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Daily Dispatches
Jim Sinclair and John Kim: Crippling the world economy saved the financial system
Submitted by cpowell on Mon, 2020-05-11 14:19 Section: Daily Dispatches2:27p ET Monday, May 11, 2020
Dear Friend of GATA and Gold:
Two of the gold sector's top minds, mining entrepreneur Jim Sinclair and financial analyst John Kim, today make similarly unorthodox observations about the financial markets and the worldwide virus epidemic.
Pam and Russ Martens: Meet the Fed's global Plunge Protection Team
Submitted by cpowell on Sun, 2020-05-10 21:31 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Sunday, May 10, 2020
USA Gold's 'News & Views' letter: Inflation or deflation? Gold doesn't care
Submitted by cpowell on Sun, 2020-05-10 19:22 Section: Daily Dispatches7:22p ET Sunday, May 10, 2020
Dear Friend of GATA and Gold:
"Gold In the Year of the Pandemic" is the headline on the May issue of USA Gold's "News & Views" letter, which summarizes the high expectations for gold expressed by some "smart money" people. But maybe the letter's smartest observation is simply: "Inflation or deflation? Gold doesn't care."
'Rigged' author Stuart Englert interviewed by Phil Kennedy
Submitted by cpowell on Sat, 2020-05-09 11:44 Section: Daily Dispatches11:46a Saturday, May 9, 2020
Dear Friend of GATA and Gold:
Cash havens with $4.8 trillion fret about the unthinkable: negative returns
Submitted by cpowell on Fri, 2020-05-08 11:05 Section: Daily DispatchesBy Maria Elena Vizcaino, Alex Harris, and Emily Barrett
Bloomberg News
Friday, May 8, 2020
Money-market mutual funds, the ultimate havens for investors looking to preserve capital, once again are trying to maneuver in a zero interest-rate environment. The problem this time? They're sitting on twice as much cash.
China's Shandong Gold to buy Canada's TMAC Resources for $165 million
Submitted by cpowell on Fri, 2020-05-08 10:55 Section: Daily DispatchesBy Tom Daly
Reuters
Friday, May 8, 2020
BEIJING -- Shandong Gold Mining, one of China's biggest gold producers, said today it had entered into an agreement to acquire Toronto-listed TMAC Resources for around C$230 million ($164.89 million).
Alasdair Macleod: Time to learn about money
Submitted by cpowell on Thu, 2020-05-07 15:44 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, May 7, 2020
An unexpected destruction of fiat currency has been advanced by the monetary and fiscal response to the coronavirus. Financial markets have yet to discount the possibility of such an outcome, but in the coming months they are likely to awaken to this danger.
Craig Hemke at Sprott Money: Where have all the Comex specs gone?
Submitted by cpowell on Tue, 2020-05-05 23:34 Section: Daily Dispatches11:34p ET Tuesday, May 5, 2020
Dear Friend of GATA and Gold:
Comex gold and silver open interest is collapsing, especially among speculators, while demands for delivery on Comex contracts are soaring, the TF Metals Report's Craig Hemke writes today at Sprott Money.
Hedge funds bet on gold as refuge from 'unfettered' currency printing
Submitted by cpowell on Mon, 2020-05-04 23:57 Section: Daily DispatchesBy Laurence Fletcher and Henry Sanderson
Financial Times, London
Tuesday, May 5, 2020
Some of the largest hedge funds are raising their bets on gold, forecasting that central banks' unprecedented responses to the coronavirus crisis will lead to devaluations of major currencies.
Swiss gold refineries reopen as virus lockdown eases
Submitted by cpowell on Mon, 2020-05-04 22:33 Section: Daily DispatchesBy Peter Hobson
Reuters
Monday, May 4, 2020
LONDON -- Two of the world's biggest gold refiners, Valcambi and Argor-Heraeus, are restoring almost all operations after Switzerland relaxed coronavirus lockdown measures, they said today.
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