Daily Dispatches

Sentiment in monetary metals has never been worse, GATA chairman says

Submitted by cpowell on Thu, 2017-05-25 22:46 Section: Daily Dispatches

8:48p MT Thursday, May 25, 2017

Dear Friend of GATA and Gold:

Wall Street for Main Street's Jason Burack today interviews GATA Chairman Bill Murphy, who says that sentiment in the monetary metals sector has never been worse but he thinks the bottom is in. The interview is a half-hour long and can be heard at You Tube here:

https://www.youtube.com/watch?v=7VKmYzbf7dQ&feature=youtu.be

Read more about Sentiment in monetary metals has never been worse, GATA chairman says

Jim Rickards: The golden conspiracy buys time for China to hedge its dollar surplus

Submitted by cpowell on Thu, 2017-05-25 22:36 Section: Daily Dispatches

8:37p MT Thursday, May 25, 2017

Dear Friend of GATA and Gold:

Read more about Jim Rickards: The golden conspiracy buys time for China to hedge its dollar surplus

Russian explorers find 'swamp' of Soviet money, all worthless

Submitted by cpowell on Thu, 2017-05-25 12:11 Section: Daily Dispatches

... Yet the czar's old gold rubles are more valuable than ever.

* * *

By Maria Kiseleva and Alistair Coleman
British Broadcasting Corp., London
Thursday, May 25, 2017

A group of explorers in Russia have found around a billion roubles in old Soviet money at an abandoned mine, but it's all completely worthless.

Read more about Russian explorers find 'swamp' of Soviet money, all worthless

Alasdair Macleod: Debts, Bastiat, and modern economics

Submitted by cpowell on Thu, 2017-05-25 10:55 Section: Daily Dispatches

10:56a ET Thursday, May 25, 2017

Dear Friend of GATA and Gold:

GoldMoney research director Alasdair Macleod today criticizes what he considers the central flaw of Keynesian economics -- its failure to account for what is real but unseen. Macleod's commentary is headlined "Debts, Bastiat, and Modern Economics" and it's posted at GoldMoney here:

Read more about Alasdair Macleod: Debts, Bastiat, and modern economics

GATA Chairman Murphy interviewed by Finance and Liberty

Submitted by cpowell on Wed, 2017-05-24 21:32 Section: Daily Dispatches

9:34p ET Wednesday, May 24, 2017

Dear Friend of GATA and Gold:

Read more about GATA Chairman Murphy interviewed by Finance and Liberty

London's gold benchmark hit by volatility after banks exit, Reuters says

Submitted by cpowell on Wed, 2017-05-24 19:44 Section: Daily Dispatches

By Peter Hobson
Reuters
Wednesday, May 24, 2017

London's gold benchmark experienced large, unpredictable fluctuations after some banks left the auction that sets the price relied upon by the $5 trillion-a-year bullion market, according to a Reuters analysis of trading data.