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Daily Dispatches
Employee of U.S. Mint at West Point has virus, prompting temporary shutdown
Submitted by cpowell on Mon, 2020-03-30 20:39 Section: Daily DispatchesFrom Silver Doctors / SD Bullion
Ottawa Lake, Michigan
Monday, March 30, 2020
A police officer at the U.S. Mint at West Point, New York, has tested positive for Covid-19 and now the mint has temporarily shut down.
In an email forwarded to us today, we can confirm that the mint is temporarily being shut down.
... Dispatch continues below ...
Russia will stop purchases of domestic gold
Submitted by cpowell on Mon, 2020-03-30 12:40 Section: Daily DispatchesBy Yuliya Fedorinova and Elena Mazneva
Bloomberg News
Monday, March 30, 2020
Russia's central bank, the world's biggest bullion buyer, will stop domestic gold purchases starting next month.
The central bank didn't explain the move, saying only that future decisions will depend on the state of financial markets, according to a statement released today.
You mean there was never any gold at the Comex?
Submitted by cpowell on Sun, 2020-03-29 18:49 Section: Daily DispatchesCoronavirus Sparks a Global Gold Rush
By Liz Hoffman, Amrith Ramkumar, and Joe Wallace
The Wall Street Journal
Friday, March 27, 2020
It's an honest-to-God doomsday scenario and the ultimate doomsday-prepper market is a mess.
Miners are back, so follow them with The Calandra Report and help GATA
Submitted by cpowell on Sat, 2020-03-28 13:27 Section: Daily Dispatches1:30p ET Saturday, March 29, 2020
Dear Friend of GATA and Gold:
Now that the monetary metals industry is suddenly back in business after a couple of weeks in which the metals were smashed in the futures markets to prepare the way for distribution of infinite money, financial letter writer Thom Calandra is renewing his generous offer to GATA supporters.
Coronavirus pushes London banks to consider additional gold storage sites
Submitted by cpowell on Sat, 2020-03-28 13:25 Section: Daily DispatchesBy Peter Hobson
Reuters
Friday, March 27, 2020
LONDON -- The five banks that clear gold trades in the London market are considering expanding their network of storage locations to other countries if it becomes impossible to fly enough gold in and out of London, two sources involved in the discussions say.
John Kim: Comex issues and stops reports expose Comex physical gold supply problems
Submitted by cpowell on Sat, 2020-03-28 13:14 Section: Daily DispatchesBy John Kim
Friday, March 28, 2020
Right now, the latest Comex issues and stops reports expose Comex physical gold supply problems. Though I have written about the various reasons why physical gold supply problems manifest many times in the past, this topic still remains one rarely discussed by financial journalists, and never discussed by the mass financial media.
The wild hunt for 100-ounce gold bars
Submitted by cpowell on Sat, 2020-03-28 12:43 Section: Daily DispatchesBy Joe Deaux and Yvonne Yue Li
Bloomberg News
Saturday, March 28, 2020
https://www.bloomberg.com/news/articles/2020-03-28/when-a-hot-gold-trade...
There are few corners of the global financial market that have been upended as spectacularly, or as oddly, by the coronavirus pandemic as gold trading.
Gold traders are paid not to redeem Comex EFPs, London sources say
Submitted by cpowell on Fri, 2020-03-27 11:55 Section: Daily Dispatches12:08p ET Friday, March 27, 2020
Dear Friend of GATA and Gold:
What the heck are those mysterious "exchange for physicals," the mechanisms by which contracts to buy gold on the New York Commodities Exchange are neither fulfilled by delivery on the Comex nor settled for cash there but transported for supposed delivery elsewhere?
Miners are back, so follow them with The Calandra Report and help GATA
Submitted by cpowell on Thu, 2020-03-26 22:52 Section: Daily Dispatches10:54p ET Thursday, March 25, 2020
Dear Friend of GATA and Gold:
Now that the monetary metals industry is suddenly back in business after a couple of weeks in which the metals were smashed in the futures markets to prepare the way for distribution of infinite money, financial letter writer Thom Calandra is renewing his generous offer to GATA supporters.
'There is no gold' -- Bullion dealers sell out in panic buying
Submitted by cpowell on Thu, 2020-03-26 01:30 Section: Daily DispatchesBy Brett Arends
MarketWatch.com, New York
Wednesday, March 25, 2020
https://www.marketwatch.com/story/there-is-no-gold-bullion-dealers-sell-...
If you think gold has jumped about 10 percent in a couple of days to $1,638 an ounce, the official price quoted on Wall Street, think again.
The real price? Nearer $1,800 -- if you can get it.
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