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Daily Dispatches

BMG's Brandon White: Confession by ex-Morgan trader vindicates GATA

Section: Daily Dispatches

9:41p Friday, November 9, 2018

Dear Friend of GATA and Gold:

Brandon White of bullion dealer BMG in Canada, commenting in his "This Week in 3 Minutes" video, remarks that this week's confession to gold and silver market rigging by a former trader for JPMorganChase --

http://www.gata.org/node/18598

-- is vindication for GATA.

Deutsche, other bullion banks seeking insurance with physical gold, Maguire tells KWN

Section: Daily Dispatches

12:07p ET Friday, November 9, 2018

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire, interviewed today by King World News, says Deutsche Bank and other bullion banks are buying large amounts of physical gold in pursuit of insurance against the bursting of market bubbles that were inflated in part by shorting gold. Maguire's interview is excerpted at KWN here:

Big investors sue 16 banks in U.S. over currency market rigging

Section: Daily Dispatches

By Jonathan Stempel
Reuters
Wednesday, November 7, 2018

NEW YORK -- A group of large institutional investors including BlackRock Inc. and Allianz SE's Pacific Investment Management Co. has sued 16 major banks, accusing them of rigging prices in the roughly $5.1 trillion-a-day foreign exchange market.

Bank of England stalls return of Venezuela's gold

Section: Daily Dispatches

This should clean out the rest of the Bank of England's custodial gold PDQ.

* * *

Maduro Scrambles to Bring Venezuela's Gold Back from the UK

By Stephen Gibbs
The Times, London
Wednesday, November 7, 2018

Ted Butler: A crack in the dike

Section: Daily Dispatches

10:32a ET Thursday, November 8, 2018

Dear Friend of GATA and Gold:

Dumping the dollar, Iran and South Korea agree to cross-currency trade

Section: Daily Dispatches

From Russia Today, Moscow
Wednesday, November 7, 2018

South Korea and Iran have agreed to switch to national currencies in trade exchanges as the sides aim to strengthen relations despite the U.S. sanctions on Tehran.

The agreement is of great importance to both countries, Yonhap News Agency reported, explaining that the deal indicated Korea's concerns about relations with Iran.

Ex-Morgan trader pleads guilty to rigging monetary metals, implicates supervisors at bank

Section: Daily Dispatches

How did that "exhaustive" investigation of the silver market by the U.S. Commodities Futures Trading Commission miss this? How will the World Gold Council and most monetary metals mining companies continue to miss it? How many more anti-trust lawsuits will this prompt? Anybody seen Blythe Masters lately?

* * *

Craig Hemke at Sprott Money: Into year-end with gold and silver

Section: Daily Dispatches

5:58p ET Tuesday, November 6, 2018

Dear Friend of GATA and Gold:

Writing today at Sprott Money, the TF Metals Report's Craig Hemke analyzes why gold and silver have failed to fulfill expectations this year but adds why he thinks they could recover by the end of the year. Hemke's analysis is headlined "Into Year-End with Gold and Silver" and it's posted at Sprott Money here:

Energy cost of 'mining' bitcoin is more than twice that of gold

Section: Daily Dispatches

By Alex Hern
The Guardian, London
Monday, November, 5, 2018

The amount of energy required to "mine" one dollar's worth of bitcoin is more than twice that required to mine the same value of copper, gold, or platinum, according to a new paper, suggesting that the virtual work that underpins bitcoin, ethereum, and similar projects is more similar to real mining than anyone intended.

Bill Murphy: GATA's past and the future of gold and silver

Section: Daily Dispatches

Remarks by Bill Murphy, Chairman
Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Friday, November 2, 2018

Thanks for taking the time to come by on a bustling Friday night in New Orleans.

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