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Daily Dispatches
Avery Goodman: Why gold prices are headed up now
Submitted by cpowell on Tue, 2016-02-23 19:50 Section: Daily Dispatches7:50p ET Tuesday, February 23, 2016
Dear Friend of GATA and Gold:
Negative rates, devaluations hasten 'commercial signal failure' in metals, Embry says
Submitted by cpowell on Tue, 2016-02-23 14:18 Section: Daily Dispatches2:15p ET Tuesday, February 23, 2016
Dear Friend of GATA and Gold:
Negative interest rates and currency devaluations are hastening a "commercial signal failure" in the monetary metals metals, Sprott Asset Management's John Embry tells King World News today. An excerpt from the interview is posted at KWN here:
Robert Appel: Technical analysis is just a weapon against the gold market
Submitted by cpowell on Tue, 2016-02-23 08:28 Section: Daily Dispatches8:25a ET Tuesday, February 23, 2016
Dear Friend of GATA and Gold:
Profit Confidential editor Robert Appel writes this week that the manipulation of the gold market by central banks is obvious and that such rigging turns ordinary technical analysis into a weapon against that market.
Gold hedging returns as Harmony, Acacia lock in profit margins
Submitted by cpowell on Tue, 2016-02-23 07:57 Section: Daily DispatchesBy Kevin Crowley
Bloomberg News
Tuesday, February 23, 2016
Harmony Gold Mining Co. and Acacia Mining Plc agreed to lock in profit margins at some of their African operations in a return to hedging strategies that undermined the industry during the metal's bull run in the 2000s.
Koos Jansen: GOFO and the gold wholesale market
Submitted by cpowell on Mon, 2016-02-22 21:36 Section: Daily Dispatches9:32p ET Monday, February 22, 2016
Dear Friend of GATA and Gold:
New York Sun: Ronald Reagan's gold
Submitted by cpowell on Mon, 2016-02-22 17:11 Section: Daily DispatchesFrom the New York Sun
Monday, February 22, 2016
Fed official warns on rush to 'government-only' U.S. money funds
Submitted by cpowell on Mon, 2016-02-22 16:17 Section: Daily DispatchesBy Jonathan Spicer
Reuters
Monday, February 22, 2016
NEW YORK -- The Federal Reserve's top markets official warned on Monday that a trend of U.S. money market firms converting funds from "prime" to "government-only" could be sharply reversed and harm the overall execution of policy when a new Fed tool is eventually dismantled.
GoldMoney's Turk sees potential for short squeeze in silver
Submitted by cpowell on Mon, 2016-02-22 16:08 Section: Daily Dispatches4:06p ET Monday, February 22, 2016
Dear Friend of GATA and Gold:
Longs and shorts alike are nervous about the option expirations in silver this week, GoldMoney founder and GATA consultant James Turk tells King World News today. The elements are present for a short squeeze in the metal, Turk says. An excerpt from the interview is posted at the KWN blog here:
Douglas Pollitt: Just 30 tonnes of gold can be troublesome these days
Submitted by cpowell on Sun, 2016-02-21 13:56 Section: Daily Dispatches1:55p ET Sunday, February 21, 2016
Dear Friend of GATA and Gold:
In his firm's market letter for February, Douglas Pollitt of Pollitt & Co. in Toronto notes what seem to be much tighter conditions in the market for physical gold and remarks that an order for even 30 tonnes of metal can seem troublesome these days.
Will next weekend bring 'the big reset'?
Submitted by cpowell on Sat, 2016-02-20 13:44 Section: Daily DispatchesWhy, According to One Bank, Massive Central Bank Intervention Is Imminent
From Zero Hedge, New York
Saturday, February 20, 2016
Any time the relative performance of global financials to U.S. Treasuries has stumbled as far as it has, as shown in the chart below, it has meant one thing -- a major central bank intervention was imminent.