Daily Dispatches

Trump says he could still take steps to weaken dollar, fueling confusion

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By Damian Paletta
Washington Post
Friday, July 26, 2019

President Trump gave mixed signals this week as to whether he would intervene and try to weaken the U.S. dollar, telling aides Tuesday he had ruled out the idea but telling reporters on Friday he was still open to it.

Ronan Manly: End of gold agreement liberates central banks to start buying

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3:41p ET Friday, July 26, 2019

Dear Friend of GATA and Gold:

Maybe the BIS has recovered some swapped gold

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Armed Men Steal $40 Million of Gold, Metals from Brazil Airport

By Leonardo Benassatto and Marcelo Rochabrun
Reuters
Friday, July 26, 2019

SAO PAULO, Brazil -- Armed men stole $40 million of gold and other precious metals Thursday from a Sao Paulo cargo terminal at South America's busiest airport, taking two hostages, police said.

London bullion trader Maguire prods Parliament, UK regulators to stop gold rigging

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3p ET Friday, July 26, 2019

Dear Friend of GATA and Gold:

Interviewed this week by the TF Metal's Report's Craig Hemke, London bullion trader Andrew Maguire discloses that he has been working with members of Parliament to expose gold market rigging engineered by U.S. financial interests in the United Kingdom.

... Dispatch continues below ...


Here's a start: AP acknowledges central banks have 'immense pricing power' with gold

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Gold Deal Ends Among European Central Banks

By David McHugh
Associated Press, New York
Friday, July 26, 2019

https://www.apnews.com/7080c56efead48c5a98410c4f63029f5

Trump administration hopes it can just talk dollar down

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Trump Decides Against Currency Intervention After Meeting About Ways to Weaken Dollar

By Kayla Tausche
CNBC, New York
Friday, July 26, 2019

President Donald Trump has decided not to intervene in U.S. currency markets after convening Cabinet officials and top level economic advisors Tuesday to discuss the issue, according to Larry Kudlow and two other people familiar with the meeting.

Central banks let gold market coordination pact expire without replacement

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10:37a ET Friday, July 26, 2019

Dear Friend of GATA and Gold:

Today the European Central Bank announced the expiration without replacement of the latest central bank gold agreement. The ECB's announcement is appended.

What does it mean?

Shrugging off rising tensions, China's largest gold miner opens office in Toronto

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By Gabriel Friedman
National Post, Toronto
Thursday, July 25, 2019

At a time when Sino-Canadian diplomatic tensions run high, China’s largest gold miner, Shandong Gold Group Co., Ltd. gathered several dozen bankers, lawyers, local mining executives and media at a downtown Toronto hotel to celebrate the company’s new Bay Street office.

Former trader for Scotia Capital, Bear Stearns confesses to 'spoofing' monetary metals

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Ex-Scotia Capital, Bear Stearns Precious Metals Trader Pleads Guilty, Will Cooperate with Feds in 'Spoofing' Probe

By Dave Mangan
CNBC, New York
Thursday, July 25, 2019

https://www.cnbc.com/2019/07/25/ex-scotia-capital-bear-stears-metals-tra...

Alasdair Macleod: The reasoning behind gold's breakout

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11:12p ET Thursday, July 25, 2019

Dear Friend of GATA and Gold:

In his new essay, "The Reasoning Behind Gold's Breakout," GoldMoney research director Alasdair Macleod delightfully explodes eight of the common myths about gold, myths tightly held by investment fund managers:

-- Gold is no longer money.

-- Gold doesn't pay interest.

-- Gold is expensive to store and insure.

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