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Daily Dispatches
UK's Royal Mint lifted by market turmoil as demand for gold surges
Submitted by admin on Thu, 2022-10-13 17:13 Section: Daily DispatchesBy Daniel Thomas
Financial Times, London
Thursday, October 13, 2022
Market turmoil during the past year has boosted the performance of the Royal Mint as demand for gold coins and precious metals surged, pushing the profits of the UK's oldest surviving manufacturer to a record high.
The wholly state-owned company has supplied the country's coins since the reign of King Alfred the Great more than 1,100 years ago. But in its modern form it has expanded into sales of precious metals, historic coins, jewellery, and luxury collectibles.
Alasdair Macleod: Banking crisis prompts the great unwind
Submitted by admin on Thu, 2022-10-13 12:11 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, October 13, 2022
There is a growing feeling in markets that a financial crisis of some sort is now on the cards. Credit Suisse's very public struggle to refinance itself is proving to be a wake-up call for markets, alerting investors to the parlous state of global banking.
Chris Powell: Gold market manipulation update (October 2022)
Submitted by admin on Thu, 2022-10-13 00:57 Section: Daily DispatchesIllustrations for this presentation can be found here: NOIC-Slides-10-12-2022.pdf
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ILLUSTRATION 1
Remarks by Chris Powell
Secretary/Treasurer, Gold Anti-Trust Action Committee Inc.
New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
Wednesday, October 12, 2022
'Rigged' author Stuart Englert interviewed about gold and silver price suppression
Submitted by admin on Wed, 2022-10-12 14:09 Section: Daily Dispatches1:08p CT Wednesday, October 12, 2022
Dear Friend of GATA and Gold (and Silver):
Stuart Englert, author of "Rigged: Exposing the Largest Financial Fraud in History," was interviewed this week by Elijah Johnson for Finance and Liberty, discussing central banking's use of derivatives to suppress gold and silver prices. Englert also addresses the possible end of price suppression.
The interview is 25 minutes long and can be viewed at YouTube here:
Dave Kranzler: The market indicators that suggest a rally for monetary metals
Submitted by admin on Wed, 2022-10-12 11:46 Section: Daily Dispatches10:46a CT Wednesday, October 12, 2022
Dear Friend of GATA and Gold (and Silver):
Craig Hemke at Sprott Money: A flow out of paper silver and into real metal
Submitted by admin on Tue, 2022-10-11 17:17 Section: Daily DispatchesBy Craig Hemke
SprottMoney.com
Tuesday, October 11, 2022
An interesting dichotomy has developed in the "silver market." What does it mean? Does it mean anything at all? We'll know soon enough, I guess.
What an interesting year this has been, and the last six months have been positively brutal. While we await the eventual central bank pivot back toward easing and QE, Comex digital gold and silver have been whacked, cracked, and shellacked.
UK court says hedge funds can sue LME for cancelled nickel trades
Submitted by admin on Tue, 2022-10-11 10:46 Section: Daily DispatchesBy Pratima Desai
Reuters
Monday, October 10, 2022
LONDON -- A British court has granted permission for U.S.-based hedge fund Elliot Associates and Jane Street Global Trading to sue the London Metal Exchange (LME) for cancelling nickel trades in March, a court document showed.
Elliott and Jane Street are demanding damages of $456.4 million and $15.34 million respectively, after the nickel price topped a record $100,000 per tonne on March 8, prompting the LME's suspension of nickel trading and voiding of trades.
... Dispatch continues below ...
Ambrose Evans-Pritchard: Rejoice, for we may be close to Fed capitulation
Submitted by admin on Tue, 2022-10-11 09:55 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Tuesday, October 11, 2022
Warnings about monetary overkill by central banks are growing louder. This time the insurgency is coming from within America's New Keynesian elite.
The most powerful buyers of Treasuries are bailing all at once
Submitted by admin on Mon, 2022-10-10 08:13 Section: Daily DispatchesBy Liz McCormick, Garfield Clinton Reynolds, and Michael Mackenzie
Bloomberg News
Monday, October 10, 2022
Everywhere you turn, the biggest players in the $23.7 trillion US Treasuries market are in retreat.
Gold market's great migration sends bullion rushing east
Submitted by admin on Sun, 2022-10-09 09:02 Section: Daily DispatchesBy Eddie Spence and Sing Yee Ong
Bloomberg News
Sunday, October 9, 2022
There's a global migration underway in the gold market, as western investors dump bullion while Asian buyers take advantage of a tumbling price to snap up cheap jewelry and bars.
Rising rates that make gold less attractive as an investment mean that large volumes of metal are being drawn out of vaults in financial centers like New York and heading east to meet demand in Shanghai's gold market or Istanbul's Grand Bazaar.
In fact, it can't move fast enough.
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