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Daily Dispatches
Mainstream news organization can't avoid a positive report about gold
Submitted by cpowell on Wed, 2020-08-05 19:43 Section: Daily DispatchesStunned by Gold's Record Rise? There's More to Come, Analysts Say
By Peter Hobson
Reuters
Wednesday, August 5, 2020
LONDON -- The speed at which gold has broken above $2,000 an ounce has left some in the market fearing a correction, but many analysts predict more gains as the coronavirus crisis spurs investors to buy into bullion's relative safety.
Goldman breaks with anti-gold cabal as physical vanquishes derivatives, Maguire tells Arcadia Economics
Submitted by cpowell on Wed, 2020-08-05 19:27 Section: Daily Dispatches7:32p ET Wednesday, August 5, 2020
Dear Friend of GATA and Gold:
Investment bank and "vampire squid" Goldman Sachs has broken with the cabal of gold price-suppressing investment banks and central banks and is maneuvering with other central banks so that physical demand for the monetary metals overwhelms the derivatives that have been holding them down.
Pam and Russ Martens: Wall Street banks that got biggest Fed bailouts long have been dogs to shareholders
Submitted by cpowell on Wed, 2020-08-05 14:01 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Wednesday, August 5, 2020
Jan Nieuwenhuijs: Switzerland has world's highest gold savings rate
Submitted by cpowell on Wed, 2020-08-05 13:32 Section: Daily Dispatches1:30p ET Wednesday, August 5, 2020
Dear Friend of GATA and Gold:
Switzerland's population likely has the highest per-capita gold savings rate in the world, with 920 tonnes in private hands and 1,040 tonnes held in Swiss central bank reserves, Voima Goldl researcher Jan Nieuwenhuijs reports this week. Combining the two totals makes 231 grams of gold per capita.
Craig Hemke: Collapsing real interest rates will keep driving gold higher
Submitted by cpowell on Wed, 2020-08-05 13:18 Section: Daily Dispatches1:20p ET Wednesday, August 5, 2020
Dear Friend of GATA and Gold:
Real interest rates are going negative, the TF Metals Report's Craig Hemke writes this week at Sprott Money, and will be the main driver of gold prices as the United States enters another period of "stagflation," like the period in the 1970s in which gold soared.
As dollar slides, some investors fret about its status as world's reserve currency
Submitted by cpowell on Wed, 2020-08-05 12:52 Section: Daily DispatchesBy Saqib Iqbal Ahmed
Reuters
Wednesday, August 5, 2020
NEW YORK -- Some investors are worried the U.S. response to the coronavirus pandemic is dealing a body blow to the dollar, potentially accelerating what has so far been a slow erosion in the greenback's status as the world's dominant reserve currency.
Pam and Russ Martens: The Fed has hidden the transactions of three emergency lending programs
Submitted by cpowell on Mon, 2020-08-03 11:13 Section: Daily DispatchesCorrecting the Wall Street on Parade link at the bottom.
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By Pam and Russ Martens
Wall Street on Parade
Monday, August 3, 2020
Shuli Ren: Gold can do what bonds can't in a super-low-rate world
Submitted by cpowell on Mon, 2020-08-03 10:45 Section: Daily DispatchesBy Shuli Ren
Bloomberg News
Monday, August 3, 2020
n the past decade, a traditional 60/40 portfolio of stocks and bonds, as represented by the S&P 500 index and long-term government bonds, was a winner. But with U.S. bond yields moving toward zero or even negative territory, it may be time to rethink that mix.
One thought: How about swapping out some bonds for gold?
Anthony Rowley: Why the U.S. dollar slide may be a sign of real danger this time
Submitted by cpowell on Sun, 2020-08-02 18:16 Section: Daily DispatchesBy Anthony Rowley
South China Morning Post, Hong Kong
Monday, August 3, 2020
https://www.scmp.com/comment/opinion/article/3095534/why-us-dollar-slide...
Sprott's weekly review praises GATA and Ted Butler
Submitted by cpowell on Sat, 2020-08-01 09:44 Section: Daily Dispatches9:44a ET Saturday, August 1, 2020
Dear Friend of GATA and Gold:
Reviewing the week in gold and silver with Craig Hemke for Sprott Money, mining entrepreneur Eric Sprott says investing increasingly is taking silver that ordinarily would be purchased for industrial use, driving the price up. Physical demand on the New York Commodities Exchange, Sprott says, has become "crazy."
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