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Daily Dispatches
Gold miners' profits 'set to explode' but companies persist with no-premium mergers
Submitted by cpowell on Mon, 2020-05-11 21:43 Section: Daily DispatchesBy Gabriel Friedman
National Post, Toronto
Monday, May 11, 2020
In a reminder that some market forces still exert more power than the economic fallout from COVID-19, Vancouver-based SSR Mining Inc. today announced a no-premium, all-stock "merger of equals" with Denver-based Alacer Gold Corp. that was months in the making and would create a US$4 billion company.
Nick Laird's charts show unprecedented disruption in gold and silver markets
Submitted by cpowell on Mon, 2020-05-11 21:06 Section: Daily Dispatches9:09p ET Monday, May 11, 2020
Dear Friend of GATA and Gold:
Ed Steer's 'Gold & Silver Digest' for Saturday posted at GoldSeek
Submitted by cpowell on Mon, 2020-05-11 19:51 Section: Daily Dispatches7:53p ET Monday, May 11, 2020
Dear Friend of GATA and Gold:
The Saturday edition of GATA board member Ed Steer's "Gold & Silver Digest" letter, headlined "A Very Constructive COT Report," has been posted in the clear at GoldSeek here:
http://news.goldseek.com/GoldSeek/1589215451.php
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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.
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