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Daily Dispatches
Another BIS swap? Golden toilet stolen from Blenheim Palace
Submitted by cpowell on Sat, 2019-09-14 11:15 Section: Daily DispatchesMan, 66, Arrested After L1 Million Golden Toilet Stolen from Blenheim Palace
By Jamie Johnson
The Telegraph, London
Saturday, September 14, 2019
A L1 million solid gold toilet has been stolen from Blenheim Palace in an audacious overnight burglary, police said today.
China and Russia are buying gold and don't care what it costs
Submitted by cpowell on Fri, 2019-09-13 10:42 Section: Daily DispatchesBy Myra P. Saefong
MarketWatch.com, New York
Friday, September 13, 2019
Emerging markets have beefed up gold holdings, undeterred by prices near their highest levels in more than six years, as countries such as Russia and China diversify their foreign-exchange reserves—a trend that is likely to continue.
Ted Butler: The case for a silver explosion is stronger than ever
Submitted by cpowell on Thu, 2019-09-12 19:23 Section: Daily Dispatches7:22p ET Thursday, September 12, 2019
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler, interviewed today by Jim Cook of Investment Rarities, argues that the case for an explosion in the price of silver is stronger than ever.
Reuters exclusive: Morgan's head of gold trading put on leave amid probe
Submitted by cpowell on Thu, 2019-09-12 18:46 Section: Daily DispatchesTwo JPMorgan Metals Executives Put on Leave Amid U.S. Probe
By Peter Hobson, Lawrence Delevingne, and Koh Gui Qing
Reuters
Thursday, September 12, 2019
Two JPMorgan Chase & Co. employees, including a top metals trading executive, have been placed on leave in response to a U.S. criminal investigation into the bank's metals trading practices, according to a source familiar with the matter.
Paulson investor group tells miners to ignore gold price suppression by central banks
Submitted by cpowell on Thu, 2019-09-12 16:53 Section: Daily DispatchesPaulson's Gold Investor Group Urges Deals, Costs Purge
By Jeff Lewis
Reuters
Thursday, September 12, 2019
Gold bull John Paulson's investor coalition today urged the world's largest gold miners to immediately cut what it called excessive governance and administrative costs and said smaller rivals should pursue no-premium mergers to boost shareholder returns.
Another big reason to join GATA in New Orleans: Real Vision's Grant Williams
Submitted by cpowell on Thu, 2019-09-12 12:00 Section: Daily Dispatches12:01p ET Thursday, September 12, 2019
Dear Friend of GATA and Gold:
Here's another big reason to join GATA at the New Orleans Investment Conference during the first four days in November.
Market analyst, financial letter writer, fund manager, and Real Vision co-founder Grant Williams has just been added to the speaker lineup.
As monetary metals price suppression fails, you'll want The Calandra Report
Submitted by cpowell on Thu, 2019-09-12 11:53 Section: Daily Dispatches11:51a ET Thursday, September 12, 2019
Dear Friend of GATA and Gold:
With infinite money and currency devaluation now being the policy of many central banks, the prospects for the monetary metals mining industry will be spectacular as central bank commodity price suppression policy fails from exposure by GATA and others.
ECB pushes rates more negative, plans lots more asset purchases
Submitted by cpowell on Thu, 2019-09-12 11:25 Section: Daily DispatchesECB Promises Stimulus Buys 'As Long As Necessary'
By Balazs Koranyi and Francesco Canepa
Reuters
Thursday, September 12, 2019
FRANKFURT, Germany -- The European Central Bank today promised an indefinite supply of fresh asset purchases and cut interest rates deeper into negative territory, an effort to prop up the ailing euro zone economy that was cheered by financial markets.
Trump urges zero or negative interest rates to tackle U.S. debt
Submitted by cpowell on Wed, 2019-09-11 09:15 Section: Daily DispatchesSo the game is in plain view now: Free and infinite money to devalue the debt away, accompanied by more commodity price suppression and destruction of markets so the public and investors don't catch on too fast and try to abandon government currencies altogether.
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From Reuters
Wednesday, September 10, 2019
Ed Steer: Another brazen attack on all four precious metals
Submitted by cpowell on Mon, 2019-09-09 19:29 Section: Daily Dispatches7:30p ET Monday, September 9, 2019
Dear Friend of GATA and Gold:
GATA board member Ed Steer's Gold & Silver Digest letter for Saturday, headlined "Another Brazen Attack on All Four Precious Metals," has been posted in the clear at GoldSeek here:
http://news.goldseek.com/GoldSeek/1568053308.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org