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Daily Dispatches
Ted Butler: Falling into place
Submitted by cpowell on Mon, 2020-06-01 20:34 Section: Daily Dispatches8:35p ET Monday, June 1, 2020
Dear Friend of GATA and Gold:
Gold and silver markets breaking, London trader Maguire tells Arcadia Economics
Submitted by cpowell on Sat, 2020-05-30 21:28 Section: Daily Dispatches9:29p ET Saturday, May 30, 2020
Dear Friend of GATA and Gold:
Encouragement for monetary metals investors comes this weekend from two authoritative sources.
First, London metals trader Andrew Maguire, interviewed in two parts by Chris Marcus of Arcadia Economics, says the paper gold market broke down in March and the wholesale silver market is breaking down now as well:
Alasdair Macleod at KWN: The real reason why bullion banks are panicking
Submitted by cpowell on Sat, 2020-05-30 18:53 Section: Daily Dispatches6:54p ET Saturday, May 30, 2020
Dear Friend of GATA and Gold:
People rush into India's jewellers to buy gold as lockdown ends
Submitted by cpowell on Sat, 2020-05-30 17:19 Section: Daily DispatchesFrom Mathrubhumi
Kozhikode, Kerala, India
Thursday, May 21, 2020
KOCHI, India -- With the easing of lockdown, jewelleries were allowed to function in the state. As the shops opened after two months, a heavy rush was experienced everywhere.
Dave Kranzler: The Comex has big problems
Submitted by cpowell on Fri, 2020-05-29 13:37 Section: Daily Dispatches1:38p ET Friday, May 29, 2020
Dear Friend of GATA and Gold:
Reports that there is now a "glut" of gold in New York available for delivery against futures contracts there are probably double-counting gold that remains in London, Dave Kranzler of Investment Research Dynamics writes today.
U.S. money market funds waive fees to stave off negative returns
Submitted by cpowell on Fri, 2020-05-29 11:56 Section: Daily DispatchesBy Joe Rennison
Financial Times, London
Friday, May 29, 2020
U.S. asset managers are cutting the fees they charge for money market funds after the dramatic decline in yields on the short-term debt they rely on threatened to leave clients with negative returns.
Gold mining deals back on the agenda as coronavirus restrictions ease
Submitted by cpowell on Fri, 2020-05-29 11:37 Section: Daily DispatchesBy Zandi Shabalala and Jeff Lewis
Reuters
Friday, May 29, 2020
A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund managers said.
Ronald-Peter Stoferle and Mark Valek: The dawning of a golden decade
Submitted by cpowell on Thu, 2020-05-28 23:57 Section: Daily Dispatches11:55p ET Thursday, May 29, 2020
Dear Friend of GATA and Gold:
Incrementum's Ronald-Peter Stoferle and Mark Valek are back with another magisterial "In Gold We Trust" report, painstakingly outlining all the reasons the world should be experiencing what the report's title calls "The Dawning of a Golden Decade."
Bullion banks prepare Comex pullback after virus snarl
Submitted by cpowell on Thu, 2020-05-28 12:24 Section: Daily DispatchesBy Peter Hobson
Reuters
Thursday, May 28, 2020
LONDON -- Gold trading banks are preparing to significantly reduce their positions on CME Group's Comex exchange in New York, nine people familiar with the plans said, shifting more trading to London and raising costs for thousands of investors.
March ructions deter bullion banks from gold futures
Submitted by cpowell on Thu, 2020-05-28 10:55 Section: Daily DispatchesBy Henry Sanderson
Financial Times, London
Thursday, May 28, 2020
https://www.ft.com/content/550d909a-2c24-47f6-9233-a0723601dd10
Big bullion banks including HSBC have pulled back from trading gold futures after disruption in the market that flared up in the coronavirus crisis.
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