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Daily Dispatches

U.S. gold coin mint closes, Swiss gold refineries cut production, but paper and electrons remain ample

Section: Daily Dispatches

10:47p 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.

Alasdair Macleod: The looming derivatives crisis

Section: Daily Dispatches

By 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

Section: Daily Dispatches

By 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.

John Kim: Bullion banks hemorrhaging silver on Comex

Section: Daily Dispatches

10:45p 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

Section: Daily Dispatches

By 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

Section: Daily Dispatches

12:34p 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

Section: Daily Dispatches

8:30p 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.

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