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Daily Dispatches
Alasdair Macleod: The reasoning behind gold's breakout
Submitted by cpowell on Thu, 2019-07-25 23:14 Section: Daily Dispatches11:12p 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
Submitted by cpowell on Thu, 2019-07-25 13:09 Section: Daily DispatchesIn 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
Submitted by cpowell on Thu, 2019-07-25 10:30 Section: Daily DispatchesBy 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
Submitted by cpowell on Wed, 2019-07-24 23:14 Section: Daily Dispatches11:10p 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
Submitted by cpowell on Wed, 2019-07-24 21:44 Section: Daily Dispatches9:43p 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
Submitted by cpowell on Wed, 2019-07-24 11:37 Section: Daily DispatchesBy 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.
Craig Hemke at Sprott Money: The U.S. debt ceiling illusion
Submitted by cpowell on Tue, 2019-07-23 20:52 Section: Daily Dispatches8:52p ET Tuesday, July 23, 2019
Dear Friend of GATA and Gold:
The U.S. government's "debt ceiling" is a fraud, the TF Metals Report's Craig Hemke writes tonight at Sprott Money, because it is no longer a fixed amount of indebtedness but rather a date after which incurring more debt is prohibited, a date that is routinely extended.
Silver is trading as it never has before, GATA chairman tells GoldSeek Radio
Submitted by cpowell on Mon, 2019-07-22 11:47 Section: Daily Dispatches11:45a ET Monday, July 22, 2019
Dear Friend of GATA and Gold:
Russia plans to rezone Europe's largest national park to develop gold mine
Submitted by cpowell on Sun, 2019-07-21 23:41 Section: Daily DispatchesBy Alec Luhn
The Telegraph, London
Sunday, July 21, 2019
MOSCOW -- Russian officials are planning to rezone the largest national park in Europe to allow gold mining in a move activists say could put all nature reserves here under threat.
FT's Martin Wolf: Who cares about the prices of useless metals and market rigging?
Submitted by cpowell on Sun, 2019-07-21 14:02 Section: Daily DispatchesNot the Financial Times, but central banks disagree.
* * *
2:15p ET Sunday, July 21, 2019
Dear Friend of GATA and Gold:
At least the Financial Times now has come clean about its hostility to gold -- as well as to free markets and elementary journalism.