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Daily Dispatches
Wising up to 'paper gold,' the world grabs for the real thing, Maguire says
Submitted by admin on Sat, 2024-04-20 11:54 Section: Daily Dispatches11:59a ET Saturday, April 20, 2024
Dear Friend of GATA and Gold:
London monetary metals trader Andrew Maguire, speaking with the TF Metals Report's Craig Hemke on Kinesis Money's "Live from the Vault" program this week, says the conversion of Comex "paper gold" into physical gold is causing so much offtake of real metal that the U.S. Federal Reserve soon will be forced to stop using "paper gold" sales for price suppression.
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'Gold: The Real Thing' draws on Sprott, Lassonde, Gromen, Naylor-Leyland, and Oliver
Submitted by admin on Fri, 2024-04-19 20:36 Section: Daily Dispatches8:37p ET Friday, April 19, 2024
Dear Friend of GATA and Gold:
Simon Catt, executive director of Arlington Group Asset Management in London, this week put together an outstanding seminar on the monetary metals and their future, drawing on five luminaries in the sector:
-- Mining entrepreneur Eric Sprott.
-- Mining entrepreneur Pierre Lassonde.
-- Market analyst and newsletter writer Luke Gromen.
-- Jupiter Asset Management fund manager Ned Naylor-Leyland.
-- And market analyst and newsletter writer Michael Oliver.
Lawmakers want to make China pay its trillion-dollar debt to Americans
Submitted by admin on Fri, 2024-04-19 20:18 Section: Daily DispatchesBy Andrew Hale
The Hill, Washington
Friday, April 19, 2024
It's practically an international article of faith: Countries may not default on their sovereign debt. Yet China has done just that on $1 trillion it owes to U.S. bondholders.
Is there nothing we can do about it?
Finding members of Congress willing to talk tough isn't hard.
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Subscribe to The Calandra Report, make money, and help GATA
Submitted by admin on Fri, 2024-04-19 20:09 Section: Daily Dispatches8:08p ET Friday, April 19, 2024
Dear Friend of GATA and Gold (and Silver and other metals):
Mining company shares are taking off as governments are issuing infinite money and incurring infinite debt, and Thom Calandra of The Calandra Report (at Thomcalandra.com) is connecting with newly subscribed GATA supporters and sharing with them his insights about producing gold and silver mines and gold and silver explorers in the Yukon, Quebec, Nevada, Mexico, Ghana, and elsewhere.
Biggest money managers are flocking to gold as inflation fears intensify
Submitted by admin on Fri, 2024-04-19 20:06 Section: Daily DispatchesBy Yun Li
CNBC, New York
Thursday, April 18, 2024
Hedge funds and other money managers have been stepping up wagers on gold as the bullion reached a series of new highs on the back of reaccelerating inflation.
Overweighting precious metals has become the consensus among the largest money managers, with 83% of them being long the asset class, a new Citi analysis of top investors overseeing more than $18 trillion showed.
The study also found that gold is the only commodity that big allocators added to over the past month. ...
Subscribe to The Calandra Report, make money, and help GATA
Submitted by admin on Thu, 2024-04-18 12:19 Section: Daily Dispatches12:18a Thursday, April 18, 2024
Dear Friend of GATA and Gold (and Silver and other metals):
Mining company shares are taking off as governments are issuing infinite money and incurring infinite debt, and Thom Calandra of The Calandra Report (at Thomcalandra.com) is connecting with newly subscribed GATA supporters and sharing with them his insights about producing gold and silver mines and gold and silver explorers in the Yukon, Quebec, Nevada, Mexico, Ghana, and elsewhere.
Vietnam's central bank to resume gold bar bidding after 11 years
Submitted by admin on Thu, 2024-04-18 11:46 Section: Daily DispatchesFrom Vietnam News Agency, Hanoi
Tuesday, April 16, 2024
China unloads more U.S. Treasury bills as odds of Fed rate cuts grow slim
Submitted by admin on Thu, 2024-04-18 10:29 Section: Daily DispatchesBy Kandy Wong
South China Morning Post, Hong Kong
Thursday, April 18, 2024
Worries over security and a further delay to expected interest rate cuts by the Federal Reserve have depleted Beijing's appetite for U.S. Treasury bills, and its position as the second-largest foreign holder of the financial instruments could be taken by the U.K. in coming months, analysts warned.
U.S., Japan, South Korea hint at currency market intervention to stop dollar's rise
Submitted by admin on Thu, 2024-04-18 08:59 Section: Daily DispatchesDollar Rally Stalls After Rare FX Warning from Finance Chiefs
By Amanda Cooper
Reuters
Thursday, April 18, 2024
LONDON -- The dollar fell for a second day today after a rare warning by the finance chiefs of the United States, Japan, and South Korea over the sharp decline in other currencies, which in turn offered the yen some rare respite.
The yen got a modest lift after Japan's top currency diplomat Masato Kanda said finance leaders of the G7 reaffirmed their stance that excessive currency volatility was undesirable.
Toronto airport gold heist arrests include Air Canada staff as police recover little of the stolen metal
Submitted by admin on Wed, 2024-04-17 17:59 Section: Daily DispatchesBy Andy Takagi and Peter Edwards
Toronto Star
Wednesday, April 17, 2024
Two Air Canada employees and a Toronto jewelry store owner were among the inner group that plotted the theft of nearly $24 million in gold and cash from a storage unit at Pearson International Airport a year ago, police say.
Just $90,000 worth of the stolen gold has been recovered, police said at a press conference today, as they announced six arrests and three outstanding warrants on the one year anniversary of the massive heist.
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