Daily Dispatches

Ted Butler: The missing motive

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11:25p ET Thursday, December 12, 2019

Dear Friend of GATA and Gold:

Physical market for metals will overcome derivatives, GATA chairman tells SBTV

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10:26p ET Thursday, December 12, 2019

Dear Friend of GATA and Gold:

Interviewed by Patrick Vierra of Silver Bullion TV, GATA Chairman Bill Murphy says physical demand for the monetary metals is getting closer to overwhelming the derivatives market that has been suppressing metals prices. The interview is 34 minutes long and can be viewed at YouTube here:

Gold smuggling on the rise as high prices boost appeal in India

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By Swansy Alonso
Bloomberg News
via Yahoo News
Thursday, December 12, 2019

Surging gold prices in India are keeping customs officials on their toes.

Infinite money is here, and to succeed it requires infinite monetary metals price suppression

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Fed Plans More Term Repo Actions to Curb Year-End Turmoil

By Alex Harris
Bloomberg News
Thursday, December 12, 2019

The Federal Reserve Bank of New York announced plans to conduct repurchase-agreement operations within the second half of December that will span January.

Palladium is now more expensive than gold has ever been

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By Elena Maznev
Bloomberg News
Thursday, December 12, 2019

Palladium rose for a 15th day, heading for its longest run of gains on record and exceeding the highest-ever price of gold.

JPMorgan advises shorting gold

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JPMorgan Top 2020 Trades Say Short Gold, Buy Raft of Stocks

By Joanna Ossinger
Bloomberg News
Thursday, December 12, 2019

JPMorgan Chase & Co. is recommending a risk-on investment allocation for 2020 as the global economy gathers momentum in the wake of the slowdown of recent months.

Turkey wants the world's gold, with few questions asked

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By Cagan Koc and Ercan Ersoy
Bloomberg News
Wednesday, December 11, 2019

Turkey is putting the finishing touches on a plan to loosen rules that govern the import of gold to one of the world's biggest consumers of the precious metal.

Stefan Gleason: Gold ETF holdings surge, but do they actually hold gold?

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By Stefan Gleason
Money Metals Exchange, Eagle, Idaho
Tuesday, December 10, 2019

Gold-linked exchange-traded products are growing in popularity with investors. Assets held by gold ETFs have grown 38 percent globally in 2019.

Cases of fine American wine await three GATA supporters -- maybe you?

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But you must reply by December 31.

* * *

10p ET Tuesday, December 10, 2019

Dear Friend of GATA and Gold:

Can the chance of winning a great prize induce you to support a great cause?

Two thoughtful friends of GATA -- one a leading bullion U.S. dealer, the other a well-regarded U.S. winery -- have joined forces to bring our supporters a juicy year-end offer:

Craig Hemke at Sprott Money: An early look at gold in 2020

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9:50p ET Tuesday, December 10, 2019

Dear Friend of GATA and Gold:

Looking toward the new year, the TF Metals Report's Craig Hemke, writing at Sprott Money, foresees much more debt issuance amid a contracting economy, causing central banks to increase their asset purchases and debt monetization. This, Hemke says, will be good for gold prices.

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