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Daily Dispatches
Inflation is finally starting to bite gold giant Barrick
Submitted by admin on Thu, 2022-04-14 12:23 Section: Daily DispatchesBy James Attwood
Bloomberg News
Thursday, April 13, 2022
Barrick Gold Corp., which had fared better than other bullion producers in navigating a rising cost environment, is finally encountering some inflationary headwinds.
In a preliminary report today, Toronto-based Barrick said gold production in the first quarter was lower than the prior quarter, in line with previous guidance.
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GoldMoney's Turk discusses possible futures market default in silver
Submitted by admin on Wed, 2022-04-13 21:25 Section: Daily Dispatches9:12p ET Wednesday, April 13, 2022
Dear Friend of GATA and Gold:
Last week the German edition of The Epoch Times interviewed GoldMoney founder and GATA consultant James Turk about developments in the currency and futures markets, starting with the London Metals Exchange's default on its nickel contract and its rescuing the shorts and its expropriation of the longs.
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Ronan Manly: Sanctions won't stop Russian-Chinese cooperation on gold
Submitted by admin on Tue, 2022-04-12 23:17 Section: Daily Dispatches11:15p ET Tuesday, April 12, 2022
Dear Friend of GATA and Gold:
Bullion Star's Ronan Manly writes tonight that cooperation in the gold market between Russia and China is far too serious to be undone by silly talk in political circles in the United States about sanctions to freeze Russian gold out of the world financial system.
Manly's analysis is headlined "China and Russia in Close Cooperation Aiming for Win-Win in Gold Markets" and it's posted at Bullion Star here:
Craig Hemke: How much will the Fed break the stock market before relenting?
Submitted by admin on Tue, 2022-04-12 22:36 Section: Daily Dispatches10:35p ET Tuesday, April 12, 2022
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing tonight at Sprott Money, speculates on how much the Federal Reserve is prepared to "break" the stock market in the name of fighting inflation before returning with infinite liquidity to drive stock prices up again.
Hemke's analysis is headlined "Concern for Stonks" and it's posted at Sprott Money here:
Ed Steer's weekend newsletter posted in the clear at GoldSeek
Submitted by admin on Mon, 2022-04-11 21:19 Section: Daily Dispatches9:20p ET Monday, April 11, 2022
Dear Friend of GATA and Gold:
The weekend edition of GATA board member Ed Steer's Gold and Silver Digest newsletter, headlined "Battle Stations for 'Da Boys' in New York on Friday," is posted in the clear at GoldSeek here:
https://goldseek.com/article/battle-stations-da-boyz-new-york-friday
Ted Butler: The real lesson of the London Metals Exchange's default in nickel
Submitted by admin on Mon, 2022-04-11 21:11 Section: Daily Dispatches9p ET Monday, April 11, 2022
Dear Friend of GATA and Gold:
Silver market analyst Ted Butler notes tonight that the concentrated short position in silver futures and derivatives in the United States is many, many times larger than the short position in nickel that blew up and prompted default of the London Metals Exchange's nickel contract.
Butler writes that U.S. market regulators should be investigating the grotesque short position in silver.
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Robert Lambourne: Stopping QE is likely to be extremely difficult for U.S.
Submitted by admin on Sun, 2022-04-10 22:45 Section: Daily DispatchesBy Robert Lambourne
Monday, April 11, 2022
Cash flow trends at the U.S. Treasury suggest that it will be very challenging to meet the forecasts for government debt.
The major contribution of "quantitative eashing" (QE) to federal government funding in recent years is clear from the table below, and reducing QE seems likely to be especially tough in view of inflation and the reluctance to allow interest rates to climb much.
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Ronan Manly: Spotlight on gold and silver mining share indexes, Part 1
Submitted by admin on Fri, 2022-04-08 22:45 Section: Daily DispatchesBy Ronan Manly
Bullion Star, Singapore
Friday, April 8, 2022
When glancing through news articles about precious metals prices, you will often come across references to the performance of various gold and silver mining stock indexes, as well as the exchange-traded funds that are benchmarked against these indexes.
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Russia's 'petro-ruble' draws gold into the energy trade, Maguire says
Submitted by admin on Fri, 2022-04-08 22:31 Section: Daily Dispatches10:25p ET Friday, April 8, 2022
Dear Friend of GATA and Gold:
In his new interview with Shane Morand on Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire says Russia has created a "petro-ruble" to compete with the "petro-dollar" and is drawing gold into the trade for Russian energy supplies.
The interview is 48 minutes long and can be viewed at YouTube here:
Alasdair Macleod: The commodity currency revolution
Submitted by admin on Thu, 2022-04-07 21:50 Section: Daily DispatchesBy Alasdair Macleod
GoldMoney, Toronto
Thursday, April 7, 2022
We will look back at current events and realise that they marked the change from a dollar-based global economy underwritten by financial assets to commodity-backed currencies. We face a change from collateral being purely financial in nature to becoming commodity based. It is collateral that underwrites the whole financial system.
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