You are here
Daily Dispatches
New 'In Gold We Trust' report shows why gold should be way up, not why it isn't
Submitted by admin on Thu, 2022-06-02 11:13 Section: Daily Dispatches11:18a ET Thursday, June 2, 2022
Dear Friend of GATA and Gold:
The new annual "In Gold We Trust" report from financial house Incrementum's Ronald-Peter Stoferle and Mark J. Valek has been published, containing a zillion reasons why gold should be going way up in price but not much if anything about why it hasn't gotten there. For that information you're probably still stuck with GATA. (As the White Queen told Alice: "Jam tomorrow and jam yesterday, but never jam today.")
John Adams: Conquering silver market manipulation
Submitted by admin on Wed, 2022-06-01 12:57 Section: Daily Dispatches12:58p Wednesday, June 1, 2022
Dear Friend of GATA and Gold:
John Adams of As Good As Gold Australia writes that silver market manipulation goes beyond the futures markets to corrupt the physical market, where supply also is exaggerated by enterprises that sell claims to metal they don't actually possess.
Exposing this physical market manipulation, Adams writes, is crucial to establishing a free-market price for silver.
Adams' analysis is headlined "Conquering Silver Market Manipulation" and it's posted at his internet site, Adams Economics, here:
USAGold's June 'News & Views' letter sees 'the avalanche of history'
Submitted by admin on Wed, 2022-06-01 12:33 Section: Daily Dispatches12:32p Wednesday, June 1, 2022
Dear Friend of GATA and Gold:
USAGold's "News & Views" letter for June carries many brief excerpts from analysts who are seeing "regime change" in the markets as inflation rages and the Federal Reserve contemplates tightening the money supply.
The June edition is headlined "The Avalance of History" and it's posted at USAGold here:
Metals' fundamentals subverted by price controllers, GATA chairman tells GoldSeek Radio
Submitted by admin on Tue, 2022-05-31 22:36 Section: Daily Dispatches10:35p Tuesday, May 31, 2022
Dear Friend of GATA and Gold:
GATA Chairman Bill Murphy, interviewed by GoldSeek Radio's Chris Waltzek, says that despite bullish fundamentals, nothing matters to gold and silver prices at the moment except what the price controllers -- the U.S. government and its agent bullion banks -- can get away with. The interview is 17 minutes long and can be heard at GoldSeek here:
South Africa's Gold Fields to buy Yamana Gold in $6.7 billion deal
Submitted by admin on Tue, 2022-05-31 10:39 Section: Daily DispatchesFrom Reuters
via CNBC, New York
Tuesday, May 31, 2022
South African miner Gold Fields today agreed to buy Canada-based precious metals miner Yamana Gold in an all-share deal, valuing the Toronto-listed company at $6.7 billion.
Gold Fields said its shareholders will own about 61% of the combined group, while Yamana Gold shareholders will own around 39% after the deal completes.
... Dispatch continues below ...
... ADVERTISEMENT ...
Federal Reserve carrying $330 billion in unrealized losses on its assets
Submitted by admin on Mon, 2022-05-30 12:07 Section: Daily DispatchesBy Howard Schneider
Reuters
Friday, May 27, 2022
WASHINGTON -- The U.S. Federal Reserve is carrying $330 billion in unrealized losses on its holdings of U.S. Treasury and mortgage-backed securities as of the end of March, according to newly released financial statements showing the impact of rising interest rates on the market value of the Fed's balance sheet.
The central bank's holdings of nearly $9 trillion in assets still allowed the Fed to remit $32.2 billion to the U.S. Treasury in the first quarter of 2022, according to the documents.
When buying gold or silver, consider the dealers who support GATA
Submitted by admin on Mon, 2022-05-30 12:04 Section: Daily Dispatches12:04p Monday, May 30, 2022
Dear Friend of GATA and Gold:
Being the only forms of money without counterparty risk, at least when held directly by their owners, gold and silver are often seen as the foundation of a sound investment portfolio.
Mining journalist, gold and silver advocate David Bond passes
Submitted by admin on Mon, 2022-05-30 11:56 Section: Daily Dispatches11:55a Monday, May 30, 2022
Dear Friend of GATA and Gold:
We should have taken note of the passing of monetary metals advocate and mining journalism David Bond of Wallace, Idaho, whose work often was publicized by GATA, but did not become aware of it until we went looking for him today.
His work was appreciated and he will be remembered for it.
A news obituary from the Coeur d'Alene Press from February 2020 can be found here:
Tennessee governor signs full repeal of sales taxes on gold and silver
Submitted by admin on Mon, 2022-05-30 11:35 Section: Daily DispatchesFrom Money Metals News Service
Eagle, Idaho
Sunday, May 29, 2022
NASHVILLE, Tennessee -- With Gov. Bill Lee's signature on Friday, Tennessee has officially become the 42nd state to remove sales taxes from constitutional sound money -- gold and silver.
Tennessee's House Bill 1874 and Senate Bill 1857, introduced by Rep. Bud Hulsey and Sen. Frank Niceley, passed both chambers of the Tennessee legislature overwhelmingly last month and took effect immediately upon the governor's signature at the start of Memorial Day weekend.
German inflation rises to record 8.7% as food and energy prices jump
Submitted by admin on Mon, 2022-05-30 10:41 Section: Daily DispatchesBy Martin Arnold
Financial Times, London
Monday, May 30, 2022
German inflation rose by more than expected to a new record of 8.7% in May, driven by soaring energy and food prices, increasing pressure on the European Central Bank to raise interest rates faster than planned.
The annual increase in the harmonised index of consumer prices in Germany was up from 7.8% in the previous month and higher than the 8% expected by economists, according to a Reuters poll.
... Dispatch continues below ...
Pages
