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Daily Dispatches
Dave Kranzler: The Comex has defaulted on gold
Submitted by cpowell on Tue, 2020-03-31 13:04 Section: Daily Dispatches1:05p ET Tuesday, March 31, 2020
Dear Friend of GATA and Gold:
Elaborating on Bullion Star analyst Ronan Manly's report today on the use by the New York Commodities Exchange of futures contracts that offer 400-ounce gold bars when there are none in the Comex system --
Ronan Manly: Comex can't find a 400-ounce gold bar for its new 400-ounce futures contract
Submitted by cpowell on Tue, 2020-03-31 12:17 Section: Daily Dispatches12:21p ET Tuesday, March 31, 2020
Dear Friend of GATA and Gold:
Fed will 'temporarily' monetize foreign-held U.S. Treasuries
Submitted by cpowell on Tue, 2020-03-31 11:16 Section: Daily DispatchesFed Sets Up Scheme to Meet Booming Foreign Demand for Dollars
By James Politi, Brendan Greeley, and Colby Smith
Financial Times, London
Tuesday, March 31, 2020
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.
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