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Daily Dispatches
Record central bank buying lifts global gold demand, gold council says
Submitted by admin on Mon, 2022-10-31 23:14 Section: Daily DispatchesBy Peter Hobson
Reuters
Tuesday, November 1, 2022
LONDON -- Central banks bought a record 399 tonnes of gold worth around $20 billion in the third quarter of 2022, helping to lift global demand for the metal, the World Gold Council said today.
Demand for gold was also strong from jewellers and buyers of gold bars and coins, the gold council said in its latest quarterly report, but exchange traded funds storing bullion for investors shrank.
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Pure Gold shareholders face wipeout after junior fails at Red Lake mine
Submitted by admin on Mon, 2022-10-31 22:23 Section: Daily DispatchesBy Niall McGee
Globe and Mail, Toronto
Monday, October 31, 2022
Pure Gold Mining Inc. PGM-X shareholders face losing their entire investment with the junior miner filing for creditor protection after it failed to turn around its gold project in the notoriously hard-to-mine Red Lake district of Northern Ontario.
Robert Lambourne: BIS gold swaps stay very low for second month
Submitted by admin on Mon, 2022-10-31 20:31 Section: Daily DispatchesBy Robert Lambourne
Monday, October 31, 2022
The recently released September statement of account of the Bank for International Settlements --
Brien Lundin: A real silver squeeze may be underway
Submitted by admin on Mon, 2022-10-31 13:26 Section: Daily DispatchesBy Brien Lundin, Editor
Gold Newsletter / Golden Opportunities
Metairie, Louisiana
Monday, October 31, 2022
If recent data -- and some little-noticed correspondence between the Comex futures exchange and the U.S. Commodity Futures Trading Commission -- are any indication, we could be in for a new silver squeeze that will finally upset the rigged "paper silver" game.
Eurozone inflation hits record 10.7%
Submitted by admin on Mon, 2022-10-31 12:54 Section: Daily DispatchesBy Martin Arnold
Financial Times, London
Monday, October 21, 2022
Eurozone inflation surged to a record high of 10.7% in October, keeping the pressure on the European Central Bank to continue raising interest rates despite a sharp slowdown in growth in the third quarter.
The increase in eurozone consumer prices accelerated from 9.9% in September, which was already the highest in the 23-year history of the euro.
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Miles Franklin's Andy Schectman explains 'price as misdirection' in gold and silver
Submitted by admin on Fri, 2022-10-28 23:26 Section: Daily Dispatches11:27p ET Friday, October 28, 2022
Dear Friend of GATA and Gold:
This week's "Live from the Vault" from program Kinesis Money, a conversation between London metals trader Andrew Maguire and coin and bullion dealer Andrew Schectman of the Miles Franklin distributorship, examines the incongruity of falling gold and silver futures prices amid overwhelming demand for real metal.
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Ted Butler: Silver's coming move to $50, and beyond
Submitted by admin on Fri, 2022-10-28 10:27 Section: Daily DispatchesBy Ted Butler
SilverSeek.com
Thursday, October 27, 2022
Twice over the past 42 years, the price of silver has risen to $50; once back in 1980 and again 11 years ago, in 2011. Obviously, no one would argue that something that occurred twice already is not capable of happening again. On both prior silver price peaks, prices then fell sharply and quickly. But the next coming move to $50 in silver is much more likely to not only exceed the past two highs, but also remain far higher for far longer than previously.
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Modi plan to unlock India's gold gets new focus amid near-record trade gap
Submitted by admin on Thu, 2022-10-27 23:38 Section: Daily DispatchesBy Adrija Chatterjee, Swansy Afonso, and Shruti Srivastava
Bloomberg News
Thursday, October 27, 2022
India's wide trade deficit is highlighting a curious government plan to rein in the gap: Getting people to hand over their private stashes of gold jewelry.
Prime Minister Narendra Modi and his government have been trying to convince gold-obsessed citizens -- who collectively own the biggest private holding of bullion in the world -- to deposit their treasures with banks and earn interest.
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Russian banks run low on gold amid surging demand
Submitted by admin on Wed, 2022-10-26 19:46 Section: Daily DispatchesFrom Russia Today, Moscow
Tuesday, October 25, 2022
Banks in Russia are facing a shortage of gold bars after demand for the precious metal increased sharply, the Vedomosti newspaper reported, citing experts.
The executive director of precious metals operations at Uralsib Bank, Andrey Vasiliev, told the media outlet that supply disruptions arose due to the limited production capacity of refineries and growing demand for gold bars from citizens.
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Craig Hemke at Sprott Money: All eyes on the dollar index
Submitted by admin on Tue, 2022-10-25 20:56 Section: Daily Dispatches8:56p ET Tuesday, October 25, 2022
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing tonight at Sprott Money,argues that the U.S. dollar index will anticipate the ending of the Federal Reserve's interest-rate-raising cycle, breaking below its moving averages. Hemke's writes that such a point has not yet arrived but it will. His analysis is headlined "All Eyes on the Dollar Index" and it's posted at Sprott Money here:
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