Daily Dispatches

Fed may recapitalize banks with inside info about metals smash, Roberts says

Submitted by cpowell on Fri, 2013-06-21 21:27 Section: Daily Dispatches

9:24p ET Friday, June 21, 2013

Dear Friend of GATA and Gold:

Read more about Fed may recapitalize banks with inside info about metals smash, Roberts says

With gold and silver prices driven down, Golden Minerals suspends production

Submitted by cpowell on Fri, 2013-06-21 17:22 Section: Daily Dispatches

Golden Minerals Announces Suspension of Production

Company Press Release
via Yahoo News and PRNewsire
Friday, June 21, 2013

GOLDEN, Colorado -- Golden Minerals Co. announced that it has suspended operations at its Velardena mine as of June 21, 2013, in order to conserve the asset until operating plans and prices for silver and gold indicate a sustainable cash margin for operations.

Read more about With gold and silver prices driven down, Golden Minerals suspends production

Central banks scooping up bargain gold, Maguire tells King World News

Submitted by cpowell on Fri, 2013-06-21 14:02 Section: Daily Dispatches

2p ET Friday, June 21, 2013

Dear Friend of GATA and Gold:

Read more about Central banks scooping up bargain gold, Maguire tells King World News

It's all just paper for market manipulation, Barron tells King World News

Submitted by cpowell on Fri, 2013-06-21 00:00 Section: Daily Dispatches

11:57p ET Thursday, June 20, 2013

Dear Friend of GATA and Gold:

Mining entrepreneur Keith Barron tells King World News tonight that the smashing of gold markets continues to be largely a matter of paper -- futures, options, and derivatives -- not real metal, for market manipulation. An excerpt from the interview is posted at the King World News blog here:

Read more about It's all just paper for market manipulation, Barron tells King World News

Turk, Kaye on the Fed's latest distraction

Submitted by cpowell on Thu, 2013-06-20 08:39 Section: Daily Dispatches

8:33a ET Thursday, June 20, 2013

Dear Friend of GATA and Gold:

In interviews with King World News, the Federal Reserve's latest communique is analyzed by GoldMoney founder James Turk and Hong Kong fund manager William Kaye.

Turk says the communique has distracted from seriously disturbing news about major banks:

Read more about Turk, Kaye on the Fed's latest distraction

Peter Grandich replies to Dennis Gartman

Submitted by cpowell on Wed, 2013-06-19 19:16 Section: Daily Dispatches

7:13p ET Wednesday, June 19, 2013

Dear Friend of GATA and Gold:

Market analyst and mining company consultant Peter Grandich tonight replied to commodity market letter writer Dennis Gartman's suggestion today that he should find another line of work, a suggestion quoted in this morning's dispatch (http://www.gata.org/node/12702). Grandich's reply is posted at his Internet site here:

Read more about Peter Grandich replies to Dennis Gartman

GATA isn't talented enough to make Dennis Gartman care

Submitted by cpowell on Wed, 2013-06-19 11:17 Section: Daily Dispatches

11:20a ET Wednesday, June 19, 2013

Dear Friend of GATA and Gold:

Commodity letter writer Dennis Gartman (http://www.thegartmanletter.com/) today acknowledges that the gold market well may be manipulated by governments but asserts that he doesn't care. He also completely misconstrues GATA's position and urges us to give up on the manipulation issue.

Gartman writes:

Read more about GATA isn't talented enough to make Dennis Gartman care

Got Gold Report: Big commercials less short in silver than ever

Submitted by cpowell on Wed, 2013-06-19 10:32 Section: Daily Dispatches

10:30a ET Wednesday, June 19, 2013

Dear Friend of GATA and Gold:

Gene Arensberg's latest Got Gold Report, disclosing that the biggest commercial traders in silver have reduced their short position to the lowest level in 20 years, is posted in the clear at the GGR Internet site here: