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Daily Dispatches

New York Sun: Why the Fed needs Judy Shelton

Section: Daily Dispatches

From The New York Sun
Friday, August 28, 2020

The first thing that strikes us about the Federal Reserve's new "Statement on Longer-Run Goals and Monetary Policy Strategy" is that the vote to approve it in the Open Market Committee was unanimous.

Monetary metals are most manipulated on days of Fed announcements, Sprott says

Section: Daily Dispatches

9:08p ET Friday, August 28, 2020

Dear Friend of GATA and Gold:

Markets are grossly manipulated on the day of any policy announcement by the Federal Reserve to prevent them from interfering with the illusion the Fed wants the world to see, mining entrepreneur Eric Sprott says today in his weekly review with Craig Hemke for Sprott Money.

Bank of England governor says negative rates are in policy toolbox

Section: Daily Dispatches

By Lucy Meakin and David Goodman
Bloomberg News
Friday, August 28, 2020

The Bank of England has plenty of room to add more monetary stimulus to fight the U.K.'s economic slump, including negative interest rates if needed, Governor Andrew Bailey said.

Bron Suchecki's seminar for gold and silver beginners

Section: Daily Dispatches

12:21p ET Thursday, August 27, 2020

Dear Friend of GATA and Gold:

Gold advocate Bron Suchecki, who now is senior precious metals project analyst for ABC Bullion in Australia --

https://www.abcbullion.com.au/investor-centre/pdf

-- this week presented an internet seminar for beginners investing in gold and silver. Suchecki spoke for about 50 minues on these topics:

John Kim: China tightens its squeeze on New York and London gold futures markets

Section: Daily Dispatches

11:29a ET Thursday, August 27, 2020

Dear Friend of GATA and Gold:

Market researcher John S. Kim of SK Wealth Academy reports today that the Shanghai Futures Exchange has shortened the delivery period for gold futures contracts from five working days to one working day after the last trading day.

Pam and Russ Martens: Buffett isn't buying Fed's spin on big banks

Section: Daily Dispatches

By Pam and Russ Martens
Wall Street on Parade
Wednesday, August 26, 2020

At his press conference on June 10, Federal Reserve Chairman Jerome Powell said this about the U.S. banking system, which includes a little more than 5,000 federally insured banks but is dangerously concentrated in the hands of just five mega-banks on Wall Street.

Jim Rickards: Central banks mislead about gold to preserve their monopoly on money

Section: Daily Dispatches

11a ET Wednesday, August 26, 2020

Dear Friend of GATA and Gold:

Jim Rickards' new essay at The Daily Reckoning demolishes the most common disparagements about gold's monetary properties and explains why governments and financial elites hate gold and strive to mislead the world about it.

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