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Daily Dispatches
John Kim: Did China foil Western banks' spoofing of Shanghai gold market?
Submitted by cpowell on Tue, 2020-07-14 18:04 Section: Daily Dispatches6p ET Tuesday, July 14, 2020
Dear Friend of GATA and Gold:
Market analyst John Kim today reports a recent statement by the Shanghai Futures Exchange that the exchange has caught attempts to "spoof" trading, and Kim wonders if the perpetrators are Western banks that often have "spoofed" Western gold markets.
GATA's Ed Steer interviewed by talk-show host Dave Janda
Submitted by cpowell on Tue, 2020-07-14 17:46 Section: Daily Dispatches5:45p ET Tuesday, July 14, 2020
Dear Friend of GATA and Gold:
Gold price suppression is longstanding government policy, GATA board member Ed Steer tells talk show host Dave Janda of "Operation Freedom" on WAAM-AM1600 in Ann Arbor, Michigan, in an interview conducted Sunday. But, Steer adds, the world financial system is unraveling and monetary metals prices are showing it.
Craig Hemke at Sprott Money: Explosive debt is one of many props for gold
Submitted by cpowell on Tue, 2020-07-14 17:38 Section: Daily Dispatches5:37p ET Tuesday, July 14, 2020
Dear Friend of GATA and Gold:
The explosive increase in U.S. government debt is joining five other developments creating an outstanding environment for the monetary metals, the TF Metals Report's Craig Hemke notes today at Sprott Money:
-- Infinite fiat currency creation.
-- Economic contraction and stagflation.
-- Central bank yield curve control.
Mounting risks in U.S. will weigh on the dollar, analysts predict
Submitted by cpowell on Tue, 2020-07-14 11:12 Section: Daily DispatchesBy Eva Szalay and Colby Smith
Financial Times, London
Monday, July 13, 2020
Escalating political and health risks in the United States and rising optimism about the global economic recovery should keep the dollar sliding over the next few months, according to analysts.
Swiss central bank defends currency intervention as 'essential'
Submitted by cpowell on Tue, 2020-07-14 11:03 Section: Daily DispatchesBy Catherine Bosley
Bloomberg News
Tuesday, July 14, 2020
Currency intervention is an "essential" policy tool for Switzerland, its central bank chief said, in a riposte to the United States, which has the country on a watchlist for allegedly manipulating its exchange rate.
Profit from mining shares and help GATA -- subscribe to The Calandra Report
Submitted by cpowell on Mon, 2020-07-13 11:11 Section: Daily Dispatches11:10a Monday, July 13, 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.
GATA board member Ed Steer's Saturday letter posted at SilverSeek
Submitted by cpowell on Mon, 2020-07-13 11:08 Section: Daily Dispatches11:10a ET Monday, July 13, 2020
Dear Friend of GATA and Gold:
The Saturay edition of GATA board member Ed Steer's letter, Ed Steer's Gold and Silver Digest, is posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/ted-butler-silver-pressure-cooker-hefty-d...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Fed's $3 trillion virus rescue inflates market bubbles
Submitted by cpowell on Mon, 2020-07-13 11:02 Section: Daily DispatchesBy Kate Duguid
Reuters
Monday, July 13, 2020
The Federal Reserve's $3 trillion bid to stave off an economic crisis in the wake of the coronavirus outbreak is fuelling excesses across U.S. capital markets.
The U.S. central bank has pledged unlimited financial asset purchases to sustain market liquidity, increasing its balance sheet from $4.2 trillion in February to $7 trillion today.
Rep. Mooney seeks to audit gold intervention, ban federal tax on precious metal coins
Submitted by cpowell on Sun, 2020-07-12 11:53 Section: Daily Dispatches11:56a ET Sunday, July 12, 2020
Dear Friend of GATA and Gold:
Surreptitious intervention in the gold market by the U.S. government is the target of legislation introduced in the House of Representatives by Rep. Alex X. Mooney, R-West Virginia.
Profit from mining shares and help GATA -- subscribe to The Calandra Report
Submitted by cpowell on Sat, 2020-07-11 22:12 Section: Daily Dispatches10:12p ET Saturday, July 11, 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.
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