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Daily Dispatches
China's Zijin Mining to buy Guyana Goldfields for $238 million
Submitted by cpowell on Fri, 2020-06-12 10:37 Section: Daily DispatchesBy Tom Daly
Reuters
Friday, June 12, 2020
BEIJING -- China's Zijin Mining said today it would acquire Guyana Goldfields for C$323 million ($238 million), bringing an end to a protracted takeover battle for the Canada-listed gold miner.
The gold-silver ratio throughout history -- a great study by SDBullion
Submitted by cpowell on Wed, 2020-06-10 14:27 Section: Daily Dispatches2:28p ET Wednesday, June 9, 2020
Dear Friend of GATA and Gold:
The people at SDBullion in Ottawa Lake, Michigan, today published a magisterial study of the gold-silver ratio throughout history. It comes with an amazing chart tracking the ratio back to 1862 during the U.S. Civil War. The data suggests that silver should do well in the days ahead.
Pam and Russ Martens: The Fed just pulled off another backdoor bailout of Wall Street
Submitted by cpowell on Wed, 2020-06-10 13:42 Section: Daily DispatchesBy Russ and Pam Martens
Wall Street on Parade
Wednesday, June 9, 2020
The Federal Reserve has authorized 11 financial bailout programs thus far. Despite Fed Chairman Jerome Powell's reassurances at his press conferences that these programs are to help American families, a full 10 of these programs are actually bailouts of Wall Street banks or their trading units.
Craig Hemke at Sprott Money: Clearing the Comex decks
Submitted by cpowell on Tue, 2020-06-09 22:39 Section: Daily Dispatches10:40p ET Tuesday, June 9, 2020
Dear Friend of GATA and Gold:
Positions of both speculators and bullion banks in gold futures contracts on the New York Commodities Exchange have been steadily declining, the TF Metals Report's Craig Hemke writes tonight at Sprott Money.
Pam and Russ Martens: Investors were blocked from fund withdrawals months before virus pandemic
Submitted by cpowell on Tue, 2020-06-09 11:50 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Monday, June 8, 2020
Jan Nieuwenhuijs: It's unlikely China vaults gold at the New York Fed
Submitted by cpowell on Tue, 2020-06-09 11:41 Section: Daily Dispatches11:40a ET Tuesday, June 9, 2020
Dear Friend of GATA and Gold:
Does China store gold at the Federal Reserve Bank of New York?
Voima Gold researcher Jan Nieuwenhuijs today addresses the question and concludes that such storage is highly unlikely.
GoldSeek posts Monday's edition of Ed Steer's Gold & Silver Digest
Submitted by cpowell on Tue, 2020-06-09 10:56 Section: Daily Dispatches10:55a ET Tuesday, June 9, 2020
Dear Friend of GATA and Gold:
The Monday edition of GATA board member Ed Steer's Gold & Silver Digest letter, headlined "'An Intent and Deliberateness' in the Precious Metals This Past Week," is posted in the clear at GoldSeek here:
http://news.goldseek.com/GoldSeek/1591622882.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Stephen Roach: A crash in the dollar is coming
Submitted by cpowell on Tue, 2020-06-09 00:21 Section: Daily DispatchesThe author is an economist, senior fellow at Yale University's Jackson Institute for Global Affairs, and a senior lecturer at the Yale School of Management. He was formerly chairman of Morgan Stanley Asia and chief economist at Morgan Stanley, the New York-based investment bank.
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By Stephen Roach
Bloomberg News
Monday, June 8, 2020
James Turk at KWN: What just happened in the gold market is no accident
Submitted by cpowell on Mon, 2020-06-08 11:44 Section: Daily Dispatches11:45a ET Monday, June 8, 2020
Dear Friend of GATA and Gold:
GoldMoney founder James Turk notes today in commentary at King World News that the price of gold was pushed down to $1,680 just prior to the April and June meetings of the Federal Reserve's Open Market Committee, and he thinks this is no coincidence.
USAGold's 'News & Views': Inflation may not be dead; gold demand strong
Submitted by cpowell on Mon, 2020-06-08 10:24 Section: Daily Dispatches10:25a ET Monday, June 8, 2020
Dear Friend of GATA and Gold:
USAGold's June "News & Views" newsletter challenges the prevailing market opinion that deflation will be ruling the world and that inflation is finished.
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