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Daily Dispatches
We're beating the bad guys, so will you help?
Submitted by cpowell on Sun, 2020-07-26 12:57 Section: Daily Dispatches12:55p ET Sunday, July 26, 2020
Dear Friend of GATA and Gold:
While the bad guys -- the government-underwritten riggers of the gold market -- are not going away quietly, they're on the run now, in large part because other governments and investors generally have come to understand the dishonest mechanisms and oppressive purposes of the Western fractional-reserve gold banking system.
Ed Steer's Saturday letter posted at SilverSeek
Submitted by cpowell on Sun, 2020-07-26 12:39 Section: Daily Dispatches12:39p ET Sunday, July 26, 2020
Dear Friend of GATA and Gold:
The Saturday edition of GATA board member Ed Steer's Gold and Silver Digest letter is posted in the clear at GoldSeek's companion site, SilverSeek, here:
https://silverseek.com/article/record-4425-million-oz-silver-added-all-e...
CHRIS POWELL, Secretary/Treasurer
China's move to buy Arctic gold mine draws fire in Canada
Submitted by cpowell on Sun, 2020-07-26 11:02 Section: Daily DispatchesBy Vipal Monga
The Wall Street Journal
Sunday, July 26, 2020
TORONTO -- The purchase of a gold mine in the Canadian Arctic by a state-run Chinese company is triggering alarms in Canada over China's expanding presence in a region that is growing in strategic importance for its shipping lanes and resources.
Sprott describes his metal investment strategy, calls silver 'the big play'
Submitted by cpowell on Sat, 2020-07-25 20:37 Section: Daily Dispatches8:41p ET Saturday, July 25, 2020
Dear Friend of GATA and Gold:
In his weekly interview with Craig Hemke of the TF Metals Report for Sprott Money, mining entrepreneur Eric Sprott covers some fascinating ground.
Among his observations:
-- The monetary metals mining shares underperformed metals prices this week, perhaps because the general equities market did not do so well.
We're beating the bad guys, so will you help us?
Submitted by cpowell on Fri, 2020-07-24 21:22 Section: Daily Dispatches9:19p ET Friday, July 24, 2020
Dear Friend of GATA and Gold:
While the bad guys -- the government-underwritten riggers of the gold market -- are not going away quietly, they're on the run now, in large part because other governments and investors generally have come to understand the dishonest mechanisms and oppressive purposes of the Western fractional-reserve gold banking system.
Trump administration says massive Alaska gold mine won't cause major harm
Submitted by cpowell on Fri, 2020-07-24 13:53 Section: Daily DispatchesBy Juliet Eilperin and Brady Dennis
The Washington Post
Friday, July 24, 2020
Trump administration officials will conclude today that a proposed gold and copper mine in Alaska -- which would be North America's largest -- would not pose serious environmental risks, a sharp reversal from a finding by the Obama administration that it would permanently harm the region's prized sockeye salmon.
'Pet rock' humiliated him but he's still skeptical about gold
Submitted by cpowell on Fri, 2020-07-24 13:17 Section: Daily DispatchesA Golden Rule from a Golden Fool
By Jason Zweig
The Wall Street Journal
Friday, July 24, 2020
https://www.wsj.com/articles/a-golden-rule-from-a-golden-fool-11595599207
Almost five years ago to the day, a market commentator with a prominent platform called gold "a pet rock." Since then gold has risen nearly 70%, hitting an all-time high this week.
Dollar at risk of collapse? Ex-IMF official warns 'blow-up event' could sink currency as debt mounts
Submitted by cpowell on Fri, 2020-07-24 00:54 Section: Daily DispatchesBy Karen Yeung
South China Morning Post, Hong Kong
Friday, July 24, 2020
New LME contract will slam 'paper gold,' foretell price 'reset,' Maguire says
Submitted by cpowell on Fri, 2020-07-24 00:20 Section: Daily Dispatches12:27a ET Friday, July 24, 2020
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, interviewed this week by the TF Metals Report's Craig Hemke for Sprott Money, says the London Metal Exchange soon will offer a gold contract much more closely tied to physical delivery than competing contracts, putting heavy pressure on the "paper gold" system.
Maguire also says:
No reliable demand data for silver, First Majestic's Neumeyer says, but world needs a lot more of the metal
Submitted by cpowell on Thu, 2020-07-23 23:07 Section: Daily Dispatches11:06p ET Thursday, July 23, 2020
Dear Friend of GATA and Gold:
Interviewed this week by Michael McCrae of Kitco News, First Majestic Silver CEO Keith Neumeyer celebrates silver's breakout and says there are no reliable demand figures for the metal, because industrial users fear that investors will front-run them even as demand for silver for "green" energy soars.
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