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Daily Dispatches
No hope for metals, or a 'controlled retreat' by central banks?
Submitted by cpowell on Thu, 2019-08-08 18:46 Section: Daily Dispatches6:38p ET Thursday, August 8, 2019
Dear Friend of GATA and Gold:
In a letter he titles "Too Early to Throw in the Towel on Central Bank Gold-Market Rigging," our friend J.U. writes
Alasdair Macleod: Deeply negative nominal rates are on their way
Submitted by cpowell on Thu, 2019-08-08 14:10 Section: Daily Dispatches2:05p ET Thursday, August 8, 2019
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod expects central banks to push interest rates to deeply negative levels, prompting more asset bubbles, what von Mises called a "crack-up boom," impoverishment of retirees and those without assets, and a flight from the increasingly crazy financial system.
Help GATA by subscribing to The Calandra Report
Submitted by cpowell on Thu, 2019-08-08 13:41 Section: Daily Dispatches1:44p ET Thursday, August 8, 2019
Dear Friend of GATA and Gold:
Now that the monetary metals seem to be breaking out of their central bank chains, companies that produce gold, silver, and other strategic resources are starting to draw investment again.
A government's claims are probably driving silver up, GATA consultant Organ says
Submitted by cpowell on Wed, 2019-08-07 21:39 Section: Daily Dispatches9:40p ET Wednesday, August 7, 2019
Dear Friend of GATA and Gold:
Gold's unprecedented trading hints at something big behind the scenes, GATA chairman says
Submitted by cpowell on Wed, 2019-08-07 20:51 Section: Daily Dispatches8:51p ET Wednesday, August 7, 2019
Dear Friend of GATA and Gold:
In an interview with Dunagun Kaiser of Reluctant Preppers, GATA Chairman Bill Murphy says gold is trading like it has never traded before, signifying that something big is happening behind the scenes. Most likely, Murphy says, physical demand is starting to overcome the paper market.
Central banks change their policy on gold but not their madness
Submitted by cpowell on Wed, 2019-08-07 13:09 Section: Daily Dispatches1:19p ET Wednesday, August 7, 2019
Dear Friend of GATA and Gold:
Sprott will acquire Tocqueville gold fund and its managers
Submitted by cpowell on Wed, 2019-08-07 12:28 Section: Daily DispatchesAs Gold Surges, a Gold Fund Manager Gets Acquired
By Ben Walsh
Barron's, New York
Wednesday, August 7, 2019
https://www.barrons.com/articles/as-gold-surges-a-gold-fund-manager-gets...
China scoops up more gold for reserves during trade war
Submitted by cpowell on Wed, 2019-08-07 09:49 Section: Daily DispatchesBy Ranjeetha Pakiam
Bloomberg News
Wednesday, August 7, 2019
There's a powerful constant amid the to-and-fro of the U.S.-China trade war as currency policy gets dragged into the standoff between the world's two top economies: Beijing wants more gold in its reserves.
Robbers steal millions in gold coins from Mexican mint
Submitted by cpowell on Wed, 2019-08-07 02:05 Section: Daily DispatchesFrom Deutsche Welle, Bonn, Germany
Tuesday, August 6, 2019
Mexico's security ministry announced today that an armed group of robbers broke into the nation's mint, stealing the equivalent of 50 million Mexican pesos (E2.23 million, $2.5 million) in gold coins.
The announcement came after sources from the Department of Finance and Public Credit confirmed the crime to news agency EFE.
China state banks seen supporting yuan in forwards market, sources tell Reuters
Submitted by cpowell on Tue, 2019-08-06 23:15 Section: Daily DispatchesBy Winni Zhou and Andrew Galbraith
Reuters
Tuesday, August 6, 2019
China's state banks have been active in the onshore yuan forwards market this week, using swaps to tighten dollar supply and support the Chinese currency, four sources with knowledge of the matter told Reuters.
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