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Daily Dispatches
USAGold's 'News & Views': Gold is tops this year and long beats holding dollars
Submitted by cpowell on Sun, 2020-08-09 22:22 Section: Daily Dispatches10p ET Sunday, August 9, 2020
Dear Friend of GATA and Gold:
USAGold's August "News & Views" letter notes that gold is performing better than all other assets this year and has held value even as the U.S. dollar has been devaluing for decades. The newsletter is posted in the clear at USAGold here:
https://www.usagold.com/cpmforum/nv1021august2020/
CHRIS POWELL, Secretary/Treasurer
New York Sun: Times says 'We're all gold bugs now'
Submitted by cpowell on Sun, 2020-08-09 21:36 Section: Daily DispatchesFrom The New York Sun
Sunday, August 9, 2020
Perth Mint probe finds no serious misconduct in overseas gold scandal
Submitted by cpowell on Sun, 2020-08-09 21:28 Section: Daily DispatchesBy Jarrod Lucas
Australian Broadcasting Corp., Sydney
Monday, August 10, 2020
An investigation into the purchasing practices of the Perth Mint has not found any examples of serious misconduct by the state government-owned metal refiner.
Goldseek posts Friday edition of GATA board member Ed Steer's Gold & Silver Digest
Submitted by cpowell on Sun, 2020-08-09 11:28 Section: Daily Dispatches11:27a ET Sunday, August 9, 2020
Dear Friend of GATA and Gold:
Friday's edition of GATA board member Ed Steer's Gold & Silver Digest letter, headlined "The Big 8 Are Still Mega-Short Silver and Gold," is posted in the clear at GoldSeek here:
https://goldseek.com/article/big-8-are-still-mega-short-silver-and-gold
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Platinum mining giant South Africa forced by virus to look into abyss
Submitted by cpowell on Sun, 2020-08-09 10:55 Section: Daily DispatchesBy Felix Njini and Elena Mazneva
Bloomberg News
Sunday, August 9, 2020
South Africa's gold industry has been dying slowly for years. As the coronavirus undercuts the already fragile case for investment, its platinum mines may be next.
Bullion banks losing billions on shorting gold futures, GoldMoney's Macleod tells KWN
Submitted by cpowell on Sat, 2020-08-08 14:04 Section: Daily Dispatches2p ET Saturday, August 8, 2020
Dear Friend of GATA and Gold:
Futures market data, GoldMoney research director Alasdair Macleod tells King World News, shows that bullion banks and hedge funds have incurred billions of dollars in losses by being short gold as the price has risen lately. Macleod's data and comments are posted at KWN here:
No, the world isn't rushing into gold (yet), Metalla Royalty's E.B. Tucker tells Kitco News
Submitted by cpowell on Sat, 2020-08-08 13:56 Section: Daily Dispatches1:55p ET Saturday, August 8, 2020
Dear Friend of GATA and Gold:
Ted Butler: Watch out when investment demand collides with industrial demand for silver
Submitted by cpowell on Sat, 2020-08-08 13:08 Section: Daily Dispatches1:08p ET Saturday, August 8, 2020
Dear Friend of GATA and Gold:
Silver market analyst and manipulation whistleblower Ted Butler writes that the metal's vast industrial applications and myriad users will make it impossible for its price to be suppressed forever. Indeed, Butler writes, if industrial demand ever collides with new investment demand, a buying panic could result.
Butler, Macleod, and GATA lauded by Eric Sprott in weekly review with Craig Hemke
Submitted by cpowell on Fri, 2020-08-07 16:11 Section: Daily Dispatches4:08p ET Friday, August 7, 2020
Dear Friend of GATA and Gold:
In his weekly review with the TF Metals Report's Craig Hemke at Sprott Money, mining entrepreneur Eric Sprott marvels at the recent explosion in gold and silver prices. He says that last week for the first time in history the bullion banks were covering their short positions in monetary metals futures contracts.
Hong Kong's wealthy move gold out of city on security law fears
Submitted by cpowell on Fri, 2020-08-07 15:10 Section: Daily DispatchesBy Primrose Riordan
Financial Times, London
Friday, August 7, 2020
Hong Kong's wealthy are moving increasing amounts of their gold out of the financial hub after Beijing imposed a new national security law on the city last month, dealers in the precious metal say.
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