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Daily Dispatches
Record Turkish gold production is all headed for the central bank
Submitted by cpowell on Mon, 2020-08-24 11:12 Section: Daily DispatchesBy Ercan Ersoy
Bloomberg News
Monday, August 24, 2020
Turkey is poised to produce a record amount of gold this year and the central bank will probably buy all of it -- at prices near record highs.
Nick Barisheff: Nothing wrong with a portfolio that is entirely bullion
Submitted by cpowell on Sun, 2020-08-23 20:56 Section: Daily Dispatches9p ET Sunday, August 24, 2020
Dear Friend of GATA and Gold:
In his new essay, the CEO of bullion fund manager BMG Group, Nick Barisheff, recounts his long struggle with not only the Ontario Securities Commission but also financial advisers and gold and silver mining companies to gain support for his company's gold and silver bullion funds.
... Dispatch continues below ...
Bloomberg notes but fails to question gold and silver ETF vaulting issues
Submitted by cpowell on Sun, 2020-08-23 10:51 Section: Daily DispatchesGold Fever in 2020 Means Exchange-Traded Funds
By Jack Farchy and Eddie Spence
Bloomberg News
Sunday, August 23, 2020
In the 19th century California gold rush, the surest way to a fortune, according to Mark Twain, was to be in the “pick and shovel business.”
If 2020 gold fever has an equivalent, it's the ETF business.
Trump set to block controversial Alaska gold mine, Politico says
Submitted by cpowell on Sat, 2020-08-22 15:31 Section: Daily DispatchesBy Zack Colman and Alex Guillen
Politico, Arlington, Virgnia
Saturday, August 22, 2020
The Trump administration is planning to block the proposed Pebble Mine in Alaska early next week, six people familiar with the plans told Politico, marking a surprise reversal that could be the death knell for the massive copper and gold project.
Michael P. Regan: A love letter to the Fed from the adoring stock market
Submitted by cpowell on Sat, 2020-08-22 11:06 Section: Daily DispatchesBy Michael P. Regan
Bloomberg Businessweek, New York
Friday, August 21, 2020
Dear Fed,
Hey there! It's me, the stock market. I know it's weird to write you like this, but I felt like I needed to drop a quick thank-you note for everything you've done for me this year.
Sprott 'disgusted' with market-rigging Scotiabank and 'loser' CFTC
Submitted by cpowell on Fri, 2020-08-21 22:03 Section: Daily Dispatches10:06p ET Friday, August 21, 2020
Dear Friend of GATA and Gold:
Mining entrepreneur Eric Sprott, in his weekly market review with Craig Hemke for Sprott Money, says he is "disgusted" with Scotiabank on account of the bank's being heavily fined this week for rigging the gold and silver markets.
John Kim: When will the prosecution of JPMorganChase spoofer John Edmonds ever get somewhere?
Submitted by cpowell on Fri, 2020-08-21 20:09 Section: Daily Dispatches8p ET Friday, August 21, 2020
Dear Friend of GATA and Gold:
New Orleans Investment Conference goes 'virtual' but stays intimate
Submitted by cpowell on Fri, 2020-08-21 12:26 Section: Daily Dispatches12:21p ET Friday, August 21, 2020
Dear Friend of GATA and Gold:
Former Fed staffers urge Senate to reject Shelton nomination
Submitted by cpowell on Fri, 2020-08-21 11:28 Section: Daily DispatchesIf Shelton is such a threat to the financial establishment, this may be the strongest reason yet for the Senate to confirm her.
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By Jonnelle Marte
Reuters
Thursday, August 20, 2020
Colombia sold two-thirds of its gold in June just before a record high
Submitted by cpowell on Fri, 2020-08-21 10:50 Section: Daily DispatchesAnother rich country insisting on being poor helps those central banks that are trying to keep the gold price down.
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By Oscar Medina
Bloomberg News
Thursday, August 20, 2020
Colombia sold two-thirds of its gold reserves in a single month just as investors seeking havens against global turmoil were about to drive the metal to a record high.
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