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Daily Dispatches
Craig Hemke at Sprott Money: Where have all the Comex specs gone?
Submitted by cpowell on Tue, 2020-05-05 23:34 Section: Daily Dispatches11:34p ET Tuesday, May 5, 2020
Dear Friend of GATA and Gold:
Comex gold and silver open interest is collapsing, especially among speculators, while demands for delivery on Comex contracts are soaring, the TF Metals Report's Craig Hemke writes today at Sprott Money.
Hedge funds bet on gold as refuge from 'unfettered' currency printing
Submitted by cpowell on Mon, 2020-05-04 23:57 Section: Daily DispatchesBy Laurence Fletcher and Henry Sanderson
Financial Times, London
Tuesday, May 5, 2020
Some of the largest hedge funds are raising their bets on gold, forecasting that central banks' unprecedented responses to the coronavirus crisis will lead to devaluations of major currencies.
Swiss gold refineries reopen as virus lockdown eases
Submitted by cpowell on Mon, 2020-05-04 22:33 Section: Daily DispatchesBy Peter Hobson
Reuters
Monday, May 4, 2020
LONDON -- Two of the world's biggest gold refiners, Valcambi and Argor-Heraeus, are restoring almost all operations after Switzerland relaxed coronavirus lockdown measures, they said today.
John Foley: America could actually shirk its debts to China
Submitted by cpowell on Mon, 2020-05-04 22:04 Section: Daily DispatchesBy John Foley
Reuters
Monday, May 4, 2020
NEW YORK -- With all the economic damage China wrought by covering up Covid-19's spread, why should Uncle Sam pay back the $1.1 trillion it owes the People's Republic?
Iran's parliament backs move to remove 4 zeros from its currency
Submitted by cpowell on Mon, 2020-05-04 21:42 Section: Daily DispatchesBy Najmeh Bozorgmehr
Financial Times, London
Monday, May 4, 2020
Iran's parliament has backed government plans to slash four zeros from the country's currency, the rial, which has been battered by a fall in value as a result of US sanctions.
India's gold imports fell by 99.5% in April
Submitted by cpowell on Mon, 2020-05-04 10:20 Section: Daily DispatchesBy Shruti Srivastava and Swansy Afonso
Bloomberg News
Monday, May 4, 2020
India, the world's biggest consumer of gold after China, imported its lowest monthly volumes in at least a decade after curbs to control the coronavirus pandemic grounded air transport and shuttered jewelry stores.
Gold bars fight Covid kits for space on the plane
Submitted by cpowell on Sun, 2020-05-03 12:43 Section: Daily DispatchesBy Elena Mazneva, Justina Vasquez, and Ranjeetha Pakiam
Bloomberg News
Sunday, May 3, 2020
Swiss refiner Valcambi SA tried for five straight days last month to move a shipment of gold out of Hong Kong. Twice the metal was packed carefully onto a plane, only to be offloaded again.
GATA supporters have a special connection to The Calandra Report
Submitted by cpowell on Sat, 2020-05-02 22:11 Section: Daily DispatchesSubscribe at a discount this weekend, gain insights about gold and silver miners, make money, and help GATA.
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10:10p ET Saturday, May 2, 2020
Dear Friend of GATA and Gold:
Britain is facing a gold rush as the price doubles in five years
Submitted by cpowell on Sat, 2020-05-02 22:06 Section: Daily DispatchesBy Tom Ball
The Times, London
Saturday, May 2, 2020
When gold was first found in California it provoked a frenzy that pushed avaricious Americans to abandon their families and reshaped the United States.
Bill Stack: The gold vs. paper breakout
Submitted by cpowell on Sat, 2020-05-02 21:59 Section: Daily DispatchesBy Bill Stack
U.S. Gold Bureau, Leander, Texas
Thursday, April 30, 2020
Gold seems to be breaking away from what has held it back for years -- its lighter, paper cousin.
There has been a developing disconnect lately between the price of actual gold (atomic symbol Au), and the price of paper that represents gold.
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