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Daily Dispatches
So what happened to that wonderful new 400-ounce-bar Comex gold futures contract?
Submitted by cpowell on Fri, 2020-04-17 23:45 Section: Daily Dispatches11:46p ET Friday, April 17, 2020
Dear Friend of GATA and Gold:
U.S. gold coin mint closes, Swiss gold refineries cut production, but paper and electrons remain ample
Submitted by cpowell on Fri, 2020-04-17 22:49 Section: Daily Dispatches10:47p ET Friday, April 17, 2020
Dear Friend of GATA and Gold:
Bullion Star researcher Ronan Manly tonight elaborates on the indefinite suspension of U.S. gold coin production just as demand had become stronger than it had been in years. Manly notes that this follows production cutbacks at the Royal Canadian Mint and the reduction in operations at gold refineries in Switzerland.
Nervous bankers leave the gold market stuck in disconnect
Submitted by cpowell on Fri, 2020-04-17 21:44 Section: Daily DispatchesBy Jack Farchy, Elena Mazneva, and Joe Deaux
Bloomberg News
Friday, April 17, 2020
https://www.bloomberg.com/news/articles/2020-04-17/gold-s-two-biggest-ma...
Alasdair Macleod: The looming derivatives crisis
Submitted by cpowell on Thu, 2020-04-16 14:46 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, April 16, 2020
Pam and Russ Martens: Here are the contracts showing how $4.5 trillion in stimulus was outsourced to Wall Street
Submitted by cpowell on Thu, 2020-04-16 12:22 Section: Daily DispatchesBy Pam and Russ Martens
Wall Street on Parade
Thursday, April 16, 2020
Bloomberg News has an article up today with the headline: "The Fed Loves Main Street As Much As Wall Street This Time." The article is accompanied with a graphic of Fed Chair Jerome Powell shooting equal amounts of money at Main Street and Wall Street.
Nothing could be further from the truth.
Ronan Manly: Comex bombshell -- most eligible vaulted gold has nothing to do with Comex
Submitted by cpowell on Thu, 2020-04-16 09:48 Section: Daily Dispatches9:50a ET Thursday, April 16, 2020
Dear Friend of GATA and Gold:
John Kim: Bullion banks hemorrhaging silver on Comex
Submitted by cpowell on Wed, 2020-04-15 22:48 Section: Daily Dispatches10:45p ET Wednesday, April 15, 2020
Dear Friend of GATA and Gold:
Financial analyst John Kim reports today that in the first nine days of April bullion banks have been called on to deliver a vastly greater than usual amount of silver against futures contracts sold on the New York Commodities Exchange.
U.S. Mint halts gold coin output just as demand is surging
Submitted by cpowell on Wed, 2020-04-15 20:26 Section: Daily DispatchesBy Joseph Richter and Yvonne Yue Li
Bloomberg News
Wednesday, April 15, 2020
The clamor for retail investors to get hold of precious-metals coins is about to get more urgent.
Bloomberg starts to admit that only gold is real and markets are illusions
Submitted by cpowell on Wed, 2020-04-15 12:35 Section: Daily Dispatches12:34p ET Wednesday, April 15, 2020
Dear Friend of GATA and Gold:
A little surprisingly for Bloomberg News, John Authers notes today that the gold price shows that stock market gains since 1971 are an inflationary illusion. His analysis is headlined "Gold Still Shines 50 Years After Nixon. Will Netflix?" and it's posted here:
Craig Hemke at Sprott Money: Comex search and seizure
Submitted by cpowell on Tue, 2020-04-14 20:28 Section: Daily Dispatches8:30p ET Tuesday, April 14, 2020
Dear Friend of GATA and Gold:
The TF Metals Report's Craig Hemke, writing tonight at Sprott Money, says the New York Commodities Exchange has been caught without enough metal to deliver against contracts and now has asked the U.S. Commodity Futures Trading Commission not to disclose how the exchange is papering things over, still without delivering.