Daily Dispatches

1:53p ET Monday, April 8, 2019

Dear Friend of GATA and Gold:

GoldMoney founder James Turk, interviewed today by King World News, says the monetary metals weathered pretty well the most recent usual option-expiry smashdown in the paper markets. With silver trading in backwardation, Turk says, this month's option expiration would be surprising. His comments are excerpted at KWN here:

'Peak gold' makes no difference when the mining industry doesn't mind that there's no 'peak paper.'

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By Gabriel Friedman
National Post, Toronto
Monday, April 8, 2019

After helping to build what was once the most valuable gold mining company in the world, Goldcorp Inc. chairman Ian Telfer is planning to exit on a low-note -- albeit $12 million richer.

Fed May Bow to Trump's Call for Rate Cuts If Inflation Softens

By Rich Miller
Bloomberg News
Sunday, April 7, 2019

With his call for lower interest rates, President Donald Trump has weighed into a debate inside the Federal Reserve about what central bankers should do about sub-par inflation. It’s not totally crazy to think he’ll eventually carry the day.

China Is on a Big Gold-Buying Spree

By Ranjeetha Pakiam
Bloomberg News
Sunday, April 7, 2019

China is on a bullion-buying spree. The world's second-largest economy expanded its gold reserves for the fourth straight month, adding to optimism that central banks globally will continue to build holdings.