You are here
Daily Dispatches
We're beating the bad guys, so will you help us?
Submitted by cpowell on Fri, 2020-07-24 21:22 Section: Daily Dispatches9:19p ET Friday, July 24, 2020
Dear Friend of GATA and Gold:
While the bad guys -- the government-underwritten riggers of the gold market -- are not going away quietly, they're on the run now, in large part because other governments and investors generally have come to understand the dishonest mechanisms and oppressive purposes of the Western fractional-reserve gold banking system.
Trump administration says massive Alaska gold mine won't cause major harm
Submitted by cpowell on Fri, 2020-07-24 13:53 Section: Daily DispatchesBy Juliet Eilperin and Brady Dennis
The Washington Post
Friday, July 24, 2020
Trump administration officials will conclude today that a proposed gold and copper mine in Alaska -- which would be North America's largest -- would not pose serious environmental risks, a sharp reversal from a finding by the Obama administration that it would permanently harm the region's prized sockeye salmon.
'Pet rock' humiliated him but he's still skeptical about gold
Submitted by cpowell on Fri, 2020-07-24 13:17 Section: Daily DispatchesA Golden Rule from a Golden Fool
By Jason Zweig
The Wall Street Journal
Friday, July 24, 2020
https://www.wsj.com/articles/a-golden-rule-from-a-golden-fool-11595599207
Almost five years ago to the day, a market commentator with a prominent platform called gold "a pet rock." Since then gold has risen nearly 70%, hitting an all-time high this week.
Dollar at risk of collapse? Ex-IMF official warns 'blow-up event' could sink currency as debt mounts
Submitted by cpowell on Fri, 2020-07-24 00:54 Section: Daily DispatchesBy Karen Yeung
South China Morning Post, Hong Kong
Friday, July 24, 2020
New LME contract will slam 'paper gold,' foretell price 'reset,' Maguire says
Submitted by cpowell on Fri, 2020-07-24 00:20 Section: Daily Dispatches12:27a ET Friday, July 24, 2020
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, interviewed this week by the TF Metals Report's Craig Hemke for Sprott Money, says the London Metal Exchange soon will offer a gold contract much more closely tied to physical delivery than competing contracts, putting heavy pressure on the "paper gold" system.
Maguire also says:
No reliable demand data for silver, First Majestic's Neumeyer says, but world needs a lot more of the metal
Submitted by cpowell on Thu, 2020-07-23 23:07 Section: Daily Dispatches11:06p ET Thursday, July 23, 2020
Dear Friend of GATA and Gold:
Interviewed this week by Michael McCrae of Kitco News, First Majestic Silver CEO Keith Neumeyer celebrates silver's breakout and says there are no reliable demand figures for the metal, because industrial users fear that investors will front-run them even as demand for silver for "green" energy soars.
Ronan Manly: Gold and silver canaries are soaring out of the financial coal mine
Submitted by cpowell on Thu, 2020-07-23 20:50 Section: Daily Dispatches8:50p ET Thursday, July 23, 2020
Dear Friend of GATA and Gold:
Treasury secretary says U.S. will protect dollar's reserve status
Submitted by cpowell on Thu, 2020-07-23 18:26 Section: Daily Dispatches'We Want a Stable Dollar,' Treasury Secretary Mnuchin Says
By Mark DeCambre
MarketWatch, New York
Thursday, July 23, 2020
Treasury Secretary Steven Mnuchin says that a stable U.S. dollar is the goal of the Trump administration, while, separately, noting that some froth was percolating in the stock market, which has surged since its coronavirus lows seen in late March.
We're beating the bad guys, so will you help us?
Submitted by cpowell on Thu, 2020-07-23 11:06 Section: Daily Dispatches11:07a ET Thursday, July 23, 2020
Dear Friend of GATA and Gold:
While the bad guys -- the government-underwritten riggers of the gold market -- are not going away quietly, they're on the run now, in large part because other governments and investors generally have come to understand the dishonest mechanisms and oppressive purposes of the Western fractional-reserve gold banking system.
Battered U.S. dollar 'hanging by a thread' as virus cases grow
Submitted by cpowell on Thu, 2020-07-23 10:13 Section: Daily DispatchesBy Gertrude Chavez-Dreyfuss
Reuters
Wednesday, July 22, 2020
NEW YORK -- A steady decline in the dollar has accelerated in recent weeks as a resurgent coronavirus outbreak in the United States and improving economic prospects abroad sour investors on the currency.
Pages
