of GATA and Gold:

At King World News tonight, GoldMoney founder and GATA consultant James Turk marvels at silver's blastoff today, which seems to be continuing tonight.

Profit from mining shares and help GATA -- subscribe to The Calandra Report


9:52p ET Tuesday, July 22, 2020

Dear Friend of GATA and Gold:

With gold and silver straining to break higher and their mining shares already starting to fly, our friend Thom Calandra's financial letter is an ever-more compelling read, and Thom is renewing his generous offer to GATA and to GATA supporters who subscribe.

Trump's pro-gold nominee moves closer to landing Fed seat


By Victoria Guida
Politico, Washington
Tuesday, July 21, 2020

Judy Shelton, the controversial Federal Reserve nominee who long advocated for a return to the gold standard and once questioned the basis for the Fed’s independence from political influence, is one step closer to a seat on the central bank’s board.

Nobody wants to go short in silver, GoldMoney's Macleod tells KWN


12:05p ET Tuesday, July 21, 2020

Dear Friend of GATA and Gold:

Interviewed today by King World News, GoldMoney research director Alasdair Macleod sees a short squeeze in gold and great reluctance among bullion banks to go short in silver. The interview can be read here:


Super-rich Russian battles Chinese rival in hunt for African gold


By Tim Treadgold
Forbes, New York
Monday, July 20, 2020

If anyone doubts the universal lure of gold as its price nears an all-time high, then consider a China vs. Russia takeover battle for an African gold deposit controlled by an Australian mining company.

Bloomberg News won't disrupt Fed with critical questions and fears Shelton would


Herewith a news organization that has never put a critical question to the Federal Reserve Board, nor, for that matter, to the U.S. Commodity Futures Trading Commission, opposes a Fed nominee because of the risk that she would do what journalism has failed to do.

* * *

The Fed Doesn't Need This Kind of Disruption

An Editorial, Bloomberg News
Tuesday, July 21, 2020

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