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Daily Dispatches

Trump administration hopes it can just talk dollar down

Section: Daily Dispatches

Trump Decides Against Currency Intervention After Meeting About Ways to Weaken Dollar

By Kayla Tausche
CNBC, New York
Friday, July 26, 2019

President Donald Trump has decided not to intervene in U.S. currency markets after convening Cabinet officials and top level economic advisors Tuesday to discuss the issue, according to Larry Kudlow and two other people familiar with the meeting.

Central banks let gold market coordination pact expire without replacement

Section: Daily Dispatches

10:37a ET Friday, July 26, 2019

Dear Friend of GATA and Gold:

Today the European Central Bank announced the expiration without replacement of the latest central bank gold agreement. The ECB's announcement is appended.

What does it mean?

Shrugging off rising tensions, China's largest gold miner opens office in Toronto

Section: Daily Dispatches

By Gabriel Friedman
National Post, Toronto
Thursday, July 25, 2019

At a time when Sino-Canadian diplomatic tensions run high, China’s largest gold miner, Shandong Gold Group Co., Ltd. gathered several dozen bankers, lawyers, local mining executives and media at a downtown Toronto hotel to celebrate the company’s new Bay Street office.

Former trader for Scotia Capital, Bear Stearns confesses to 'spoofing' monetary metals

Section: Daily Dispatches

Ex-Scotia Capital, Bear Stearns Precious Metals Trader Pleads Guilty, Will Cooperate with Feds in 'Spoofing' Probe

By Dave Mangan
CNBC, New York
Thursday, July 25, 2019

https://www.cnbc.com/2019/07/25/ex-scotia-capital-bear-stears-metals-tra...

Alasdair Macleod: The reasoning behind gold's breakout

Section: Daily Dispatches

11:12p ET Thursday, July 25, 2019

Dear Friend of GATA and Gold:

In his new essay, "The Reasoning Behind Gold's Breakout," GoldMoney research director Alasdair Macleod delightfully explodes eight of the common myths about gold, myths tightly held by investment fund managers:

-- Gold is no longer money.

-- Gold doesn't pay interest.

-- Gold is expensive to store and insure.

CFTC settles charges against former JPM metals market manipulator Edmonds

Section: Daily Dispatches

In CFTC Actions, Two Former Precious Metals Traders Admit to Engaging in Spoofing and Manipulation at New York Banks

From the Commodity Futures Trading Commission
Thursday, July 25, 2019

Chinese firms to build gold smelter and refineries in Tanzania

Section: Daily Dispatches

By Fumbuka Ng'wanakilala
Reuters
Wednesday, July 24, 2019

DAR ES SALAAM, Tanzania -- Tanzania said on Wednesday it had awarded licences for the construction of a mineral smelter and two gold refineries to Chinese firms, as part of government efforts to generate more revenues from the nation’s mining industry.

Four gold advocates discuss gold's prospects with Phil Kennedy on YouTube

Section: Daily Dispatches

11:10p ET Wednesday, July 24, 2019

Dear Friend of GATA and Gold:

11p ET Wednesday, July 25, 2019

Dear Friend of GATA and Gold:

Four great gold advocates were brought together on YouTube today by Phil Kennedy of Kennedy Financial to discuss the gold market and the monetary metal's prospects against governments and central banks:

-- GATA Chairman Bill Murphy.

Chris Marcus: Silver crashed in 2008 as JPM exceeded position limits

Section: Daily Dispatches

9:43p ET Wednesday, July 24, 2019

Dear Friend of GATA and Gold:
9:42p ET Wednesday, July 24, 2019

Dear Friend of GATA and Gold:

Ghana's wildcat gold miners are doomed by their toxic trade

Section: Daily Dispatches

By Tim Cocks and David Lewis
Reuters
Wednesday, July 24, 2019

BAWDIE, Ghana -- A few years after coming as a teenager to this Ghanaian town to prospect for gold, Yaw Ngoha had made enough cash to marry his sweetheart and build a house with a porch, to which he would later add a flat-screen TV and satellite dish.

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