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Daily Dispatches
Dollar's dominance to slowly melt away over coming year, Reuters poll finds
Submitted by cpowell on Fri, 2020-07-03 11:46 Section: Daily DispatchesBy Rahul Karunakar
Reuters
Wednesday, July 1, 2020
The dollar's dominance will slowly melt away over the coming year on weakening global demand and a sombre U.S. economic outlook, according to a Reuters poll of currency forecasters whose views depend on there being no second coronavirus shock.
Make money in mining shares and help GATA by subscribing to The Calandra Report
Submitted by cpowell on Thu, 2020-07-02 21:08 Section: Daily Dispatches9:11p ET Thursday, July 2, 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.
Court says Bank of England can't return Venezuelan gold to Maduro
Submitted by cpowell on Thu, 2020-07-02 11:49 Section: Daily DispatchesUK Court Blocks Maduro's Bid to Access $1 Billion in Venezuelan Gold
By Isa Soares and Vasco Cotovio
CNN, Atlanta
Thursday, July 2, 2020
Venezuela's embattled ruler Nicolás Maduro has been denied access to roughly $1 billion in gold reserves held by the Bank of England after a UK court ruled that the British government has recognized Juan Guaidó as president.
At KWN, Von Greyerz's charts indicate breakouts for gold and silver
Submitted by cpowell on Wed, 2020-07-01 21:56 Section: Daily Dispatches9:55p ET Wednesday, July 1, 2020
Dear Friend of GATA and Gold:
Canadian tax authorities recover C$82 million from Kitco in fraud case
Submitted by cpowell on Wed, 2020-07-01 21:24 Section: Daily DispatchesThis news report, translated from the original French, is 2 years old but seems to have escaped notice outside Quebec.
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Revenu Quebec Concludes a Secret Agreement with a Gold Merchant
From The Journal of Montreal
Wednesday, April 25, 2018
https://www.journaldemontreal.com/2018/04/25/revenu-quebec-conclut-un-ac...
China's Kingold Jewelry secures $2.8 billion in loans with gilded copper bars
Submitted by cpowell on Wed, 2020-07-01 11:37 Section: Daily DispatchesWhat's the big deal here? Being at least copper, those bars are more real than the paper gold that has flooded the world.
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Kingold Jewelry Secures $2.8 billion in Loans with Gilded Copper Bars
By Peggy Sito
South China Morning Post, Hong Kong
Tuesday, June 30, 3030
Jan Nieuwenhuijs: What went wrong in 1971 is explained
Submitted by cpowell on Wed, 2020-07-01 10:26 Section: Daily Dispatches10:25a ET Wednesday, July 1, 2020
Dear Friend of GATA and Gold:
Voima Gold researcher Jan Nieuwenhuijs this week posts an excellent interview with a couple of amateur Austrian School economists who maintain an internet site built on the premise that the world started going haywire upon President Richard Nixon's disconnection of the U.S. dollar from gold in 1971.
Corporate bankruptcies will collapse banks, GoldMoney's Macleod tells KWN
Submitted by cpowell on Tue, 2020-06-30 19:34 Section: Daily Dispatches7:33p ET Tuesday, June 30, 2020
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod, interviewed today by Eric King at King World News, says corporate bankruptcies may begin collapsing banks as soon as next month, prompting more money creation by governments and more nationalization of economies.
Craig Hemke at Sprott Money: Extreme Comex delivery demand continues
Submitted by cpowell on Tue, 2020-06-30 18:30 Section: Daily Dispatches6:30p ET Tuesday, June 30, 2020
Dear Friend of GATA and Gold:
Offtake of gold and silver -- real metal -- has exploded at the New York Commodities Exchange, the TF Metals Report's Craig Hemke writes tonight at Sprott Money, suddenly transforming the exchange into a physical market and signifying desperation by the bullion banks trying to cap prices.
Dave Kranzler: Gold and mining stocks vs. stocks -- Many will be surprised
Submitted by cpowell on Tue, 2020-06-30 14:48 Section: Daily DispatchesBy Dave Kranzler
Investment Research Dynamics, Denver
Tuesday, June 30, 2020
The precious metals sector -- gold, silver, and mining stocks -- is in the early stages of a rabid bull market.
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