Daily Dispatches

Most South African gold mines are unprofitable but owners, unions, government don't care why

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Minerals Council Says 75% of South Africa's Mines Are Unprofitable

By Allan Seccombe
Business Day, Johannesburg, South Africa
Wednesday, July 11, 2018

Three-quarters of South Africa's gold mines are unprofitable or barely making money, says the Minerals Council SA as the sector enters wage talks that some participants hope will reflect the realities bedevilling the sector.

Ed Steer: Dollar 'rally' appeared in nick of time Monday

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7:25p ET Tuesday, July 10, 2018

Dear Friend of GATA and Gold:

GATA board member Ed Steer's Gold and Silver Digest letter for Monday, headlined "A Dollar Index 'Rally' Appeared in the Nick of Time Monday," has been posted in the clear at GoldSeek here:

http://news.goldseek.com/GoldSeek/1531252782.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

Craig Hemke at Sprott Money: Has China taken control of the gold market?

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7:10p ET Tuesday, July 10, 2018

Dear Friend of GATA and Gold:

Sound Money Index of states for 2018 announced

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By JP Cortez
Money Metals News Service
Monday, July 9, 2018

Utah, Texas, and Wyoming round out the top three most sound money-friendly states in the United States according to the 2018 Sound Money Index, released today by the Sound Money Defense League and Money Metals Exchange.

European banks obstructing gold withdrawals, London metals trader Maguire tells KWN

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1:37p ET Friday, July 6, 2018

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire tells King World News today that Swiss and German banks increasingly are refusing to return gold to depositors, apparently as an extension of government regulations limiting cash withdrawals.

Alasdair Macleod: Inflation rearing its ugly head

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5:58p ET Thursday, July 5, 2018

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod today reviews the deceit of government inflation data, which always tries to conceal increases in prices.

Cryptocurrency exchange theft surges in first half of 2018, report says

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By Gertrude Chavez-Dreyfus
Reuters
Tuesday, July 3, 2018

NEW YORK -- Theft of cryptocurrencies from exchanges soared in the first half of this year to three times the level seen for the whole of 2017, leading to a three-fold increase in associated money laundering, according to a report from U.S.-based cybersecurity firm CipherTrace released today.

... Dispatch continues below ...

Craig Hemke at Sprott Money: Finally time for Comex gold to rally?

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2:39p ET Tuesday, July 3, 2018

Dear Friend of GATA and Gold:

The TF Metals Report's Craig Hemke, writing for Sprott Money, today reviews futures trader positioning data and concludes that the bullion banks have reduced their shorts enough to spark a summer rally.

Hemke's analysis is headlined "Is It Finally Time for Comex Gold to Rally?" and it's posted at Sprott Money here:

Comex doesn't reflect physical gold market, Swiss Asia Capital's Kiener says

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2p ET Tuesday, July 3, 2018

Dear Friend of GATA and Gold:

Jim Rickards: Gold price has been locked to SDRs and global monetary reset is under way

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9:20p Monday, July 2, 2018

Dear Friend of GATA and Gold:

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